Kudos toMr Patil for setting up NSE and go far ahead.
But one thing is the that,It was supported by Regulator (SEBI) and BSE was dragged down the regulator.
In certain cases the regulatee has regulated the regulator.
As myself worked with BSE,certain facts are unknown to people.
Cheers to NSE no doubt,But Still been an ex employee of BSE,I am fan of BSE.
The main fact is that NSE Got permission from the regulator to expand it's VSAT Connectivity across the Country while BSE was only allowed within the Municpal Limits of Mumbai, and later BSE was also given permission.,in Tis way NSE had expanded it's reach and had the First Mover Advantage,BSE lagged,NEAT had spread across the country but BOLT was laaging behind.
The main objective to set up NSE was to give competition to BSE,as it was the sole leader at that point of time,Now NSE was grown leaps and Bounds and is the sole leader.
BSE got BAd name and media exposed it,Bad things also Happen at NSE but those are not exposed by Media.
But Still SENSEX is a strong Brand and does not require Branding ,while NSE has been branding NIFTy since last few years.
One more thing is that BSE tied up with NDTV Profit to set up the Giant Screen on it's wall and NSE in the same way followed BSE and tied up with CNBC and set u a studio of CNBC in NSe complex.
People do not wrie off BSE,It is an old player and will bounce back.
RE:Kudos
by Rajendra Mundhe on Nov 23, 2007 03:39 PM Permalink
dear yogesh , being an employee of BSE you also added good stuff in reply. It removed lot of my confusion bet BSE & NSE.
