Meta Description: NSE and BSE dominate headlines, but did you know India still has 20+ stock exchanges on paper? Here’s the full list — including the weird, the dead, and the deactivated.
📌 At a Glance:
When people think of Indian stock markets, it’s always:
- 🏦 NSE (National Stock Exchange)
- 🏛️ BSE (Bombay Stock Exchange)
But India once had 25+ regional stock exchanges (RSEs).
Today, most are either dead, dormant, or zombie-listed.
Yet a few names like MSEI (formerly MCX-SX) still technically operate.
So let’s do a financial archaeology dig — and uncover the other stock exchanges in India that aren’t named NSE or BSE.
🇮🇳 Active (or Barely Alive) Stock Exchanges in India
🔹 1. Metropolitan Stock Exchange of India (MSEI)
Tagline: NSE-BSE ka chhota bhai, jo abhi tak ghar nahi chhoda.
- Launched in 2008 as MCX-SX
- Rebranded to MSEI in 2015
- Offers trading in Equity, Currency Derivatives, Debt Instruments
- Regulated by SEBI, but…
Volume? Lower than your ex’s respect for you after a failed intraday call.
✅ Still operational
😬 But not used much
Website: www.msei.in
⚰️ Defunct / Derecognized Stock Exchanges in India
🪦 The Official SEBI Graveyard (delisted/derecognized under SEBI circulars)
