National Stock Exchange was incorporated in the year 1993 to bring about transparency Indian equity markets. NSE set up at behest of Government India based on recommendations laid out by Pherwani committee 1991 and blueprint prepared a team five members (Ravi Narain Raghavan Puthran K Kumar Chitra Sankaran Ashishkumar Chauhan) along with R H Patil SS Nadkarni who were deputed IDBI 1992. Instead trading memberships being confined group brokers ensured that anyone qualified experienced met minimum financial requirements allowed trade. commenced operations 30 June starting wholesale debt market (WDM) segment equities 3 November 1994. It first exchange India introduce an electronic facility. Within one start its operations daily turnover exceeded BSE. Operations derivatives 12 2000. In August 2008 introduced currency derivatives.