BSE – Formerly Bombay Stock Exchange

extensible Business Reporting Language or XBRL is a new electronic format that offers major benefits to businesses reporting information, including cost control and more reliable data handling. It is used by both listed companies and financial regulators. The BSE has recently adopted the XBRL taxonomy published by the Ministry of Corporate Affairs, and has received more than 21,000 XBRL documents since accepting them.

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Sensex launched on Eurex

On 4 October 2010, the Bombay Stock Exchange (BSE) launched S&P BSE Sensex futures and options trading on Eurex, the world’s largest derivatives exchange. In March 2012, BSE also launched the SME Exchange Platform and BRICSMART indices derivatives. In 2013, the BSE entered a strategic partnership with S&P Dow Jones Indices to offer currency and interest rate derivatives. In February 2014, the BSE launched an Institutional Trading Platform on the BSE SME.

Since 1986, the Sensex has grown at a compound annual rate of 14%, reflecting the substantial growth of the Indian economy and the expanding middle class. However, the Sensex fell by 40% during the coronavirus health crisis in March 2020, but it recovered over the rest of the year. It set a new all-time high in February 2021.

Sensex launched on Netmagic

Sensex is a stock market index that is based on the market capitalization of Indian companies. It was first launched in 1986 and has surpassed the 1,000 point mark on several occasions. The S&P BSE SENSEX is a market capitalization-weighted index, which gives greater weight to the largest companies. It is also based on the free-float capitalization method, which only considers the shares that are freely available in the market and excludes the shares held by insiders and restricted investors.

On 8 September 2007, the Sensex crossed the 16,000 mark for the first time. It closed at a record high of 16,278 points at 1:30 PM. On 21 January 2021, the SENSEX crossed the 50,000 mark and closed at 50,181. On 24 September 2021, the SENSEX hit the 60,000 mark. It closed at 60218 at 9:30 AM, marking a new record for the SENSEX.

Sensex launched on YES BANK

Sensex is a market capitalization-weighted index which tracks the performance of Indian stock market companies. The index was first launched in 1986 and is operated by the S&P. It measures companies’ performance based on their market capitalization and is calculated in Indian rupees. The index has increased in value significantly since India opened its economy in 1991.

Since the launch, the Sensex has grown by 14% compound annual rate, a sign of a rapidly growing Indian economy and growing middle class. However, in March 2020, the index fell by 40% during a health crisis linked to coronavirus. However, it recovered over the course of the year and hit an all-time high in February 2021.

Memorandum of Understanding with YES BANK

Yes Bank and BSE have signed a Memorandum of Understanding (MoU). The two organisations will share their expertise and resources to boost SME growth and facilitate the listing of SMEs on the BSE. The two institutions will also work together to develop banking and financial solutions for SMEs. In addition, the two institutions will conduct knowledge events to help small and medium enterprises become more competitive.

Yes Bank will offer customised solutions to listed SME members. It will also provide advisory services to EXIM potential listed SMEs. It is also launching a subsidiary, the India International Exchange (IFSC) Limited (India INX), located at the Gujarat International Finance-Tec City (GIFT City) IFSC in Ahmedabad. The BSE, which was formerly known as Bombay Stock Exchange, is also working with the IIT Alumni Council to promote startup listing and develop a High Investor Deptho platform for startups.

Dalal Street (Brokers’ Street)

Dalal Street (Brokers’ Street) is a bustling street in the heart of Mumbai, India, and is home to the Bombay Stock Exchange. Founded in 1874, the exchange is the largest in India and is home to renowned financial institutions. The name Dalal is derived from the Marathi word ‘dalal’, meaning broker, and is now synonymous with the city’s financial industry, much like Wall Street is in New York City.

The BSE, which was formerly called the Native Share and Stock Brokers’ Association, is the oldest stock exchange in Asia. The market capitalization of the BSE is more than $2.2 trillion, making it one of the world’s biggest exchanges.

Investor Protection Fund

The Investor Protection Fund of the Bombay Stock Exchange (BSE) is responsible for ensuring that the interests of investors are protected. The funds are collected from members of stock exchanges. The money is used to cover expenses such as the security of the BSE building. The BSE is also committed to creating an investor-friendly environment. To make this happen, the BSE regularly conducts investor awareness programs. These programs are held in nearly all the states of India.

The BSE was the first exchange in the country to set up an Investor Protection Fund. It provides financial support to investors who have lost money due to broker default. Under the scheme, an investor can receive up to Rs 25 lakh as compensation.

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