Bombay Stock Exchange Of India
The Bombay Stock Exchange (BSE India) is the oldest stock exchange in Asia and the
first in India. Established in 1875 as an AOP (Association of Persons), BSE India
is now a corporatized and demutualised entity incorporated under the provisions
of the Companies Act, 1956. With demutualization, BSE India has Deutsche Börse and
Singapore Stock Exchange as its strategic partners, two of world's best managed
stock exchanges providing BSE live updates to the investors in their countries.
The Bombay Stock Exchange (BSE India) is situated at Dalal Street in Mumbai and
has over 5,000 companies that are listed on it. The BSE India uses the latest technologies
in the IT field to provide a single place where traders from across the world can
buy and sell a stock in the Indian stock market.
Today, BSE India is the world's number one stock exchange in terms of the number
of listed companies and the world's fifth in transaction numbers. The market capitalization
as on August 31, 2009 stood at USD 1.09 trillion. For easy reference, a stock listed
on the BSE India is classified into A, B, S, T and Z groups. The Bombay Stock Exchange
(BSE India) also offers electronic trading system called BOLT providing BSE live
BSE India also offered India's first stock market index the Sensex (Sensitive index).
It is an index of 30 stocks representing 12 major sectors. The Sensex is constructed
on a 'free-float' methodology, and is sensitive to movement of its constituents
and market sentiments. Apart from the SENSEX, the BSE India offers 21 indices, including
12 sectoral indices in
Indian share market.
BSE India has an index cooperation agreement with Deutsche Borse stock exchange
so the SENSEX and other indices are available to investors in Europe and America
and investors are also able to check live BSE stock quotes there. Barclays Global
Investors through its iSharesÂ® brand, has created an ETF (Exchange Traded Fund)
which tracks the SENSEX. The ETF enables investors in Hong Kong to take an exposure
to share market India.
Bombay Stock Exchange (BSE India) Sources: