Bombay Stock Exchange

BSE

Type Stock exchange

Location Mumbai, Maharashtra, India

185547N 725001E18.929681N
Coordinates
72.833589E

Founded 1875

Owner BSE Limited

Key people Ashishkumar Chauhan (MD & CEO)

Currency Indian rupee ()

 No. of listings 5,749[citation needed]

Market cap US$ 1.7 trillion (23 Jan 2015)[1]

Volume US$ 93 billion (June 2014)[1]

BSE SENSEX
BSE Small Cap
Indices
BSE Mid-Cap
BSE 500

The Bombay Stock Exchange (BSE) is an Indian stock exchange located at Dalal Street, Kala
Ghoda, Mumbai, Maharashtra, India. Established in 1875, the BSE is Asias first stock exchange
and the world's fastest stock exchange with a median trade speed of 6 microseconds.[2] The BSE
is the world's 11th largest stock exchange with an overall market capitalization of $1.7 trillion as
of January 23rd, 2015.[3] More than 5500 companies are publicly listed on the BSE.

Contents
[hide]

1 History

o 1.1 Timeline

1.1.1 1996 To 2001

1.1.2 2001 To 2010

1.1.3 2011 To 2014

1.1.4 2015

2 Hours of operation

3 Indices

4 Awards
 5 See also

6 References

7 External links

History[edit]
The BOMBAY STOCK EXCHANGE is the oldest exchange in Asia. Its history dates back to
1855, when five stockbroker would gather under banyan trees in front of Mumbai's Town Hall.
The location of these meetings changed many times to accommodate an increasing number of
brokers. The group eventually moved to Dalal Street in 1874 and in became an official
organization known as "The Native Share & Stock Brokers Association" in 1875.

On August 31, 1957, the BSE became the first stock exchange to be recognized by the Indian
Government under the Securities Contracts Regulation Act. In 1980, the exchange moved to the
Phiroze Jeejeebhoy Towers at Dalal Street, Fort area. In 1986, it developed the BSE SENSEX
index, giving the BSE a means to measure the overall performance of the exchange. In 2000, the
BSE used this index to open its derivatives market, trading SENSEX futures contracts. The
development of SENSEX options along with equity derivatives followed in 2001 and 2002,
expanding the BSE's trading platform.

Historically an open outcry floor trading exchange, the Bombay Stock Exchange switched to an
electronic trading system developed by CMC Ltd. in 1995. It took the exchange only 50 days to
make this transition. This automated, screen-based trading platform called BSE On-Line Trading
(BOLT) had a capacity of 8 million orders per day. The BSE has also introduced a centralized
exchange-based internet trading system, BSEWEBx.co.in to enable investors anywhere in the
world to trade on the BSE platform.[4]

The BSE is also a Partner Exchange of the United Nations Sustainable Stock Exchange initiative,
joining in September 2012.[5]

Timeline[edit]

This section is in a list format that may be better presented using prose. You can
help by converting this section to prose, if appropriate. Editing help is available.
(February 2015)

The following is a complete timeline of the BSE.

1996 To 2001[edit]

19 August 1996 First major SENSEX revamp* 22 March 1999 Central Depository
Services Limited (CDSL) set up with other financial institutions
 1 June 1999 Interest rate swaps (IRS) / Forward Rate Agreements (FRA) allowed

