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{{Short description|Stock exchange in Mumbai, India}}
{{Short description|Indian stock exchange in Mumbai}}
{{Use Indian English|date=October 2018}}
{{Use Indian English|date=January 2023}}
{{Use dmy dates|date=November 2015}}
{{Use dmy dates|date=January 2023}}
{{Infobox exchange
{{Infobox exchange
|name        = BSE Ltd.
|name        = BSE Limited
|alt_name    =  
|alt_name    =  
|logo        = [[File:Bombay Stock Exchange logo.svg|175px|center|frameless]]
|logo        = BSE_logo.svg
|logo_caption =  
|logo_caption =  
|image        = BSE building at Dalal Street.JPG
|image        = BSE building at Dalal Street.JPG
|type        = [[Stock exchange]]
|type        = [[Stock exchange]]
|city        = [[Mumbai]], Maharashtra
|country      = India
|founder      = [[Premchand Roychand]] of [[BSE Ltd]]
|foundation  = {{Start date and age|1875|07|9|df=yes}}<ref>{{Cite web|last=India|first=BSE|title=Corporate profile|url=https://www.bseindia.com/downloads/Corporate_Profile.pdf|access-date=8 August 2020|archive-date=25 September 2021|archive-url=https://web.archive.org/web/20210925041127/https://www.bseindia.com/downloads/Corporate_Profile.pdf|url-status=live}}</ref>
|key_people  = {{ubl|[[Subhasis Chaudhuri]] ([[chairman]])<ref>{{cite news |title=SEBI approves Subhasis Chaudhuri's appointment as BSE governing board chairman - CNBC TV18 |url=https://www.cnbctv18.com/market/stocks/sebi-approves-subhasis-chaudhuris-appointment-as-chairman-bse-governing-board-19513376.htm |access-date=4 December 2024 |work=[[CNBC TV18]] |date=22 November 2024 |language=en}}</ref>}}
{{ubl|Sundararaman Ramamurthy <br />([[Managing Director|MD]] and [[Chief Executive Officer|CEO]])<ref>{{cite web |url= https://www.bseindia.com/static/about/boardofdirectors_new.aspx |title= bse bod |access-date= 11 January 2023 |archive-date= 11 January 2023 |archive-url= https://web.archive.org/web/20230111193659/https://www.bseindia.com/static/about/boardofdirectors_new.aspx |url-status= live }}</ref>}}
|currency    = [[Indian rupee]] ({{INR}})
|listings    = 5,647<ref>{{cite web |title=All India Market Capitalisation {{!}} BSE Listed stocks Market Capitalisation |url=https://www.bseindia.com/markets/equity/EQReports/allindiamktcap.aspx |publisher=BSE |access-date=2 October 2024}}</ref>
|mcap        = {{nowrap|{{INRConvert|461|lc|lk=r|year=2025}}}} (27 June 2025)<ref>{{cite web |title=All India Market Capitalisation {{!}} BSE Listed stocks Market Capitalisation |url=https://www.bseindia.com/markets/equity/EQReports/allindiamktcap.aspx |publisher=BSE |access-date=20 May 2025}}</ref>
|indexes      = {{ubl|[[BSE SENSEX]] | BSE 100 | BSE 500 |BSE MidCap| BSE SmallCap<ref>{{cite news |title=BSE relaunches Sensex, Bankex derivative contracts |url=https://economictimes.indiatimes.com/markets/stocks/news/bse-relaunches-sensex-bankex-derivative-contracts/articleshow/100244324.cms |work=The Economic Times |date=15 May 2023 |language=en}}</ref>}}
|homepage    =
|footnotes    =
|image_caption= Corporate headquarters in Mumbai
|module      = {{Infobox company|embed=yes|
|traded_as    = {{NSE|BSE}}
|traded_as    = {{NSE|BSE}}
|ISIN = INE118H01017
|ISIN        = {{ISIN|sl=n|pl=y|INE118H01017}}
|city         = [[Mumbai]]
|revenue    = {{up}} {{INRconvert|3236|c}} (2025)
|country      = [[India]]
|profit     = {{up}} {{INRconvert|1322|c}} (2025)
|foundation  = {{Start date and age|9 July 1875|df=yes}}<ref>{{Cite web|last=India|first=BSE|title=Corporate profile|url=https://www.bseindia.com/downloads/Corporate_Profile.pdf}}</ref>
|footnotes = Financials {{as of|2025|03|31|lc=y|df=yes}}.<ref>{{cite web |title=Investor Presentation FY25 |url=https://www.bseindia.com/downloads1/8f3a3685-8a16-47e3-a373-8b8702c946bc.pdf |publisher=BSE |access-date=25 June 2025}}</ref>
|key_people  = {{ubl|Just. [[SS Mundra]]<br />{{small|([[Chairman]])}}<ref>{{cite web|url=https://www.bseindia.com/static/about/boardofdirectors.aspx|title=bse bod}}</ref> |[[Ashish Chauhan]] <br />{{small|([[Chief executive officer|MD & CEO]])}} }}
}}
|currency     = [[Indian rupee]] ({{INR}})
|coordinates={{coord|18.929681|N|72.833589|E|region:IN-MH_type:landmark}}}}
|listings    = 5,439<ref name="WFE">{{cite web|url=https://www.world-exchanges.org/home/index.php/monthly-reports-tool|title=Monthly Reports - World Federation of Exchanges|publisher=WFE}}</ref>
|mcap        = {{INRConvert|276.713|lc|lk=on}} (Jan 2022)<ref>{{cite web |title=BSE (formerly Bombay Stock Exchange) - LIVE stock/share market updates from Asia's premier stock exchange. Get all the current stock/share market news; real-time information to investors on S&P BSE SENSEX, stock quotes, indices, derivatives and corporate announcements |url=https://www.bseindia.com/ |website=www.bseindia.com |access-date=6 Sep 2021 |language=en}}</ref>
|indexes      = [[BSE SENSEX]]<br />S&P BSE SmallCap<br />S&P BSE MidCap<br />S&P BSE LargeCap<br />BSE 500
|homepage    = [https://www.bseindia.com/ bseindia.com]
|footnotes    =
|image_caption=The corporate headquarters of BSE on Dalal Street.}}


