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 5,069 listed companies, with a total market capitalization of around $2.23 trillion (USD) as of August 2018. 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).
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 13.71% annual return when measured by Sensex, the most popular stock index in India, over the last 10 years (2008 - 2018). 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.
The following are some of the facts and figures for the volume of trading that occur on the Bombay Stock Exchange:
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 2018 and 2019:
|Republic Day||January 26, 2017|
|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|
|Republic Day||January 26, 2018|
|Maha Shivratri||February13, 2018|
|Holi||March 2, 2018|
|Mahavir Jayanthi||March 29, 2018|
|Good Friday||March 30, 2018|
|May Day||May 1, 2018|
|Independence Day||August 15, 2018|
|Bakri Id||August 22, 2018|
|Ganesh Chaturthi||September 5, 2018|
|Muharram||September 20, 2018|
|Mahatma Gandhi Jayanthi||October 2, 2018|
|Dussehra||October 18, 2018|
|Diwali Laxmi Pujan||November 7, 2018|
|Diwali Laxmi Balipratipada||November 8, 2018|
|Guru Nanak Jayanthi||November 23, 2018|
|Christmas||December 25, 2018|
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.
|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)