BSE Limited, also known as the Bombay Stock Exchange (BSE), is a stock exchange in Mumbai, India. It is located on Dalal Street. It is the oldest stock exchange in Asia, as well as the tenth oldest in the world, and was founded in 1875 by cotton merchant Premchand Roychand, a Rajasthani Jain businessman. As of January 2022, the BSE is the ninth largest stock exchange in the world, with a total market capitalization of more than 276.713 lakh crore.
Premchand Roychand founded the Bombay Stock Exchange in 1875. BSE Limited is now synonymous with Dalal Street, but this was not always the case. Five stockbrokers gathered under a Banyan tree in front of Mumbai Town Hall in the 1850s, where Horniman Circle now stands. A decade later, the brokers relocated to another leafy setting, this time beneath banyan trees at the intersection of Meadows Street and what was then known as Esplanade Road, which is now Mahatma Gandhi Road. With the rapid increase in the number of brokers, they were forced to shift positions on a regular basis. Finally, in 1874, the brokers found a permanent home, one they could call their own. In 1875, the broker’s group was incorporated as “The Native Share & Stock Brokers Association.”
The Bombay Stock Exchange continued to operate out of a building near the Town Hall until 1928. The exchange purchased the current site near Horniman Circle in 1928, and a building was built and occupied in 1930. On 12 March 1993, a car bomb exploded in the basement of the building during the 1993 Bombay bombings.
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. Now BSE has raised capital by issuing shares and as of 3 May 2017, the BSE share which is traded in NSE only closed at ₹999.
The BSE is also a Partner Exchange of the United Nations Sustainable Stock Exchange initiative, joining in September 2012.
BSE established India INX on 30 December 2016. India INX is the first international exchange of India.
BSE launches commodity derivatives contracts in gold, silver.
BSE is Asia’s first and the Fastest Stock Exchange in the world with a speed of 6 microseconds and one of India’s leading exchange groups. In 2013, BSE upgraded its technology platform to Bolt Plus, which is based on the business architecture of global giant Deutsche Börse.