'''BSE Limited''', also known as the '''Bombay Stock Exchange''' ('''BSE'''), is an Indian [[stock exchange]] located on [[Dalal Street]] in [[Mumbai]]. Established in 1875 by cotton merchant [[Premchand Roychand]], a Rajasthani Jain businessman,<ref name="bseindia.com">{{cite web|url=http://www.bseindia.com/static/about/introduction.aspx?expandable=0|title=BSE-Introduction|website=bseindia.com|access-date=31 January 2018|archive-url=https://web.archive.org/web/20180131201340/http://www.bseindia.com/static/about/introduction.aspx?expandable=0|archive-date=31 January 2018|url-status=dead}}</ref> it is the oldest stock exchange in [[Asia]],<ref name="Rawal2015">{{cite book|author=Dr.Priya Rawal|title=Indian Stock Market and Investors Strategy|url=https://books.google.com/books?id=xLsoCAAAQBAJ&pg=PA12|date=16 April 2015|publisher=Dr.Priya Rawal|isbn=978-1-5053-5668-7|pages=12–}}</ref> and also the tenth oldest in the world.<ref>{{Cite web|url=https://www.oldest.org/technology/stock-exchanges/|archive-url=https://web.archive.org/web/20210304212435/https://www.oldest.org/technology/stock-exchanges/|archive-date=4 March 2021|title=10 Oldest Stock Exchanges in the World|date=10 September 2020}}</ref> The BSE is the [[List of stock exchanges|8th largest stock exchange]] with an overall [[Market capitalization|market capitalisation]] of more than ₹276.713 [[lakh]] [[crore]], as of January 2022.<ref name="WFE"/>
'''BSE Limited''', also known as the '''Bombay Stock Exchange''' ('''BSE'''), is an Indian [[stock exchange]] based in [[Mumbai]]. Established in 1875, it is the oldest stock exchange in Asia, and also the tenth oldest in the world. It is the [[List of stock exchanges|6th largest stock exchange]] in the world by total [[market capitalisation]], exceeding $5 trillion in May 2024.<ref name="WFE">{{cite web|url=https://www.world-exchanges.org/home/index.php/monthly-reports-tool|title=Monthly Reports - World Federation of Exchanges|publisher=WFE|access-date=21 May 2018|archive-date=11 January 2023|archive-url=https://web.archive.org/web/20230111193701/https://www.world-exchanges.org/our-work/statistics|url-status=live}}</ref><ref name="bseindia.com">{{cite web |title=BSE-Introduction |url=http://www.bseindia.com/static/about/introduction.aspx?expandable=0 |url-status=dead |archive-url=https://web.archive.org/web/20180131201340/http://www.bseindia.com/static/about/introduction.aspx?expandable=0 |archive-date=31 January 2018 |access-date=31 January 2018 |website=bseindia.com}}</ref><ref name="Rawal2015">{{cite book |author=Priya Rawal |url=https://books.google.com/books?id=xLsoCAAAQBAJ&pg=PA12 |title=Indian Stock Market and Investors Strategy |date=16 April 2015 |publisher=Priya Rawal |isbn=978-1-5053-5668-7 |pages=12– |access-date=23 November 2018 |archive-url=https://web.archive.org/web/20230111193659/https://books.google.com/books?id=xLsoCAAAQBAJ&pg=PA12 |archive-date=11 January 2023 |url-status=live}}</ref><ref>{{Cite web |date=10 September 2020 |title=10 Oldest Stock Exchanges in the World |url=https://www.oldest.org/technology/stock-exchanges/ |url-status=live |archive-url=https://web.archive.org/web/20210304212435/https://www.oldest.org/technology/stock-exchanges/ |archive-date=4 March 2021}}</ref>


==History==
==History==
Bombay Stock Exchange was started by Premchand Roychand in 1875.<ref>{{cite news |title=BSE may set another record, become an official tourist spot |url=https://www.newindianexpress.com/cities/mumbai/2017/oct/06/bse-may-set-another-record-become-an-official-tourist-spot-1667426.html |access-date=4 November 2021 |work=[[The New Indian Express]] |agency=[[Press Trust of India]] |date=6 October 2017}}</ref> While BSE Limited is now synonymous with Dalal Street, it was not always so. In the 1850s, five stock brokers gathered together under a Banyan tree in front of Mumbai Town Hall, where Horniman Circle is now situated.<ref>{{cite web |title=THE PROFILE OF BOMBAY STOCK EXCHANGE LIMITED |url=https://www.researchgate.net/publication/289504506}}</ref> A decade later, the brokers moved their location to another leafy setting, this time under banyan trees at the junction of Meadows Street and what was then called Esplanade Road, now Mahatma Gandhi Road. With a rapid increase in the number of brokers, they had to shift places repeatedly. At last, in 1874, the brokers found a permanent location, the one that they could call their own. The brokers group became an official organization known as "The Native Share & Stock Brokers Association" in 1875.<ref>{{cite web |title=The History of Bombay Stock Exchange |url=https://www.youtube.com/watch?v=oDkiJcRWvRQ| archive-url=https://ghostarchive.org/varchive/youtube/20211030/oDkiJcRWvRQ| archive-date=2021-10-30}}{{cbignore}}</ref>
[[File:Bombay Stock Exchange logo.svg|thumb|Bombay Stock Exchange logo used until June 2023]]
 
