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Visit To Bombay Stock Exchange (BSE) - Report
Visit To Bombay Stock Exchange (BSE) - Report
ON
INDUSTRIAL VISIT
TO
BOMBAY STOCK EXCHANGE
(BSE)
Shoaib Najeeb
Bombay Stock Exchange is the oldest stock exchange in Asia with a rich heritage, now
spanning three centuries in its 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 1956. BSE's pivotal and
pre-eminent role in the development of the Indian capital market is widely recognized. It
migrated from the open outcry system to an online screen-based order driven trading system
in 1995.
The time was ‘2’pm when we finally started walking towards the side entrance after crossing
the road and it was like a carnival there. Too many visitors trying to get into the building at
the same time and there were men in uniform under sun umbrellas blocking the free
movement of visitors at the entrance. From a distance where I stood, they seemed like street
vendors to me. Only when I got closer to the entrance did I realise that they were actually
security personnel and the sun umbrellas were frisking counters.
After the frisking episode and leaving behind our cameras at the counter, we were all lead to
a spacious audio-visual room. There we were greeted by one of the BSE staff and later on we
were introduced to one of trainers there at Bombay Stock Exchange who had a presentation
ready for us. The presentation was very informative and was aimed at providing a very clear
picture about the stock markets and how Bombay Stock Exchange functions.
Getting into details of the topics discussed in the presentation, firstly the talks mostly
revolved around the economic recession which adversely affected the stock markets back in
Feb 2009, the time of our visit. Then the talks shifted to stock market basics like
The presentation ended with the trainer introducing us to the variety of courses offered by
Bombay Stock Exchange and luckily there was no love lost between the trainer and our class
even after the lengthy presentation.
After the presentation got over, we were all taken to the cafeteria for tea. By now it was
around ‘4’ in the evening and almost everyone appreciated the ‘hot’ tea that was served.
More than the tea, it was the view from the cafeteria windows that caught my attention. We
were in fact quite high up so as to get a spectacular view of the city through the windows.
Cool breeze sweeping in through the open window and looking out at the vastness of the
Mumbai city, taking occasional sips from the hot cup of tea in my hand was truely an
amazing experience. After finishing tea, we all got together for a photo session with our
guide for the day. CLICK!!! CLICK!!!
The photo session ended and soon we were escorted out of the building. At around half past
four, we were again at the same place right across the street from BSE wondering where our
bus had gone. While waiting for the bus to arrive we started doing what we were good at –
clicking away like crazy using our cams.
Finally the bus arrived and boarding the bus I took one last look at the large bull statue in
front of the BSE building.
-Shoaib najeeb-