Bombay Stock Exchange
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BSE Limited, also known as the Bombay Stock Exchange (BSE), is an Indian stock exchange which is located on Dalal Street.<ref>{{#invoke:citation/CS1|citation |CitationClass=web }}</ref> Established with the efforts of cotton merchant Premchand Roychand in 1875,<ref name="u337">Template:Cite book</ref><ref name="bseindia.com">{{#invoke:citation/CS1|citation |CitationClass=web }}</ref> it is the oldest stock exchange in Asia,<ref name="Rawal2015">Template:Cite book</ref> and also the tenth oldest in the world.<ref>{{#invoke:citation/CS1|citation |CitationClass=web }}</ref> The BSE is the world's 6th largest stock exchange with a market capitalization exceeding US$5 trillion on 21 May 2024.<ref name="WFE">{{#invoke:citation/CS1|citation |CitationClass=web }}</ref>
HistoryEdit
Bombay Stock Exchange was founded by Premchand Roychand in 1875.<ref>Template:Cite news</ref> 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.<ref name="bseindia.com" /><ref>{{#invoke:citation/CS1|citation |CitationClass=web }}</ref> 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.<ref>{{#invoke:citation/CS1|citation |CitationClass=web }}Template:Cbignore</ref>
On 12 March 1993, a car bomb exploded in the basement of the building during the 1993 Bombay bombings.<ref>Template:Cite news</ref> The BSE is also a Partner Exchange of the United Nations Sustainable Stock Exchange initiative, joining in September 2012.<ref>{{#invoke:citation/CS1|citation |CitationClass=web }}</ref> BSE established India INX on 30 December 2016. India INX is the first international exchange of India.<ref>{{#invoke:citation/CS1|citation |CitationClass=web }}</ref> BSE became the first stock exchange in the country to launch commodity derivatives contract in gold and silver in October 2018.<ref>{{#invoke:citation/CS1|citation |CitationClass=web }}</ref>
BSE was demutualized and corporatized on 19 May 2007, pursuant to the BSE (Corporatization and Demutualization) Scheme, 2005 notified by SEBI.<ref>Template:Cite news</ref><ref>{{#invoke:citation/CS1|citation |CitationClass=web }}</ref> It was listed on NSE on 3 February 2017.<ref>{{#invoke:citation/CS1|citation |CitationClass=web }}</ref><ref>{{#invoke:citation/CS1|citation |CitationClass=web }}</ref>Template:Efn-la
Criticism and controversiesEdit
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The Indian stock exchanges BSE and NSE have witnessed several high-profile corruption scandals.<ref>Template:Cite news</ref><ref>Template:Cite news</ref><ref>Template:Cite news</ref><ref>{{#invoke:citation/CS1|citation |CitationClass=web }}</ref><ref>Template:Cite news</ref> 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.<ref>{{#invoke:citation/CS1|citation |CitationClass=web }}</ref><ref>Template:Cite news</ref><ref>Template:Cite news</ref><ref>Template:Cite news</ref>
BSE StockEdit
BSE Limited (Bombay Stock Exchange) was listed on the National Stock Exchange of India on February 3, 2017 at a Face Value of ₹2 per share and Issue Price of ₹806 per share having a Total Issue Size of 1,54,27,197 shares.<ref name=":0">{{#invoke:citation/CS1|citation |CitationClass=web }}</ref>
The company's NSE ticker symbol is "BSE".<ref name=":0" />
| Year | Details | |
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| 2022 | citation | CitationClass=web
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| 2025 | On May 09, 2025 BSE announced the approval for issue of Bonus Shares in the ratio of 2:1 and fixed May 23, 2025, as the Record Date for determining the eligibility of shareholders for issuance of Bonus Shares. <ref>Template:Cite news</ref> |
See alsoEdit
- Economy of India
- Economy of Maharashtra
- List of stock exchanges
- National Stock Exchange of India
- NSE co-location scam
- Stock market crashes in India
- Mutual funds in India
- Muhurat trading
- Clause 49
- Securities and Exchange Board of India
ReferencesEdit
NotesEdit
CitationsEdit
Further readingEdit
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- Razdan, A. Scaling in the bombay stock exchange index. Pramana - J Phys 58, 537–544 (2002). {{#invoke:doi|main}}
- Goel, A., Tripathi, V. and Agarwal, M. (2021), "Market microstructure: a comparative study of Bombay stock exchange and national stock exchange", Journal of Advances in Management Research, Vol. 18 No. 3, pp. 414–442. {{#invoke:doi|main}}
- Krishnamurti, Chandrasekhar and Eleswarapu, Venkat R., Liquidity, Stock Returns and Ownership Structure - An Empirical Study of the Bombay Stock Exchange (March 31, 1994). IIM Bangalore Research Paper No. 65, Available at Template:SSRN or {{#invoke:doi|main}}
- Sumon Kumar Bhaumik. “Stock Index Futures in India: Does the Market Justify Its Use?” Economic and Political Weekly, vol. 32, no. 41, 1997, pp. 2608–11. Template:JSTOR. Retrieved 13 Feb. 2024.
- Ganeshaiah, K. N. “Has the Behaviour of the Stock Market Been Affected by the Scam? — A Statistical Analysis.” Current Science, vol. 63, no. 7, 1992, pp. 345–47. Template:JSTOR. Retrieved 13 Feb. 2024.
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External linksEdit
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