Bombay Stock Exchange was founded by a [[Jain]] businessman [[Premchand Roychand]] in 1875.<ref>{{cite news |title=BSE may set another record, become an official tourist spot |url=https://www.newindianexpress.com/cities/mumbai/2017/oct/06/bse-may-set-another-record-become-an-official-tourist-spot-1667426.html |access-date=4 November 2021 |work=[[The New Indian Express]] |agency=[[Press Trust of India]] |date=6 October 2017 |archive-date=4 November 2021 |archive-url=https://web.archive.org/web/20211104151832/https://www.newindianexpress.com/cities/mumbai/2017/oct/06/bse-may-set-another-record-become-an-official-tourist-spot-1667426.html |url-status=live }}</ref> While BSE Limited is now synonymous with [[Dalal Street]], it was not always so. In the 1850s, four [[Gujarati people|Gujarati]] and one [[Parsis|Parsi]] stockbroker gathered together under a [[banyan]] tree in front of Bombay (now Mumbai) Town Hall, where Horniman Circle is now situated.<ref name="bseindia.com" /><ref>{{Cite web|url=https://www.researchgate.net/publication/289504506|title=The Profile of the Bombay Stock Exchange Limited}}</ref> A decade later, the brokers moved their location to under the banyan trees at the junction of Meadows Street and what was then called Esplanade Road, now MG Road. With a rapid increase in the number of brokers, they had to shift places repeatedly. At last, in 1874, the brokers found a permanent location, the one that they could call their own. The brokers group became an official organisation known as "The Native Share & Stock Brokers Association" in 1875.<ref>{{cite web |title=The History of Bombay Stock Exchange | date=11 September 2014 | via=[[YouTube]] |url=https://www.youtube.com/watch?v=oDkiJcRWvRQ| archive-url=https://ghostarchive.org/varchive/youtube/20211030/oDkiJcRWvRQ| archive-date=2021-10-30}}{{cbignore}}</ref>
The Bombay Stock Exchange continued to operate out of a building near the [[Asiatic Society of Bombay|Town Hall]] until 1928. The present site near [[Horniman Circle Gardens|Horniman Circle]] was acquired by the exchange in 1928, and a building was constructed and occupied in 1930. The street on which the site is located came to be called ''Dalal Street'' in Hindi (meaning "Broker Street") due to the location of the exchange.


On 31 August 1957, the BSE became the first stock exchange to be recognized by the [[Indian Government]] under the Securities Contracts Regulation Act. Construction of the present building, the [[Phiroze Jeejeebhoy Towers]] at [[Dalal Street]], [[Fort (Mumbai precinct)|Fort area]], began in the late 1970s and was completed and occupied by the BSE in 1980. Initially named the ''BSE Towers'', the name of the building was changed soon after occupation, in memory of Sir [[Phiroze Jamshedji Jeejeebhoy]], chairman of the BSE since 1966, following his death.
In 1956, the BSE became the first stock exchange to be recognised by the [[Second Nehru ministry|Indian Government]] under the Securities Contracts Regulation Act.<ref name="q723">{{cite book | last=Pradhan | first=Rudra Prakash | title=Forecasting Financial Markets in India | publisher=Allied Publishers | date=2009 | isbn=978-81-8424-426-7 | url=https://books.google.com/books?id=D_8eoSMaD8cC&pg=PA54&dq | page=54}}</ref>


In 1986, the BSE developed the S&P [[BSE SENSEX]] index, giving the BSE a means to measure the overall performance of the exchange. In 2000, the BSE used this index to open its derivatives market, trading S&P BSE SENSEX futures contracts. The development of S&P BSE SENSEX options along with equity derivatives followed in 2001 and 2002, expanding the BSE's trading platform.
The BSE is also a Partner Exchange of the [[Sustainable Stock Exchanges Initiative|United Nations Sustainable Stock Exchange initiative]], joining in September 2012.<ref>{{cite web|title=Bombay Stock Exchange (BSE) commits to promoting sustainability|url=http://unctad.org/en/pages/newsdetails.aspx?OriginalVersionID=310&Sitemap_x0020_Taxonomy=ISAR%20-%20Corporate%20Transparency%20-%20Accounting;#6;|work=UNCTAD| date=28 September 2012 |access-date=2016-04-29|archive-date=2 April 2015|archive-url=https://web.archive.org/web/20150402104057/http://unctad.org/en/pages/newsdetails.aspx?OriginalVersionID=310&Sitemap_x0020_Taxonomy=ISAR%20-%20Corporate%20Transparency%20-%20Accounting;#6;|url-status=live}}</ref>


On 12 March 1993, a car bomb exploded in the basement of the building during the [[1993 Bombay bombings]].<ref>{{Cite news|url=http://www.news18.com/news/india/the-1993-mumbai-blasts-what-exactly-happened-on-march-12-that-year-598045.html|title=The 1993 Mumbai Blasts: What Exactly Happened on March 12 That Year|work=News18|access-date=16 October 2017}}</ref>
BSE established the [[India International Exchange]] (India INX) on 30th December 2016. India INX, based out of [[GIFT City]], is the first international stock exchange of India.<ref>{{cite web|url=http://www.indiainx.com/static/about.aspx|title=India INX|website=indiainx.com|access-date=15 March 2018|archive-date=18 October 2018|archive-url=https://web.archive.org/web/20181018051133/http://www.indiainx.com/static/about.aspx|url-status=live}}</ref>  


