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Today, the Bombay Stock Exchange (BSE), Asia's oldest stock exchange, marked its 149th Foundation Day. Let's take a closer look at some of the notable milestones and achievements of this iconic institution, which continues to be a household name in India's capital markets.
Mentioned in the same breath as the health of India's capital markets, the BSE's benchmark index, the S&P BSE Sensex, holds significant importance. Despite facing competition from the National Stock Exchange (NSE), which enjoys a larger market share, the BSE remains an integral part of India's financial landscape.
Established on July 9, 1875, under a banyan tree as The Native Share & Stock Broker's Association, the BSE has since witnessed remarkable progress and played a pivotal role in shaping India's financial sector.
Key Milestones:
- August 31, 1957: BSE receives permanent recognition under the Securities Contracts (Regulation) Act (SCRA).
- January 2, 1986: Launch of S&P BSE Sensex, India's first equity index.
- July 25, 1990: Sensex closes above the 1,000-mark for the first time.
- January 15, 1992: Sensex closes above the 2,000 mark for the first time.
- March 30, 1992: Sensex closes above the 4,000 mark for the first time.
- February 11, 2000: Sensex crosses the 6,000 mark during intra-day trading.
- June 9, 2000: BSE introduces equity derivatives.
- February 7, 2006: Sensex closes above the 10,000 mark for the first time.
- October 1, 2008: Introduction of currency derivatives.
- March 13, 2012: Launch of BSE - SME Exchange Platform, a dedicated platform for SMEs.
- October 13, 2015: BSE becomes the world's fastest exchange with a median response speed of 6 microseconds.
- February 3, 2017: BSE becomes India's first listed stock exchange when it lists on NSE.
- December 22, 2018: Launch of 'BSE Startups,' a platform for entrepreneurs to list their start-ups.
- October 24, 2022: Introduction of Electronic Gold Receipts (EGRs) during the Diwali Muhurat Trading session.
- July 7, 2023: Sensex reaches an all-time record high of 65,898.98 during intra-day trades.
In light of this special occasion, the BSE also unveiled a fresh logo, representing its commitment to innovation, growth, and continued excellence in the financial domain.
(This news is in consideration with Business Today)
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