Bombay Stock Exchange (BSE)

The Bombay Stock Exchange (BSE) is an Indian stock exchange located at Dalal Street, Mumbai.

Established in 1875, the BSE (formerly known as Bombay Stock Exchange Ltd.) is Asia’s oldest stock exchange.The BSE(Bombay Stock Exchange) is the world’s 10th largest stock exchange with an overall market capitalization of more than $2.2 trillion on as of April 2018.

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premchand-raichand

Premchand Roychand jain

Born :- March 1831  – Surat

Died :- March 1906 (aged 74–75)

Nationality :- Indian

Occupation :- Stockbroker and businessman

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Premchand Roychand (The Big Bull)

The Bombay stock exchange was founded by Premchand Roychand, an influential businessman in the 19th-century Bombay. He made a fortune in the stockbroking business and came to be known as the Cotton King, the Bullion King or just the Big Bull. He was also the founder of the Native Share and Stock Brokers Association, an institution that is now known as the BSE(Bombay Stock Exchange).

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While BSE(Bombay Stock Exchange) Ltd is now synonymous with Dalal Street, it was not always so. The first location of the earliest stock broker meetings in the 1850s was in a much more natural setting — under banyan trees — in front of the Town Hall, where Horniman Circle is now situated. A decade later, the brokers moved their location to another leafy setting, this time under banyan trees at the junction of Meadows Street and what 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 new place was, aptly, called Dalal Street (Brokers’ Street).

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Bombay Stock Exchange

Phiroze Jeejeebhoy Towers(Bombay Stock Exchange)

On August 31, 1957, the BSE(Bombay Stock Exchange)became the first stock exchange to be recognized by the Indian Government under the Securities Contracts Regulation Act. In 1980, the exchange moved to the Phiroze Jeejeebhoy Towers at Dalal Street, Fort area. In 1986, it developed the S&P BSE SENSEX index, giving the BSE a means to measure the overall performance of the exchange. In 2000, the BSE used this index to open its derivatives market, trading S&P BSE SENSEX futures contracts. The development of S&P BSE SENSEX options along with equity derivatives followed in 2001 and 2002, expanding the BSE’s trading platform

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BSE(Bombay Stock Exchange) On-Line Trading (BOLT)

Historically an open outcry floor trading exchange, the Bombay Stock Exchange switched to an electronic trading system developed by CMC Ltd. in 1995. It took the exchange only 50 days to make this transition. This automated, screen-based trading platform called BSE On-Line Trading (BOLT) had a capacity of 8 million orders per day. Now BSE(Bombay Stock Exchange) has raised capital by issuing shares and as on 3 May 2017 the BSE(Bombay Stock Exchange) share which is traded in NSE only closed with Rs.999 .