Bombay exchange stock
The Bombay Stock Exchange is located in Mumbai in India and is popularly known as BSE. It is to be noted here that it is the oldest stock exchange not only in India but also in Asia. The Dalal Street in Mumbai has the owner of having this exchange. It was established in the year 1875. As far as the number of companies that are listed on BSE is concerned, there are many companies that are listed on this exchange. Around 4800 are listed at this exchange, which of course is a huge number. Let us now discuss some of the statistics pertaining to BSE.
BSE STATISTICS
As the number of companies that are listed at this exchange is quite huge, it is obvious that the trading volume at this exchange would also be significant. It is important to note there that in the month of May 2007, the total equity market capitalization of the various companies listed at the exchange was about $999 billion. The BSE Sensex, short form of BSE Sensitive Index, is the commonly used market index in the country and is also called as BSE 30. This is because it comprises 30 major listed companies that tend to change with time depending upon market capitalization etc. Even in other countries in Asia, BSE is commonly used for making references. The Bombay Stock Exchange is a value weighted index and thus, it is composed of 30 major scrip pertaining to the 30 major listed companies. As far as the base year is concerned, it is taken as April 1978=100. The 30 companies that make up the Index are not frequently changing as in the past 20 years ; only some of the companies have been changed. Thus, there is good consistency as far as the composition of BSE 30 is considered. It is also important to note here that these 30 listed companies account for about one-fifth of the total market capitalization of Bombay Stock Exchange. There are also many other indexes apart from BSE and these include BSE500, BSE 100, BSE 200, BSE Teck, BSE Auto, BSE Pharma etc. The stock indices pertain to the various important sectors of the economy like automobiles, pharmaceuticals etc. There is also a BSE FMCG, the index for the Fast Moving Consumer Goods. Let us now discuss about the various other aspects related to Bombay Stock Exchange.
VARIOUS ASPECTS RELATED TO BOMBAY STOCK EXCHANGE
There are many other aspects related to Bombay Stock Exchange that need to be discussed in order to have the complete understanding of the topic. The first one is the BSE Broadcast. This is a large ticker on the wall of BSE and it displays continuously the latest share prices and prices of other stocks. Thus, a person can easily get this quotes and stocks can be bought or sold in order to gain advantage. It is to be understood here that apart from the quotes, the BSE Broadcast also displays the largest video screen in India as well as in South Asia, the NDTV profit. This screen was inaugurated on 15th December 2006. This screen provides the latest quotes as well as information and analysis of various financial aspects across the world.
The Bombay Stock Exchange was initially established as the Native Share and Stock Brokers Association in the year 1875 and then was changed in BSE. The Bombay Stock Exchange is the first stock exchange in the nation to obtain the permanent recognition. It happened in the year 1956 when the Government of India provided the permanent status as per the Securities Contracts Regulation Act 1956. Bombay Stock Exchange has played a very important role in the development of capital market in India. As far as the organization structure is concerned, it consists of Board of Directors and the Board formulates almost all the policy issues regarding the exercise and control of various activities performed at BSE. There are many committees that are constituted by the board and these committees take care of different aspects of BSE. The daily operations at the stock exchange are looked after by the Managing Director and CEO. There is also a management team comprising various professionals that help MD & CEO in performing various tasks.
The reach of BSE is nationwide and it has its presence in about 417 cities and towns in nation that are located across the nation. The various processes and systems of BSE have been designed to safeguard the integrity and to enhance the transparency in the operations. The Bombay Stock Exchange provides a transparent and efficient market for the trading of different types of securities like shares, bonds etc. Apart from this, the debt instruments and derivatives are also traded at the exchange. There is BOLT or the BSE Online Trading System, which is the proprietary system of the exchange and has also got the BS 7799-2-2002 Certification. Also, the settlement and clearing operations as well as the surveillance operations of the exchange are ISO 9001 :2000 Certified.
There has been a greater emphasis that has been given to the technology that is used at the Bombay Stock Exchange in order to strengthen the performance and the functioning of the exchange. The hardware, software and the networking systems of the Bombay Stock Exchange are continuously upgraded by the Operations and Trading Department. This enables the exchange to provide quality services to its various members. It is important to note here that the BOLT capacity of the exchange has been enhanced to 40 lac orders per day. This has been made possible by upgrading the hardware. The BOLD is also certified by DNV for conforming to various standards pertaining to the security as per the BS7799 Specifications. The Bombay Stock Exchange provides comprehensive information about the stock exchange market in India and a person can easily get all
THUS, BOMBAY STOCK EXCHANGE IS QUITE IMPORTANT
After going through the above discussion, it can be rightly said that the Bombay Stock Exchange is a very important exchange not only in India but also in the Asian Continent. It is the oldest stock exchange in Asia and at present, it is the pillar of the capital markets in India. It has contributed greatly to the development of capital market and has its presence in hundreds of cities across the nation.
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