Historically an open outcry floor trading exchange, the Bombay Stock Exchange switched to an electronic trading system developed by [[Cmc ltd]]. in 1995. It took the exchange only 50 days to make this transition. This automated, [[screen-based trading]] platform called BSE On-Line Trading (BOLT) had a capacity of 8 million orders per day. Now BSE has raised capital by issuing shares and as on 3 May 2017 the BSE share which is traded in NSE only closed with ₹999.<ref>{{cite web |url=http://www.bseindia.com/about/tech.asp |title=BSEIndia |publisher=BSEIndia |access-date=28 July 2010 |url-status=dead |archive-url=https://web.archive.org/web/20140122172626/http://www.bseindia.com/about/tech.asp |archive-date=22 January 2014 |df=dmy-all }}</ref>
BSE became the first stock exchange in the country to launch commodity derivatives contract in gold and silver in October 2018.<ref>{{cite web|url=https://www.thehindubusinessline.com/markets/bse-launches-commodity-derivative-contracts-in-gold-silver/article25095987.ece|title=India thehindubusinessline|website=Business Line|date=October 2018 |access-date=25 October 2018|archive-date=27 July 2020|archive-url=https://web.archive.org/web/20200727013230/https://www.thehindubusinessline.com/markets/bse-launches-commodity-derivative-contracts-in-gold-silver/article25095987.ece|url-status=live}}</ref>  


The BSE is also a Partner Exchange of the [[Sustainable Stock Exchanges Initiative|United Nations Sustainable Stock Exchange initiative]], joining in September 2012.<ref>{{cite web|title=Bombay Stock Exchange (BSE) commits to promoting sustainability|url=http://unctad.org/en/pages/newsdetails.aspx?OriginalVersionID=310&Sitemap_x0020_Taxonomy=ISAR%20-%20Corporate%20Transparency%20-%20Accounting;#6;#Investment|work=UNCTAD|access-date=2016-04-29}}</ref>
BSE was [[demutualised]] and corporatised on 19 May 2007, pursuant to the ''BSE (Corporatisation and Demutualisation) Scheme, 2005'' notified by [[Securities and Exchange Board of India|SEBI]].<ref>{{cite news |title=BSE demutualisation complete |newspaper=Business Standard India |url=https://www.business-standard.com/article/markets/bse-demutualisation-complete-107051901004_1.html |access-date=27 November 2022 |date=14 June 2013 |archive-date=27 November 2022 |archive-url=https://web.archive.org/web/20221127070222/https://www.business-standard.com/article/markets/bse-demutualisation-complete-107051901004_1.html |url-status=live }}</ref><ref>{{cite web |title=Order in respect of BSE (Corporatisation and Demutualisation) Scheme, 2005 |url=https://www.sebi.gov.in/enforcement/orders/may-2005/order-in-respect-of-bse-corporatisation-and-demutualisation-scheme-2005_10748.html |website=sebi.gov.in |access-date=27 November 2022 |archive-date=27 November 2022 |archive-url=https://web.archive.org/web/20221127070229/https://www.sebi.gov.in/enforcement/orders/may-2005/order-in-respect-of-bse-corporatisation-and-demutualisation-scheme-2005_10748.html |url-status=live }}</ref>


BSE established India INX on 30 December 2016. India INX is the first international exchange of India.<ref>{{cite web|url=http://www.indiainx.com/static/about.aspx|title=India INX|website=indiainx.com}}</ref>
BSE Limited listed on the [[National Stock Exchange of India|National Stock Exchange]] (NSE) on 3 February 2017 under the [[ticker symbol]] of "BSE".<ref>{{cite web |title=BSE to list on NSE on 3 February |url=https://www.livemint.com/Money/YkU9l96zXEAC2FiRGXZpYJ/BSE-to-list-on-NSE-on-3-February.html |website=Livemint |access-date=27 November 2022 |date=29 January 2017 |archive-date=27 November 2022 |archive-url=https://web.archive.org/web/20221127070222/https://www.livemint.com/Money/YkU9l96zXEAC2FiRGXZpYJ/BSE-to-list-on-NSE-on-3-February.html |url-status=live }}</ref><ref>{{cite web |author1=Manu Balachandran |title=142 years after taking roots under a banyan, Asia's oldest stock exchange hits the capital market today |url=https://qz.com/india/886214/bse-ipo-142-years-after-taking-roots-under-a-banyan-asias-oldest-stock-exchange-hits-the-capital-market-today |work=[[Quartz (publication)|Quartz]]|access-date=27 November 2022 |date=22 January 2017 |archive-date=27 November 2022 |archive-url=https://web.archive.org/web/20221127070222/https://qz.com/india/886214/bse-ipo-142-years-after-taking-roots-under-a-banyan-asias-oldest-stock-exchange-hits-the-capital-market-today |url-status=live }}</ref>{{efn-la|SEBI Regulation 45(1) of Securities Contracts (Regulation) (Stock Exchanges and Clearing Corporations) Regulations, 2018 prohibits self-listing of a stock exchange in India.<ref>{{cite web |title=Securities Contracts (Regulation) (Stock Exchanges and Clearing Corporations) Regulations, 2018 [Last amended on June 04, 2019] |url=https://www.sebi.gov.in/legal/regulations/oct-2018/securities-contracts-regulation-stock-exchanges-and-clearing-corporations-regulations-2018-last-amended-on-june-04-2019-_40623.html |website=sebi.gov.in |access-date=27 November 2022 |archive-date=11 January 2023 |archive-url=https://web.archive.org/web/20230111193729/https://www.sebi.gov.in/legal/regulations/oct-2018/securities-contracts-regulation-stock-exchanges-and-clearing-corporations-regulations-2018-last-amended-on-june-04-2019-_40623.html |url-status=live }}</ref>}}


