India's New Stock Exchange

The NSE is India's New Stock Exchange.CEO Ravi Narain notes that the country's economic reforms of the 1980s and 90s are now bearing fruit.The NSE takes its benchmarks from the much older SENSEX,but builds positions in the Nifty Fifty stocks.Goldman Sachs(GS) and NYSE Euronext(NYX) have bought stakes in the NSE.Finance crosses international boundaries very quickly now.The NSE goes where its customers go,being all electronic,Mr.Narain said.Its stocks have been down this year,but not as much as China's.