BSE History
BSE was first established as Native Share and Stock Brokers' Association on 9th July 1875, which happens to be Asia's first Stock Exchange. Indian Government recognized Bombay Stock Exchange on 31st August 1957, under Securities Contract Regulation Act, 1956. The Bombay Stock Exchange moved to its present building known as Phiroze Jeejeebhoy Towers, Dalal Street, in 1980. BSE developed BSE SENSEX on 1st January 1986, which later became S&P BSE SENSEX in February 2013, to measure its performance, though base date was taken as on 1st April 1979 and base value 100 on that date. The closing index was 549.43 on first trading day i.e. 2nd January 1986. Traditionally, an open outcry floor exchange meant for trading, the BSE migrated to BSE online trading (BOLT) system developed by CMC Ltd. in 1995. At present, 5439 companies are listed on BSE with market capitalization of INR 201.128 lakh crore. BSE established INDIA INX on 30th December 2016, India's first International Exchange. Though BSE is more than 145 years old, yet it's 10th oldest stock exchange in the world; first 9 are Amsterdam SE(1602), Paris Bourse (1724), Philadelphia SE (1790), London SE (1801), Borsa Italiana, Milan (1808), New York SE (1817), Frankfurt SE (1820), and Madrid SE (1831) in that order.
Journey of SENSEX and Market Capitalization
Union Budget week euphoria led to attainment of number of milestones like SENSEX closing above 50k, Nifty hitting 15k mark, BANKEX touching 41k mark, and BSE Market cap crossing INR 200 trillion mark. Let us take a closer look at the journey of SENSEX - 1000 mark attained on 25th July 1990; 5k on 11th October 1999; 10k crossed on 7th February 2006; 20k on 11th December 2007; 30k reached on 4th March 2015; 40k attained on 23rd May 2019; and 50k milestone surpassed on 21st January 2021. Similarly, let us take a glimpse of BSE market cap journey - INR 10 lakh crore in 2003-04; INR 50 lakh crore in 2009-10; INR 100 lakh crore on 28th November 2014; INR 150 lakh crore crossed on 21st December 2017; INR 200 lakh crore milestone attained on 4th February 2021. Another milestone attained on 14th January 2021 was BSE market cap crossing nominal GDP of the country - INR 190 trillion after a gap of 13 years when market cap to GDP ratio was highest at 149% in December 2007.
BSE Market Cap Global Ranking
With the recent surge in the BSE market capitalization to US$ 2.7 trillion or INR 200 lakh crore, BSE has become 9th most valuable stock exchange in the world, surpassing Canada, Germany and Saudi Arabia. NYSE continue to lead all stock exchanges in the world with market cap of US$ 26.23 trillion followed by Nasdaq (US$ 23.29 trillion), Shanghai SE (US$ 6.98 trillion), Hong Kong SE at 4th rank (US$ 6.13 trillion), Amsterdam SE (US$ 5.44 trillion), Shenzhen SE (US$ 5.24 trillion), London SE (US$ 4.05 trillion). Tokyo Stock Exchange market capitalization is not currently available though it was US$ 5.67 trillion in March 2020.
Please keep watching this space for latest updates on Stock Markets!
Comments