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Bombay Stock ExchangeFrom Wikipedia, the free encyclopedia

[hide]This article has multiple issues. Please help improve it or discuss theseissues on the talk page.This article needs additional citations for verification. (January 2011)This article may require cleanup to meet Wikipedia's quality standards. (January 2011)A major contributor to this article appears to have a close connection with itssubject. (August 2014)BSE Limited (Formerly Bombay Stock Exchange Limited)????? ???? ?????Bse new logo 21-Nov 2012.jpgType Stock ExchangeLocation Mumbai, Maharashtra, IndiaCoordinates 18.929681°N 72.833589°EFounded 1875Owner BSE LimitedKey people Ashish Kumar Chauhan (MD & CEO)Currency Indian rupee (INR)No. of listings 5,381 (as of May, 2014) out of which 1294 companies are in suspended category and 4087 companies are eligible for trading.www.bseindia.comMarket cap US$1.57 trillion (May 2014)[1]

Volume US$231 billion (Nov 2010)Indexes BSE SENSEXBSE Small CapBSE Mid-CapBSE 500Website www.bseindia.comEstablished in 1875, BSE Ltd. (formerly known as Bombay Stock Exchange Ltd. andestablished as "The Native Share and Stock Brokers' Association") is one of Asias fastest stock exchanges, with a speed of 200 microseconds and one of Indias leading exchange groups. BSE is a corporatized and demutualised entity, with a broad shareholder-base that includes two leading global exchanges, Deutsche Bourse and Singapore Exchange, as strategic partners. BSE provides an efficient and transparent market for trading in equity, debt instruments, derivatives, and mutual f

unds. It also has a platform for trading in equities of small-and-medium enterprises (SME). Over the past 139 years, BSE has facilitated the growth of the Indian corporate sector by providing an efficient capital-raising platform.

More than 5000 companies are listed on BSE, making it the world's top exchange in terms of listed members. The companies listed on BSE Ltd. command a total market capitalization of USD 1.51 Trillion as of May 2014.[1] It is also one of theworlds leading exchanges (3rd largest in March 2014) for Index options trading (Source: World Federation of Exchanges).

BSE also provides a host of other services to capital market participants, including risk management, clearing, settlement, market data services, and education. It has a global reach with customers around the world and a nation-wide presenc

e. BSE systems and processes are designed to safeguard market integrity, drive the growth of the Indian capital market, and stimulate innovation and competition across all market segments. BSE is the first exchange in India and the second in the world to obtain an ISO 9001:2000 certification and the Information Security Management System Standard BS 7799-2-2002 certification for its On-Line trading System (BOLT). It operates one of the most respected capital market educational institutes in the country (the BSE Institute Ltd.). BSE also provides depository services through its Central Depository Services Ltd. (CDSL) arm.

BSEs popular equity index - the S&P BSE SENSEX (Formerly SENSEX) - is India's mos



t widely tracked stock market benchmark index. It is traded internationally on the EUREX as well as leading exchanges of the BRCS nations (Brazil, Russia, China and South Africa). On Tuesday, 19 February 2013 BSE has entered into StrategicPartnership with S&P DOW JONES INDICES and the SENSEX has been renamed as "S&P BSE SENSEX".

Contents [hide]1 History1.1 Timeline1.1.1 1830 to 18751.1.2 1875 To 19951.1.3 1996 To 20001.1.4 2001 To 20051.1.5 2006 To 20101.1.6 2011 To 20142 Hours of operation3 Indices4 Awards5 1993 Bombay bombings at BSE6 See also7 References8 External linksHistory[edit]

The Phiroze Jeejeebhoy Towers has housed the Bombay Stock Exchange since 1980.The Bombay Stock Exchange is the oldest exchange in Asia. It traces its historyto 1855, when four Gujarati and one Parsi stockbroker would gather under banyantrees 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".

On 31 August 1957, the BSE 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. In1986, it developed the BSE SENSEX index, giving the BSE a means to measure overall performance of the exchange. In 2000, the BSE used this index to open its der

ivatives market, trading SENSEX futures contracts. The development of SENSEX options along with equity derivatives followed in 2001 and 2002, expanding the BSE's trading platform.

