Bombay Stock Exchange (BSE) of India

    - Advertisement -
    The oldest stock market in Asia, BSE stands for Bombay Stock Exchange and was initially known as “The Native Share and Shock Brokers Association”. Incorporated in 1875, BSE became the first exchange in India to be certified by the administration. It attained a permanent authorization from the Indian Government in 1956 under Securities Contracts (Regulation) Act, 1956.

    Over the year, the exchange company has played an essential part in the expansion of Indian investment market. At present, the association is functioning as incorporated body integrated under stipulations of Companies Act, 1956.

    Read Also: Stock Exchange

    While Bombay Stock Exchange is now synonymous with Dalal Street, it was not always so. The first venues of the earliest stock brokers meetings in the 1850s were in rather natural environs – under banyan trees – in front of the Town Hall, where Horniman Circle is now situated.
    A decade later, the brokers moved their venue to another set of foliage, this time under banyan trees at the junction of Meadows Streets and what is now called Mahatma Gandhi Road.
    As the number of brokers increased, they had to shift from place to place, but they always overflowed to the streets. At last, in 1874, the brokers found a permanent place, and one that they could, quite literally, call their own, the new place was, aptly, called Dalal Street (Brokers Street).
    In 2002, the name “The Stock Exchange, Mumbai” was changed to Bombay Stock Exchange. Subsequently on August 19, 2005, the Exchange turned into a corporate entity from an association of persons (AoP). And renamed as Bombay Stock Exchange Limited.
    Bombay Stock Exchange which had introduced the securities trading in India, replaced its own outcry system of trading in 1995, with the totally automated trading through the Bombay Stock Exchange Online Trading (BOLT) system. The BOLT network was expanded nationwide in 1997.
    Related Posts: 
    - Advertisement -

    Recent Articles

    Current Affairs Daily

    Today's Current Affairs and General Knowledge Current Affairs Daily Digest is a collection of important current...

    Bombay Stock Exchange (BSE) of India

    The oldest stock market in Asia, BSE stands for Bombay Stock Exchange and was initially known as "The Native Share and Shock Brokers Association"....

    Transportation in India: India transport sector

    India’s Transport Sector, as it caters to the need of nearly 1.1 billion people, is large and diverse. A smooth and co-ordinated...

    Biography of Mahatma Gandhi – A Journey from Mohandas to Mahatma

    On the evening of 30th January, 1948, at his daily prayer meeting Gandhiji was shot dead by a young man from Pune named Nathuram...

    Early Entrepreneurs of India

    The first cotton mill in Bombay came up in 1854 and it went into production two years later. By 1862, four...

    Related Stories

    Stay on op - Ge the daily news in your inbox