The Bombay Stock Exchange is known as the oldest exchange in Asia. It traces its history to the 1850s when An informal group of 22 stockbrokers had been trading under a banyan tree opposite the Town Hall of Bombay from mid-1850s. This banyan tree still stands in Horniman Circle Park, Mumbai. The location of these meetings changed many times, as the number of brokers constantly increased. The group eventually moved to Dalal Street in 1874. In 1875 this informal group of stockbrokers organized themselves as “The Native Share and Stockbrokers Association†which, in 1875, was formally organized as the Bombay Stock Exchange (BSE).
In 1956, the BSE became the first stock exchange to be recognized by the Indian Government under the Securities Contracts Regulation Act.
BSE is the oldest stock exchange in Asia, the second being the Tokyo Stock Exchange, established in 1878.
Premchand Roychand was a leading stockbroker of that time, and he assisted in setting out traditions, conventions, and procedures for the trading of stocks at Bombay Stock Exchange and they are still being followed.
Dalal Street
James M. Maclean inaugurated the Brokers’ Hall in January 1899. After the First World War, BSE was shifted to an old building, near the Bombay Town Hall and in 1928, the plot on which the BSE building now stands, on Dalal Street, was acquired, and a building was constructed in 1930.
The Bombay Stock Exchange followed the familiar outcry system for stock trading, which was replaced, in the year 1995, with screen-based eTrading. BSE is presently housed in a 28-storied Jeejeebhoy Towers, where the older structure once stood: the present building derives its name from Sir Phiroze Jamshedjee Jeejeebhoy, the chairman of the Bombay Stocke Exchange from 1966, until his death in 1980.
BSE Sensex
Following is the timeline on the rise and rise of the Sensex through Indian stock market history.
1830's Business on corporate stocks and shares in Bank and Cotton presses started in Bombay.
1860-1865 Cotton price bubble as a result of the American Civil War
1870 - 90's Sharp increase in share prices of jute industries followed by a boom in tea stocks and coal
1900s
1978-79 Base year of Sensex, defined to be 100.
1986 Sensex first compiled[5]using a market Capitalization-Weighted methodology for 30 component stocks representing well-established companies across key sectors.
Wednesday, July 8, 2009
History of Bombay Stock Exchange
The Bombay Stock Exchange is known as the oldest exchange in Asia. It traces its history to the 1850s when An informal group of 22 stockbrokers had been trading under a banyan tree opposite the Town Hall of Bombay from mid-1850s. This banyan tree still stands in Horniman Circle Park, Mumbai. The location of these meetings changed many times, as the number of brokers constantly increased. The group eventually moved to Dalal Street in 1874. In 1875 this informal group of stockbrokers organized themselves as “The Native Share and Stockbrokers Association†which, in 1875, was formally organized as the Bombay Stock Exchange (BSE).
In 1956, the BSE became the first stock exchange to be recognized by the Indian Government under the Securities Contracts Regulation Act.
BSE is the oldest stock exchange in Asia, the second being the Tokyo Stock Exchange, established in 1878.
Premchand Roychand was a leading stockbroker of that time, and he assisted in setting out traditions, conventions, and procedures for the trading of stocks at Bombay Stock Exchange and they are still being followed.
Dalal Street
James M. Maclean inaugurated the Brokers’ Hall in January 1899. After the First World War, BSE was shifted to an old building, near the Bombay Town Hall and in 1928, the plot on which the BSE building now stands, on Dalal Street, was acquired, and a building was constructed in 1930.
The Bombay Stock Exchange followed the familiar outcry system for stock trading, which was replaced, in the year 1995, with screen-based eTrading. BSE is presently housed in a 28-storied Jeejeebhoy Towers, where the older structure once stood: the present building derives its name from Sir Phiroze Jamshedjee Jeejeebhoy, the chairman of the Bombay Stocke Exchange from 1966, until his death in 1980.
BSE Sensex
Following is the timeline on the rise and rise of the Sensex through Indian stock market history.
1830's Business on corporate stocks and shares in Bank and Cotton presses started in Bombay.
1860-1865 Cotton price bubble as a result of the American Civil War
1870 - 90's Sharp increase in share prices of jute industries followed by a boom in tea stocks and coal
1900s
1978-79 Base year of Sensex, defined to be 100.
1986 Sensex first compiled[5]using a market Capitalization-Weighted methodology for 30 component stocks representing well-established companies across key sectors.
In 1956, the BSE became the first stock exchange to be recognized by the Indian Government under the Securities Contracts Regulation Act.
BSE is the oldest stock exchange in Asia, the second being the Tokyo Stock Exchange, established in 1878.
Premchand Roychand was a leading stockbroker of that time, and he assisted in setting out traditions, conventions, and procedures for the trading of stocks at Bombay Stock Exchange and they are still being followed.
Dalal Street
James M. Maclean inaugurated the Brokers’ Hall in January 1899. After the First World War, BSE was shifted to an old building, near the Bombay Town Hall and in 1928, the plot on which the BSE building now stands, on Dalal Street, was acquired, and a building was constructed in 1930.
The Bombay Stock Exchange followed the familiar outcry system for stock trading, which was replaced, in the year 1995, with screen-based eTrading. BSE is presently housed in a 28-storied Jeejeebhoy Towers, where the older structure once stood: the present building derives its name from Sir Phiroze Jamshedjee Jeejeebhoy, the chairman of the Bombay Stocke Exchange from 1966, until his death in 1980.
BSE Sensex
Following is the timeline on the rise and rise of the Sensex through Indian stock market history.
1830's Business on corporate stocks and shares in Bank and Cotton presses started in Bombay.
1860-1865 Cotton price bubble as a result of the American Civil War
1870 - 90's Sharp increase in share prices of jute industries followed by a boom in tea stocks and coal
1900s
1978-79 Base year of Sensex, defined to be 100.
1986 Sensex first compiled[5]using a market Capitalization-Weighted methodology for 30 component stocks representing well-established companies across key sectors.
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