{{Short description|Indian stock exchange in Mumbai}} {{Use Indian English|date=January 2023}} {{Use dmy dates|date=January 2023}} {{Infobox exchange |name = BSE Limited |alt_name = |logo = BSE_logo.svg |logo_caption = |image = BSE building at Dalal Street.JPG |type = Stock exchange |city = Mumbai, Maharashtra |country = India |founder = Premchand Roychand of BSE Ltd |foundation = {{Start date and age|1875|07|9|df=yes}}<ref>{{Cite web|last=India|first=BSE|title=Corporate profile|url=https://www.bseindia.com/downloads/Corporate_Profile.pdf|access-date=8 August 2020|archive-date=25 September 2021|archive-url=https://web.archive.org/web/20210925041127/https://www.bseindia.com/downloads/Corporate_Profile.pdf|url-status=live}}</ref> |key_people = {{ubl|Subhasis Chaudhuri (chairman)<ref>{{cite news |title=SEBI approves Subhasis Chaudhuri's appointment as BSE governing board chairman - CNBC TV18 |url=https://www.cnbctv18.com/market/stocks/sebi-approves-subhasis-chaudhuris-appointment-as-chairman-bse-governing-board-19513376.htm |access-date=4 December 2024 |work=CNBC TV18 |date=22 November 2024 |language=en}}</ref>}} {{ubl|Sundararaman Ramamurthy <br />(MD and CEO)<ref>{{cite web |url= https://www.bseindia.com/static/about/boardofdirectors_new.aspx |title= bse bod |access-date= 11 January 2023 |archive-date= 11 January 2023 |archive-url= https://web.archive.org/web/20230111193659/https://www.bseindia.com/static/about/boardofdirectors_new.aspx |url-status= live }}</ref>}} |currency = Indian rupee ({{INR}}) |listings = 5,647<ref>{{cite web |title=All India Market Capitalisation {{!}} BSE Listed stocks Market Capitalisation |url=https://www.bseindia.com/markets/equity/EQReports/allindiamktcap.aspx |publisher=BSE |access-date=2 October 2024}}</ref> |mcap = {{nowrap|{{INRConvert|416|lc|lk=r|year=2026}}}} (2 April 2026)<ref>{{cite web |url=https://m.bseindia.com/ |access-date=2 April 2026}}</ref> |indexes = {{ubl|BSE SENSEX | BSE 100 | BSE 500 |BSE MidCap| BSE SmallCap<ref>{{cite news |title=BSE relaunches Sensex, Bankex derivative contracts |url=https://economictimes.indiatimes.com/markets/stocks/news/bse-relaunches-sensex-bankex-derivative-contracts/articleshow/100244324.cms |work=The Economic Times |date=15 May 2023 |language=en}}</ref>}} |homepage = |footnotes = |image_caption= Corporate headquarters in Mumbai |module = {{Infobox company|embed=yes| |traded_as = {{NSE|BSE}} |ISIN = {{ISIN|sl=n|pl=y|INE118H01017}} |revenue = {{up}} {{INRconvert|3236|c}} (2025) |profit = {{up}} {{INRconvert|1322|c}} (2025) |footnotes = Financials {{as of|2025|03|31|lc=y|df=yes}}.<ref>{{cite web |title=Investor Presentation FY25 |url=https://www.bseindia.com/downloads1/8f3a3685-8a16-47e3-a373-8b8702c946bc.pdf |publisher=BSE |access-date=25 June 2025}}</ref> }} |coordinates={{coord|18.929681|N|72.833589|E|region:IN-MH_type:landmark}}}}
'''BSE Limited''', also known as the '''Bombay Stock Exchange''' ('''BSE'''), is an Indian stock exchange based in Mumbai. Established in 1875, it is the oldest stock exchange in Asia, and also the tenth oldest in the world. It is the 6th largest stock exchange in the world by total market capitalisation, exceeding $5 trillion in May 2024.