About The Bombay Stock Exchange
Go to: Previous Article Next Article
Bombay Stock Exchange is the oldest exchange in Asia action. traces of BSE in 1850. During this period, four and a Gujarati Parsi stockbroker gathered under the banyan tree in front of City Hall in Mumbai. Dalal Street, the group moved in 1874, this organization became known as "The Native Share and Stock Brokers Association.
The scene of the BSE has changed since 1875 when around 300 people became members by paying Re.1 of the BSE. In the year 1956 this organization established the name Bombay Stock Exchange, and it became the first to be recognized by the Indian Government under the Securities Contracts Regulation Act. It developed the BSE Sensex in the year 1986. This gave BSE the means to measure overall performance.
BSE became an electronic trading system in 1995. In the 21st century the development of Sensex lead to expanding BSE's trading platform. These were an automated, screen-based trading platform called Bombay Stock Exchange on-line trading or simply BOLT. The BSE had introduced the very first centralized exchange-based internet trading system.
BSE is one of the exchange, which has the largest number of listed companies in the world. In February 2010, the capital value of listed companies on BSE about 1280 million dollars. This is the fourth Exchange BSE in Asia and eleventh in the world.
BSE has a significant trading volume with over four thousand nine hundred companies listed. The BSE SENSEX is also known as the BSE 30. It is the most widely used market index in India and also in Asia. The National Stock Exchange of India accounts for most of the trading in shares in the country.
The 20th century has not been so good for the BSE. The decades before this, had no scale that could measure the ups and downs in the stock market. In the year 1986 Stock Index-SENSEX was introduced. This Index was considered as the barometer of the Indian stock market.
Bombay Stock Exchange has been awarded the Golden Peacock Global CSR Award in Corporate Social Responsibility. Out of many companies under the BSE, Reliance Money is amongst the largest broking house of financial products. This company has more than 3% of total stock market volume of BSE and NSE. Out of many other companies, Reliance Money has over 20 lakh customers, with over 10,000 branches in more than 5000 cities.
The latest technologies have made web based investment portal-Online Stock Trading popular in many companies. Websites engaging this enable customers to invest and manage most of their services like Equity Trading, Commodity Trading, Mutual Fund Investment, Life Insurance, Money Transfer and Foreign Exchange.
Article Source: Articlelogy.com
- Credit Cards A big selection of Cards in all flavors: Bad Credit Cards, Secured Cards, Prepaid Cards, Canada Cards, Low Interest Cards -
Word Count: 436
Reduce Your Debts Without Bankruptcy. See How Much You Can Save. Free Debt Analysis
