Bombay Stock Exchange
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|BSE Limited (Formerly Bombay Stock Exchange Limited)|
|मुंबई शेअर बाजार|
|Location||Mumbai, Maharashtra, India|
|Key people||Ashish Chauhan (MD & CEO)|
|Currency||Indian rupee ()|
|No. of listings||5,163 (as of September 2012)|
|MarketCap||US$1.203 trillion (Oct 2012)|
|Volume||US$231 billion (Nov 2010)|
BSE Small Cap
Bombay Stock Exchange, commonly referred to as the BSE, (Bombay Śhare Bāzaār) is a stock exchange located on Dalal Street, Mumbai, Maharashtra, India. It is the 10th largest stock exchange in the world by market capitalization. Established in 1875, BSE Ltd. (formerly known as Bombay Stock Exchange Ltd.), is Asia’s first Stock Exchange and one of India’s leading exchange groups. Over the past 137 years, BSE has facilitated the growth of the Indian corporate sector by providing it an efficient capital-raising platform. Popularly known as BSE, the bourse was established as "The Native Share & Stock Brokers' Association" in 1875.
BSE is a corporatized and demutualised entity, with a broad shareholder-base which includes two leading global exchanges, Deutsche Bourse and Singapore Exchange as strategic partners. BSE provides an efficient and transparent market for trading in equity, debt instruments, derivatives, mutual funds. It also has a platform for trading in equities of small-and-medium enterprises (SME). Around 5000 companies are listed on BSE making it world's No. 1 exchange in terms of listed members. The companies listed on BSE Ltd command a total market capitalization of USD Trillion 1.2 as of October 31, 2012. BSE Ltd is world's fifth most active exchange in terms of number of transactions handled through its electronic trading system. It is also one of the world’s leading exchanges (3rd largest in July 2012) for Index options trading (Source: World Federation of Exchanges).
BSE also provides a host of other services to capital market participants including risk management, clearing, settlement, market data services and education. It has a global reach with customers around the world and a nation-wide presence. BSE systems and processes are designed to safeguard market integrity, drive the growth of the Indian capital market and stimulate innovation and competition across all market segments. BSE is the first exchange in India and second in the world to obtain an ISO 9001:2000 certification. It is also the first Exchange in the country and second in the world to receive Information Security Management System Standard BS 7799-2-2002 certification for its On-Line trading System (BOLT).
It operates one of the most respected capital market educational institutes in the country (the BSE Institute Ltd.). BSE also provides depository services through its Central Depository Services Ltd. (CDSL) arm.
BSE’s popular equity index - the S&P BSE SENSEX [Formerly SENSEX ] - is India's most widely tracked stock market benchmark index. It is traded internationally on the EUREX as well as leading exchanges of the BRCS nations (Brazil, Russia, China and South Africa). On Tuesday, 19 February 2013 BSE has entered into Strategic Partnership with S&P DOW JONES INDICES and the SENSEX has been renamed as "S&P BSE SENSEX".
Hours of operation 
|Pre-open Trading Session||09:00 - 09:15|
|Trading Session||09:15 - 15:30|
|Position Transfer Session||15:30 - 15:50|
|Closing Session||15:50 - 16:05|
|Option Exercise Session||16:05|
The hours of operation for the BSE quoted above are stated in terms the local time (GMT + 5:30). BSE's normal trading sessions are on all days of the week except Saturday, Sundays and holidays declared by the Exchange in advance.
The Bombay Stock Exchange is the oldest exchange in Asia. It traces its history to the 1850s, when four Gujarati and one 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 8 million orders per day. The BSE has also introduced the world's first centralized exchange-based internet trading system, BSEWEBx.co.in 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.
Following is the timeline on the rise of the SENSEX through Indian stock market history.
1830 to 1875
1830's Business on corporate stocks and shares in Bank and Cotton presses started in Bombay.
1860-1865Cotton price bubble as a result of the American Civil War.