15 July 1999 CDSL commences work

11 October 1999 SENSEX closed above 5000

11 February 2000 SENSEX crosses 6000 intra-day

9 June 2000 Equity Derivatives introduced

2001 To 2010[edit]

1 March 2001 Corporatisation of Exchanges proposed by the Union Govt.

1 February 2001 BSE Webx Launched

1 June 2001 Index Options launched

4 June 2001 BSE PSU index introduced

15 June 2001 WDM operations at commenced

2 July 2001 Value at risk model introduced for margin requirement calculation

9 July 2001 Stock options launched

11 July 2001 BSE Teck launched, Indias First free float index

25 July 2001 Dollex 30 launched

1 November 2001 Stock futures launched

29 November 2001 100% book building allowed

31 December 2001 All securities clearing move to T+5 (trade date + 5 days)

1 February 2002 Two way fungibility for ADR/GDR

15 February 2002 Negotiated Dealing System (NDS) established

1 April 2002 T+3 settlement Introduced

1 January 2003 Indias first ETF on SENSEX SPICE' introduced

 16 January 2003 Retail trading in G Sec

1 April 2003 T+2 settlement Introduced

1 June 2003 Bankex launched

1 September 2003 SENSEX shifted to free-float methodology

1 December 2003 T group launched

2 June 2004 SENSEX closes over 6000 for the first time (564.71 points, 11.14%)

17 May 2004 Second biggest fall of all time, Circuit filters used twice in a day (the
Scheme) announced by SEBI

20 May 2005 The BSE (Corporatisation and Demutualisation) Scheme, 2005

8 August 2005 Incorporation of Bombay Stock Exchange Limited

12 August 2005 Certificate of Commencement of Business

19 August 2005 BSE became a Corporate Entity

7 February 2006 SENSEX closed above 10000

7 July 2006 BSE Gujarati website launched

21 October 2006 BSE Hindi website launched

2 November 2006 ishares BSE SENSEX India Tracker listed at Hong Kong Stock
Exchange

2 January 2007 Launch of Unified Corporate Bond Reporting platform: Indian Corporate
Debt Market (ICDM)

7 March 2007 Singapore Exchange Limited entered into an agreement to invest in a 5%

stake in BSE

16 May 2007 Appointed Date under the Scheme i.e. Date on which Corporatisaton and
Demutualisation was achieved. Notified by SEBI in the Official Gazette on 29 June 2007

10 January 2008 SENSEX All-time high 21206.77

1 October 2008 Currency Derivatives Introduced

 18 May 2009 The SENSEX raised 2110.70 points (17.34%) and Index-wide upper circuit
breaker applied

7 August 2009 BSE USE Form Alliance to Develop Currency & Interest Rate

24 August 2009 BSE IPO Index launched

1 October 2009 Bombay Stock Exchange introduces trade details facility for the Investors

5 October 2009 BSE Introduces New Transaction Fee Structure for Cash Equity Segment

18 December 2009 BSE's new derivatives rates to lower transaction costs for all

4 January 2010 Market time changed to 9.0 a.m. 3.30 p.m.

20 January 2010 BSE PSU website launched

22 April 2010 New DBM framework @ Rs.10 lakhs 90% reduction in Membership
Deposit

12 May 2010 Dissemination of Corporate Action information via SWIFT platform

23 July 2010 Options on BOLT

21 September 2010 First to introduce Mobile-based Trading

29 September 2010 Introduction of Smart Order Routing (SOR)

4 October 2010 EUREX SENSEX Futures launch

11 October 2010 Launch of Fastrade on Web (FoW) Exchange hosted platform

5 November 2010 SENSEX closes above 21,000 for the first time

12 November 2010 Commencement of Volatility Index

22 November 2010 Launch of SLB

10 December 2010 Launch of SIP

27 December 2010 Commencement of Shariah Index

2011 To 2014[edit]
 17 November 2011 Maharashtra and United Kingdom Environment Ministers launched
Concept Note for BSE Carbon Index

30 December 2011, picks up a stake in the proxy advisory firm, Institutional Investor
Advisory Services India Limited (IiAS)

7 January 2011 BSE Training Institute Ltd. with IGNOU launched India's first 2-year
full-time MBA programme specialising in Financial Market

15 January 2011 Co-location facility at BSE&n[6] as BSE ties up with Standard and Poor's
to use the S&P brand for Sensex and other indices.[7]

28 November 2013 Launch of Currency Derivatives (BSE CDX)

28 January 2014 Launch of Interest Rate Futures (BSE IRF)

11 February 2014 Launch of Institutional Trading Platform on BSE SME

20 March 2014 BSE Launches New Debt Segment

4 April 2014 BSE SME exceeds USD 1 billion market capitalisation

7 April 2014 Launch of Equity Segment on BOLT Plus with Median Response Time of
200 (s)

27 May 2014 BSE felicitated at The Asian Banker Summit 2014

26 September 2014 BSE inks MoU with BNY Mellon

22 October 2014 BSE inks strategic partnership with YES BANK

28 November 2014 BSE listed cos market cap crosses landmark 100 lakh crore

12 December 2014 Market Cap of BSE SME listed companies crosses landmark 10,000
crore

2015[edit]

