The National Stock Exchange of India (NSE) and Bombay Stock Exchange (BSE) are the two major stock exchanges in India. NSE was incorporated in 1992 in Mumbai and is the largest stock exchange in India and third largest in the world by trading volume. BSE is the oldest stock exchange in Asia, established in 1875 in Mumbai, and is the largest stock exchange in the world. Both exchanges trade stocks and securities and use various indices to track market performance, such as the SENSEX for BSE and Nifty 50 for NSE.