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BOMBAY STOCK EXCHANGE ( BSE SHARE BAZAAR)
The Bombay Stock Exchange Limited
(formerly, The Stock Exchange, Mumbai; popularly called The Bombay
Stock Exchange, or BSE) is the oldest stock exchange
in Asia. It is also the biggest stock exchange in the world in terms
of listed companies with 4,800 listed companies as of August
2007.[1] It is located at Dalal Street, Mumbai, India. On 31
December 2007, the equity market capitalization
of the companies listed on the BSE was US$ 1.79 trillion, making it
the largest stock exchange in South Asia and the tenth largest in
the world.
The Bombay Stock Exchange was established in 1875. Around 4,800
Indian companies list on the stock exchange, and it has a
significant trading volume. The BSE
SENSEX (SENSitive indEX),
also called the "BSE 30", is a widely used market index in India and
Asia. Though many other exchanges exist, BSE and the
National Stock Exchange of India account for most of the
trading in shares in India.
Alliances
Singapore Exchange (SGX) acquired a
strategic investment in Bombay Stock Exchange (5%) for US$42.7m. It
is consistent with the strategy of building an Asian Gateway for
securities and derivatives. BSE is also considering to take part of
the capitalisation of the rising ascension of its partner, Singapore
Exchange, which is becoming a leading financial hub in Asia-Pacific.
BSE also claims a strategic partnership with Deutsche Borse.
BSE indices
The BSE SENSEX (also known as the BSE 30 index) is a value-weighted
index composed of thirty scrips, with the base April 1979 = 100. The
set of companies which make up the index has been changed only a few
times in the last twenty years. These companies account for around
one-fifth of the market capitalization of the BSE.
Apart from BSE SENSEX, which is the most
popular stock index in India, BSE uses other stock indices as well:
BSE Broadcast
The BSE Broadcast is a large ticker on
the wall of the BSE, which continuously displays the latest stock
quotes from the market. It also displays – on what is described as
India's and South Asia's largest video screen –one of the leading
business-news channels in India: NDTV Profit.
This new system was unveiled on December
15, 2006, when Dr Prannoy Roy, the Managing Director of New Delhi
Television (NDTV) Ltd, struck the BSE's opening bell. Mr Damodaran,
the Chairman of the Securities and Exchange Board of India (SEBI),
said that the ticker would provide information and analysis of the
financial world.
Following is
the timeline on the rise and rise of the Sensex through Indian stock
market history.
-
1000, July 25, 1990 On July 25, 1990, the
Sensex touched the
magical four-digit figure for the first time and closed at 1,001 in
the wake of a good monsoon and excellent corporate results.
-
2000, January 15, 1992 On January 15, 1992, the
Sensex crossed the
2,000-mark and closed at 2,020 followed by the liberal economic
policy initiatives undertaken by the then finance minister and
current Prime Minister Dr Manmohan Singh.
-
3000, February 29, 1992 On February 29, 1992, the Sensex surged past
the 3000 mark in the wake of the market-friendly Budget announced by
the then Finance Minister, Dr Manmohan Singh.
-
4000, March 30, 1992 On March 30, 1992, the Sensex crossed the
4,000-mark and closed at 4,091 on the expectations of a liberal
export-import policy. It was then that the Harshad Mehta scam hit
the markets and Sensex witnessed unabated selling.
-
5000, October 8, 1999 On October 8, 1999, the Sensex crossed the
5,000-mark as the BJP-led coalition won the majority in the 13th Lok
Sabha election.
-
6000, February 11, 2000 On February 11, 2000, the infotech boom
helped the Sensex to cross the 6,000-mark and hit and all time high
of 6,006.
-
7000, June 20, 2005 On June 20, 2005, the news of the settlement
between the Ambani brothers boosted investor sentiments and the
scrips of RIL, Reliance Energy, Reliance Capital, and IPCL made huge
gains. This helped the
Sensex crossed 7,000 points for the first time.
-
8000, September 8, 2005 On September 8, 2005, the Bombay Stock
Exchange's benchmark 30-share index -- the Sensex -- crossed the
8000 level following brisk buying by foreign and domestic funds in
early trading.
-
9000, November 28, 2005 The Sensex on November 28, 2005 crossed the
magical figure of 9000 to touch 9000.32 points during mid-session at
the Bombay Stock Exchange on the back of frantic buying spree by
foreign institutional investors and well supported by local
operators as well as retail investors.
