Bombay Stock Exchange

Bombay Stock Exchange
BSE
The BSE logo
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
Owner BSE Limited
Key people Ashishkumar Chauhan (MD & CEO)
Currency Indian rupee (₹)
No. of listings 5,749
Market cap US$ 1.43 trillion (Mar. 2016)[1]
Volume US$ 93 billion (June 2014)[2]
Indices BSE SENSEX
BSE Small Cap
BSE Mid-Cap
BSE 500
Website www.bseindia.com

The Bombay Stock Exchange (BSE) is an Indian stock exchange located at Dalal Street, Kala Ghoda, Mumbai (formerly Bombay), Maharashtra, India. 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 $1.43 Trillion as of March, 2016.[4] More than 5500 companies are publicly listed on the BSE.

Unlike countries like the United States where 70% of the GDP is derived from larger companies and the corporate sector, the corporate sector in India accounts for only 12-14% of the national GDP. Of these, as of November 2016, there are only 7,800 listed companies of which only 4000 trade on the stock exchanges at BSE and NSE. Hence the stocks trading at the BSE and NSE account for only about 4% of the Indian economy.[5]

Bombay Stock Exchange gives Rs. 1.01 crore to Swachh Bharat Abhiyan

History

Bombay Stock Exchange founded by Premchand Roychand. Premchand Roychand 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.[6]

The Bombay Stock Exchange is the oldest exchange in Asia. Its history dates back to 1855, when five stockbrokers 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 in 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 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 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 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.[7]

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

Timeline

1996 To 2002

2001 To 2010

2011 To 2014

2015

2016

Hours of operation

Session Timing
Pre-open Trading Session 09:00 – 09:15
Trading Session 09:15 – 15:30
Position Transfer Session 15:40 – 16:00
Closing Session 15:40 – 16:00
Option Exercise Session 17:07

The hours of operation for the BSE quoted above are stated in terms of the local time (GMT + 5:30). BSE's normal trading sessions occur on all days of the week except weekends and holidays declared by the Exchange in advance.

Indices

Graph of S&P BSE SENSEX monthly data from January 1991 to May 2013

The launch of SENSEX in 1986 was later followed up in January 1989 by the introduction of the 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 14 October 1996 and, since then, its calculations take into consideration only the prices of stocks listed at BSE.

BSE launched the dollar-linked version of BSE-100 index on 22 May 2006, the "BSE-200" and the "DOLLEX-200" on 27 May 1994, the BSE-500 Index and 5 sectoral indices in 1999, and the BSE-PSU Index, DOLLEX-300, and the BSE TECk Index (the country's first free-float based index) in 2001. Over the years, BSE shifted all its indices to the free-float methodology (except BSE-PSU index).

The BSE disseminates information on the Price-Earnings Ratio, the Price to Book Value Ratio, and the Dividend Yield Percentage of all its major indices on day-to-day basis. The values of all BSE indices are updated on a real-time basis during market hours and displayed through the BOLT system, the 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.[13]

SENSEX is significantly correlated with the stock indices of other emerging markets.[14]

Awards

The BSE has won several awards and recognitions.

