BSE Limited
Logo of the Bombay Stock Exchange.[1]
Corporate headquarters on Dalal Street
TypeStock exchange
LocationMumbai, Maharashtra, India
Founded9 July 1875 (9 July 1875)[2]
Key people
CurrencyIndian rupee (₹)
No. of listings5,302[5]
Market cap₹379 trillion (US$4.7 trillion) (Jan 2024)[6]
Indices
Websitebseindia.com
Company
NSE: BSE
ISININE118H01017
Headquarters
Mumbai Edit this on Wikidata
Websitewww.bseindia.com Edit this on Wikidata

BSE Limited, also known as the Bombay Stock Exchange (BSE, Hindi: मुंबई रोखे बाजार), is an Indian stock exchange which is located on Dalal Street in Mumbai. Established in 1875 by cotton merchant Premchand Roychand,[8] it is the oldest stock exchange in Asia,[9] and also the tenth oldest in the world.[10] The BSE is one of the world's largest stock exchanges by market capitalization with a market cap of US$ 3.8 trillion as of June 2023.[11]

History

Bombay Stock Exchange was founded by Premchand Roychand in 1875.[12] While BSE Limited is now synonymous with Dalal Street, it was not always so. In the 1850s, five stock brokers gathered together under a Banyan tree in front of Mumbai Town Hall, where Horniman Circle is now situated.[13] A decade later, the brokers moved their location to under the banyan trees at the junction of Meadows Street and what was then called Esplanade Road, now Mahatma Gandhi Road. With a rapid increase in the number of brokers, they had to shift places repeatedly. At last, in 1874, the brokers found a permanent location, the one that they could call their own. The brokers group became an official organization known as "The Native Share & Stock Brokers Association" in 1875.[14]

On 12 March 1993, a car bomb exploded in the basement of the building during the 1993 Bombay bombings.[15] The BSE is also a Partner Exchange of the United Nations Sustainable Stock Exchange initiative, joining in September 2012.[16] BSE established India INX on 30 December 2016. India INX is the first international exchange of India.[17] BSE became the first stock exchange in the country to launch commodity derivatives contract in gold and silver in October 2018.[18]

BSE was demutualized and corporatized on 19 May 2007, pursuant to the BSE (Corporatization and Demutualization) Scheme, 2005 notified by SEBI.[19][20] It was listed on NSE on 3 February 2017.[21][22][lower-alpha 1]

Bombay Stock Exchange from 1999 to 2020 (Indices S&P BSE 500)
Bombay Stock Exchange logo untill June 2023

Criticism and controversies

A number of corruption scandals, including the 1992 Indian stock market scam and others, have rocked the Indian stock exchanges.[24][25] At various times, numerous Indian corporate groups have been charged with stock manipulation.[26]

See also

References

Notes

  1. ↑ SEBI Regulation 45(1) of Securities Contracts (Regulation) (Stock Exchanges and Clearing Corporations) Regulations, 2018 prohibits self-listing of a stock exchange in India.[23]

Citations

  1. ↑ "BSE unveils new logo on its 149th foundation day". mint. 10 July 2023.
  2. ↑ India, BSE. "Corporate profile" (PDF). Archived (PDF) from the original on 25 September 2021. Retrieved 8 August 2020.
  3. ↑ "Pramod Agrawal to take charge as BSE's new Chairman from January 17". Business Standard. 20 December 2023.
  4. ↑ "bse bod". Archived from the original on 11 January 2023. Retrieved 11 January 2023.
  5. ↑ "All India Market Capitalization | BSE Listed stocks Market Capitalization". BSE. Retrieved 9 July 2023.
  6. ↑ "Markets hit new peak on FPI buying; BSE market cap closes above Rs 300 lakh crore". The Indian Express. 6 July 2023. Retrieved 9 July 2023.
  7. ↑ "BSE relaunches Sensex, Bankex derivative contracts". The Economic Times. 15 May 2023.
  8. ↑ "BSE-Introduction". bseindia.com. Archived from the original on 31 January 2018. Retrieved 31 January 2018.
  9. ↑ Priya Rawal (16 April 2015). Indian Stock Market and Investors Strategy. Priya Rawal. pp. 12–. ISBN 978-1-5053-5668-7. Archived from the original on 11 January 2023. Retrieved 23 November 2018.
  10. ↑ "10 Oldest Stock Exchanges in the World". 10 September 2020. Archived from the original on 4 March 2021.
  11. ↑ "Monthly Reports - World Federation of Exchanges". WFE. Archived from the original on 11 January 2023. Retrieved 21 May 2018.
  12. ↑ "BSE may set another record, become an official tourist spot". The New Indian Express. Press Trust of India. 6 October 2017. Archived from the original on 4 November 2021. Retrieved 4 November 2021.
  13. ↑ "The Profile of Bombay Stock Exchange Limited".
  14. ↑ "The History of Bombay Stock Exchange". YouTube. Archived from the original on 30 October 2021.
  15. ↑ "The 1993 Mumbai Blasts: What Exactly Happened on March 12 That Year". News18. Archived from the original on 16 October 2017. Retrieved 16 October 2017.
  16. ↑ "Bombay Stock Exchange (BSE) commits to promoting sustainability". UNCTAD. 28 September 2012. Archived from the original on 2 April 2015. Retrieved 29 April 2016.
  17. ↑ "India INX". indiainx.com. Archived from the original on 18 October 2018. Retrieved 15 March 2018.
  18. ↑ "India thehindubusinessline". Business Line. October 2018. Archived from the original on 27 July 2020. Retrieved 25 October 2018.
  19. ↑ "BSE demutualisation complete". Business Standard India. Business Standard. 14 June 2013. Archived from the original on 27 November 2022. Retrieved 27 November 2022.
  20. ↑ "Order in respect of BSE (Corporatisation and Demutualisation) Scheme, 2005". sebi.gov.in. Archived from the original on 27 November 2022. Retrieved 27 November 2022.
  21. ↑ "BSE to list on NSE on 3 February". Livemint. 29 January 2017. Archived from the original on 27 November 2022. Retrieved 27 November 2022.
  22. ↑ Manu Balachandran (22 January 2017). "142 years after taking roots under a banyan, Asia's oldest stock exchange hits the capital market today". qz.com. Quartz. Archived from the original on 27 November 2022. Retrieved 27 November 2022.
  23. ↑ "Securities Contracts (Regulation) (Stock Exchanges and Clearing Corporations) Regulations, 2018 [Last amended on June 04, 2019]". sebi.gov.in. Archived from the original on 11 January 2023. Retrieved 27 November 2022.
  24. ↑ "How India's trading queen and mystery guru engulfed NSE in scandal". The Economic Times. Archived from the original on 11 January 2023. Retrieved 11 January 2023.
  25. ↑ Rangan, MC Govardhana. "The fall of NSE: Corruption or hubris?". The Economic Times. Archived from the original on 11 January 2023. Retrieved 11 January 2023.
  26. ↑ Shenoy, Deepak (27 March 2017). "Why Reliance Was Fined Rs 1,000 Crore For Trading Reliance Petroleum Shares". The Wire. Retrieved 12 February 2023.
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