-
10,000, February 6, 2006 The
Sensex on February 6, 2006 touched 10,003 points during
mid-session. The Sensex finally closed above the 10K-mark on
February 7, 2006.
-
11,000, March 21, 2006 The Sensex on March 21, 2006 crossed the
magical figure of 11,000 and touched a life-time peak of 11,001
points during mid-session at the Bombay Stock Exchange for the first
time. However, it was on March 27, 2006 that the
Sensex
first closed at over 11,000 points.
-
12,000, April 20, 2006 The Sensex on April 20, 2006 crossed the
12,000-mark and closed at a peak of 12,040 points for the first
time.
-
13,000, October 30, 2006 The Sensex on October 30, 2006 crossed the
magical figure of 13,000 and closed at 13,024.26 points, up 117.45
points or 0.9%. It took 135 days for the Sensex to move from 12,000
to 13,000 and 123 days to move from 12,500 to 13,000.
-
14,000, December 5, 2006 The Sensex on December 5, 2006 crossed the
14,000-mark to touch 14,028 points. It took 36 days for the Sensex
to move from 13,000 to the 14,000 mark.
-
15,000, July 6, 2007 The
Sensex on July 6, 2007 crossed the magical figure of 15,000 to
touch 15,005 points in afternoon trade. It took seven months for the
Sensex to move from 14,000 to 15,000 points.
-
16,000, September 19, 2007 The Sensex scaled yet another milestone
during early morning trade on September 19, 2007. Within minutes
after trading began, the Sensex crossed 16,000, rising by 450 points
from the previous close. The 30-share Bombay Stock Exchange's
sensitive index took 53 days to reach 16,000 from 15,000. Nifty also
touched a new high at 4659, up 113 points.
The Sensex finally ended with a gain of 654 points at 16,323. The
NSE Nifty gained 186 points to close at 4,732.
-
17,000, September 26, 2007 The Sensex scaled yet another height
during early morning trade on September 26, 2007. Within minutes
after trading began, the Sensex crossed the 17,000-mark . Some
profit taking towards the end, saw the index slip into red to 16,887
- down 187 points from the day's high. The
Sensex ended with a gain
of 22 points at 16,921.
-
18,000, October 09, 2007 The BSE Sensex crossed the 18,000-mark on
October 09, 2007. It took just 8 days to cross 18,000 points from
the 17,000 mark. The index zoomed to a new all-time intra-day high
of 18,327. It finally gained 789 points to close at an all-time high
of 18,280. The market set several new records including the biggest
single day gain of 789 points at close, as well as the largest
intra-day gains of 993 points in absolute term backed by frenzied
buying after the news of the UPA and Left meeting on October 22 put
an end to the worries of an impending election.
-
19,000, October 15, 2007 The Sensex crossed the 19,000-mark backed
by revival of funds-based buying in blue chip stocks in metal,
capital goods and refinery sectors. The index gained the last 1,000
points in just four trading days. The index touched a fresh all-time
intra-day high of 19,096, and finally ended with a smart gain of 640
points at 19,059.The Nifty gained 242 points to close at 5,670.
-
20,000, October 29, 2007 The Sensex crossed the 20,000 mark on the
back of aggressive buying by funds ahead of the US Federal Reserve
meeting. The index took only 10 trading days to gain 1,000 points
after the index crossed the 19,000-mark on October 15. The major
drivers of today's rally were index heavyweights Larsen and Toubro,
Reliance Industries, ICICI Bank, HDFC Bank and SBI among others. The
30-share index spurted in the last five minutes of trade to fly-past
the crucial level and scaled a new intra-day peak at 20,024.87
points before ending at its fresh closing high of 19,977.67, a gain
of 734.50 points. The NSE Nifty rose to a record high 5,922.50
points before ending at 5,905.90, showing a hefty gain of 203.60
points.
-
21,000, January 8, 2008 The sensex crossed the 21,000 mark in
intra-day trading after 49 trading sessions. This was backed by high
market confidence of increased FII investment and strong corporate
results for the third quarter. However, it later fell back due to
profit booking.
-
15,200, June 13, 2008 The
sensex closed below 15,200 mark, Indian market suffer with major
downfall from January 21,2008
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