The Bombay Stock Market (BSE), known as 'BSE Limited,' is Asia's oldest stock exchange. It is housed in the Phiroze Jeejeebhoy Towers on Dalal Street in Fort and houses its highest number of enterprises. The equity market capitalization of the listed firms was projected to be US$1 trillion as of December 2011, making it the world's fourteenth largest stock exchange. As of March 2012, there were around 5,133 Indian firms listed on the stock exchange. The BSE Sensex, often known as the 'BSE 30,' is the most widely used phrase referring to trade volume in India and Asia. When compared to the NSE (National Stock Exchange), BSI has nearly identical figures in terms of total market value, while NSE has about double the share volume. Scroll down and read more to learn more about the Bombay Stock Exchange.
Figures and History
The Bombay Stock Exchange's History
The origins of the BSE may be traced back to the 1850s when a group of five stock dealers met under a banyan tree in front of Mumbai Town Hall. As the number of brokers grew, they began changing the location of the meeting regularly. Almost two decades later, in 1874, this little club relocated to Dalal Street. It was established as an official organization under 'The Native Share & Stock Brokers Association.' In 1956, the Government of India approved the BSE as the first stock exchange under the Securities Contracts Regulation Act. The BSE Sensex was created in 1986 to assess the overall performance of the Bombay Stock Exchange. Various stock derivative markets were available using this index, and numerous future trading contracts were formed in 2000, leading to the expansion of its trading platform. The BSE transitioned to an electronic trading system in 1995, and the changeover took only fifty days. The automated version of the trading platform, known as 'BOLT' or 'BSE Online Trading,' is screen-based and currently has a capacity of 8 million orders per day. In addition, the BSE was the first stock exchange to implement a centralized online trading system (BSEWEBx.co.in), allowing investors from all over the world to trade on the BSE platform.
India's Capital Market
Currently, the Bombay Stock Exchange is decentralized, and the exchanges' management teams are made up of a panel of directors. This trading company's board of directors consists of numerous representatives of trade companies and other experts, led by a Managing Director at the top. This committee participates in developing rules, standards, and programs that govern the entire exchange process. The Bombay Stock Exchange covers 417 cities and towns in India. During the fiscal year FY04-05, the BSE witnessed tremendous growth, and it proved to be a lucrative moment for the exchange.
BSE's Biggest Companies:
Bharat Heavy Electricals
Bharat Petroleum Ltd.
The Birla Group
The HDFC Bank
Hindustan Motors Pvt. Ltd.
The ICICI Bank
Infosys Technologies Pvt. Ltd.
India's State Bank
Tata Motors Ltd.
Wipro Technologies Inc.
Mumbai is known as India's financial center, and the BSE is the city's throbbing heart. The BSE is a critical financial organization that plays a crucial role in the Indian economy.
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