<ref name="WFE">{{cite web|url=https://www.world-exchanges.org/home/index.php/monthly-reports-tool|title=Monthly Reports - World Federation of Exchanges|publisher=WFE|access-date=21 May 2018|archive-date=11 January 2023|archive-url=https://web.archive.org/web/20230111193701/https://www.world-exchanges.org/our-work/statistics|url-status=live}}</ref><ref name="bseindia.com">{{cite web |title=BSE-Introduction |url=http://www.bseindia.com/static/about/introduction.aspx?expandable=0 |url-status=dead |archive-url=https://web.archive.org/web/20180131201340/http://www.bseindia.com/static/about/introduction.aspx?expandable=0 |archive-date=31 January 2018 |access-date=31 January 2018 |website=bseindia.com}}</ref><ref name="Rawal2015">{{cite book |author=Priya Rawal |url=https://books.google.com/books?id=xLsoCAAAQBAJ&pg=PA12 |title=Indian Stock Market and Investors Strategy |date=16 April 2015 |publisher=Priya Rawal |isbn=978-1-5053-5668-7 |pages=12– |access-date=23 November 2018 |archive-url=https://web.archive.org/web/20230111193659/https://books.google.com/books?id=xLsoCAAAQBAJ&pg=PA12 |archive-date=11 January 2023 |url-status=live}}</ref><ref>{{Cite web |date=10 September 2020 |title=10 Oldest Stock Exchanges in the World |url=https://www.oldest.org/technology/stock-exchanges/ |url-status=live |archive-url=https://web.archive.org/web/20210304212435/https://www.oldest.org/technology/stock-exchanges/ |archive-date=4 March 2021}}</ref>
==History== thumb|Bombay Stock Exchange logo used until June 2023 Bombay Stock Exchange was founded by a Jain businessman Premchand Roychand in 1875.<ref>{{cite news |title=BSE may set another record, become an official tourist spot |url=https://www.newindianexpress.com/cities/mumbai/2017/oct/06/bse-may-set-another-record-become-an-official-tourist-spot-1667426.html |access-date=4 November 2021 |work=The New Indian Express |agency=Press Trust of India |date=6 October 2017 |archive-date=4 November 2021 |archive-url=https://web.archive.org/web/20211104151832/https://www.newindianexpress.com/cities/mumbai/2017/oct/06/bse-may-set-another-record-become-an-official-tourist-spot-1667426.html |url-status=live }}</ref> While BSE Limited is now synonymous with Dalal Street, it was not always so. In the 1850s, four Gujarati and one Parsi stockbroker gathered together under a banyan tree in front of Bombay (now Mumbai) Town Hall, where Horniman Circle is now situated.<ref name="bseindia.com" /><ref>{{Cite web|url=https://www.researchgate.net/publication/289504506|title=The Profile of the Bombay Stock Exchange Limited}}</ref> A decade later, the brokers moved their location to under the banyan trees at the junction of Meadows Street and what was then called Esplanade Road, now MG 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 brokers group became an official organisation known as "The Native Share & Stock Brokers Association" in 1875.<ref>{{cite web |title=The History of Bombay Stock Exchange | date=11 September 2014 | via=YouTube |url=https://www.youtube.com/watch?v=oDkiJcRWvRQ| archive-url=https://ghostarchive.org/varchive/youtube/20211030/oDkiJcRWvRQ| archive-date=2021-10-30}}{{cbignore}}</ref>
In 1956, the BSE became the first stock exchange to be recognised by the Indian Government under the Securities Contracts Regulation Act.<ref name="q723">{{cite book | last=Pradhan | first=Rudra Prakash | title=Forecasting Financial Markets in India | publisher=Allied Publishers | date=2009 | isbn=978-81-8424-426-7 | url=https://books.google.com/books?id=D_8eoSMaD8cC&pg=PA54&dq | page=54}}</ref>
The BSE is also a Partner Exchange of the United Nations Sustainable Stock Exchange initiative, joining in September 2012.<ref>{{cite web|title=Bombay Stock Exchange (BSE) commits to promoting sustainability|url=http://unctad.org/en/pages/newsdetails.aspx?OriginalVersionID=310&Sitemap_x0020_Taxonomy=ISAR%20-%20Corporate%20Transparency%20-%20Accounting;#6;|work=UNCTAD| date=28 September 2012 |access-date=2016-04-29|archive-date=2 April 2015|archive-url=https://web.archive.org/web/20150402104057/http://unctad.org/en/pages/newsdetails.aspx?OriginalVersionID=310&Sitemap_x0020_Taxonomy=ISAR%20-%20Corporate%20Transparency%20-%20Accounting;#6;|url-status=live}}</ref>
