Bombay Stock Exchange
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The corporate headquarters of BSE on Dalal Street.
|Founded||9 July 1875|
|Currency||Indian rupee (₹)|
|No. of listings||5,439|
|Market cap||₹276.713 lakh crore (US$3.9 trillion) (Jan 2022)|
S&P BSE SmallCap
S&P BSE MidCap
S&P BSE LargeCap
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, it is the oldest stock exchange in Asia, and also the tenth oldest in the world. The BSE is the 8th largest stock exchange with an overall market capitalisation of more than ₹276.713 lakh crore, as of January 2022.
History[edit | edit source]
Bombay Stock Exchange was started by Premchand Roychand in 1875. 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. 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.
The Bombay Stock Exchange continued to operate out of a building near the Town Hall until 1928. The present site near 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 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 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.
On 12 March 1993, a car bomb exploded in the basement of the building during the 1993 Bombay bombings.
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.
The BSE is also a Partner Exchange of the United Nations Sustainable Stock Exchange initiative, joining in September 2012.
BSE established India INX on 30 December 2016. India INX is the first international exchange of India.
BSE launches commodity derivatives contract in gold and silver.
Technologies[edit | edit source]
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.
In the media[edit | edit source]
The Mumbai based video game Mumbai Gullies is expected to feature the Bombay Stock Exchange in the fictional map.
See also[edit | edit source]
- National Stock Exchange of India
- List of South Asian stock exchanges
- List of stock exchanges in the Commonwealth of Nations
References[edit | edit source]
- ↑ India, BSE. "Corporate profile" (PDF).
- ↑ "bse bod".
- ↑ 3.0 3.1 "Monthly Reports - World Federation of Exchanges". WFE.
- ↑ "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". www.bseindia.com. Retrieved 6 September 2021.
- ↑ "BSE-Introduction". bseindia.com. Archived from the original on 31 January 2018. Retrieved 31 January 2018.
- ↑ Dr.Priya Rawal (16 April 2015). Indian Stock Market and Investors Strategy. Dr.Priya Rawal. pp. 12–. ISBN 978-1-5053-5668-7.
- ↑ "10 Oldest Stock Exchanges in the World". 10 September 2020. Archived from the original on 4 March 2021.
- ↑ "BSE may set another record, become an official tourist spot". The New Indian Express. Press Trust of India. 6 October 2017. Retrieved 4 November 2021.
- ↑ "THE PROFILE OF BOMBAY STOCK EXCHANGE LIMITED".
- ↑ "The History of Bombay Stock Exchange". Archived from the original on 30 October 2021.
- ↑ "The 1993 Mumbai Blasts: What Exactly Happened on March 12 That Year". News18. Retrieved 16 October 2017.
- ↑ "BSEIndia". BSEIndia. Archived from the original on 22 January 2014. Retrieved 28 July 2010.
- ↑ "Bombay Stock Exchange (BSE) commits to promoting sustainability". UNCTAD. Retrieved 29 April 2016.
- ↑ "India INX". indiainx.com.
- ↑ "India thehindubusinessline". Business Line.
- ↑ "BSE becomes world's fastest stock exchange: Ashishkumar Chauhan". The Economic Times. Retrieved 28 May 2021.
- ↑ "WHAT IS MUMBAI GULLIES?". GameEon. 27 November 2020. Retrieved 18 September 2021.
- ↑ January 2021, Bodhisatwa Ray 19 (19 January 2021). "Mumbai Gullies, a GTA styled game from an Indian developer, set to launch soon". TechRadar. Retrieved 18 September 2021.
External links[edit | edit source]
Template:Stock exchanges top 18 Template:World Federation of Exchanges