This is about Bombay Stock Exchange

2.  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 Asia’s first and
Worlds Fastest Stock Exchange with a speed of 6
microseconds and one of India’s leading
exchange groups and the oldest stock exchange
in the South Asia region.
 Bombay Stock Exchange is the world's 11th largest
stock market by market capitalization at $1.7
trillion as of 23 January 2015, more than 5,000
companies are listed on BSE.

3. BOMBAY STOCK EXCHANGE - HISTORY
 The Bombay Stock Exchange traces its history
to 1855, when four Gujarati and one Parsi
stockbroker would gather under banyan trees in
front of Mumbai's Town Hall.
 The location of these meetings changed many
times as the number of brokers constantly
increased. The group eventually moved to Dalal
Street in 1874 and in 1875 became an official
organization known as "The Native Share &
Stock Brokers Association".

4.  On 31 August 1957, the BSE became the first
stock exchange to be recognized by the Indian
Government under the Securities Contracts
Regulation Act.
 In 1986, it developed the BSE SENSEX index,
giving the BSE a means to measure overall
performance of the exchange.
 The development of SENSEX options along with
equity derivatives followed in 2001 and 2002,
expanding the BSE's trading platform.
 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 fifty days to make this
transition

5.  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 to
enable investors anywhere in the world to trade
on the BSE platform.
BOMBAY STOCK EXCHANGE : VISION
 The main vision of Bombay Stock Exchange is to
"Emerge as the premier Indian stock exchange
with best-in-class global practice in technology,
products innovation and customer service."

6. 1996 To 2000
 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.

7. 2001 To 2010
 1 March 2001 Corporatization 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

8.  11 July 2001 BSE Teck launched, India’s 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

9.  1 April 2002 T+3 settlement Introduced
 1 January 2003 India’s 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.

10.  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 becomes a Corporate
Entity

11.  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 29.06.2007

12.  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

13.  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

14.  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

15. 2011 To 2014
 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 as
BSE ties up with Standard and Poor's to use the
S&P brand for Sensex and other indices.

16.  28 November 2013 Launch of Currency Derivatives (BSE
CDX)
 28 January 2014 Launch of Interest Rate Futures (BSE –IRF)
 11 Feb 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 (µs)
 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

17. 2015
 8 January 2015 BSE commenced live trading
from its Disaster Recovery site in Hyderabad.
 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 Börse T7 powered trading
platform on 28 May 2015
 BSE celebrated its 140th Foundation Day on 9
July 2015

18.  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

19. BOMBAY STOCK EXCHANGE - AWARDS
 BSE has won several awards and recognition.
 Golden Peacock Global Award for Excellence in
Corporate Governance for the year 2015
 Lokmat HR Leadership Award at Mumbai in
June-2014
 50 most talented global HR leaders in Asia at
the World HRD congress at Mumbai in
February-2014
 FIICI-Frames Best Animation Film-International
Category for the Investor Education television
commercial

20.  India Innovation Award for Big Data
Implementation
 ICICI Lombard & ET Now Risk Manager Award
in BFSI Category
 SKOCH Order of Merit for E-Boss for qualifying
among India’s Best 2013
 SKOCH Financial Award 2013 Financial
Inclusion Awards – 2011
 Indian Merchant Chamber Award in the Large
Enterprise Category for use of Information
Technology

21.  Best Managed Financial Derivatives Exchange in
the Asia Pacific by The Asian Banker
 The Golden Peacock Global CSR Award for its
initiatives in Corporate Social Responsibility
 BSE has won NASSCOM – CNBC-TV18’s IT User
Awards, 2010 in Financial Services category
 BSE has won Skoch Virtual Corporation 2010
Award in the BSE StAR MF category
 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

22.  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
 CIO of the Year- Financial Sector: Ashishkumar
Chauhan, Dy Chief Executive Officer, Bombay
Stock Exchange
 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

23. Important functions of stock exchange are as
follows:
(1) Providing Liquidity and Marketability to
Existing Securities:
 Stock exchange is a market place where
previously issued securities are traded. Various
types of securities are traded here on regular
basis.
 Whenever required, an investor can invest his
money through this market into securities and can
reconvert this investment into cash. Availability of
ready market for sale and purchase of securities
increases their marketability and enhances
liquidity.

24. (2) Pricing of Securities:
 A stock exchange provides platform to deal in securities. The
forces of demand and supply work freely in the stock exchange.
In this way, prices of securities are determined
(3) Safety of Transactions:
 Stock exchanges are organised markets. They fully protect the
interest of investors. Each stock exchange has its own laws and
bye-laws. Each member of stock exchange has to follow them
and if any member is found violating them, his membership is
cancelled.
 For instance, if any broker working in stock exchange charges
more commission than stipulated from any investor or misleads
him in any other way, then the management committee of the
stock exchange can fine the broker and even his membership
can be cancelled

25. (4) Contributes to Economic Growth:
 A stock exchange provides liquidity to
securities. This gives the investor a double
benefit-first, the benefit of the change in the
market price of securities can be taken
advantage of, and secondly, in case of need
for money they can be sold at the existing
market price at any time.
 These advantages provided by the share
market encourage the people to invest their
money in securities. In this way, people’s
money gets invested in industries and
economic development becomes possible

26. (5) Spreading Equity Cult:
 Share market collects every type of information
(more particularly about their economic condition)
in respect of the listed companies. Generally, this
information is published or in case of need
anybody can get it from the stock exchange free
of any cost.
 In this way, the stock exchange guides the
investors by providing various types of
information. Consequently, the number of
shareholders in companies is increasing
continuously. Thus, the stock exchanges are
playing a vital role in ensuring wider share
ownership

27. (6) Providing Scope for Speculation:
 When securities are purchased with a view to
getting profit as a result of change in their
market price, it is called speculation. It is
allowed or permitted under the provisions of
the relevant Act. It is accepted that in order to
provide liquidity to securities, some scope for
speculation must be allowed. The share
market provides this facility.

28. List of BSE SENSEX companies as of April
2015
 Bajaj Auto Ltd
 Bharat Heavy Electricals Ltd
 Bharti Airtel Ltd
 Cipla Ltd
 Coal India Ltd
 Dr. Reddy's Laboratories Ltd
 GAIL
 HDFC
 HDFC Bankrp

29.  Hindalco
 HUL
 ICICI Bank
 Infosys
 ITC
 Larsen
 Lupin
 M&M
 NTPC Ltd
 Oil and Natural Gas Corporation Ltd
 Reliance Industries Ltd

30.  VEDENTA Ltd
 State Bank of India
 Sun Pharmaceutical Industries Ltd
 Tata Consultancy Services Ltd
 Tata Motors Ltd
 Maruti Suzuki Ltd
 Tata Steel Ltd
 Wipro Ltd