Financial planning, career development and investing information -

Bombay Stock Exchange India

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 5,300 listed companies, with a total market capitalization of around $1.11 trillion (USD) as of October 2013.  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 the last 15 years.

Vision and Security of the BSE

Additional Resources

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 27.2% annual return when measured by Sensex, the most popular stock index in India, over the last 15 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 October 2013, the average volume of business conducted on the BSE was approximately $7.14 billion each month.
  • The number of shares traded each month on the BSE averaged 28.1 million (YTD October 2013).
  • The total market capitalization for the 5,277 companies traded on the BSE is in the area of $1.11 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 2013 and 2014:

BSE Holiday Schedule 2014

Holiday Date
Milad-un-Nabi January 14, 2014
Maha Shivratri February 28, 2014
Holika Dahan March 17, 2014
Ram Navami April 8, 2014
Dr. Babasaheb Ambedkar Jayanti April 14, 2014
Good Friday April 18, 2014
Id-Ul-Fitr July 28, 2014
Independence Day August 15, 2014
Gandhi Jayanti October 2, 2014
Dussehra/ Vijaya Dashami October 6, 2014
Deepawali October 23, 2014
Guru Nanak Jayanti November 6, 2014
Christmas December 25, 2014

BSE Holiday Schedule 2013

Holiday Date
Milad-un-Nabi January 25, 2013
Holika Dahan March 27, 2013
Good Friday March 29, 2013
Dr. Babasaheb Ambedkar Jayanti April 23, 2013
Id-Ul-Fitr August 8, 2013
Independence Day August 15, 2013
Krishna Janmashtami / Srikrishna Jayanti August 31, 2013
Gandhi Jayanti October 2, 2013
Dussehra October 14, 2013
Idu’l Zuha/Bakrid October 15, 2013
Guru Nanak Jayanti November 17, 2013
Christmas December 25, 2013

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

Copyright © 2006 - 2013 copyright 2004 - 2014