Bombay Stock Exchange

Last updated

BSE Limited
BSE logo.svg
Official logo of BSE [1]
BSE building at Dalal Street.JPG
Corporate headquarters on Dalal Street
Type Stock exchange
Location Mumbai, Maharashtra, India
Coordinates 18°55′47″N72°50′01″E / 18.929681°N 72.833589°E / 18.929681; 72.833589
Founded9 July 1875;149 years ago (9 July 1875) [2]
Key people
Currency Indian rupee (₹)
No. of listings5,512 [5]
Market cap ₹ 461 lakh crore (US$5.5 trillion) (4 Oct 2024) [6]
Indices
Website bseindia.com
Company
NSE:  BSE
ISIN INE118H01017
Headquarters
Mumbai   OOjs UI icon edit-ltr-progressive.svg
Website www.bseindia.com   OOjs UI icon edit-ltr-progressive.svg

BSE Limited, also known as the Bombay Stock Exchange (BSE), is an Indian stock exchange which is located on Dalal Street. [8] Established in 1875 by cotton merchant Premchand Roychand, [9] it is the oldest stock exchange in Asia, [10] and also the tenth oldest in the world. [11] The BSE is the world's 6th largest stock exchange with a market capitalization exceeding US$5 trillion on May 21, 2024. [12]

Contents

History

Bombay Stock Exchange logo until June 2023 Bombay Stock Exchange logo.svg
Bombay Stock Exchange logo until June 2023

Bombay Stock Exchange was founded by Premchand Roychand in 1875. [13] While BSE Limited is now synonymous with Dalal Street, it was not always so. In the 1850s, four Gujarati and one Parsi stockbroker gathered together under a Banyan tree in front of Bombay (now Mumbai) Town Hall, where Horniman Circle is now situated. [9] [14] 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. [15]

On 12 March 1993, a car bomb exploded in the basement of the building during the 1993 Bombay bombings. [16] The BSE is also a Partner Exchange of the United Nations Sustainable Stock Exchange initiative, joining in September 2012. [17] BSE established India INX on 30 December 2016. India INX is the first international exchange of India. [18] BSE became the first stock exchange in the country to launch commodity derivatives contract in gold and silver in October 2018. [19]

BSE was demutualized and corporatized on 19 May 2007, pursuant to the BSE (Corporatization and Demutualization) Scheme, 2005 notified by SEBI. [20] [21] It was listed on NSE on 3 February 2017. [22] [23] [lower-alpha 1]

Market statistics

S&P BSE 500 (1999 to 2020).png
Indian stock market indices S&P BSE 500 (1999 to 2020)
S&P BSE SENSEX chart.svg
Chart of S&P BSE SENSEX monthly data from January 1991 to May 2013

Criticism and controversies

The Indian stock exchanges BSE and NSE have witnessed several high-profile corruption scandals. [43] [44] [45] [46] [47] At times, the Securities and Exchange Board of India (SEBI) has barred several individuals and entities from trading on the exchanges for insider trading, stock manipulation, especially in illiquid mid-caps, small-caps and penny stocks. [48] [49] [50] [51]

See also

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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. [24]

