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 5,069 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).

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 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.

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 August 2018, the average volume of business conducted on the BSE was approximately $9.1 billion each month.
  • The number of shares traded each month on the BSE averaged 29.1 million (YTD August 2018).
  • The total market capitalization for the 5,069 companies traded on the BSE is in the area of $2.23 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 2018 and 2019:

BSE Holiday Schedule 2019

Holiday Date
Chatrapati Shivaji Jayanti February 19,2019
Mahashivratri March 04,2019
Holi March 21,2019
Annual Bank Closing April 01,2019
Mahavir Jayanti April 17,2019
Good Friday April 19,2019
Maharashtra Day May 01,2019
Id-Ul-Fitr (Ramzan Id) June 05,2019
Bakri Id August 12,2019
Independence Day August 15,2019
Ganesh Chaturthi September 02,2019
Muharram September 10,2019
Mahatma Gandhi Jayanti October 02,2019
Dussehra October 08,2019
Diwali Balipratipada October 28,2019
Gurunanak Jayanti November 12,2019
Christmas December 25,2019

BSE Holiday Schedule 2018

Holiday Date
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

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.

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