Bombay Stock Exchange in Mumbai
Originally known as the Bombay Stock Exchange, the company's current name is Bombay Stock Exchange Limited. Phiroze Jejeebhoy Towers on Dalal Street in Fort boasts the world's most comprehensive stock exchange. The listed firms' equity market capitalization was estimated at $1 trillion in December 2011, making it the world's fourteenth largest stock exchange. More than 5,133 Indian firms were listed on the stock exchange market as of March 2012. India and Asia's trade volume is generally referred to as the BSE Sensex, sometimes known as the 'BSE 30'. While the overall market capitalization of BSI and NSE (National Stock Exchange) are almost the same, NSE has about double the volume of shares that BSI has. Scroll down and read more to learn more about the Bombay Stock Exchange.
Facts & Figures of the Past
Bombay Stock Exchange's History
BSE's origins date back to the 1850s when a group of five stockbrokers met under a banyan tree in front of Mumbai's Town Hall to discuss business matters. As the number of brokers grew, they began to switch the location of the meeting regularly. In 1874, this tiny club moved to Dalal Street. It was recognized as a formal organization under the name 'The Native Share & Stock Brokers Association' in the following year, over two decades later. The Securities Contracts Regulation Act of 1956 made the Bombay Stock Exchange (BSE) India's first officially recognized stock exchange. In 1986, the Bombay Stock Exchange Sensex Index was created to gauge the exchange's overall performance. In the year 2000, numerous future trade contracts were entered into using this index, resulting in the development of the trading platform. In 1995, the Bombay Stock Exchange changed to an electronic trading system, and it only took fifty days. BOLT, or 'BSE On-Line Trading,' is the screen-based automated trading platform with a daily order capacity of 8 million contracts known as the 'BOLT.' Because of the introduction of BSEWEBx.co., investors from around the world may trade on the BSE platform for the first time, making it a world-first for the stock exchange.
India's Stock Exchange
The Bombay Stock Exchange is currently decentralized, with a body of directors overseeing each exchange's operations. This trading firm's board of directors is made up of numerous trading organization representatives and other experts, with a Managing Director at the helm. As a member of this group, you may help shape exchange rules, standards, and programs. The Bombay Stock Exchange is home to 417 cities and towns around the country. During the fiscal year FY04-05, BSE saw spectacular growth, and the exchange had a successful year.
Companies With Significant BSE Presence:
heavy-duty electrical company Bharat Heavy
The Indian oil company Bharat Petroleum
The Birla Group
Bank of India
The Hindustan Automobiles Corporation
ICICI Bank is a financial institution in India.
Informatica Corporation of India
The Indian State Bank
Tata Motors is the manufacturer.
Wipro Corporation of India
The city of Mumbai is considered India's financial center, and the Bombay Stock Exchange (BSE) is its beating heart. Undoubtedly, BSE is a critical financial institution in India, with a vital role in the country's economy.
Also Read About
Small Industries Development Bank of India