History of Stock Exchanges In India

History of Stock Exchanges In India: 
  • History of Indian Stock Market: Indian stock market marks to be one of the oldest stock market in Asia. It dates back to the close of 18th century when the East India Company used to transact loan securities. In the 1830s, trading on corporate stocks and shares in Bank and Cotton presses took place in Bombay.  13 Though the trading was broad but the brokers were hardly half dozen during 1840 and 1850.
  • An informal group of 22 stockbrokers began trading under a banyan tree opposite the Town Hall of Bombay from the mid-1850s, each investing a (then) princely amount of Rupee 1. This banyan tree still stands in the Horniman Circle Park, Mumbai. In 1860, the exchange flourished with 60 brokers. In fact the 'Share Mania' in India began with the American Civil War broke and the cotton supply from the US to Europe stopped. Further the brokers increased to 250. The informal group of stockbrokers organized themselves as the The Native Share and Stockbrokers Association which, in 1875, was formally organized as the Bombay Stock Exchange (BSE).
  • BSE was shifted to an old building near the Town Hall. In 1928, the plot of land on which the BSE building now stands (at the intersection of Dalal Street, Bombay Samachar Marg and Hammam Street in downtown Mumbai) was acquired, and a building was constructed and occupied in 1930. Premchand Roychand was a leading stockbroker of that time, and he assisted in setting out traditions, conventions, and procedures for the trading of stocks at Bombay Stock Exchange and they are still being followed.
Important Stock Exchange:
  • National Stock Exchange: National Stock Exchange incorporated in the year 1992 provides trading in the equity as well as debt market. Maximum volumes take place on NSE and hence enjoy leadership position in the country today
  • Bombay Stock Exchange: BSE on the other hand was set up in the year 1875 and is the oldest stock exchange in Asia. It has evolved in to its present status as the premier stock exchange.
         In 1860, the exchange flourished with 60 brokers. In fact the 'Share Mania' in India began when the American Civil War broke and the cotton supply from the US to Europe stopped. Further the brokers increased to 250. At the end of the war in 1874, the market found a place in a street (now called Dalal Street). In 1887, "Native Share and Stock Brokers' Association" was established. In 1895, the exchange acquired a premise in the street which was inaugurated in 1899.

         There are 23 stock exchanges in India.In India we have Bombay stock exchange ,National stock exchange and the rest 21 are Regional stock exchanges

List of Stock Exchange
  1. Bombay Stock Exchange (BSE)
  2. National Stock Exchange (NSE)
  3. Ahmedabad Stock Exchange 
  4. Bangalore Stock Exchange 
  5. Bhubaneshwar Stock Exchange 
  6. Calcutta Stock Exchange 
  7. Cochin Stock Exchange 
  8. Coimbatore Stock Exchange 
  9. Delhi Stock Exchange 
  10. Guwahati Stock Exchange 
  11. Hyderabad Stock Exchange 
  12. Jaipur Stock Exchange 
  13. Ludhiana Stock Exchange 
  14. Madhya Pradesh Stock Exchange 
  15. Madras Stock Exchange 
  16. Magadh Stock Exchange 
  17. Mangalore Stock Exchange 
  18. Meerut Stock Exchange 
  19. OTC Exchange Of India 
  20. Pune Stock Exchange 
  21. Saurashtra Kutch Stock Exchange 
  22. Uttar Pradesh Stock Exchange 
  23. Vadodara Stock Exchange
Source: 
http://shodhganga.inflibnet.ac.in/bitstream/10603/2027/7/07_chapter%202.pdf

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