BSE established the India International Exchange (India INX) on 30th December 2016. India INX, based out of GIFT City, is the first international stock exchange of India.<ref>{{cite web|url=http://www.indiainx.com/static/about.aspx|title=India INX|website=indiainx.com|access-date=15 March 2018|archive-date=18 October 2018|archive-url=https://web.archive.org/web/20181018051133/http://www.indiainx.com/static/about.aspx|url-status=live}}</ref>
BSE became the first stock exchange in the country to launch commodity derivatives contract in gold and silver in October 2018.<ref>{{cite web|url=https://www.thehindubusinessline.com/markets/bse-launches-commodity-derivative-contracts-in-gold-silver/article25095987.ece|title=India thehindubusinessline|website=Business Line|date=October 2018 |access-date=25 October 2018|archive-date=27 July 2020|archive-url=https://web.archive.org/web/20200727013230/https://www.thehindubusinessline.com/markets/bse-launches-commodity-derivative-contracts-in-gold-silver/article25095987.ece|url-status=live}}</ref>
BSE was demutualised and corporatised on 19 May 2007, pursuant to the ''BSE (Corporatisation and Demutualisation) Scheme, 2005'' notified by SEBI.<ref>{{cite news |title=BSE demutualisation complete |newspaper=Business Standard India |url=https://www.business-standard.com/article/markets/bse-demutualisation-complete-107051901004_1.html |access-date=27 November 2022 |date=14 June 2013 |archive-date=27 November 2022 |archive-url=https://web.archive.org/web/20221127070222/https://www.business-standard.com/article/markets/bse-demutualisation-complete-107051901004_1.html |url-status=live }}</ref><ref>{{cite web |title=Order in respect of BSE (Corporatisation and Demutualisation) Scheme, 2005 |url=https://www.sebi.gov.in/enforcement/orders/may-2005/order-in-respect-of-bse-corporatisation-and-demutualisation-scheme-2005_10748.html |website=sebi.gov.in |access-date=27 November 2022 |archive-date=27 November 2022 |archive-url=https://web.archive.org/web/20221127070229/https://www.sebi.gov.in/enforcement/orders/may-2005/order-in-respect-of-bse-corporatisation-and-demutualisation-scheme-2005_10748.html |url-status=live }}</ref>
BSE Limited listed on the National Stock Exchange (NSE) on 3 February 2017 under the ticker symbol of "BSE".<ref>{{cite web |title=BSE to list on NSE on 3 February |url=https://www.livemint.com/Money/YkU9l96zXEAC2FiRGXZpYJ/BSE-to-list-on-NSE-on-3-February.html |website=Livemint |access-date=27 November 2022 |date=29 January 2017 |archive-date=27 November 2022 |archive-url=https://web.archive.org/web/20221127070222/https://www.livemint.com/Money/YkU9l96zXEAC2FiRGXZpYJ/BSE-to-list-on-NSE-on-3-February.html |url-status=live }}</ref><ref>{{cite web |author1=Manu Balachandran |title=142 years after taking roots under a banyan, Asia's oldest stock exchange hits the capital market today |url=https://qz.com/india/886214/bse-ipo-142-years-after-taking-roots-under-a-banyan-asias-oldest-stock-exchange-hits-the-capital-market-today |work=Quartz|access-date=27 November 2022 |date=22 January 2017 |archive-date=27 November 2022 |archive-url=https://web.archive.org/web/20221127070222/https://qz.com/india/886214/bse-ipo-142-years-after-taking-roots-under-a-banyan-asias-oldest-stock-exchange-hits-the-capital-market-today |url-status=live }}</ref>{{efn-la|SEBI Regulation 45(1) of Securities Contracts (Regulation) (Stock Exchanges and Clearing Corporations) Regulations, 2018 prohibits self-listing of a stock exchange in India.