1870 - 90's Sharp increase in share prices of jute industries followed by a boom in tea stocks and coal
1875 To 1995
9th Jul 1875 The Native Share & Stock Broker's Association formed
2nd Feb 1921 Clearing House started by Bank of India
31st Aug 1957 BSE granted permanent recognition under Securities Contracts (Regulation) Act (SCRA)
2nd Jan 1986 SENSEX, country's first equity index launched (Base Year: 1978-79 =100)
10th Jul 1987 Investor's Protection Fund (IPF) introduced
3rd Jan 1989 BSE Training Institute (BTI) inaugurated
25th Jul 1990 SENSEX closes above 1000
15th Jan 1992 SENSEX closes above 2000
30th Mar 1992 SENSEX closes above 4000
1 May 1992 SEBI Act established (An Act to protect, develop and regulate the securities market)
29 May 1992 Capital Issues (Control) Act repealed
1992 Securities Appellate Tribunal (SAT) established
14th Mar 1995 BSE On-Line Trading (BOLT) system introduced
1996 To 2000
19th Aug 1996 First major SENSEX revamp
12 May 1997 Trade Guarantee Fund (TGF) introduced
21st Jul 1997 Brokers Contingency Fund (BCF) introduced
1997 BSE On-Line Trading (BOLT) system expanded nation-wide
22nd Mar 1999 Central Depository Services Ltd.(CDSL) set up with other financial institutions
1st Jun 1999 Interest Rate Swaps (IRS) / Forward Rate Agreements (FRA) allowed
15th Jul 1999 CDSL commences work
11th Oct 1999 SENSEX closed above 5000
11th Feb 2000 SENSEX crosses 6000 intra-day
9th Jun 2000 Equity Derivatives introduced
2001 To 2005
1st Mar 2001 Corporatisation of Exchanges proposed by the Union Govt.
1st Feb 2001 BSE Webx Launched
1st Jun 2001 Index Options launched
4th Jun 2001 BSE PSU index introduced
15th Jun 2001 WDM operations at commenced
2nd Jul 2001 VaR model introduced for margin requirement calculation
9th Jul 2001 Stock options launched
11th Jul 2001 BSE Teck launched, India’s First free float index
25th Jul 2001 Dollex 30 launched
1st Nov 2001 Stock futures launched
29th Nov 2001 100% book building allowed
31st Dec 2001 All securities turn to T+5
1st Feb 2002 Two way fungibility for ADR/GDR
15th Feb 2002 Negotiated Dealing System (NDS) established
1st Apr 2002 T+3 settlement Introduced
1st Jan 2003 India’s first ETF on SENSEX - ‘SPICE' introduced
16th Jan 2003 Retail trading in G Sec
1st Apr 2003 T+2 settlement Introduced
1st June 2003 Bankex launched
1st Sep 2003 SENSEX shifted to free-float methodology
1st Dec 2003 T group launched
2nd Jun 2004 SENSEX closes over 6000 for the first time (564.71 points, 11.14%)
17th May 2004 Second biggest fall of all time, Circuit filters used twice in a day (the Scheme) announced by SEBI
20th May 2005 The BSE (Corporatisation and Demutualisation) Scheme, 2005
8th Aug 2005 Incorporation of Bombay Stock Exchange Limited
12th Aug 2005 Certificate of Commencement of Business
19th Aug 2005 BSE becomes a Corporate Entity
2006 To 2010
7th Feb 2006 SENSEX closed above 10000
7th Jul 2006 BSE Gujarati website launched
21st Oct 2006 BSE Hindi website launched
2nd Nov 2006 iShares BSE SENSEX India Tracker listed at Hong Kong Stock Exchange
2nd Jan 2007 Launch of Unified Corporate Bond Reporting platform: Indian Corporate Debt Market (ICDM)
7th Mar 2007 Singapore Exchange Limited entered into an agreement to invest in a 5% stake in BSE
16th May 2007 Appointed Date” under the Scheme i.e. Date on which Corporatisaton and Demutualisation was achieved. Notified by SEBI in the Official Gazette on 29.06.2007
10th Jan 2008 SENSEX All-time high 21206.77
1st Oct 2008 Currency Derivatives Introduced
18 May 2009 The SENSEX raised 2110.70 points (17.34%) and Index-wide upper circuit breaker applied
7th Aug 2009 BSE - USE Form Alliance to Develop Currency & Interest Rate
24th Aug 2009 BSE IPO Index launched
1st Oct 2009 Bombay Stock Exchange introduces trade details facility for the Investors
5th Oct 2009 BSE Introduces New Transaction Fee Structure for Cash Equity Segment
25th Nov 2009 BSE launches FASTRADE™ - a new market access platform
4th Dec 2009 BSE Launches BSE StAR MF – Mutual Fund trading platform
7th Dec 2009 Launch of clearing and settlement of Corporate Bonds through Indian Clearing Corporation Ltd.
14th Dec 2009 Marathi website launched
18th Dec 2009 BSE's new derivatives rates to lower transaction costs for all
4th Jan 2010 Market time changed to 9.0 a.m. - 3.30 p.m.
