{"id":35799,"date":"2023-07-08T13:22:17","date_gmt":"2023-07-08T13:22:17","guid":{"rendered":"https:\/\/memumbai.com\/?p=35799"},"modified":"2023-07-08T18:51:14","modified_gmt":"2023-07-08T18:51:14","slug":"bombay-stock-exchange-bse","status":"publish","type":"post","link":"https:\/\/memumbai.com\/bombay-stock-exchange-bse\/","title":{"rendered":"Bombay Stock Exchange (BSE) Formed on 9th July"},"content":{"rendered":"\n

Bombay Stock Exchange (BSE) was founded on\u00a09th July 1875<\/strong>. It is the premier exchange of the country and accounts for more than one-third of the trading volume and can be compared to any international exchange. BSE is believed, serves as the true barometer of the financial health of the country.<\/p>\n\n\n\n

BSE is the oldest stock exchange in Asia established in 1875. It is the first in the country to be granted permanent recognition under the Security Contract Regulation Act, 1956.<\/p>\n\n\n\n

Bombay Stock Exchange was started by Premchand Roychand in 1875 which was known as the Native Share and Stock Broker’s Association.
Premchand Roychand was a leading cotton trader and he was instrumental in setting rules and regulations for stock trading. <\/p>\n\n\n\n

The BSE is a 29 storey building also known as Phiroze Jeejeebhoy Towers located on Dalal street near Mumbai Samachar Marg. After reaching the Flora fountain<\/a> one can easily view this tall building. <\/p>\n\n\n\n

BSE has helped to grow the Indian corporate sector and develop capital markets of India including the retail debt.<\/p>\n\n\n\n

First Old Venues of BSE<\/strong>
The first venues of the earliest stockbroker meetings in the 1850s were under Banyan trees in front of Town Hall. A decade later the brokers moved to another venue under Banyan Tree of Meadows street which is now Mahatma Gandhi road. They use to shift their venue from place to place as the number of brokers increased. <\/p>\n\n\n\n

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Image source: Mumbai Heritage<\/a><\/figcaption><\/figure>\n\n\n\n