Bombay Stock Exchange

Topics: Banks of India, Government-owned banks in India, Stock market Pages: 5 (989 words) Published: June 6, 2011
Bombay Stock Exchange

|Bombay Stock Exchange | |[pic] | |[pic] | |Type |Stock Exchange | |Location |Mumbai, India | |Coordinates |[pic]18.929681°N 72.833589°E | |Founded |1875 | |Owner |Bombay Stock Exchange Limited | |Key people |Madhu Kannan (CEO & MD) | |Currency |Indian rupee ([pic]) | |No. of listings |4,996 | |MarketCap |US$1.58 trillion (Sep 2010)[1] | |Volume |US$980 billion (2006) | |Indexes |BSE Sensex | |Website | |

BSE is the oldest stock exchange in Asia and largest number of listed companies in the world, with 4990 listed as of August 2010. It is located at Dalal Street, Mumbai, India. On Aug, 2010, the equity market capitalization of the companies listed on the BSE was US$1.39 trillion, making it the 4th largest stock exchange in Asia and the 11th largest in the world.

The BSE SENSEX (SENSitive indEX), also called the "BSE 30", is a widely used market index in India and Asia. Though many other exchanges exist, BSE and the National Stock Exchange of India account for most of the trading in shares in India.


The Phiroze Jeejeebhoy Towers house the Bombay Stock Exchange since 1980. The Bombay Stock Exchange is the oldest exchange in Asia. It traces its history to the 1850s, when 4 Gujarati and 1 Parsi stockbroker would gather under banyan trees in front of Mumbai's Town Hall. The location of these meetings changed many times, as the number of brokers constantly increased. The group eventually moved to Dalal Street in 1874 and in 1875 became an official organization known as 'The Native Share & Stock Brokers Association'. In 1956, the BSE became the first stock exchange to be recognized by the Indian Government under the Securities Contracts Regulation Act. The Bombay Stock Exchange developed the BSE Sensex in 1986, giving the BSE a means to measure overall performance of the exchange. In 2000 the BSE used this index to open its derivatives market, trading Sensex futures contracts. The development of Sensex options along with equity derivatives followed in 2001 and 2002, expanding the BSE's trading platform. Historically an open outcry floor trading exchange, the Bombay Stock Exchange switched to an electronic trading system in 1995. It took the exchange only fifty days to make this transition. This automated, screen-based trading platform called BSE On-line trading (BOLT) currently has a capacity of 80 lakh orders per day. The BSE has also introduced the world's first centralized exchange-based internet trading system, to enable investors anywhere in the world to trade on the BSE platform. The BSE is currently housed in Phiroze Jeejeebhoy Towers at Dalal Street, Fort area.

National Stock Exchange of India

|National Stock Exchange | |राष्ट्रीय शेअर बाज़ार | |[pic] | |[pic] | |Type |Stock Exchange |...
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