Akash Thakur
Bombay Stock Exchange also known as the BSE Limited(BSE, मुंबई रोखे बाजार), is an Indian stock exchange which is located on Dalal Street in Mumbai. Established in 1875 by cotton merchant Premchand Roychand, it is the oldest stock exchange in Asia,and also the tenth oldest in the world.The BSE is one of the world’s largest stock exchanges by market capitalization with a market cap of US$ 3.8 trillion as of June 2023..
This iconic financial institution, now synonymous with Dalal Street, had humble beginnings. In the 1850s, a group of five stock brokers would gather under a Banyan tree near Mumbai Town Hall, presently the location of Horniman Circle. A decade later, they relocated to the junction of Meadows Street and what was then known as Esplanade Road, now called Mahatma Gandhi Road. As the number of brokers grew rapidly, they had to move their operations several times until, in 1874, they found a permanent home. This marked the birth of an official organization known as ‘The Native Share & Stock Brokers Association’ in 1875.
The BSE’s historical journey has seen its fair share of challenges, including a car bomb explosion in the basement during the 1993 Bombay bombings. However, it has also evolved with the times, becoming a Partner Exchange of the United Nations Sustainable Stock Exchange initiative in September 2012. Furthermore, in a significant move, BSE established India INX, India’s first international exchange, on 30 December 2016.
Innovation has been a hallmark of the BSE’s progress. In October 2018, it made history by becoming the first stock exchange in India to introduce commodity derivatives contracts for gold and silver.
An important milestone in its evolution occurred on 19 May 2007 when BSE underwent demutualization and corporatization, in compliance with the BSE (Corporatization and Demutualization) Scheme, 2005 notified by SEBI. Finally, on 3 February 2017, it was listed on the NSE (National Stock Exchange).”
“The Bombay Stock Exchange (BSE) operates efficiently through a sophisticated electronically-managed trading platform, simplifying financial transactions for traders and investors. This platform allows shareholders to place orders online, eliminating the need for external assistance from financial experts. This seamless process is made possible through direct BSE market access provided by the trading portal.
Investors looking to trade on the BSE share market can do so through a brokerage firm, which involves paying a predetermined fee to the broker. However, direct investment options are available primarily to high-volume investors with substantial BSE transactions. To ensure a secure trading environment, BSE employs the Bombay Online Trading Platform (BOLT).
The BSE Sensex stocks adhere to a T+2 transaction settlement system, meaning that each exchange transaction takes two days to complete processing. In India, the stock markets are overseen and regulated by the Securities Exchange Board of India (SEBI). Consequently, the BSE market is obligated to adhere to SEBI’s regulatory guidelines, ensuring the safety of investors and the efficiency of the capital market.”
As a pioneer and established leader in Financial Education, we at BSE Institute focus on creating talent for the BFSI Industry. Spread across multiple domains, the institute groom’s young talent, trains them and makes them job ready for a successful career in the BFSI Industry. Set up as a subsidiary of the World’s Fastest Stock Exchange – BSE Ltd, the Institute leverages its core knowledge from the stock exchange and has the distinct advantage of being at the center of the action – the Financial Capital of India and one of the world’s most rapidly emerging markets.
The Institute focuses on developing skills for employability, education for developing talent, and Innovation driven by entrepreneurs who create jobs. At the Institute, we offer Market designed courses, training by market practitioners, using cutting edge curriculum to ensure that you are job ready – first day, first hour.
You can specialize in any of our domains across – Financial Markets, Financial Technology, Data Science, Cyber Security, Securities Law, Financial Journalism or Leadership Development.
So, if you are looking to embark at a building your career in the BFSI Industry or Capital Markets or upskill yourself while you are already working – then talk to our program counsellors today to help you find the right course for you. With over 150 courses across our catalogue and formats, we are the largest Financial Education provider in the world. Select any format – Classroom, Online or Hybrid for your learning needs. Our learning philosophy is hands on learning, experiential and market linked. Learn from top notch faculty members, who are experts, and who have a track record of success behind them.
Begin your learning journey today. Learn from the market experts always.
Umesh Rariya
Harsh badhoutiya
