Moneyzine
/Investment Guides /Bombay Stock Exchange India (BSE)

Bombay Stock Exchange India (BSE)

Moneyzine Editor
Author: 
Moneyzine Editor
4 mins
January 9th, 2024
Advertiser Disclosure
Bombay Stock Exchange India (BSE)

The Bombay Stock Exchange (BSE), also known as the Stock Exchange Mumbai, is one of the oldest exchanges in all of Asia, dating back to 1875 when it was known as the Native Share and Stock Brokers Association.

The exchange is home to about 5,133 listed companies, with a total market capitalization of around $2.25 trillion (USD) as of May 2020. The BSE is also one of the busiest stock exchanges in the world, currently ranking around number six in terms of annual transactions. The exchange has experienced explosive growth, with a four-fold increase in trading volume over 15 years (1998 - 2013).

Vision and Security of the BSE

The vision of the Bombay Stock Exchange is "Emerge as the premier Indian stock exchange by establishing global benchmarks." This means the exchange is thinking big in terms of customer service and trading activity. The market has not only experienced explosive growth in terms of trading volume, but also in terms of overall return to investors.

The BSE has averaged a 13.71% annual return when measured by Sensex, the most popular stock index in India, over the last 10 years (2008 - 2018). Other important indices originating from the Bombay exchange include the BSE 100, BSE 500, BSEPSU, BSEMIDCAP, BSESMLCAP, and BSEBANKEX.

Protecting the interests of investors dealing in securities is one of the primary objectives of the exchange, which provides this additional security by ensuring remedy of grievances, whether this is against member companies or member / brokers. Overall guidelines for the marketplace are established by the Securities and Exchange Board of India (SEBI).

The Bombay Stock Exchange has a national reach in India, claiming a presence in 296 towns and cities throughout the country. The exchange is operated through a unique and proprietary computer system known as the "BSE On Line Trading System" or BOLT. The exchange has also received ISO 9001:2000 certification in the areas of surveillance and clearing / settlement functions.

Facts and Figures

The following are some of the facts and figures for the volume of trading that occur on the Bombay Stock Exchange:

  • As of May 2020, the average volume of business conducted on the BSE was approximately $8.0 billion each month.

  • The number of shares traded each month on the BSE averaged 28.1 million (YTD May 2020).

  • The total market capitalization for the 5,133 companies traded on the BSE is in the area of $2.25 trillion. All of the above dollar values are stated in USD.

Bombay Stock Exchange Holidays

The BSE's list of public holidays and trading holidays are different than those found in U.S.-based stock exchanges such as the NYSE EuroNext. The following table show the holidays that will be observed during the calendar years 2021 and 2020:

BSE Holiday Schedule 2021

Holiday

Date

Republic Day

January 26, 2021

Mahashivratri

March 11,2021

Holi

March 29,2021

Good Friday

April 02,2021

Mahavir Jayanti

April 14,2021

Ram Navami

April 21, 2021

Id-Ul-Fitr (Ramzan Id)

May 13, 2021

Bakri Id

July 21, 2021

Muharram

August 19, 2021

Ganesh Chaturthi

September 10, 2021

Dussehra

October 15,2021

Diwali Laxmi Pujan

November 04, 2021

Diwali Balipratipada

November 05, 2021

Gurunanak Jayanti

November 19,2021

BSE Holiday Schedule 2020

Holiday

Date

Maha Shivratri

February 21, 2020

Holi

March 9, 2020

Ram Navmi

April 2, 2020

Mahavir Jayanthi

April 6, 2020

Good Friday

April 10, 2020

May Day

May 1, 2020

Bakri Id

July 31, 2020

Ganesh Chaturthi

August 20,2020

Mahatma Gandhi Jayanthi

October 2, 2020

Diwali Laxmi Balipratipada

November 16, 2020

Christmas

December 25, 2020

Trading Hours / Session Timing

The following is a table of the session timing / hours of operation for trading that occurs on the BSE. These times apply to both the equities and derivatives markets. They also indicate the schedule for the start and finish of electronic trading sessions on the BSE.

BSE Hours of Operation

Beginning of the Day Session

8:00 - 9:00

Login Session

9:00 - 9:15

Trading Session

9:15 - 15:30

Position Transfer Session

15:30 - 15:50

Closing Session

15:50 - 16:05

Option Exercise Session

16:05 - 16:35

Margin Session

16:35 - 16:50

Query Session

16:50 - 17:35

End of Day Session

17:35

The hours of operation for the BSE quoted above are stated in terms of the local time in Mumbai, India (also known as Bombay). This translates into a standard time zone UTC/GMT +5:30.

Additional Resources

  • We live in a global economy; however, some of the largest stock markets in the world are located in the United States, and they do follow an American holiday schedule. There are currently nine holidays on which these stock markets are closed, as well as special rules that often indicate the early close of these exchanges.
    Moneyzine Editor
    Moneyzine Editor
    September 21st, 2023
  • London Stock Exchange (LSE)
    Details Last Updated: Saturday, 26 December 2020
    Moneyzine Editor
    Moneyzine Editor
    January 23rd, 2024
  • Australian Stock Exchange (ASX)
    The Australian Stock Exchange Limited (ASX) operates Australia's national exchange for equities, derivatives, and fixed interest securities such as bonds. The exchange also provides comprehensive market information and data to a wide range of traders, brokers, and commissions.
    Moneyzine Editor
    Moneyzine Editor
    January 8th, 2024
  • NYSE MKT (Formerly the American Stock Exchange)
    At one time, the American Stock Exchange, or Amex, was the third largest exchange in the United States, positioned behind the New York Stock Exchange and the NASDAQ. Prior to the merger with NYSE Euronext, over 570 companies were listed on the Amex, with a market value in excess of $565 billion.
    Moneyzine Editor
    Moneyzine Editor
    January 5th, 2024
  • Investors that trade stocks will understand the concept of a stock exchange, but novice investors may not understand the subtle differences between the major exchanges. For example, why is it that some companies choose to be listed on the New York Stock Exchange while others are traded on the NASDAQ?
    Moneyzine Editor
    Moneyzine Editor
    September 21st, 2023

Contributors

Moneyzine 2024. All Rights Reserved.