Bombay Stock Exchange
Bombay Stock Exchange (BSE), Asia’s first stock exchangeThe Bombay Share Bazaar is situated in the Dalal Street in Mumbai city, Maharashtra in India. In terms of the market capitalization, it is on the 11th place among the stock exchanges in the world and owns the third position in the world in the index option trading (December 2012). The BSE could play an important role in the progression of financial associations in India, for the past 138 years. Deutsche Bourse and Singapore Exchange are two strategic partners of the corporatized Mumbai stock exchange.
The comfortable and transparent market for the trading in the equities, debt instruments, derivatives and mutual funds are the important features of the Bombay Stock Exchange, which makes it the favorite place for the corporate. Risk management, clearing, settlement, market data services and education are the other services included in the BSE's area of interest. Small and medium enterprises (SME) also allow for the trading of equities on the platform provided by the Bombay stock exchange.
The BSE is first in India and second in the world achieving the ISO 9001:2000 certification. The exchange also secured the Information Security Management System Standard BS 7799-2-2002 certification for its On Line trading System (BOLT). The BSE Institute Ltd. is one of the reputed capital market educational institutes in India controlled by the Bombay stock exchange. Central Depository Services Ltd. (CDSL) arm is a department working within the BSE to provide depository services. In the year of 2013, BSE started a strategic partnership with the famous S&P DOW JONES INDICES and renamed the SENSEX into "S&P BSE SENSEX". The BSE's equity index S&P BSE SENSEX which was famous in the name formerly SENSEX is India’s most demanded stock market benchmark. Mr. Ashish Kumar Chauhan is the current MD & CEO of the Bombay stock exchange.
History of the Bombay Stock ExchangeThe oldest and first exchange in India, the Bombay stock exchange has been working in the Phiroze Jeejeebhoy tower since the year of 1980. The history of the Bombay stock exchange starts in the year of 1855, when few Gujarati and Parsi share brokers started to gather frequently under a banyan tree stands opposite to the Mumbai town hall. The no. of members included in this meeting has increased every time and the group shifted their meeting placed in the Dalal Street in Mumbai, in the year of 1874. Later in the year of 1875 they formed an organization named The Native Share & Stock Brokers Association. It was the first form of the Bombay stock market.
In the year 1958 BSE was announced as a recognized stock exchange by the government of India under the Securities Contracts Regulation Act. The Phiroze Jeejeebhoy tower was selected as the center of BSE, for the coordination of activities of the exchange. The BSE SENSEX, a standard to measure the performance of the stock exchange was introduced by the BSE in the year of 1986. Then BSE switched to an electronic trading system in the year 1995 which in turn resulted in the increase in convenience of the stock and share related activities. It took just 50 days for the BSE to change to this screen based trading platform which is famous in the name BSE Online trading (BOLT) and holds the capability to deal 8 million orders per day. BSEWEBx.co.in is an internet portal introduced by the BSE to make the trading of the investors from different sides of the world more comfortable.
The Bombay Stock Exchange IndicesThe BSE launched their indices SENSEX in 1986 and BSE National Index in 1986. The BSE national index was renamed into BSE 100 Index in 1996 and launched the dollar linked version of BSE 100 index in 2006. BSE 200 and the DOLLEX 200 are the new series of indices introduced by the BSE in 1994. Later BSE 500 Index and 5 sectoral indices were launched in 1999. In the year of 2001 BSE launched the BSE TECK Index which was the first ever free float based index in India.
Except BSE-PSU index, all other indices were switched to the free float methodology by the Bombay stock exchange during the last couple of decades. The information on the Price Earnings Ratio, the Price to Book Value Ratio and the Dividend Yield Percentage are distributed in all of the indices under BSE on a daily basis. The BOLT system, BSE website and news wire agencies are used by the BSE to display the values of the updated BSE indices during the market hours. The periodical analyses of all of the BSE indices are done regularly by the BSE Index Committee. The policies for the development and progression of all BSE indices are formed by the committee and the independent finance professionals included in the committee. The BSE Index Cell in Bombay stock exchange posses the responsibility to maintain the indices on day to day basis and conducts researches on development of new indices.
Awards and Approvals To Bombay Stock ExchangeThe Bombay stock exchange, the first recognized stock exchange in India by the government under the Securities Contracts Regulation Act was awarded the Golden Peacock Global CSR Award for its initiatives in Corporate Social Responsibility (CSR) by the World Council of Corporate Governance. The ICAI award for excellence in financial reporting was also given to the BSE consecutively for the financial years ended on 31 March 2006 and 31 March 2007. The BSE has been announced as one of the world's best performing stock market by the Reuters. BSE's efforts in employer branding through talent management at work, health management at work and excellence in HR through technology was chosen for the Asia Pacific HRM awards by the Human Resource Management.
Hours of Operation at the Bombay Stock ExchangeThe time of operation at the Bombay stock exchange is as given below, on the regular days. The time mentioned below is stated according to the local time (GMT + 5:30). The timing of operation on Sundays, Saturdays and holidays are declared by the BSE in advance.
- Pre open Trading Session - 09:00 to 09:15
- Trading Session - 09:15 to 15:30
- Position Transfer Session - 15:30 to 15:55
- Closing Session - 15:50 to 16:05
- Option Exercise Session - 16:07
The BSE Institute LtdIt is an educational institution working under the learning solutions arm of the BSE Limited. The Institute disseminates the knowledge and insights earned by the BSE limited for the past century, among their students. The well qualified and experienced faculty and subject matter experts provide the best training to deal with the realities and challenges of the market.
BSE India appsThe BSEIndia can be accessed through advanced applications on windows and android phones. BSE India's Mobile Apps keep the investors aware of the latest market status. Real Time S&P BSE SENSEX Value & Graph, Real Time Stock Prices with other Trading info, and Corporate Announcements are the major features of the application.
Contact BSEThe first stock exchange in India, BSE is always engaged in providing opportunities in the Indian capital markets since it is evolved and continues its efforts for the empowerment of the Indian corporate sector.
BSE Limited, Phiroze Jeejeebhoy Towers
Dalal Street, Mumbai- 400001
The official website of BSE, www.bseindia.com