what is BSE? tell me the details about that?
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Answer Posted / abhis
Bombay Stock Exchange is the oldest stock exchange in Asia
with a rich heritage of over 133 years of existence. What
is now popularly known as BSE was established as "The
Native Share & Stock Brokers' Association" in 1875.
BSE is the first stock exchange in the country which
obtained permanent recognition (in 1956) from the
Government of India under the Securities Contracts
(Regulation) Act (SCRA) 1956. BSE's pivotal and pre-eminent
role in the development of the Indian capital market is
widely recognised. It migrated from the open out-cry system
to an online screen-based order driven trading system in
1995. Earlier an Association Of Persons (AOP), BSE is now a
corporatised and demutualised entity incorporated under the
provisions of the Companies Act, 1956, pursuant to the BSE
(Corporatisation and Demutualisation) Scheme, 2005 notified
by the Securities and Exchange Board of India (SEBI). With
demutualisation, BSE has two of world's prominent
exchanges, Deutsche Börse and Singapore Exchange, as its
strategic partners.
Today, BSE is the world's number 1 exchange in terms of the
number of listed companies and the world's 5th in handling
of transactions through its electronic trading system. The
companies listed on BSE command a total market
capitalization of USD Trillion 1.06 as of July, 2009. BSE
reaches to over 400 cities and town nation-wide and has
around 4,937 listed companies, with over 7745 scrips being
traded as on 31st July 09.
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