History of Bombay Stock Exchange (BSE)
The Bombay Stock Exchange (BSE) has an extensive history dating back to the late 1800s. Here’s a brief summary of the BSE’s main historical turning points and developments:
|
Landmark |
Year |
Significance |
|---|---|---|
| Foundation | 1875 | The BSE began as the “Native Share & Stock Brokers’ Association” in Mumbai (then Bombay) in 1875. It began as an informal meeting of stockbrokers in front of the Town Hall under a banyan tree. |
| Recognition | 1957 | The BSE was granted legal stock exchange status by the Indian government in 1957 under the Securities Contracts (Regulation) Act. |
| Shifting base to Dalal Street | 1980 | The BSE moved its trading floor from the banyan tree to Dalal Street in Mumbai in 1980, which became its iconic position. |
| Sensex Launch | 1986 | In 1986, the BSE introduced the Sensex (S&P BSE Sensex). It consists of 30 of the largest, and most actively traded equities on the exchange and is one of the most followed stock market indices in India. |
| Introduction of Computers | 1995 | The BSE replaced open outcry trading with automated trading in 1995. This development significantly increased trading capacity and efficiency. |
| Global Recognition | 2007 | The Bombay Stock Exchange (BSE) gained international prominence with the establishment of a formal relationship with Deutsche Börse in 2007. This arrangement facilitated cross-market access for investors from both exchanges, therefore enhancing the global awareness of the BSE. |
The Bombay Stock Exchange (BSE) has emerged as a significant organization within India’s financial domain, serving as a significant contributor to the country’s economic growth and development.
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