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Fast facts about Mumbai Stock Exchange in Mumbai
When it was built: 1875
By whom it was built: Group of Stock Brokers
Nature of the building: Stock Exchange
History of Mumbai Stock Exchange in Mumbai
Mumbai Stock Exchange in Mumbai, or the Bombay Stock Exchange
Limited is the oldest stock exchange in Asia. Located at Dalal
Street in Mumbai, India, it was organized by a group of 22 stockbrokers
in 1875, who began trading under a banyan tree opposite the
Town Hall of Bombay from the 1850s as the Native Share and Stockbrokers
Association. The stock exchange had moved into the Brokers'
Hall once Mr James M Maclean inaugurated it in 1899. The plot
of land on which the BSE building now stands was bought in 1929
and the building was occupied in 1930.
Mr Premchand Roychand, a leading stockbroker of those days,
helped in setting out rules and regulations of trading of stocks
at the Stock Exchange in Mumbai.The Bombay Stock Exchange was
recognized as the first stock exchange in the country under
the Securities Contracts (Regulation) Act in 1959.
Features of Mumbai Stock Exchange in Mumbai
- About 3,500 Indian companies are listed with Mumbai
Stock Exchange
- The Securities and Exchange Board of India (SEBI) notified
the stock exchange, then an Association of Persons as a corporation
under BSE in accordance with the provisions of the Companies
Act, 1956.
- The Exchange is managed by a Board of Directors, which
formulate policies and supervises all other issues.
- It is present in 417 cities and towns across India.
- The BSE SENSEX is a value-weighted index, most popular
in India
Don't Miss in Mumbai Stock Exchange in Mumbai
You can still go and watch the banyan tree in the Horniman
Circle Park, Mumbai, where the founders of Mumbai Stock Exchange
in Mumbai, began trading at stocks.
India Profile leads you to the tourist attractions in India.
India Profile also offers you online booking for Tourist Attractions
in Mumbai including Mumbai Stock Exchange in Mumbai. To book
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