BSE launches commodity derivatives contract in gold and silver.<ref>{{cite web|url=https://www.thehindubusinessline.com/markets/bse-launches-commodity-derivative-contracts-in-gold-silver/article25095987.ece|title=India thehindubusinessline|website=Business Line}}</ref>
==Criticism and controversies==
[[File:S&P BSE 500 (1999 to 2020).png|center|thumb|850x850px|Bombay Stock Exchange from 1999 to 2020 (Indices S&P BSE 500)]]
{{See also|1992 Indian stock market scam}}
BSE has witnessed several high-profile market manipulation scandals.<ref>{{cite news | url=https://economictimes.indiatimes.com/markets/stocks/news/how-indias-trading-queen-and-mystery-guru-engulfed-nse-in-scandal/articleshow/90343226.cms?from=mdr | title=How India's trading queen and mystery guru engulfed NSE in scandal | newspaper=The Economic Times }}</ref><ref>{{cite news | url=https://economictimes.indiatimes.com/markets/stocks/news/the-fall-of-nse-corruption-or-hubris/articleshow/69154289.cms | title=The fall of NSE: Corruption or hubris? | newspaper=The Economic Times | last1=Rangan | first1=MC Govardhana }}</ref><ref>{{cite news | url=https://www.reuters.com/article/idINIndia-53153120101125 | title=BSE Sensex drops as corruption scandal weighs | work=Reuters | date=25 November 2010 }}</ref><ref>{{cite web | url=https://www.businesstoday.in/latest/corporate/story/sebi-penalises-bse-nse-for-laxity-in-karvy-fraud-case-329647-2022-04-13 | title=SEBI penalises BSE, NSE for 'laxity' in Karvy fraud case | date=13 April 2022 }}</ref><ref>{{cite news | url=https://www.business-standard.com/article/markets/trading-queen-and-mystery-guru-strange-tale-engulfs-nse-in-scandal-122032100123_1.html | title=Trading 'queen' and mystery guru: Strange tale engulfs NSE in scandal | newspaper=Business Standard India | date=21 March 2022 }}</ref> At times, the [[Securities and Exchange Board of India]] (SEBI) has barred several individuals and entities from trading on the exchanges for [[insider trading]] and [[Market manipulation|stock manipulation]], especially in [[Market liquidity|illiquid]] [[small cap company|small-caps]] and [[penny stocks]].<ref>{{cite web |last1=Sreedhar |first1=Vidya |title=Rs 144 crore wrongful profit! Sebi finds stock manipulation in 5 smallcaps |url=https://economictimes.indiatimes.com/markets/stocks/news/sebi-bars-135-entities-from-market-on-alleged-share-manipulation-in-5-smallcaps/articleshow/101167757.cms |website=The Economic Times |access-date=24 August 2023 |date=21 June 2023}}</ref><ref>{{cite news |title=Sebi ban pinches penny stocks |url=https://www.business-standard.com/article/markets/sebi-ban-pinches-penny-stocks-105102601049_1.html |access-date=24 August 2023 |work=Business Standard}}</ref><ref>{{cite news |title=SEBI Cracks Down on Misuse of Penny Stocks |url=https://thewire.in/business/penny-stocks-bogus-claims-sebi |access-date=24 August 2023 |work=The Wire}}</ref><ref>{{cite news |title=I-T Department, SEBI begin crackdown on penny stock firms in PMO-led push |url=https://www.moneycontrol.com/news/business/markets/i-t-department-sebi-begin-crackdown-on-penny-stock-firms-in-pmo-led-push-2442315.html |access-date=24 August 2023 |work=Moneycontrol |date=20 November 2017 |language=en}}</ref>


== Technologies ==
The BSE faced criticism during the early 2000s for delayed technology upgrades, which contributed to its competitor NSE gaining market dominance in [[electronic trading]]. In 2013, market participants raised concerns over alleged preferential access to BSE's trading systems, prompting calls for improved transparency and oversight, though no regulatory action followed.<ref>{{cite news |title=Preferential access? A look into how NSE got ahead in tech race |url=https://www.business-standard.com/article/markets/preferential-access-a-look-into-how-nse-got-ahead-in-tech-race-117021000058_1.html |work=Business Standard |date=10 February 2017 |access-date=14 June 2025}}</ref>
BSE is Asia's first and the Fastest Stock Exchange in world with the speed of 6 micro seconds and one of India's leading exchange groups. In 2013, BSE upgraded its technology platform to Bolt Plus, which is based on the business architecture of global giant Deutsche Börse.<ref>{{cite news |title=BSE becomes world's fastest stock exchange: Ashishkumar Chauhan |url=https://economictimes.com/markets/stocks/news/bse-becomes-worlds-fastest-stock-exchange-ashishkumar-chauhan/articleshow/49342664.cms |access-date=28 May 2021 |work=The Economic Times}}</ref>
==In the media==
The Mumbai based video game [[Mumbai Gullies]] is expected to feature the Bombay Stock Exchange in the fictional map.<ref>{{Cite web|date=2020-11-27|title=WHAT IS MUMBAI GULLIES?|url=https://gameeon.in/what-is-mumbai-gullies/|access-date=2021-09-18|website=GameEon|language=en-US}}</ref><ref>{{Cite web|last=January 2021|first=Bodhisatwa Ray 19|date=2021-01-19|title=Mumbai Gullies, a GTA styled game from an Indian developer, set to launch soon|url=https://www.techradar.com/news/mumbai-gullies-a-gta-styled-game-from-an-indian-developer-set-to-launch-soon|access-date=2021-09-18|website=TechRadar|language=en}}</ref>