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 fifty days to make this transition. This automated, screen-basedtrading platform called BSE On-line trading (BOLT) had a capacity of 8 million orders per day. The BSE has also introduced the world's first centralized exchange-based internet trading system, BSEWEBx.co.in to enable investors anywhere in the world to trade on the BSE platform.[2]

Timeline[edit]

Following is the timeline of the BSE.

1830 to 1875[edit]1830's Business on corporate stocks and Share in Bank and Cotton presses started in Bombay.1860-1865 Cotton price bubble as a result of the American Civil War.1870 - 90's Sharp increase in Share prices of jute industries followed by a boom in tea stocks and coal.1875 To 1995[edit]9 July 1875 The Native Share & Stock Broker's Association formed



2 February 1921 Clearing House started by Bank of India31 August 1957 BSE granted permanent recognition under Securities Contracts (Regulation) Act (SCRA)2 January 1986 SENSEX, country's first equity index launched (Base Year: 1978-79 =100)10 July 1987 Investor's Protection Fund (IPF) introduced3 January 1989 BSE Training Institute (BTI) inaugurated25 July 1990 SENSEX closes above 100015 January 1992 SENSEX closes above 200030 March 1992 SENSEX closes above 40001 May 1992 SEBI Act established (An Act to protect, develop and regulate the securities market)29 May 1992 Capital Issues (Control) Act repealed1992 Securities Appellate Tribunal (SAT) established14 March 1995 BSE On-Line Trading (BOLT) system introduced1996 To 2000[edit]19 August 1996 First major SENSEX revamp* 22 March 1999 Central Depository Services Limited (CDSL) set up with other financial institutions1 June 1999 Interest rate swaps (IRS) / Forward Rate Agreements (FRA) allowed15 July 1999 CDSL commences work11 October 1999 SENSEX closed above 500011 February 2000 SENSEX crosses 6000 intra-day9 June 2000 Equity Derivatives introduced2001 To 2005[edit]

1 March 2001 Corporatisation of Exchanges proposed by the Union Govt.1 February 2001 BSE Webx Launched1 June 2001 Index Options launched4 June 2001 BSE PSU index introduced15 June 2001 WDM operations at commenced2 July 2001 VaR model introduced for margin requirement calculation9 July 2001 Stock options launched11 July 2001 BSE Teck launched, Indias First free float index25 July 2001 Dollex 30 launched1 November 2001 Stock futures launched29 November 2001 100% book building allowed31 December 2001 All securities clearing move to T+5 (trade date + 5 days)1 February 2002 Two way fungibility for ADR/GDR

15 February 2002 Negotiated Dealing System (NDS) established1 April 2002 T+3 settlement Introduced1 January 2003 Indias first ETF on SENSEX - SPICE' introduced16 January 2003 Retail trading in G Sec1 April 2003 T+2 settlement Introduced1 June 2003 Bankex launched1 September 2003 SENSEX shifted to free-float methodology1 December 2003 T group launched2 June 2004 SENSEX closes over 6000 for the first time (564.71 points, 11.14%)17 May 2004 Second biggest fall of all time, Circuit filters used twice in a day (the Scheme) announced by SEBI20 May 2005 The BSE (Corporatisation and Demutualisation) Scheme, 20058 August 2005 Incorporation of Bombay Stock Exchange Limited

12 August 2005 Certificate of Commencement of Business19 August 2005 BSE becomes a Corporate Entity2006 To 2010[edit]7 February 2006 SENSEX closed above 100007 July 2006 BSE Gujarati website launched21 October 2006 BSE Hindi website launched2 November 2006 ishares BSE SENSEX India Tracker listed at Hong Kong Stock Exchange2 January 2007 Launch of Unified Corporate Bond Reporting platform: Indian Corporate Debt Market (ICDM)



Option Exercise Session 17:07The hours of operation for the BSE quoted above are stated in terms of the local time (GMT + 5:30). BSE's normal trading sessions are on all days of the week except Saturday, Sundays and holidays declared by the Exchange in advance.[4]

Indices[edit]

Graph of S&P BSE SENSEX monthly data from January 1991 to May 2013The launch of SENSEX in 1986 was later followed up in January 1989 by introduction of BSE National Index (Base: 1983-84 = 100). It comprised 100 stocks listed at five major stock exchanges in India - Mumbai, Calcutta, Delhi, Ahmedabad and Madras. The BSE National Index was renamed BSE-100 Index from 14 October 1996 and, since then, its calculations take into consideration only the prices of stocks listed at BSE.

