Bombay Stock Exchange facts for kids

BSE Limited, also called the Bombay Stock Exchange (BSE), is a very important stock exchange in Mumbai, India. It started in 1875, making it the oldest stock exchange in Asia. It's also the tenth oldest in the whole world! The BSE is one of the biggest stock exchanges globally. By May 2024, its total market capitalization was more than $5 trillion. This means the total value of all companies listed on it was huge.

History of the BSE

The Bombay Stock Exchange was started by Premchand Roychand in 1875. At first, the brokers, who are people who buy and sell stocks, didn't have a fixed place.

Early Days and New Locations

In the 1850s, a few stockbrokers met under a banyan tree in front of Bombay Town Hall. This area is now called Horniman Circle. About ten years later, they moved to another spot under banyan trees. This was at the corner of Meadows Street and what is now MG Road.

As more and more brokers joined, they had to keep moving to bigger places. Finally, in 1874, the brokers found a permanent spot. They could now call this place their own.

Becoming an Official Organization

In 1875, the group of brokers became an official organization. They named it "The Native Share & Stock Brokers Association." This was the beginning of the BSE as we know it today.

Modern Developments

The BSE is also a partner with the Sustainable Stock Exchanges Initiative of the United Nations. It joined this group in September 2012. This shows its commitment to sustainable practices.

In December 2016, the BSE started the India International Exchange (India INX). This exchange is located in GIFT City. It was India's first international stock exchange.

In October 2018, the BSE became the first stock exchange in India to offer trading in gold and silver. This allowed people to buy and sell contracts for these precious metals.

The BSE changed its structure on May 19, 2007. It became a corporatized and demutualized company. This means it changed from being owned by its members to being a company with shareholders.

On February 3, 2017, BSE Limited itself was listed on the National Stock Exchange of India (NSE). This means you can buy shares of the BSE company on the NSE.

See also

In Spanish: Bolsa de Valores de Bombay para niños

Images for kids

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  Bombay Stock Exchange logo used until June 2023