Facts about Bombay Stock Exchange (BSE)

  • Bombay Stock Exchange (BSE), is an Indian stock exchange located on Dalal Street in Mumbai.
  • It was started in 1875, by Premchand Roychand.
  • It is the oldest stock exchange in South Asia and also the 10th oldest in the world.
  • In the 1850s, five stock brokers gathered together under Banyan tree in front of Mumbai Town Hall, where Horniman Circle is now situated.
  • The brokers group became an official organization known as “The Native Share & Stock Brokers Association” in 1875.
  • On 31 August 1957, the BSE became the first stock exchange to be recognized by the Indian Government under the Securities Contracts Regulation Act.
  • Construction of the present building, the Phiroze Jeejeebhoy Towers at Dalal Street, Fort area, began in the late 1970s and was completed and occupied by the BSE in 1980.
  • Initially named the BSE Towers, the name of the building was changed soon after occupation, in memory of Sir Phiroze Jamshedji Jeejeebhoy, chairman of the BSE since 1966, following his death.
  • BSE established India INX on 30 December 2016. India INX is the first international exchange of India.
  • In 1986, the BSE developed the S&P BSE SENSEX index, giving the BSE a means to measure the overall performance of the exchange.
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Author and Assistant Professor in Finance, Ardent fan of Arsenal FC. Always believe "The only good is knowledge and the only evil is ignorance - Socrates"
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