Bombay Stock Exchange
Type | Stock exchange |
---|---|
Location | Mumbai, Maharashtra, India |
Founded | 9 July 1875[2] |
Key people | |
Currency | Indian rupee (₹) |
No. of listings | 5,375[5] |
Market cap | ₹404 trillion (US$5.1 trillion) (April 2024)[6] |
Indices |
|
Website | bseindia.com |
Company | |
NSE: BSE | |
ISIN | INE118H01017 |
Headquarters | |
Website | www |
BSE Limited, also known as the Bombay Stock Exchange (BSE), is an Indian stock exchange which is located on Dalal Street in Mumbai, India.[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 8th largest stock exchange with a market capitalization exceeding US$4.5 trillion as of January 2024.[12]
History[edit]
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, five stock brokers gathered together under a Banyan tree in front of Mumbai Town Hall, where Horniman Circle is now situated.[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][a]
Market statistics[edit]
This section may contain information not important or relevant to the article's subject. (April 2024) |
- The Bimal Jalan Committee report estimated that barely 3% of India's population invested in the stock market, as compared to 27% in the United States and 10% in China.[25][26][27][28]
- The Economic Times estimated that as of April 2018, 6 crore (60 million) retail investors had invested their savings in stocks in India, either through direct purchases of equities or through mutual funds.[29]
- According to a Reserve Bank of India report, mutual funds attracted 6% of household savings in FY2023 and less than 1% went into direct equities.[30][31][32] Almost 95% of household savings in India are held in bank deposits, including fixed deposit, provident fund, PPF, life insurance, and various small savings schemes.[30][33][32]
Criticism and controversies[edit]
This section needs expansion. You can help by adding to it. (January 2024) |
A number of corruption scandals, including the 1992 Indian stock market scam and others, have rocked the Indian stock exchanges.[34][35] At various times, numerous Indian corporate groups have been charged with stock manipulation.[36]
See also[edit]
References[edit]
Notes[edit]
Citations[edit]
- ^ "BSE unveils new logo on its 149th foundation day". mint. 10 July 2023.
- ^ India, BSE. "Corporate profile" (PDF). Archived (PDF) from the original on 25 September 2021. Retrieved 8 August 2020.
- ^ "Pramod Agrawal to take charge as BSE's new Chairman from January 17". Business Standard. 20 December 2023.
- ^ "bse bod". Archived from the original on 11 January 2023. Retrieved 11 January 2023.
- ^ "All India Market Capitalization | BSE Listed stocks Market Capitalization". BSE. Retrieved 9 July 2023.
- ^ "BSE Market Cap Rises To Record Rs 404 Lakh Crore With Small Caps In Lead". NDTV. 26 April 2024. Retrieved 30 April 2024.
- ^ "BSE relaunches Sensex, Bankex derivative contracts". The Economic Times. 15 May 2023.
- ^ James Chen. "What Is Dalal Street?". Dotdash Meredith.
- ^ "BSE-Introduction". bseindia.com. Archived from the original on 31 January 2018. Retrieved 31 January 2018.
- ^ 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 Oldest Stock Exchanges in the World". 10 September 2020. Archived from the original on 4 March 2021.
- ^ "Monthly Reports - World Federation of Exchanges". WFE. Archived from the original on 11 January 2023. Retrieved 21 May 2018.
- ^ "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.
- ^ "The Profile of the Bombay Stock Exchange Limited".
- ^ "The History of Bombay Stock Exchange". YouTube. Archived from the original on 30 October 2021.
- ^ "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.
- ^ "Bombay Stock Exchange (BSE) commits to promoting sustainability". UNCTAD. 28 September 2012. Archived from the original on 2 April 2015. Retrieved 29 April 2016.
- ^ "India INX". indiainx.com. Archived from the original on 18 October 2018. Retrieved 15 March 2018.
- ^ "India thehindubusinessline". Business Line. October 2018. Archived from the original on 27 July 2020. Retrieved 25 October 2018.
- ^ "BSE demutualisation complete". Business Standard India. Business Standard. 14 June 2013. Archived from the original on 27 November 2022. Retrieved 27 November 2022.
- ^ "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.
- ^ "BSE to list on NSE on 3 February". Livemint. 29 January 2017. Archived from the original on 27 November 2022. Retrieved 27 November 2022.
- ^ 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.
- ^ "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.
- ^ "Increasing retail investor base: SEBI has a tough job ahead". Moneylife. 2 June 2011. Retrieved 24 April 2018.
- ^ Jalan, Bimal (1 November 2010). Jalan Committee report 2010 – Review of Ownership andGovernance of Market Infrastructure Institutions (PDF). Mumbai: SEBI. Retrieved 24 April 2018.
- ^ 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.
- ^ 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.
- ^ 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.
- ^ a b "Reserve Bank of India - RBI Bulletin". www.rbi.org.in. Retrieved 4 March 2024.
- ^ https://www.business-standard.com/markets/mutual-fund/mutual-funds-attract-6-of-household-savings-in-fy23-shows-rbi-data-123092000972_1.html
- ^ a b "Reserve Bank of India - Household Financial Savings". www.rbi.org.in. Retrieved 4 March 2024.
- ^ https://www.business-standard.com/markets/mutual-fund/mutual-funds-attract-6-of-household-savings-in-fy23-shows-rbi-data-123092000972_1.html
- ^ "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.
- ^ 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.
- ^ Shenoy, Deepak (27 March 2017). "Why Reliance Was Fined Rs 1,000 Crore For Trading Reliance Petroleum Shares". The Wire. Retrieved 12 February 2023.
Further reading[edit]
- Kochhar, S. (2015). BSE: Journey of an Aspiring Nation. Skoch Media. ISBN 978-8-1929-1725-2.
- Ramkumar, R.R. and Selvam, M. (2014). Efficiency of BSE Sectoral Indices in India: A Study with Special Reference to Bombay Stock Exchange Ltd in India. Lap Lambert Academic Publishing GmbH KG. ISBN 978-3-6592-1130-0.
{{cite book}}
: CS1 maint: multiple names: authors list (link) - Kaur, H. (2002). Stock Market Volatility in India. Deep & Deep Publications. ISBN 978-8-1762-9361-7.
- Basu, D. and Dalal, S. (1993). The Scam: Who Won, who Lost, who Got Away. UBS Publishers' Distributors. ISBN 978-8-1859-4410-4. LCCN 93902443.
{{cite book}}
: CS1 maint: multiple names: authors list (link) - Hiremath, G.S. (2013). Indian Stock Market: An Empirical Analysis of Informational Efficiency. Springer India. ISBN 978-8-1322-1590-5. LCCN 2013946889.
- Cummings, L. (2014). Rethinking the BSE Crisis: A Study of Scientific Reasoning under Uncertainty. Springer Netherlands. ISBN 978-9-4017-8491-7.
- Razdan, A. Scaling in the bombay stock exchange index. Pramana - J Phys 58, 537–544 (2002). doi:10.1007/s12043-002-0063-y
- 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. doi:10.1108/JAMR-06-2020-0109
- 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 SSRN 2181543 or doi:10.2139/ssrn.2181543
- 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. JSTOR 4405950. Accessed 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. JSTOR 24095453. Accessed 13 Feb. 2024.
- Nair, S. (2021). Bulls, Bears and Other Beasts (5th Anniversary Edition): A Story of the Indian Stock Market. Pan Macmillan. ISBN 978-9-3907-4257-8.