== See also ==
== See also ==
{{div col|small=yes}}
* [[Economy of India]]
* [[List of stock exchanges]]
* [[National Stock Exchange of India]]
* [[National Stock Exchange of India]]
* [[List of South Asian stock exchanges]]
* [[Stock market crashes in India]]
* [[List of stock exchanges in the Commonwealth of Nations]]
* [[Mutual funds in India]]
* [[SEBI]]
* [[Muhurat trading]]
* [[Clause 49]]
* [[Securities and Exchange Board of India]]
{{Div col end}}


==References==
==References==
{{Reflist}}
===Notes===
{{notelist|2}}
 
===Citations===
{{Reflist|30em}}
 
==Further reading==
{{Refbegin|30em}}
* {{cite book|title=BSE: Journey of an Aspiring Nation|author=Kochhar, S.|isbn=978-8-1929-1725-2|year=2015|publisher=Skoch Media}}
* {{cite book|title=Efficiency of BSE Sectoral Indices in India: A Study with Special Reference to Bombay Stock Exchange Ltd in India|author=Ramkumar, R.R. and Selvam, M.|isbn=978-3-6592-1130-0|year=2014|publisher=Lap Lambert Academic Publishing GmbH KG}}
* {{cite book|title=Stock Market Volatility in India|author=Kaur, H.|isbn=978-8-1762-9361-7|year=2002|publisher=Deep & Deep Publications }}
* {{cite book|title=The Scam: Who Won, who Lost, who Got Away|author=Basu, D. and Dalal, S.|isbn=978-8-1859-4410-4|lccn=93902443|year=1993|publisher=UBS Publishers' Distributors}}
* {{cite book|title=Indian Stock Market: An Empirical Analysis of Informational Efficiency|author=Hiremath, G.S.|  isbn=978-8-1322-1590-5|lccn=2013946889|year=2013|publisher=[[Springer Science+Business Media|Springer India]]}}
* {{cite book|title=Rethinking the BSE Crisis: A Study of Scientific Reasoning under Uncertainty|author=Cummings, L.|
  isbn=978-9-4017-8491-7|year=2014|publisher=Springer Netherlands }}
* Razdan, A. Scaling in the bombay stock exchange index. Pramana - J Phys 58, 537–544 (2002). {{doi|10.1007/s12043-002-0063-y}}
* Goel, A., Tripathi, V. and Agarwal, M. (2021), "Market microstructure: a comparative study of Bombay stock exchange and national stock exchange", Journal of Advances in Management Research, Vol. 18 No. 3, pp.&nbsp;414–442. {{doi|10.1108/JAMR-06-2020-0109}}
* Krishnamurti, Chandrasekhar and Eleswarapu, Venkat R., Liquidity, Stock Returns and Ownership Structure - An Empirical Study of the Bombay Stock Exchange (March 31, 1994). [[IIM Bangalore]] Research Paper No. 65, Available at {{SSRN|2181543}} or {{doi|10.2139/ssrn.2181543}}
* Sumon Kumar Bhaumik. “Stock Index Futures in India: Does the Market Justify Its Use?” [[Economic and Political Weekly]], vol. 32, no. 41, 1997, pp.&nbsp;2608–11. {{JSTOR|4405950}}. Retrieved 13 Feb. 2024.
* Ganeshaiah, K. N. “Has the Behaviour of the Stock Market Been Affected by the Scam? — A Statistical Analysis.” [[Current Science]], vol. 63, no. 7, 1992, pp.&nbsp;345–47. {{JSTOR|24095453}}. Retrieved 13 Feb. 2024.
* {{cite book|title=Bulls, Bears and Other Beasts (5th Anniversary Edition): A Story of the Indian Stock Market|author=Nair, S.|isbn=978-9-3907-4257-8|year=2021|publisher=Pan Macmillan}}
{{Refend}}


==External links==
==External links==
{{Commons category|Bombay Stock Exchange}}
{{Commons category|Bombay Stock Exchange}}
* {{official website|http://www.bseindia.com/}}
* {{official website|http://www.bseindia.com/}}


{{Stock exchanges in India}}
{{Navboxes
|title= Articles related to Bombay Stock Exchange
|list1=
{{Financial services in India}}
{{Financial services in India}}
{{Stock exchanges in India}}
{{Stock exchanges top 18}}
{{Stock exchanges top 18}}
{{World Federation of Exchanges}}
{{World Federation of Exchanges}}
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{{Mumbai topics}}
{{Mumbai topics}}
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{{Authority control}}


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[[Category:Financial services companies based in Mumbai]]
[[Category:Financial services companies based in Mumbai]]
[[Category:Indian companies established in 1875]]
[[Category:Indian companies established in 1875]]
[[Category:Companies listed on the National Stock Exchange of India]]
[[Category:2017 initial public offerings]]

Latest revision as of 17:11, 17 January 2026


BSE Limited
Corporate headquarters in Mumbai
TypeStock exchange
LocationMumbai, Maharashtra, India
Coordinates18°55′47″N 72°50′01″E / 18.929681°N 72.833589°E / 18.929681; 72.833589
Founded9 July 1875; 151 years ago (1875-07-09)[1]
Key people
CurrencyIndian rupee (₹)
No. of listings5,647[4]
Market cap₹461 lakh crore (US$6.5 trillion) (27 June 2025)[5]
Indices

