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Bombay Stock Exchange
The Bombay Stock Exchange Limited, officially known as the Stock Exchange, Mumbai, is the main stock exchange in India. It operates a bulk of the share sharing and equity market in the country. It is the oldest stock exchange in Asia and has the most number of listed companies in the world with around 4700 companies.
Owned by the Bombay Stock Exchange Limited, the Bombay Stock Exchange, popularly known as BSE is located at Dalal Street. It was founded in the year 1875 and since then, has become the mainstay of the Indian equity and stock market. On the global scenario, the BSE ranks as the 12th largest stock exchange.
Fast facts about Bombay stock Exchange
The BSE SENSEX (SENSitive indEX) is the index of the stock exchange and is widely used in India and other parts of Asia. It is also sometimes referred to as the “BSE 30”. The bulk of the trading of shares in India takes place in the Bombay Stock Exchange.
Trading sessions of the Bombay Stock Exchange
The BSE operates on all days of the week except Saturdays and Sundays. It also remains closed on holidays. These dates are declared before hand by them. The BSE sessions are:
Services of Bombay Stock Exchange
In addition to the trading of stock and equities, the Bombay Stock Exchange also offers a range of other facilities and services. The main objective of these services is to help the investors to have an easy and hassle free transaction. Some of the well known services in the BSE are:
BSE On-line Trading (BOLT): The online trading process of the BSE provides the services of online screen based trading in equities and securities. Today, BOLT operates around 25,000 Trader Workstations across 359 cities in India.
Investor Services: The Department of Investor Services in the stock exchange provides help and support to the investors and also attends to their problems. It was the first stock exchange in India to offer an amount of Rs.1 million to the protection fund of the investors. The BSE launched a countryside awareness program named 'Safe Investing in the Stock Market' and organized around 264 programs in around 200 cities.
Surveillance: The BSE also offer an On-Line Surveillance System named BOSS to monitor and manage the real time basis regarding price movements, member’s positions, volume positions and so on. The surveillance program also evaluates the cross market alerts, default risks and so on.
BSEWEBX.com: In the year 2001, the first centralized exchange based online trading system was introduced in the world by the BSE. Named as BSEWEBX.com, this online portal allows investors to make trading on the BSE platform.
BSE Training Institute: The training institute of BSE offers a number of training and certification programs in collaboration with premier universities and management institutes for the young students.
Awards won by the Bombay Stock Exchange
Due to its high class operations towards stabilizing the economy of India, the BSE has been the recipient of a number of awards like:
- The Golden Peacock Global CSR Award for Corporate Social Responsibility (CSR).
- The ICAI awards for financial reporting.
- The Asia - Pacific HRM awards for employer branding
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