Bombay Stock Exchange – History

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Bombay Stock Exchange (BSE) History

The Bombay Stock Exchange or BSE is an Indian stock exchange which is located at Dalal Street, Mumbai. It was established in the year 1875 and founded by Premchand Roychand, one of the influential businessmen in the 19th century. He was famously known as the Big Bull, the Bullion King or the Cotton King. He was also the founder of Stock Brokers Association, known as BSE and the Native Share.  

Whilst Bombay Stock Exchange Ltd is now synonymous with Dalal Street, however, it was not always so. The very first venue of the earliest stock broker meetings was held in the 1850s under banyan trees, in-front of the Town Hall, where Horniman Circle is presently situated. A year later, the brokers moved to another venue, at the junction of Meadows Street which is now called Mahatma Gandhi Road. With an increase in the number of brokers, they had to shift from one place to another, this would end to overflowing the streets. Last, in the year 1874, the brokers found a permanent place which they can call their own. It was known as Dalal Street or Broker’s Street.  

The Bombay Stock Exchange or BSE is the oldest stock exchange in Asia. On 31st August 1957, The Bombay Stock Exchange became the first stock exchange that was recognized by the Government of India under the Securities Contracts Regulation Act.  

Capital Market of India 

Presently, BSE is decentralized & the managing teams of the exchange consist of a panel of directors. The board members of this stock company include various representatives of trading organizations and other professionals headed by the Managing Director. They take part in the formation of programs, policies, and guidelines to control the entire process of the exchange. Apparently, there are 417 cities and several towns that lie within the fold of BSE. During the year FY 04-05 BSE experienced a phenomenal growth which turned out to be fruitful.  

BSE opening time is 09:15 hours.  

BSE closing time is 15:30 hours.  

TOP TRENDING COMPANIES IN BSE 

Company Name 
 
Reliance 
TCS 
HDFC Bank 
HUL 
Infosys 
ITC 
SBI 
Kotak Mahindra 
ICICI Bank 
Larsen 
Axis Bank 
Bajaj Finance 
ONGC 
Maruti Suzuki 

Bharti Airtel 

Wipro 

Source: moneycontrol.com 

 

IN, SHORT 

Type  Stock Exchange 
Location  Mumbai, Maharashtra, India 
Founded  9 July 1875 
Key people  Vikramajit Sen (chairman), Ashishkumar Chauhan (MD &CEO) 
Currency  Indian rupee 
No. of Listings  5,439 
Indices  BSE SENSEX, S&P BSE SmallCap, S&P BSE MidCapS&P BSE LargeCap, BSE 500 
Website  www.bseindia.com  

Source: wikipedia.org 

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