<ref>{{cite web |title=Securities Contracts (Regulation) (Stock Exchanges and Clearing Corporations) Regulations, 2018 [Last amended on June 04, 2019] |url=https://www.sebi.gov.in/legal/regulations/oct-2018/securities-contracts-regulation-stock-exchanges-and-clearing-corporations-regulations-2018-last-amended-on-june-04-2019-_40623.html |website=sebi.gov.in |access-date=27 November 2022 |archive-date=11 January 2023 |archive-url=https://web.archive.org/web/20230111193729/https://www.sebi.gov.in/legal/regulations/oct-2018/securities-contracts-regulation-stock-exchanges-and-clearing-corporations-regulations-2018-last-amended-on-june-04-2019-_40623.html |url-status=live }}</ref>}}
==Criticism and controversies== {{See also|1992 Indian stock market scam}} BSE has witnessed several high-profile market manipulation scandals.<ref>{{cite news | url=https://economictimes.indiatimes.com/markets/stocks/news/how-indias-trading-queen-and-mystery-guru-engulfed-nse-in-scandal/articleshow/90343226.cms?from=mdr | title=How India's trading queen and mystery guru engulfed NSE in scandal | newspaper=The Economic Times }}</ref><ref>{{cite news | url=https://economictimes.indiatimes.com/markets/stocks/news/the-fall-of-nse-corruption-or-hubris/articleshow/69154289.cms | title=The fall of NSE: Corruption or hubris? | newspaper=The Economic Times | last1=Rangan | first1=MC Govardhana }}</ref><ref>{{cite news | url=https://www.reuters.com/article/idINIndia-53153120101125 | title=BSE Sensex drops as corruption scandal weighs | work=Reuters | date=25 November 2010 }}</ref><ref>{{cite web | url=https://www.businesstoday.in/latest/corporate/story/sebi-penalises-bse-nse-for-laxity-in-karvy-fraud-case-329647-2022-04-13 | title=SEBI penalises BSE, NSE for 'laxity' in Karvy fraud case | date=13 April 2022 }}</ref><ref>{{cite news | url=https://www.business-standard.com/article/markets/trading-queen-and-mystery-guru-strange-tale-engulfs-nse-in-scandal-122032100123_1.html | title=Trading 'queen' and mystery guru: Strange tale engulfs NSE in scandal | newspaper=Business Standard India | date=21 March 2022 }}</ref> At times, the Securities and Exchange Board of India (SEBI) has barred several individuals and entities from trading on the exchanges for insider trading and stock manipulation, especially in illiquid small-caps and penny stocks.<ref>{{cite web |last1=Sreedhar |first1=Vidya |title=Rs 144 crore wrongful profit! Sebi finds stock manipulation in 5 smallcaps |url=https://economictimes.indiatimes.com/markets/stocks/news/sebi-bars-135-entities-from-market-on-alleged-share-manipulation-in-5-smallcaps/articleshow/101167757.cms |website=The Economic Times |access-date=24 August 2023 |date=21 June 2023}}</ref><ref>{{cite news |title=Sebi ban pinches penny stocks |url=https://www.business-standard.com/article/markets/sebi-ban-pinches-penny-stocks-105102601049_1.html |access-date=24 August 2023 |work=Business Standard}}</ref><ref>{{cite news |title=SEBI Cracks Down on Misuse of Penny Stocks |url=https://thewire.in/business/penny-stocks-bogus-claims-sebi |access-date=24 August 2023 |work=The Wire}}</ref><ref>{{cite news |title=I-T Department, SEBI begin crackdown on penny stock firms in PMO-led push |url=https://www.moneycontrol.com/news/business/markets/i-t-department-sebi-begin-crackdown-on-penny-stock-firms-in-pmo-led-push-2442315.html |access-date=24 August 2023 |work=Moneycontrol |date=20 November 2017 |language=en}}</ref>
