Bombay Stock Exchange

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Bombay Stock Exchange
The Bombay Stock Exchange (BSE) (Marathi: Bombay Śhare Bāzaār) (formerly, The Stock Exchange, Bombay) is a stock exchange located in Dalal Street, Mumbai and is the oldest stock exchange in Asia. The Bombay Stock Exchange has the largest number of listed companies in the world, with 4990 listed as of August 2010. As of December 2010, the equity market capitalization of the companies listed on the BSE was US$1.63 trillion, making it the 4th largest stock exchange in Asia and the 9th largest in the world.[1] It has also been cited as the world's best performing stock market.
With over 5,034 Indian companies listed and over 7700 scrips on the stock exchange, the Bombay Stock Exchange has a significant trading volume. The BSE SENSEX (Sensitive index), also called the "BSE 30", is a widely used market index in India and Asia. Though many other exchanges exist, BSE and the National Stock Exchange of India account for the majority of the trading in shares in India.
The hours of operation for the BSE quoted above are stated in terms the local time (i.e. GMT +5:30) in Mumbai , India. BSE's normal trading sessions are on all days of the week except Saturdays, Sundays and holidays declared by the Exchange in advance.[

History of Bombay Stock Exchange

The Phiroze Jeejeebhoy Towers house the Bombay Stock Exchange since 1980.
The Bombay Stock Exchange is the oldest exchange in Asia. It traces its history to the 1850s, when 4 Gujarati and 1 Parsi stockbroker would gather under banyan trees in front of Mumbai's Town Hall. The location of these meetings changed many times, as the number of brokers constantly increased. The group eventually moved to Dalal Street in 1874 and in 1875 became an official organization known as 'The Native Share & Stock Brokers Association'. In 1956, the BSE became the first stock exchange to be recognized by the Indian Government under the Securities Contracts Regulation Act. The Bombay Stock Exchange developed



Bibliography: http://www.bseindia.com/ http://en.wikipedia.org/wiki/Bombay_Stock_Exchange http://www.money-zine.com/Investing/Stocks/Bombay-Stock-Exchange/ http://indianblogger.com/bombay-stock-exchange-profile-history-and-functionality/

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