Saturday, November 29, 2008

Bombay Stock Market Report

Bombay Stock Exchange Limited or BSE is the oldest stock exchange in Asia located at Dalal Street in Mumbai, India. Established in the year 1875, it is the largest securities exchange in India with more than 6,000 listed Indian companies. Bombay Stock Exchange is also the fifth largest exchange in the world with an equity market capitalization of US $466 billion

Overall performance of BSE is measured using the BSE SENSEX or the BSE 30 index. This index is composed of 30 of the most developed BSE stocks that account for around one-fifth of the entire market. These stocks are selected from specified group shares on the basis of market capitalization, liquidity, depth, trading frequency and industry representation. BSE 30 was introduced in 1986. Apart from BSE 30, there are various other indices used in the BSE. Some of these include BSE 100, BSE 200, BSE 500, BSE PSU, BSE MIDCAP, BSE SMLCAP, BSE AUTO, BSE PHARMA, BSE BANKEX and BSE TEK. Most of these indices are sector-driven and are closely followed around the world.

The Bombay Stock Exchange is the first Indian stock exchange to obtain permanent recognition from Government of India in the year 1956. One of the unique features inside the Bombay Stock Exchange includes the automatic online trading system known as BOLT that ensures an efficient and transparent market for trading in equity, debt instruments and derivatives. The Bombay Stock Exchange has its presence in 417 cities and towns in all corners of India.

The Bombay Stock Exchange has contributed phenomenally to the overall economic development and capital markets in India.

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