8 January 2015 BSE commenced live trading from its Disaster Recovery site in
Hyderabad [8]

Asia Index Private Limited launches S&P BSE AllCap, S&P BSE SENSEX Leverage
and Inverse Indices on 16 April 2015
 BSE introduces overnight investment product on 18 May 2015

BSE exceeds 1 billion derivatives contracts on its new Deutsche Brse T7 powered
trading platform on 28 May 2015

BSE celebrated its 140th Foundation Day on 9 July 2015

BSE SME successfully completes listing of 100 SMEs under its SME umbrella on 16
July 2015

BSE witnesses its fourth largest fall in history on a single day of 1,625 points dated 24
August 2015

BSE becomes the fastest exchange in the world with a median response speed of 6
microseconds on 13 October 2015[9]

Hours of operation[edit]
Session Timing
Pre-open Trading Session 09:00 09:15
Trading Session 09:15 15:30
Position Transfer Session 15:40 16:00
Closing Session 15:40 16:00
Option Exercise Session 17:07

The hours of operation for the BSE quoted above are stated in terms of the local time (GMT +
5:30). BSE's normal trading sessions occur on all days of the week except weekends and
holidays declared by the Exchange in advance.[10]

Indices[edit]

Graph of S&P BSE SENSEX monthly data from January 1991 to May 2013
The launch of SENSEX in 1986 was later followed up in January 1989 by the introduction of the
BSE National Index (Base: 198384 = 100). It comprised 100 stocks listed at five major stock
exchanges in India Mumbai, Calcutta, Delhi, Ahmedabad and Madras. The BSE National
Index was renamed BSE-100 Index from 14 October 1996 and, since then, its calculations take
into consideration only the prices of stocks listed at BSE.

BSE launched the dollar-linked version of BSE-100 index on 22 May 2006, the "BSE-200" and
the "DOLLEX-200" on 27 May 1994, the BSE-500 Index and 5 sectoral indices in 1999, and the
BSE-PSU Index, DOLLEX-300, and the BSE TECk Index (the country's first free-float based
index) in 2001. Over the years, BSE shifted all its indices to the free-float methodology (except
BSE-PSU index).

The BSE disseminates information on the Price-Earnings Ratio, the Price to Book Value Ratio,
and the Dividend Yield Percentage of all its major indices on day-to-day basis. The values of all
BSE indices are updated on a real-time basis during market hours and displayed through the
BOLT system, the BSE website, and news wire agencies. All BSE Indices are reviewed
periodically by the BSE Index Committee. This Committee, which comprises eminent
independent finance professionals, frames the broad policy guidelines for the development and
maintenance of all BSE indices. The BSE Index Cell carries out the day-to-day maintenance of
all indices and conducts research on development of new indices.[11]

SENSEX is significantly correlated with the stock indices of other emerging markets.[12][13]

Awards[edit]
The BSE has won several awards and recognitions.

Golden Peacock Global Award for Excellence in Corporate Governance for the year
2015[14]

Lokmat HR Leadership Award at Mumbai in June-2014 [15]

50 most talented global HR leaders in Asia at the World HRD congress at Mumbai in
February-2014 [16]

FIICI-Frames Best Animation Film-International Category for the Investor Education

television commercial [17]

India Innovation Award for Big Data Implementation

ICICI Lombard & ET Now Risk Manager Award in BFSI Category [18]

SKOCH Order of Merit for E-Boss for qualifying among Indias Best 2013 [19]

SKOCH Financial Award 2013 [20]

 Financial Inclusion Awards 2011 [21]

Indian Merchant Chamber Award in the Large Enterprise Category for use of Information
Technology [22]

Best Managed Financial Derivatives Exchange in the Asia Pacific by The Asian Banker
[23]

The Golden Peacock Global CSR Award for its initiatives in Corporate Social
Responsibility [24]

BSE has won NASSCOM CNBC-TV18s IT User Awards, 2010 in Financial Services
category [25]

BSE has won Skoch Virtual Corporation 2010 Award in the BSE StAR MF category [26]

Responsibility Award (CSR), by the World Council of Corporate Governance

Annual Reports and Accounts of BSE have been awarded the ICAI awards for excellence
in financial reporting for four consecutive years from 2006 onwards [27]