BSE Limited, also known as the Bombay Stock Exchange (BSE), is an Indian stock exchange based in Mumbai. Established in 1875, it is the oldest stock exchange in Asia, and also the tenth oldest in the world. It is the 6th largest stock exchange in the world by total market capitalisation, exceeding $5 trillion in May 2024.[8][9][10][11]

History[edit | edit source]

Bombay Stock Exchange logo used until June 2023

Bombay Stock Exchange was founded by a Jain businessman Premchand Roychand in 1875.[12] While BSE Limited is now synonymous with Dalal Street, it was not always so. In the 1850s, four Gujarati and one Parsi stockbroker gathered together under a banyan tree in front of Bombay (now Mumbai) Town Hall, where Horniman Circle is now situated.[9][13] A decade later, the brokers moved their location to under the banyan trees at the junction of Meadows Street and what was then called Esplanade Road, now MG Road. With a rapid increase in the number of brokers, they had to shift places repeatedly. At last, in 1874, the brokers found a permanent location, the one that they could call their own. The brokers group became an official organisation known as "The Native Share & Stock Brokers Association" in 1875.[14]

In 1956, the BSE became the first stock exchange to be recognised by the Indian Government under the Securities Contracts Regulation Act.[15]

The BSE is also a Partner Exchange of the United Nations Sustainable Stock Exchange initiative, joining in September 2012.[16]

BSE established the India International Exchange (India INX) on 30th December 2016. India INX, based out of GIFT City, is the first international stock exchange of India.[17]

BSE became the first stock exchange in the country to launch commodity derivatives contract in gold and silver in October 2018.[18]

BSE was demutualised and corporatised on 19 May 2007, pursuant to the BSE (Corporatisation and Demutualisation) Scheme, 2005 notified by SEBI.[19][20]

BSE Limited listed on the National Stock Exchange (NSE) on 3 February 2017 under the ticker symbol of "BSE".[21][22][lower-alpha 1]

Criticism and controversies[edit | edit source]

See also: 1992 Indian stock market scam

BSE has witnessed several high-profile market manipulation scandals.[24][25][26][27][28] At times, the Securities and Exchange Board of India (SEBI) has barred several individuals and entities from trading on the exchanges for insider trading and stock manipulation, especially in illiquid small-caps and penny stocks.[29][30][31][32]

The BSE faced criticism during the early 2000s for delayed technology upgrades, which contributed to its competitor NSE gaining market dominance in electronic trading. In 2013, market participants raised concerns over alleged preferential access to BSE's trading systems, prompting calls for improved transparency and oversight, though no regulatory action followed.[33]

See also[edit | edit source]

References[edit | edit source]

Notes[edit | edit source]

  1. ↑ SEBI Regulation 45(1) of Securities Contracts (Regulation) (Stock Exchanges and Clearing Corporations) Regulations, 2018 prohibits self-listing of a stock exchange in India.[23]

Citations[edit | edit source]