See also

References

  1. ↑ "Bombay Stock Exchange Holidays". Retrieved 17 November 2016.
  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. ↑ "Bombay Stock Exchange Holidays". Retrieved 17 November 2016.
  5. ↑ "National economic debate - Stock markets or rigged casinos - talk by Professor Dr. R. Vaidyanathan (IIM Bangalore) - 21 Jan 2011, Mumbai". www.youtube.com. National Economic Debates.
  6. ↑ http://www.livemint.com/Sundayapp/R5BUHntOmItyIJ2yE4G09M/Premchand-Roychand-Mumbais-original-share-king.html. Missing or empty |title= (help)
  7. ↑ "BSEIndia". BSEIndia. Retrieved 28 July 2010.
  8. ↑ "Bombay Stock Exchange (BSE) commits to promoting sustainability". UNCTAD. Retrieved 2016-04-29.
  9. ↑ bsp;— tie up with Netmagic.com
    • 22 February 2012 Launch of BSE-GREENEX to promote investments in Green India
    • 13 March 2012 Launch of BSE — SME Exchange Platform
    • 30 March 2012 BSE launched trading in BRICSMART indices derivatives
    • 19 February 2013 – SENSEX becomes S&P SENSEX
  10. ↑ Vyas Mohan (19 February 2013). "Sensex to carry S&P tag". Livemint. Retrieved 14 June 2013.
  11. ↑ Our Bureau. "BSE trading from Hyderabad DR site". The Hindu Business Line.
  12. ↑ "BSE becomes world's fastest stock exchange: Ashishkumar Chauhan - The Economic Times". The Economic Times. Retrieved 2016-01-10.
  13. ↑ "BSEIndia". BSEIndia. Retrieved 26 August 2010.
  14. ↑ "BSE SENSEX Index Chart — Yahoo! Finance". Finance.yahoo.com. Retrieved 28 July 2010.
  15. ↑ "LIONS CSR Precious Awards to BSE Ltd. - LIONS CSR Precious Awards". Facebook. 2016-03-26. Retrieved 2016-04-29.
  16. ↑ "Skoch Achiever Award 2016 for Banks". Skoch.in. Retrieved 2016-04-29.
  17. ↑ "BSEIndia - BSE has been awarded PCQUEST Best IT...". Facebook. 2016-03-13. Retrieved 2016-04-29.
  18. ↑ "Review Summary" (PDF). Goldenpeacockawards.com. Retrieved 2016-04-29.
  19. ↑ "World HRD Congress". Worldhrdcongress.com. Retrieved 2016-04-29.
  20. ↑ "CHRO Asia". Chroasia.org. Retrieved 2016-04-29.
  21. ↑ "FICCI BAF AWARDS 2015 : Winners List" (PDF). Ficca-frames.com. Retrieved 2016-04-28.
  22. ↑ "ET-ICICI". Indiatimes.com. Retrieved 2016-04-29.
  23. ↑ "Skoch Renaissance Awards 2013". Skoch.in. Retrieved 2016-04-29.
  24. ↑ Bhupendra. "Bombay Stock Exchange". Financialinclusion.in. Retrieved 2016-04-29.
  25. ↑ "Financial Inclusion - Awardees". Financialinclusion.in. Retrieved 2016-04-29.
  26. ↑ ":: IMC IT Awards - Excellence Awards in IT ::". Imc-itawards.in. Retrieved 2016-04-29.
  27. ↑ "Australia Securities Exchange wins Best Managed Clearing House of the Year 2014" (PDF). Asainbankerawards.com. Retrieved 2016-04-28.
  28. ↑ "Archived copy". Archived from the original on 10 November 2014. Retrieved 12 September 2014.
  29. ↑ "Winners - NASSCOM". Nasscom.in. Retrieved 2016-04-29.
  30. ↑ Administrator. "Skoch Digital Inclusion Awards 2012". digitalinclusion.in. Retrieved 2016-04-29.
  31. ↑ "ICAI AWARDS FOR EXCELLENCE IN FINANCIAL REPORTING (2008-09)" (PDF). 220.227.161.86. Retrieved 2016-04-28.
  32. ↑ "Asia Pacific HRM Congress 2015". asiapacifichrmcongress.com.
  33. ↑ Administrator. "CIO of the Year- Financial Sector: Ashishkumar Chauhan, Dy Chief Executive Officer, Bombay Stock Exchange". digitalinclusion.in.
  34. ↑ "Golden Peak Awards for CSR". Goldenpeacockawards.com/. Golden Peak Awards. Archived from the original on 10 November 2014. Retrieved 12 September 2014.

External links

Wikimedia Commons has media related to Bombay Stock Exchange.

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

This article is issued from Wikipedia - version of the 12/4/2016. The text is available under the Creative Commons Attribution/Share Alike but additional terms may apply for the media files.