List of days of the year

09 July - Bombay Stock Exchange (BSE) established in 1875


The BSE, formerly known as the Bombay Stock Exchange Ltd. It is an Indian stock exchange located at Dalal Street, Mumbai.

Established in 1875,it is Asia's oldest stock exchange.The BSE is the world's 10th largest stock exchange with an overall market capitalization of more than $2.2 trillion on as of April 2018.

While BSE Ltd is now synonymous with Dalal Street, it was not always so. In 1850s, five stock brokers gathered together under Banyan tree in front of Mumbai Town Hall, where Horniman Circle is now situated.A decade later, the brokers moved their location to another leafy setting, this time under banyan trees at the junction of Meadows Street and what was then called Esplanade Road, now Mahatma Gandhi Road. With a rapid increase in the number of brokers, they had to shift places repeatedly. At last, in 1874, the brokers found a permanent location, the one that they could call their own. The new place was, aptly, called Dalal Street (Brokers' Street). The brokers group became an official organization known as "The Native Share & Stock Brokers Association" in 1875.

No comments:

Post a Comment