What does NSEL mean? What is the full form of NSEL?

The Full Form of NSEL is‍ National Spot Exchange Limited.

The National Spot Exchange Limited was India’s first electronic commodity spot exchange that was established in view of the then Prime Minister’s vision to create a “single market” across the country for both manufactured and agricultural produce

National Spot Exchange Limited (NSEL), was incorporated in May 2005 as a spot exchange for trading in commodities. Central Government by a notification dated June 7, 2007 had granted an exemption u/s 27 of the Forward Contracts Regulation Act (FCRA), to NSEL from complying with all the provisions of the FCRA subject to certain conditions. In October 2008, NSEL commenced operations providing an electronic trading platform to willing participants for spot trading of commodities, such as bullion, agricultural produce, metals, etc. Like NSE and BSE, NSEL has its registered trading members, commonly referred to as brokers, who execute commodity trades on the NSEL platform on behalf of and in accordance with the instructions of their respective clients across India. The trading operations of NSEL was suspended with effect from August 6, 2013, only after a notification dated September 19, 2014, when the Central Government withdrew the gazette notification dated June 5, 2007.