Bombay Stock Exchange Quotes
"The Bombay Stock Exchange (BSE), also known as the Stock Exchange Mumbai, is one of the oldest stock exchanges in all of Asia dating back to 1875 when it was known as the Native Share and Stock Brokers Association," says money-zine.com. "The exchange is home to about 4,900 listed companies with a total market capitalization of around 81 trillion Rupees or nearly $1.8 trillion. The BSE is also one of the busiest stock exchanges in the world, currently ranking around number five in terms of annual transactions. The exchange has experienced explosive growth with a four-fold increase in trading volume over the last 15 years."
"As the first stock exchange in India, the Bombay Stock Exchange is considered to have played a very important role in the development of the country's capital markets," says advfn.com. "The Bombay Stock Exchange is the largest of 22 exchanges in India, with over 6,000 listed companies."
The Bombay Stock Exchange utilizes the BSE Sensex, an index of 30 large developed stocks. This index gauges the overall performance of the Bombay Stock Exchange, and is followed from around the world. The BSE equity market has grown considerably since 1990, based on information gleaned from the Sensex.
The BSE also has a market in derivatives in addition to individual stocks, and was the first derivatives market to be established in India. Derivatives listed on the exchange comprise of stock futures and options, index futures and options, and weekly options.
The Bombay Stock Exchange is also enthusiastically involved with the expansion of the retail debt market. "The debt market in India is considered extremely important, as the country continues to develop and depends on this type of investment for growth," says advfn.com. "Until recently, the debt market in India was limited to a wholesale market, with banks and financial institutions as the only participants. The Bombay Stock Exchange believes that a retail market will bring great opportunities to individual investors through better diversification."
"The Bombay Stock Exchange is known as the oldest exchange in Asia. It traces its history to the 1850s, when stockbrokers would gather under banyan trees in front of Mumbai's Town Hall. The location of these meetings changed many times, as the number of brokers constantly increased. The group eventually moved to Dalal Street in 1874 and in 1875 became an official organization known as 'The Native Share & Stock Brokers Association'. In 1956, the BSE became the first stock exchange to be recognized by the Indian Government under the Securities Contracts Regulation Act," says advfn.com on its BSE history page.
Most Popular Articles
- Gold Celtic Ring
- Mechanical Engineering
- Architectural Engineering
- Hot Tubs