Simple, practical explainers on the stock market, IPOs and investing.
Looking for one term? The A–Z glossary lists every explainer on one page.
25 articles
NSE and BSE are India's two SEBI-regulated stock exchanges. They share depositories and settlement rules but run separate order books, indices and symbols, so one share can show two prices.
BZ is NSE's series for shares of companies that have breached listing regulations. BZ stocks settle trade-for-trade: every trade ends in delivery, so intraday is impossible and price bands are narrow.
BE is NSE's trade-for-trade series: every trade must end in actual delivery and full payment, so intraday buys and sells in the same stock are never netted against each other.
EQ is NSE's series code for shares in the normal market: delivery and intraday trading are both allowed, and same-day trades are netted. The code says how a stock trades, not whether it is worth buying.
Equity is the owners' residual claim on a company: what remains of its assets after every liability is paid. The same word names the shares that carry this claim and the asset class they form.
A share is a single unit of ownership in a company, carrying a vote, a claim on declared dividends and a residual claim on assets. Hold more shares and you own proportionately more of the business.
The stock market is the system of exchanges, brokers, clearing corporations and depositories through which listed shares are issued and traded — in India, on the NSE and BSE under SEBI's rules.
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