2.2What is BSE (Bombay Stock Exchange)?
1What is it?
BSE (formerly the Bombay Stock Exchange) is Asia’s oldest stock exchange, started in 1875 under a banyan tree on Dalal Street, Mumbai.
2Why does it exist?
It gave Indian businesses a place to raise money long before independence, and it is still a major exchange with the largest number of listed companies in India.
3Stock market example
BSE runs the Sensex index. Each company on BSE has a 6-digit scrip code (Reliance is 500325). On MojoStox, BSE listings carry ".BO", for example RELIANCE.BO.
4Quick revision
- BSE started in 1875, Asia’s oldest exchange.
- Most listed companies in India.
- Runs the Sensex.
- Companies have 6-digit scrip codes.
5Knowledge check
Q1. Which is older, NSE or BSE?Show answer
BSE (1875).
Q2. Which index does BSE run?Show answer
The Sensex.
Q3. What is a BSE scrip code?Show answer
A 6-digit number identifying a company on BSE.