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Stock Exchange BSE
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India Stockmarket, BSE, Bombay
India is the second fastest growing economy in
the world. India
Stock indexes represent the growth
of the market and the international status of India. The burgeoning
India economy boasts some of the best valued companies which are now
exanding throughout many other countries.
Sensex stock market ticker, BSE
The Indian economy continues
to remain the second-fastest growing economy in the world. ``India`s economic fundamentals are
quite robust and its economy remains the second-fastest growing one in
the world``, said Suresh Tendulkar, chairman, prime minister`s economic
advisory council`s (PMEAC).
India is not experiencing a
other advanced economies and its economy would not be affected to the
same extent as some other emerging Asian economies, he said.
On micro, small and medium enterprises (MSMEs), Tendulkar said that the
present economic slowdown would test the strength of the sector.
``Rising interest rates in the recent past has further accentuated the
credit crunch for MSME entrepreneurs`` he added.
Stock Exchange is the oldest stock exchange in Asia with a rich
heritage, now spanning three centuries in its 133 years of existence.
What is now popularly known as BSE was established as "The Native Share
& Stock Brokers' Association" in 1875.
BSE is the first stock exchange in
the country which obtained permanent recognition (in 1956) from the
Government of India under the Securities Contracts (Regulation) Act
1956. BSE's pivotal and pre-eminent role in the development of the
Indian capital market is widely recognized. It migrated from the open
outcry system to an online screen-based order driven trading system in
1995. Earlier an Association Of Persons (AOP), BSE is now a
corporatised and demutualised entity incorporated under the provisions
of the Companies Act, 1956, pursuant to the BSE (Corporatisation and
Demutualisation) Scheme, 2005 notified by the Securities and Exchange
Board of India (SEBI). With demutualisation, BSE has two of world's
best exchanges, Deutsche Börse and Singapore Exchange, as its strategic
Over the past 133 years, Bombay Stock
Exchange BSE has facilitated the growth of the Indian corporate sector
by providing it with an efficient access to resources. There is perhaps
no major corporate in India which has not sourced BSE's services in
raising resources from the capital market.
Today, BSE is the world's number 1
exchange in terms of the number of listed companies and the world's 5th
in transaction numbers. The market capitalization as on December 31,
2007 stood at USD 1.79 trillion . An investor can choose from more than
4,700 listed companies, which for easy reference, are classified into
A, B, S, T and Z groups.
The BSE Index, SENSEX, is India's first stock
market index that enjoys an iconic stature , and is tracked worldwide.
It is an index of 30 stocks representing 12 major sectors. India stock
exchange. India stock market. The SENSEX is constructed on a
'free-float' methodology, and is sensitive to market sentiments and
market realities. Apart from the SENSEX, BSE offers 21 indices,
including 12 sectoral indices. BSE has entered into an index
cooperation agreement with Deutsche Börse. This agreement has made
SENSEX and other BSE indices available to investors in Europe and
America. Moreover, Barclays Global Investors (BGI), the global leader
in ETFs through its iShares® brand, has created the 'iShares® BSE
SENSEX India Tracker' which tracks the SENSEX. The ETF enables
investors in Hong Kong to take an exposure to the Indian equity market.
BSE, Bombay Stock
Bombay Stock Market, has tied up with U.S. Futures Exchange (USFE) for
U.S. dollar-denominated futures trading of SENSEX in the U.S. The
tie-up enables eligible U.S. investors to directly participate in
India's equity markets for the first time, without requiring American
Depository Receipt (ADR) authorization. The first Exchange Traded Fund
(ETF) on SENSEX, called "SPIcE" is listed on BSE. It brings to the
investors a trading tool that can be easily used for the purposes of
investment, trading, hedging and arbitrage. SPIcE allows small
investors to take a long-term view of the market.
BSE provides an
efficient and transparent market for trading in equity, debt
instruments and derivatives. It has a nation-wide reach with a presence
in more than 450 cities and towns of India. BSE has always been at par
with the international standards. The systems and processes are
designed to safeguard market integrity and enhance transparency in
operations. BSE is the first exchange in India and the second in the
world to obtain an ISO 9001:2000 certification. It is also the first
exchange in the country and second in the world to receive Information
Security Management System Standard BS 7799-2-2002 certification for
its BSE On-line Trading System (BOLT).
BSE continues to
innovate. In recent times, it has become the first national level stock
exchange to launch its website in Gujarati and Hindi to reach out to a
larger number of investors. It has successfully launched a reporting
platform for corporate bonds in India christened the ICDM or Indian
Corporate Debt Market and a unique ticker-cum-screen aptly named 'BSE
Broadcast' which enables information dissemination to the common man on
In 2006, BSE launched
the Directors Database and ICERS (Indian Corporate Electronic Reporting
System) to facilitate information flow and increase transparency in the
Indian capital market. While the Directors Database provides a
single-point access to information on the boards of directors of listed
companies, the ICERS facilitates the corporates in sharing with BSE
their corporate announcements.
BSE also has a wide
range of services to empower investors and facilitate smooth