Being the oldest stock exchange of Asia, Bombay Stock Exchange or BSE is an Indian stock exchange located at Mumbai, Maharashtra (India) Bombay stock exchange was Established in 1875 Bombay stock exchange is considered to be one of the Asia’s fastest stock exchanges with a speed of 200 micro seconds and one of India’s leading exchange groups. the website of Bombay stock exchange is www.bseindia.com
What is Bombay Stock Exchange
And More than 5,000 companies are listed on Bombay Stock Exchange, making it the world’s top exchange in terms of listed members. Bombay stock exchange is also one of the world’s top twenty stock exchanges by market capitalization.
The companies listed on BSE Ltd. command a total market capitalization of USD 1.49 trillion as of June 2014.
On 31 August 1957, the 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 Bombay stock exchange SENSEX index, giving the Bombay stock exchange a means to measure overall performance of the exchange.
In the year 2000, the Bombay Stock Exchange 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, expanded the Bombay Stock Exchange’s trading platform. 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-based trading platform called BOMBAY STOCK EXCHANGE On- line trading had a capacity of 8 million orders per day.
The Bombay Stock Exchange 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 Bombay Stock Exchange platform. The session timings of the Bombay stock exchange are 9 o’ clock in the morning to 9:15 p.m in the night for Pre-open Trading Session and 09:15 pm to 1:30 am in the morning for the post transfer session. The timings for the Closing Session are 17:05 – 17:15 and for the Option Exercise Session it is 17:07. The hours of operation for the Bombay Stock Exchange mentioned here are stated in the terms of the local time (Greenwich Mean Time + 5:30) Bombay Stock Exchange’s normal trading sessions are held on all days of the week except Saturdays, Sundays and holidays declared by the Exchange in advance.