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 2 October 2024.
  6. ↑ "Mkts suffer worst week in over 2 yrs; West Asia crisis weighs on sentiment". Business Standard. 4 October 2024. Retrieved 5 October 2024.
  7. ↑ "BSE relaunches Sensex, Bankex derivative contracts". The Economic Times. 15 May 2023.
  8. ↑ James Chen. "What Is Dalal Street?". Dotdash Meredith.
  9. 1 2 "BSE-Introduction". bseindia.com. Archived from the original on 31 January 2018. Retrieved 31 January 2018.
  10. ↑ 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.
  11. ↑ "10 Oldest Stock Exchanges in the World". 10 September 2020. Archived from the original on 4 March 2021.
  12. ↑ "Monthly Reports - World Federation of Exchanges". WFE. Archived from the original on 11 January 2023. Retrieved 21 May 2018.
  13. ↑ "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.
  14. ↑ "The Profile of the Bombay Stock Exchange Limited".
  15. ↑ "The History of Bombay Stock Exchange". 11 September 2014. Archived from the original on 30 October 2021 – via YouTube.
  16. ↑ "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.
  17. ↑ "Bombay Stock Exchange (BSE) commits to promoting sustainability". UNCTAD. 28 September 2012. Archived from the original on 2 April 2015. Retrieved 29 April 2016.
  18. ↑ "India INX". indiainx.com. Archived from the original on 18 October 2018. Retrieved 15 March 2018.
  19. ↑ "India thehindubusinessline". Business Line. October 2018. Archived from the original on 27 July 2020. Retrieved 25 October 2018.
  20. ↑ "BSE demutualisation complete". Business Standard India. 14 June 2013. Archived from the original on 27 November 2022. Retrieved 27 November 2022.
  21. ↑ "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.
  22. ↑ "BSE to list on NSE on 3 February". Livemint. 29 January 2017. Archived from the original on 27 November 2022. Retrieved 27 November 2022.
  23. ↑ Manu Balachandran (22 January 2017). "142 years after taking roots under a banyan, Asia's oldest stock exchange hits the capital market today". Quartz . Archived from the original on 27 November 2022. Retrieved 27 November 2022.
  24. ↑ "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.
  25. ↑ "Increasing retail investor base: SEBI has a tough job ahead". Moneylife. 2 June 2011. Retrieved 24 April 2018.
  26. ↑ Jalan, Bimal (1 November 2010). Jalan Committee report 2010 – Review of Ownership andGovernance of Market Infrastructure Institutions (PDF). Mumbai: SEBI. Retrieved 24 April 2018.
  27. ↑ Chandrasekhar, C.P.; Mallick, Sarat; A, Akriti. The elusive retail investor: How deep can (and should) India's stock markets be? (PDF). SEBI. Retrieved 24 April 2018.
  28. ↑ Library of Congress, Federal Research Division (30 December 2011). FINANCIAL LITERACY AMONG RETAIL INVESTORS IN THE UNITED STATES (PDF). Washington DC: SEC / The library of congress. Retrieved 24 April 2018.
  29. ↑ Thukral, Arun (24 April 2018). "For those who do not make much money in stocks, here's the catch". The Economic Times. Retrieved 24 April 2018.
  30. ↑ https://www.hindustantimes.com/business/bse-all-listed-firms-market-cap-hits-rs-400-lakh-crore-a-first-top-points-101712550815127.html [ bare URL ]
  31. ↑ "India faced 4 bear markets in 25 years; why this one is different". CNBCTV18. 25 March 2020. Retrieved 26 January 2024.
  32. ↑ Bhasin, Tinesh (29 December 2022). "Best Investment Strategies To Survive in a Bear Market". Learn About Investment Tax Saving, and Financial Planning. Retrieved 26 January 2024.
  33. ↑ "SEBI | Annual Report 2021-22". sebi.gov.in.
  34. ↑ Agarwal, Nikhil (24 May 2023). "50% mutual funds get redeemed within a year. Is long-term investing dead?". The Economic Times.
  35. ↑ "SEBI | Study - Analysis of Profit and Loss of Individual Traders dealing in Equity F&O Segment". sebi.gov.in.
  36. ↑ "Sebi study suggests 89% retail traders in equity F&O suffered losses in FY22". The Economic Times. 25 January 2023.
  37. ↑ "9 in 10 derivative traders lose money: Sebi study". The Times of India. 26 January 2023.
  38. 1 2 "Reserve Bank of India - RBI Bulletin". rbi.org.in. Retrieved 4 March 2024.
  39. 1 2 "Mutual funds attract 6% of household savings in FY23, shows RBI data" . Retrieved 7 August 2024.
  40. 1 2 "Reserve Bank of India - Household Financial Savings". rbi.org.in. Retrieved 4 March 2024.
  41. ↑ Vardhan, Pratap (8 September 2022). "Data | Which Indian State has the most number of stock market investors". The Hindu. ISSN   0971-751X . Retrieved 26 January 2024.
  42. ↑ "These 10 states account for nearly 80% of retail investors". Moneycontrol. 7 June 2021. Retrieved 26 January 2024.
  43. ↑ "How India's trading queen and mystery guru engulfed NSE in scandal". The Economic Times.
  44. ↑ Rangan, MC Govardhana. "The fall of NSE: Corruption or hubris?". The Economic Times.
  45. ↑ "BSE Sensex drops as corruption scandal weighs". Reuters. 25 November 2010.
  46. ↑ "SEBI penalises BSE, NSE for 'laxity' in Karvy fraud case". 13 April 2022.
  47. ↑ "Trading 'queen' and mystery guru: Strange tale engulfs NSE in scandal". Business Standard India. 21 March 2022.
  48. ↑ Sreedhar, Vidya (21 June 2023). "Rs 144 crore wrongful profit! Sebi finds stock manipulation in 5 smallcaps". The Economic Times. Retrieved 24 August 2023.
  49. ↑ "Sebi ban pinches penny stocks". Business Standard. Retrieved 24 August 2023.
  50. ↑ "SEBI Cracks Down on Misuse of Penny Stocks". The Wire. Retrieved 24 August 2023.
  51. ↑ "I-T Department, SEBI begin crackdown on penny stock firms in PMO-led push". Moneycontrol. 20 November 2017. Retrieved 24 August 2023.

Further reading

18°55′47″N72°50′00″E / 18.9298°N 72.8334°E / 18.9298; 72.8334 (Bombay Stock Exchange)

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