20 th Jan 2010 BSE PSU website launched
22nd Apr 2010 New DBM framework @ Rs.10 lakhs - 90% reduction in Membership Deposit
12 May 2010 Dissemination of Corporate Action information via SWIFT platform
23 July 2010 Options on BOLT
21st Sep 2010 First to introduce Mobile-based Trading
29th Sep 2010 Introduction of Smart Order Routing (SOR)
4th Oct 2010 EUREX - SENSEX Futures launch
11th Oct 2010 Launch of Fastrade on Web (FoW) - Exchange hosted platform
12th Nov 2010 Commencement of Volatility Index
22nd Nov 2010 Launch of SLB
10th Dec 2010 Launch of SIP
27th Dec 2010 Commencement of Shariah Index
2011 To 2012
17th Nov 2011 Maharashtra and United Kingdom Environment Ministers launched Concept Note for BSE Carbon Index
7th Jan 2011 BSE Training Institute Ltd. with IGNOU launched India's first 2 year full-time MBA program specializing in Financial Market
15th Jan 2011 Co-location facility at BSE - tie up with Netmagic
22nd Feb 2012 Launch of BSE-GREENEX to promote investments in Green India
13th Mar 2012 Launch of BSE - SME Exchange Platform
30th Mar 2012 BSE launched trading in BRICSMART indices derivatives
- February 19, 2013 - SENSEX becomes S&P SENSEX as BSE ties up with Standard and Poor's to use the S&P brand for Sensex and other indices.
The launch of SENSEX in 1986 was later followed up in January 1989 by introduction of BSE National Index (Base: 1983-84 = 100). It comprised 100 stocks listed at five major stock exchanges in India - Mumbai, Calcutta, Delhi, Ahmedabad and Madras. The BSE National Index was renamed BSE-100 Index from October 14, 1996 and since then, it is being calculated taking into consideration only the prices of stocks listed at BSE. BSE launched the dollar-linked version of BSE-100 index on May 22, 2006. BSE launched two new index series on 27 May 1994: The 'BSE-200' and the 'DOLLEX-200'. BSE-500 Index and 5 sectoral indices were launched in 1999. In 2001, BSE launched BSE-PSU Index, DOLLEX-30 and the country's first free-float based index - the BSE TECk Index. Over the years, BSE shifted all its indices to the free-float methodology (except BSE-PSU index). BSE disseminates information on the Price-Earnings Ratio, the Price to Book Value Ratio and the Dividend Yield Percentage on day-to-day basis of all its major indices. The values of all BSE indices are updated on real time basis during market hours and displayed through the BOLT system, BSE website and news wire agencies. All BSE Indices are reviewed periodically by the BSE Index Committee. This Committee which comprises eminent independent finance professionals frames the broad policy guidelines for the development and maintenance of all BSE indices. The BSE Index Cell carries out the day-to-day maintenance of all indices and conducts research on development of new indices.
- The World Council of Corporate Governance has awarded the Golden Peacock Global CSR Award for BSE's initiatives in Corporate Social Responsibility (CSR).
- The Annual Reports and Accounts of BSE for the year ended March 31, 2006 and March 31, 2007 have been awarded the ICAI awards for excellence in financial reporting.
- It has been cited as one of the world's best performing stock market by Reuters.
- The Human Resource Management at BSE has won the Asia - Pacific HRM awards for its efforts in employer branding through talent management at work, health management at work and excellence in HR through technology.Bombay Stock Exchange - Finance Learners
1993 Bombay bombings at BSE 
On Friday, 12 March 1993,at 1:30 p.m. a powerful car bomb exploded in the basement of the Bombay Stock Exchange building. The 28-story office building housing the exchange was severely damaged, and many nearby office buildings also suffered some damage. About 50 were killed by this explosion.
See also 
- Phiroze Jeejeebhoy Towers
- Clause 49
- National Stock Exchange of India
- Companies listed on the Bombay Stock Exchange
- List of South Asian stock exchanges
- Market Hours, Bombay Stock Exchange via Wikinvest
- "BSEIndia". BSEIndia. Retrieved 2010-07-28.
- "BSEIndia". BSEIndia. Retrieved 2010-08-26.
- "BSE SENSEX Index Chart - Yahoo! Finance". Finance.yahoo.com. Retrieved 2010-07-28.
- http://www.reutersindia.net/ Asia Technical Analysis with Phil Smith
- Bombay Seeks Link to Stolen Car In Fatal Blast at Stock Exchange – 15 March 1993, The New York times
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