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 cap379 trillion (US$4.7 trillion) (Jan 2024)[6]
Indices
Websitebseindia.com
Company
NSE: BSE
ISININE118H01017
Headquarters
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.

18°55′47″N 72°50′00″E / 18.9298°N 72.8334°E / 18.9298; 72.8334 (Bombay Stock Exchange)

This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.