Clearing and settlement operations of NSE are carried out by

The correct answer is NSCCL.

Key Points The clearing and settlement operations of the National Stock Exchange of India (NSE) are carried out by the National Securities Clearing Corporation Limited (NSCCL).

Here's a breakdown:

NSE: This is the stock exchange platform where trading of securities takes place.
NSCCL: This is a separate entity responsible for clearing and settling the trades executed on the NSE platform. It ensures timely and efficient transfer of funds and securities between buyers and sellers.
Therefore, while the NSE facilitates trading, the NSCCL handles the crucial post-trade activities of clearing and settlement.