Source: ZEE
Context: The Bombay Stock Exchange (BSE) is celebrating its 150th anniversary on April 17, 2025, in Mumbai, with Finance Minister of India attending the celebrations.
About Bombay Stock Exchange (BSE):
- What it is?
- BSE Ltd. is Asia’s oldest stock exchange and a major platform for trading equities, debt, mutual funds, derivatives, and commodities in India.
- Established in: 1875, originally as “The Native Share & Stock Brokers’ Association” founded by cotton merchant Premchand Roychand.
- History:
- Began informally under a banyan tree near Mumbai Town Hall.
- Shifted to Dalal Street in 1874 and formalized in 1875.
- Became the first exchange to be recognized under the Securities Contract Regulation Act, 1956.
- Introduced electronic trading in 1995, replacing the open outcry system.
- Partnered with the United Nations Sustainable Stock Exchanges Initiative in 2012.
- Launched India INX (first international exchange) in 2016.
- Listed itself on National Stock Exchange in 2017.
- Key Features:
- Benchmark Index: Sensex (30 top-performing companies), launched in 1986.
- Market Capitalization: Surpassed $5 trillion in May 2024, ranking 6th largest globally.
- Product Offerings: Equities, stock futures/options, index derivatives, debt securities, ETFs, mutual funds.
- Listings: Over 5,000 companies, the highest among all global exchanges.
- Technological Advancement: Early mover in electronic trading systems through BOLT (BSE Online Trading)