  1. ↑ India, BSE. "Corporate profile" (PDF). Archived (PDF) from the original on 25 September 2021. Retrieved 8 August 2020.
  2. ↑ "SEBI approves Subhasis Chaudhuri's appointment as BSE governing board chairman - CNBC TV18". CNBC TV18. 22 November 2024. Retrieved 4 December 2024.
  3. ↑ "bse bod". Archived from the original on 11 January 2023. Retrieved 11 January 2023.
  4. ↑ "All India Market Capitalisation | BSE Listed stocks Market Capitalisation". BSE. Retrieved 2 October 2024.
  5. ↑ "All India Market Capitalisation | BSE Listed stocks Market Capitalisation". BSE. Retrieved 20 May 2025.
  6. ↑ "BSE relaunches Sensex, Bankex derivative contracts". The Economic Times. 15 May 2023.
  7. ↑ "Investor Presentation FY25" (PDF). BSE. Retrieved 25 June 2025.
  8. ↑ "Monthly Reports - World Federation of Exchanges". WFE. Archived from the original on 11 January 2023. Retrieved 21 May 2018.
  9. ↑ 9.0 9.1 "BSE-Introduction". bseindia.com. Archived from the original on 31 January 2018. Retrieved 31 January 2018.
  10. ↑ Priya Rawal (16 April 2015). Indian Stock Market and Investors Strategy. Priya Rawal. pp. 12–. ISBN 978-1-5053-5668-7. Archived from the original on 11 January 2023. Retrieved 23 November 2018.
  11. ↑ "10 Oldest Stock Exchanges in the World". 10 September 2020. Archived from the original on 4 March 2021.
  12. ↑ "BSE may set another record, become an official tourist spot". The New Indian Express. Press Trust of India. 6 October 2017. Archived from the original on 4 November 2021. Retrieved 4 November 2021.
  13. ↑ "The Profile of the Bombay Stock Exchange Limited".
  14. ↑ "The History of Bombay Stock Exchange". 11 September 2014. Archived from the original on 30 October 2021 – via YouTube.
  15. ↑ Pradhan, Rudra Prakash (2009). Forecasting Financial Markets in India. Allied Publishers. p. 54. ISBN 978-81-8424-426-7.
  16. ↑ "Bombay Stock Exchange (BSE) commits to promoting sustainability". UNCTAD. 28 September 2012. Archived from the original on 2 April 2015. Retrieved 29 April 2016.
  17. ↑ "India INX". indiainx.com. Archived from the original on 18 October 2018. Retrieved 15 March 2018.
  18. ↑ "India thehindubusinessline". Business Line. October 2018. Archived from the original on 27 July 2020. Retrieved 25 October 2018.
  19. ↑ "BSE demutualisation complete". Business Standard India. 14 June 2013. Archived from the original on 27 November 2022. Retrieved 27 November 2022.
  20. ↑ "Order in respect of BSE (Corporatisation and Demutualisation) Scheme, 2005". sebi.gov.in. Archived from the original on 27 November 2022. Retrieved 27 November 2022.
  21. ↑ "BSE to list on NSE on 3 February". Livemint. 29 January 2017. Archived from the original on 27 November 2022. Retrieved 27 November 2022.
  22. ↑ Manu Balachandran (22 January 2017). "142 years after taking roots under a banyan, Asia's oldest stock exchange hits the capital market today". Quartz. Archived from the original on 27 November 2022. Retrieved 27 November 2022.
  23. ↑ "Securities Contracts (Regulation) (Stock Exchanges and Clearing Corporations) Regulations, 2018 [Last amended on June 04, 2019]". sebi.gov.in. Archived from the original on 11 January 2023. Retrieved 27 November 2022.
  24. ↑ "How India's trading queen and mystery guru engulfed NSE in scandal". The Economic Times.
  25. ↑ Rangan, MC Govardhana. "The fall of NSE: Corruption or hubris?". The Economic Times.
  26. ↑ "BSE Sensex drops as corruption scandal weighs". Reuters. 25 November 2010.
  27. ↑ "SEBI penalises BSE, NSE for 'laxity' in Karvy fraud case". 13 April 2022.
  28. ↑ "Trading 'queen' and mystery guru: Strange tale engulfs NSE in scandal". Business Standard India. 21 March 2022.
  29. ↑ Sreedhar, Vidya (21 June 2023). "Rs 144 crore wrongful profit! Sebi finds stock manipulation in 5 smallcaps". The Economic Times. Retrieved 24 August 2023.
  30. ↑ "Sebi ban pinches penny stocks". Business Standard. Retrieved 24 August 2023.
  31. ↑ "SEBI Cracks Down on Misuse of Penny Stocks". The Wire. Retrieved 24 August 2023.
  32. ↑ "I-T Department, SEBI begin crackdown on penny stock firms in PMO-led push". Moneycontrol. 20 November 2017. Retrieved 24 August 2023.
  33. ↑ "Preferential access? A look into how NSE got ahead in tech race". Business Standard. 10 February 2017. Retrieved 14 June 2025.

Further reading[edit | edit source]

  • Kochhar, S. (2015). BSE: Journey of an Aspiring Nation. Skoch Media. ISBN 978-8-1929-1725-2.
  • Ramkumar, R.R. and Selvam, M. (2014). Efficiency of BSE Sectoral Indices in India: A Study with Special Reference to Bombay Stock Exchange Ltd in India. Lap Lambert Academic Publishing GmbH KG. ISBN 978-3-6592-1130-0.{{cite book}}: CS1 maint: multiple names: authors list (link)
  • Kaur, H. (2002). Stock Market Volatility in India. Deep & Deep Publications. ISBN 978-8-1762-9361-7.
  • Basu, D. and Dalal, S. (1993). The Scam: Who Won, who Lost, who Got Away. UBS Publishers' Distributors. ISBN 978-8-1859-4410-4. LCCN 93902443.{{cite book}}: CS1 maint: multiple names: authors list (link)
  • Hiremath, G.S. (2013). Indian Stock Market: An Empirical Analysis of Informational Efficiency. Springer India. ISBN 978-8-1322-1590-5. LCCN 2013946889.
  • Cummings, L. (2014). Rethinking the BSE Crisis: A Study of Scientific Reasoning under Uncertainty. Springer Netherlands. ISBN 978-9-4017-8491-7.
  • Razdan, A. Scaling in the bombay stock exchange index. Pramana - J Phys 58, 537–544 (2002). doi:10.1007/s12043-002-0063-y
  • Goel, A., Tripathi, V. and Agarwal, M. (2021), "Market microstructure: a comparative study of Bombay stock exchange and national stock exchange", Journal of Advances in Management Research, Vol. 18 No. 3, pp. 414–442. doi:10.1108/JAMR-06-2020-0109
  • Krishnamurti, Chandrasekhar and Eleswarapu, Venkat R., Liquidity, Stock Returns and Ownership Structure - An Empirical Study of the Bombay Stock Exchange (March 31, 1994). IIM Bangalore Research Paper No. 65, Available at Template:SSRN or doi:10.2139/ssrn.2181543
  • Sumon Kumar Bhaumik. “Stock Index Futures in India: Does the Market Justify Its Use?” Economic and Political Weekly, vol. 32, no. 41, 1997, pp. 2608–11. JSTOR 4405950. Retrieved 13 Feb. 2024.
  • Ganeshaiah, K. N. “Has the Behaviour of the Stock Market Been Affected by the Scam? — A Statistical Analysis.” Current Science, vol. 63, no. 7, 1992, pp. 345–47. JSTOR 24095453. Retrieved 13 Feb. 2024.
  • Nair, S. (2021). Bulls, Bears and Other Beasts (5th Anniversary Edition): A Story of the Indian Stock Market. Pan Macmillan. ISBN 978-9-3907-4257-8.

External links[edit | edit source]


18°55′47″N 72°50′00″E / 18.9298°N 72.8334°E / 18.9298; 72.8334 (Bombay Stock Exchange)

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