Bombay Stock Exchange

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Bombay Stock Exchange
BSE
The BSE logo
BSE - Bombay Stock Exchange Building.jpg
Type Stock exchange
Location Mumbai, Maharashtra, India
Coordinates 18°55′47″N 72°50′01″E / 18.929681°N 72.833589°E / 18.929681; 72.833589
Founded 9 July 1875
Key people

Premchand Roychand (Founder)
Shri Sethuram Ravi (Chairman) [1]

Ashishkumar Chauhan (MD & CEO)
Currency Indian rupee ()
No. of listings 5,749[citation needed]
Market cap 94.65 Lakh Crore (Mar. 2016)
Volume 559674 Crores (June 2014)[2]
Indices BSE SENSEX
S&P BSE SmallCap
S&P BSE MidCap
S&P BSE LargeCap
BSE 500
Website www.bseindia.com

The Bombay Stock Exchange (BSE) is an Indian stock exchange located at Dalal Street, Mumbai (formerly Bombay).

Established in 1875, the BSE is Asia’s first stock exchange, It claims to be the world's fastest stock exchange, with a median trade speed of 6 microseconds,[3] The BSE is the world's 11th largest stock exchange with an overall market capitalization of more than $ 2 Trillion as of July, 2017.[4]

History[edit]

Bombay Stock Exchange was founded by Premchand Roychand. He was one of the most influential businessmen in 19th-century Bombay. A man who made a fortune in the stockbroking business and came to be known as the Cotton King, the Bullion King or just the Big Bull. He was also the founder of the Native Share and Stock Brokers Association, an institution that is now known as the BSE.[5]

The Bombay Stock Exchange is the oldest stock exchange in Asia. Its history dates back to 1855, when 22 stockbrokers[6] would gather under banyan trees in front of Mumbai's Town Hall. The location of these meetings changed many times to accommodate an increasing number of brokers. The group eventually moved to Dalal Street in 1874 and became an official organization known as "The Native Share & Stock Brokers Association" in 1875.

On August 31, 1957, the BSE became the first stock exchange to be recognized by the Indian Government under the Securities Contracts Regulation Act. In 1980, the exchange moved to the Phiroze Jeejeebhoy Towers at Dalal Street, Fort area. In 1986, it 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.

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. The BSE has also introduced a centralized exchange-based internet trading system, BSEWEBx.co.in to enable investors anywhere in the world to trade on the BSE platform. Now BSE has raised capital by issuing shares and as on 3rd May 2017 the BSE share which is traded in NSE only closed with Rs.999 .[7]

The BSE is also a Partner Exchange of the United Nations Sustainable Stock Exchange initiative, joining in September 2012.[8]

Awards[edit]

  • ICICI Lombard & ET Now Risk Manager Award in BFSI Category [9]
  • The World Council of Corporate Governance has awarded the Golden Peacock Global CSR Award in financial sector for BSE's initiatives in Corporate Social Responsibility (CSR) in 2007.[10]

See also[edit]

References[edit]

  1. ^ "BSE appoints S Ravi as its new chairman | Business Standard News". Business-standard.com. Retrieved 2017-11-26. 
  2. ^ "Archived copy". Archived from the original on 17 August 2014. Retrieved 3 June 2015. 
  3. ^ "BSE becomes world's fastest stock exchange: Ashishkumar Chauhan - The Economic Times". The Economic Times. Retrieved 2015-12-09. 
  4. ^ "Investors' wealth hits $2 trillion mark as Sensex rallies". Retrieved 10 July 2017. 
  5. ^ http://www.livemint.com/Sundayapp/R5BUHntOmItyIJ2yE4G09M/Premchand-Roychand-Mumbais-original-share-king.html
  6. ^ Mishra, Ashish K. (2015-05-23). "Livemint: Business news, financial news, current affairs and analysis of stock markets and Indian economy". livemint.com/. Retrieved 2017-06-17. 
  7. ^ "BSEIndia". BSEIndia. Archived from the original on 22 January 2014. Retrieved 28 July 2010. 
  8. ^ "Bombay Stock Exchange (BSE) commits to promoting sustainability". UNCTAD. Retrieved 2016-04-29. 
  9. ^ "ET-ICICI". Indiatimes.com. Retrieved 2016-04-29. 
  10. ^ "Golden Peak Awards for CSR". Goldenpeacockawards.com/. Golden Peak Awards. Archived from the original on 10 November 2014. Retrieved 12 September 2014. 

External links[edit]

Coordinates: 18°55′47″N 72°50′01″E / 18.929681°N 72.833589°E / 18.929681; 72.833589 (Bombay Stock Exchange)