Human Resource Management at BSE has won the Asia Pacific HRM awards for its
efforts in employer branding through talent management at work, health management at
work and excellence in HR through technology [28]

CIO of the Year- Financial Sector: Ashishkumar Chauhan, Dy Chief Executive Officer,
Bombay Stock Exchange [29]

The World Council of Corporate Governance has awarded the Golden Peacock Global
CSR Award in financial sector for BSE's initiatives in Corporate Social Responsibility
(CSR) in 2007.[30]

See also[edit]
Companies listed on the Bombay Stock Exchange (category)

Clause 49

National Stock Exchange of India

List of South Asian stock exchanges

References[edit]
1. ^ Jump up to: a b http://www.world-exchanges.org/statistics/monthly-reports

2. Jump up ^ "BSE becomes world's fastest stock exchange: Ashishkumar Chauhan - The Economic
Times". The Economic Times. Retrieved 2015-12-09.

3. Jump up ^ World-exchanges.org

4. Jump up ^ "BSEIndia". BSEIndia. Retrieved 28 July 2010.

5. Jump up ^ "Bombay Stock Exchange (BSE) commits to promoting sustainability". UNCTAD.

6. Jump up ^ bsp; tie up with Netmagic.com

22 February 2012 Launch of BSE-GREENEX to promote investments in Green India

13 March 2012 Launch of BSE SME Exchange Platform

30 March 2012 BSE launched trading in BRICSMART indices derivatives

19 February 2013 SENSEX becomes S&P SENSEX

7. Jump up ^ Vyas Mohan (19 February 2013). "Sensex to carry S&P tag". Livemint. Retrieved 14
June 2013.

8. Jump up ^ Our Bureau. "BSE trading from Hyderabad DR site". The Hindu Business Line.

9. Jump up ^ "BSE becomes world's fastest stock exchange: Ashishkumar Chauhan - The Economic
Times". The Economic Times. Retrieved 2016-01-10.

10. Jump up ^ Market Hours, Bombay Stock Exchange via Wikinvest

11. Jump up ^ "BSEIndia". BSEIndia. Retrieved 26 August 2010.

12. Jump up ^ "BSE SENSEX Index Chart Yahoo! Finance". Finance.yahoo.com. Retrieved 28
July 2010.

13. Jump up ^ http://www.reutersindia.net/ Asia Technical Analysis with Phil Smith

14. Jump up ^ (PDF) http://www.goldenpeacockawards.com/images/result/gpa-result-sheet-cg-sust-

ima-2015.pdf. Missing or empty |title= (help)

15. Jump up ^ "World HRD Congress". worldhrdcongress.com.

16. Jump up ^ "CHRO Asia". chroasia.org.

17. Jump up ^ http://www.ficci-frames.com/winners.pdf

18. Jump up ^ "ET-ICICI". indiatimes.com.

19. Jump up ^ "Skoch Renaissance Awards 2013". skoch.in.

20. Jump up ^ Bhupendra. "Bombay Stock Exchange". financialinclusion.in.

21. Jump up ^ "Financial Inclusion - Awardees". financialinclusion.in.

22. Jump up ^ ":: IMC IT Awards - Excellence Awards in IT ::". imc-itawards.in.

23. Jump up ^
http://www.asianbankerawards.com/financialmarkets/press/2014/PressReleaseBestManagedClearingHouse
%202014.pdf

24. Jump up ^ http://www.goldenpeacockawards.com/past-winners/gpgacsr.html

25. Jump up ^ "Winners - NASSCOM". nasscom.in.

26. Jump up ^ Administrator. "Skoch Digital Inclusion Awards 2012". digitalinclusion.in.

27. Jump up ^ http://220.227.161.86/25393awardees2008-09.pdf

28. Jump up ^ "Asia Pacific HRM Congress 2015". asiapacifichrmcongress.com.

29. Jump up ^ Administrator. "CIO of the Year- Financial Sector: Ashishkumar Chauhan, Dy Chief
Executive Officer, Bombay Stock Exchange". digitalinclusion.in.

30. Jump up ^ "Golden Peak Awards for CSR". http://www.goldenpeacockawards.com/. Golden Peak
Awards. Retrieved