Bombay Stock Exchange (BSE)
The Bombay Stock Exchange (BSE) is an Indian stock exchange located at Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai-400001, Maharashtra, India, established on 9th July in 1875, the BSE (formerly known as Bombay Stock Exchange Ltd.) is Asia’s first stock exchange. The BSE is the *world’s 10th largest stock exchange with an overall market capitalization of more than $4.9 trillion on as of April 2018.
Phones : 91-22-22721233/4, 91-22-66545695 (Hunting),
Fax : 91-22-22721919,
CIN: L67120MH2005PLC155188,
Email: corp.comm@bseindia.com
BSE History
dates back to 1855, when five
stockbrokers would gather under banyan trees in front of Mumbai’s Town
Hall. Here Premchand Roychand (named Cotton king/
bullion king/ Big bull), was an influential businessman in 19th
century, Bombay, India, took major steps to build a group of investors to
operate investment and trading. Episodically, For this purposes, the
location of meetings changed many times to accommodate an increasing number of
brokers. The group eventually moved to Dalal Street in 1874 and in became an
official organization known as “The
Native Share & Stock Brokers Association” in 1875.
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 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 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 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 & also has introduced a centralized exchange-based
internet trading system.
BSE Indices:
(as on 18th April,2019)
S&P BSE SENSEX 39140.28 INR
S&P BSE SENSEX 50 12231.99 INR
S&P BSE SENSEX
Next 50 33697.72 INR
S&P BSE 100 11922.47 INR
S&P BSE Bharat 22 Index 3631.45 INR
S&P BSE MidCap 15382.57 INR
S&P BSE SmallCap 15021.2 INR
S&P BSE 200 4949.1 INR
S&P BSE 150 MidCap Index 4833.57 INR
S&P BSE 250 SmallCap Index 2297.2 INR
S&P BSE 250 LargeMidCap Index 4668.65 INR
S&P BSE 400 MidSmallCap Index 3765.09 INR
S&P BSE 500 15421.87 INR
S&P BSE AllCap 4401.87 INR
S&P BSE LargeCap 4525.04 INR
S&P BSE SmallCap Select Index 2552.22 INR
S&P BSE MidCap Select Index 6682.68 INR
S&P BSE 100 LargeCap TMC Index 4305.03 INR
S&P BSE SENSEX Next 50 TMC 6090.05 INR
S&P BSE LargeMidCap 4725 INR
S&P BSE MidSmallCap 4050.56 INR
S&P BSE 250 LargeMidCap 65:35 Index 4747.48 INR
S&P BSE SENSEX 50 TMC 3982.87 INR
BSE Market Safety
major objective of BSE is to promote and inculcate honorable and just practices
of trade in securities transactions, and to discourage malpractices.
The surveillance function at BSE has assumed greater importance over the last
few years. It has a dedicated Surveillance Department to keep a close, and a daily,
watch on the price movement of Securities , detect market manipulations like
price rigging, etc., monitor abnormal prices and volumes which are not
consistent with normal trading pattern and monitor the Members’ exposure levels
to ensure that defaults do not occur. This Department, which is headed by a
General Manager, reports directly to Managing Director.
As per the guidelines issued by SEBI, except for Securities on which derivative
products are available and are part of indices on which derivative products are
available, a daily Circuit Filter of 20% is applied on all Securities. Circuit
filters ensures that the price of a Security cannot move upward or downward
beyond the limit set for the day. BSE has imposed dummy circuit filters to
avoid freak trade due to punching errors by the Trading Members.