Aban Offshore Limited (ABAN) Plunges -1.87% on Jan 29

Shares of Aban Offshore Limited (NSE:ABAN) last traded at 65.55, representing a move of -1.87%, or -1.25 per share, on volume of 327,394 shares. After opening the trading day at 66.5, shares of Aban Offshore Limited traded in a close range. Aban Offshore Limited currently has a total float of 58.25 million shares and on average sees 456,281 shares exchange hands each day. The stock now has a 52-week low of 64.6 and high of 222.

Indian Economy: Moving Forward With BSE & NSE

Trade and commerce in the Asian region is richly flourishing and India is one of the biggest contributors in the transformation. The country has a valuable equity market that represents about 14% of its gross domestic product (GDP), thanks to its leading stock exchanges’ the Bombay Stock Exchange (BSE) and the National Stock Exchange of India (NSE).

The Stock Exchanges

More than half of roughly 7,800 publicly traded companies in India are listed on the BSE and the NSE combined. This means that the two stock exchanges alone make up about 4% of the Indian GDP.

The BSE is the oldest Asian stock exchange while the NSE is the first electronic stock exchange in India. That being said, it is without a doubt that both stock exchanges have a rich history that tells of India’s success. Aban Offshore Limited is a stock traded on the Indian stock exchange.

Getting to Know the BSE

Being the first stock exchange in all of Asia, the BSE is also the first to receive a permanent recognition under the Securities Contract Regu....

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