BSE launched the dollar-linked version of BSE-100 index on 22 May 2006, the "BSE-200" and the "DOLLEX-200" on 27 May 1994, the BSE-500 Index and 5 sectoral indices in 1999, and the BSE-PSU Index, DOLLEX-300, and the BSE TECk Index (the country's first free-float based index) in 2001. Over the years, BSE shifted all its indices to the free-float methodology (except BSE-PSU index).

BSE disseminates information on the Price-Earnings Ratio, the Price to Book Value Ratio, and the Dividend Yield Percentage of all its major indices on day-to-day basis. The values of all BSE indices are updated on a real time basis during m

arket hours and displayed through the BOLT system, the BSE website, and news wire agencies. All BSE Indices are reviewed periodically by the BSE Index Committee. This Committee, which comprises eminent independent finance professionals, frames the broad policy guidelines for the development and maintenance of all BSE indices. The BSE Index Cell carries out the day-to-day maintenance of all indices and conducts research on development of new indices.[5]

SENSEX is significantly correlated with the stock indices of other emerging markets.[6][7]

Awards[edit]The World Council of Corporate Governance has awarded the Golden Peacock GlobalCSR Award in financial sector for BSE's initiatives in Corporate Social Responsi

bility (CSR) in 2007.[8]The Annual Reports and Accounts of BSE for the year ended 31 March 2006 and 31 March 2007 have been awarded the ICAI awards for excellence in financial reporting.The BSE has been cited as one of the world's best performing stock market by Reuters.The Human Resource Management at BSE has won the Asia - Pacific HRM awards for its efforts in employer branding through talent management at work, health management at work and excellence in HR through technology.Prashant Nair, an employee of BSE has won the excellence award for creating a hassle-free application to make live feed from BSE to news.1993 Bombay bombings at BSE[edit]On Friday, 12 March 1993 at 1:30 p.m. a powerful car bomb exploded in the baseme

nt of the Bombay Stock Exchange building. The 28-story office building housing the exchange was severely damaged, and many nearby office buildings also suffered some damage. About 50 were killed by this explosion.[9]

See also[edit]Calcutta Stock ExchangePhiroze Jeejeebhoy TowersClause 49National Stock Exchange of IndiaCompanies listed on the Bombay Stock Exchange



List of South Asian stock exchangesReferences[edit]^ Jump up to: a b http://wap.business-standard.com/article/markets/bse-market-cap-crosses-rs-90-trillion-114060900198_1.htmlJump up ^ "BSEIndia". BSEIndia. Retrieved 2010-07-28.Jump up ^ Vyas Mohan (2013-02-19). "Sensex to carry S&P tag". Livemint. Retrieved 2013-06-14.Jump up ^ Market Hours, Bombay Stock Exchange via WikinvestJump up ^ "BSEIndia". BSEIndia. Retrieved 2010-08-26.Jump up ^ "BSE SENSEX Index Chart - Yahoo! Finance". Finance.yahoo.com. Retrieved 2010-07-28.Jump up ^ http://www.reutersindia.net/ Asia Technical Analysis with Phil SmithJump up ^ "Golden Peak Awards for CSR". http://www.goldenpeacockawards.com/. Golden Peak Awards. Retrieved 12 September 2014.Jump up ^ Bombay Seeks Link to Stolen Car In Fatal Blast at Stock Exchange 15 March 1993, The New York timesExternal links[edit] Media related to Bombay Stock Exchange at Wikimedia Commons

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