Miscellaneous News

150 years of Bombay Stock Exchange

April 20 , 2025 14 hrs 0 min 66 0

The BSE Ltd, Asia's oldest stock exchange, has celebrated its 150th anniversary recently.
The BSE, the fourth largest stock exchange in the world, was founded on July 9, 1875, near Town Hall in South Bombay.
The Stock brokers in 1855 began meeting under the banyan tree to buy and sell cotton.
By 1865, the unorganised stock market was witnessing a massive boom.
Bombay back then had 31 banks, 62 joint stock companies, 20 insurance companies and 16 cotton pressing companies.
In 1957, the BSE granted permanent recognition under Securities Contracts (Regulation) Act (SCRA).
In 1986, the S&P BSE SENSEX, India’s first equity index was officially launched at a base of 1,000.
In 2017, the BSE became the first listed stock exchange in India.