Bombay Stock Exchange India (BSE)

The Bombay Stock Exchange (BSE), also known as the Stock Exchange Mumbai, is one of the oldest exchanges in all of Asia, dating back to 1875 when it was known as the Native Share and Stock Brokers Association.

The exchange is home to about 5,986 listed companies, with a total market capitalization of around $1.63 trillion (USD) as of July 2016.  The BSE is also one of the busiest stock exchanges in the world, currently ranking around number six in terms of annual transactions.  The exchange has experienced explosive growth, with a four-fold increase in trading volume over 15 years (1998 - 2013).

Vision and Security of the BSE

The vision of the Bombay Stock Exchange is "Emerge as the premier Indian stock exchange by establishing global benchmarks."  This means the exchange is thinking big in terms of customer service and trading activity.  The market has not only experienced explosive growth in terms of trading volume, but also in terms of overall return to investors.

The BSE has averaged a 10.6% annual return when measured by Sensex, the most popular stock index in India, over the last 10 years.  Other important indices originating from the Bombay exchange include the BSE 100, BSE 500, BSEPSU, BSEMIDCAP, BSESMLCAP, and BSEBANKEX.

Protecting the interests of investors dealing in securities is one of the primary objectives of the exchange, which provides this additional security by ensuring remedy of grievances, whether this is against member companies or member / brokers.  Overall guidelines for the marketplace are established by the Securities and Exchange Board of India (SEBI).

The Bombay Stock Exchange has a national reach in India, claiming a presence in 296 towns and cities throughout the country.  The exchange is operated through a unique and proprietary computer system known as the "BSE On Line Trading System" or BOLT.  The exchange has also received ISO 9001:2000 certification in the areas of surveillance and clearing / settlement functions.

Facts and Figures

The following are some of the facts and figures for the volume of trading that occur on the Bombay Stock Exchange:

  • As of July 2016, the average volume of business conducted on the BSE was approximately $9.8 billion each month.
  • The number of shares traded each month on the BSE averaged 34.7 million (YTD July 2016).
  • The total market capitalization for the 5,986 companies traded on the BSE is in the area of $1.63 trillion.  All of the above dollar values are stated in USD.

Bombay Stock Exchange Holidays

The BSE's list of public holidays and trading holidays are different than those found in U.S.-based stock exchanges such as the NYSE EuroNext.  The following table show the holidays that will be observed during the calendar years 2016 and 2017:

BSE Holiday Schedule 2017

Holiday Date
Republic Day January 26, 2016
Maha Shivratri February 19, 2017
Holi March 13, 2017
Good Friday April 14, 2017
May Day May 1, 2017
Buddha Purnima May 10, 2017
Ganesh Chaturthi August 25, 2017
Mahatma Gandhi Jayanthi October 2, 2017
Diwali October 19, 2017
Balipadyami Diwali October 20, 2017
Id-E-Milad December 24, 2017
Christmas December 25, 2017

BSE Holiday Schedule 2016

Holiday Date
Republic Day January 26, 2016
Maha Shivratri February 26, 2016
Holi March 23, 2016
Good Friday March 25, 2016
Mahavir Jayanthi April 14, 2016
May Day May 1, 2016
Buddha Purnima May 21, 2016
Ganesh Chaturthi September 5, 2016
Mahatma Gandhi Jayanthi October 2, 2016
Vijaya Dashami October 11, 2016
Diwali October 30, 2016
Guru Nanak Jayanthi November 14, 2016
Id-E-Milad December 13, 2016
Christmas December 26, 2016

 

Trading Hours / Session Timing

The following is a table of the session timing / hours of operation for trading that occurs on the BSE.  These times apply to both the equities and derivatives markets.  They also indicate the schedule for the start and finish of electronic trading sessions on the BSE.

BSE Hours of Operation
Beginning of the Day Session 8:00 - 9:00
Login Session 9:00 - 9:15
Trading Session 9:15 - 15:30
Position Transfer Session 15:30 - 15:50
Closing Session 15:50 - 16:05
Option Exercise Session 16:05 - 16:35
Margin Session 16:35 - 16:50
Query Session 16:50 - 17:35
End of Day Session 17:35

The hours of operation for the BSE quoted above are stated in terms of the local time in Mumbai, India (also known as Bombay).  This translates into a standard time zone UTC/GMT +5:30.


About the Author - Bombay Stock Exchange India (BSE) (Last Reviewed on August 30, 2016)