In 1988, the Government of India established the "Securities and Exchange Commission of India" (SEBI), and in 1992 the Parliament passed a bill to give it statutory regulatory qualifications and to be responsible for the formulation, implementation and supervision of the rules of the Indian securities market. India's largest stock exchange is the Mumbai Stock Exchange (BSE), located in Bombay, founded in 1875 and is Asia's longest-history stock exchange. By the end of September 2015, there were more than 5,500 listed companies, with a total market value of $1.64 trillion, the largest and 5th world-wide stock exchange in South Asia. Its SENSEX index (also known as BSE 30) is widely used in India and Asia.  
       In addition to BSE, there is "India National Securities Trading Co., Ltd." (NSE), also located in the Bon buy, was founded in 1992. Its index, called S&P CNX Nifty, is the composite index of its largest 50 stocks. The exchange, which is dominated by derivatives trading, annual trading volume ranks fourth in the world, is the second largest stock exchange in South Asia, listed as India's top two stock exchanges with the Bon buying stock Exchange.