The BSE faced criticism during the early 2000s for delayed technology upgrades, which contributed to its competitor NSE gaining market dominance in electronic trading. In 2013, market participants raised concerns over alleged preferential access to BSE's trading systems, prompting calls for improved transparency and oversight, though no regulatory action followed.<ref>{{cite news |title=Preferential access? A look into how NSE got ahead in tech race |url=https://www.business-standard.com/article/markets/preferential-access-a-look-into-how-nse-got-ahead-in-tech-race-117021000058_1.html |work=Business Standard |date=10 February 2017 |access-date=14 June 2025}}</ref>
== See also == {{div col|small=yes}} * Economy of India * List of stock exchanges * National Stock Exchange of India * Stock market crashes in India * Mutual funds in India * Muhurat trading * Clause 49 * Securities and Exchange Board of India {{Div col end}}
==References== ===Notes=== {{notelist|2}}
===Citations=== {{Reflist|30em}}
==Further reading== {{Refbegin|30em}} * {{cite book|title=BSE: Journey of an Aspiring Nation|author=Kochhar, S.|isbn=978-8-1929-1725-2|year=2015|publisher=Skoch Media}} * {{cite book|title=Efficiency of BSE Sectoral Indices in India: A Study with Special Reference to Bombay Stock Exchange Ltd in India|author=Ramkumar, R.R. and Selvam, M.|isbn=978-3-6592-1130-0|year=2014|publisher=Lap Lambert Academic Publishing GmbH KG}} * {{cite book|title=Stock Market Volatility in India|author=Kaur, H.|isbn=978-8-1762-9361-7|year=2002|publisher=Deep & Deep Publications }} * {{cite book|title=The Scam: Who Won, who Lost, who Got Away|author=Basu, D. and Dalal, S.|isbn=978-8-1859-4410-4|lccn=93902443|year=1993|publisher=UBS Publishers' Distributors}} * {{cite book|title=Indian Stock Market: An Empirical Analysis of Informational Efficiency|author=Hiremath, G.S.| isbn=978-8-1322-1590-5|lccn=2013946889|year=2013|publisher=Springer India}} * {{cite book|title=Rethinking the BSE Crisis: A Study of Scientific Reasoning under Uncertainty|author=Cummings, L.| isbn=978-9-4017-8491-7|year=2014|publisher=Springer Netherlands }} * Razdan, A. Scaling in the bombay stock exchange index. Pramana - J Phys 58, 537–544 (2002). {{doi|10.1007/s12043-002-0063-y}} * Goel, A., Tripathi, V. and Agarwal, M. (2021), "Market microstructure: a comparative study of Bombay stock exchange and national stock exchange", Journal of Advances in Management Research, Vol. 18 No. 3, pp. 414–442. {{doi|10.1108/JAMR-06-2020-0109}} * Krishnamurti, Chandrasekhar and Eleswarapu, Venkat R., Liquidity, Stock Returns and Ownership Structure - An Empirical Study of the Bombay Stock Exchange (March 31, 1994). IIM Bangalore Research Paper No. 65, Available at {{SSRN|2181543}} or {{doi|10.2139/ssrn.2181543}} * Sumon Kumar Bhaumik. “Stock Index Futures in India: Does the Market Justify Its Use?” Economic and Political Weekly, vol. 32, no. 41, 1997, pp. 2608–11. {{JSTOR|4405950}}. Retrieved 13 Feb. 2024. * Ganeshaiah, K. N. “Has the Behaviour of the Stock Market Been Affected by the Scam? — A Statistical Analysis.” Current Science, vol. 63, no. 7, 1992, pp. 345–47. {{JSTOR|24095453}}. Retrieved 13 Feb. 2024. * {{cite book|title=Bulls, Bears and Other Beasts (5th Anniversary Edition): A Story of the Indian Stock Market|author=Nair, S.|isbn=978-9-3907-4257-8|year=2021|publisher=Pan Macmillan}} {{Refend}}
==External links== {{Commons category|Bombay Stock Exchange}} * {{official website|http://www.bseindia.com/}}
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{{Coord|18.9298|N|72.8334|E|region:IN-MH|display=title|name=Bombay Stock Exchange}}
Category:Bombay Stock Exchange Category:Financial services companies established in 1875 Category:Stock exchanges in India Category:Financial services companies based in Mumbai Category:Indian companies established in 1875 Category:Companies listed on the National Stock Exchange of India Category:2017 initial public offerings