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Bombay Stock Exchange India (BSE)

Last updated 25th Nov 2022

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

HolidayDateRepublic DayJanuary 26, 2021MahashivratriMarch 11,2021HoliMarch 29,2021Good FridayApril 02,2021Mahavir JayantiApril 14,2021Ram NavamiApril 21, 2021Id-Ul-Fitr (Ramzan Id)May 13, 2021Bakri IdJuly 21, 2021MuharramAugust 19, 2021Ganesh ChaturthiSeptember 10, 2021DussehraOctober 15,2021Diwali Laxmi PujanNovember 04, 2021Diwali BalipratipadaNovember 05, 2021Gurunanak JayantiNovember 19,2021

BSE Holiday Schedule 2020

HolidayDateMaha ShivratriFebruary 21, 2020HoliMarch 9, 2020Ram NavmiApril 2, 2020Mahavir JayanthiApril 6, 2020Good FridayApril 10, 2020May DayMay 1, 2020Bakri IdJuly 31, 2020Ganesh ChaturthiAugust 20,2020Mahatma Gandhi JayanthiOctober 2, 2020Diwali Laxmi BalipratipadaNovember 16, 2020ChristmasDecember 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 Session8:00 - 9:00Login Session9:00 - 9:15Trading Session9:15 - 15:30Position Transfer Session15:30 - 15:50Closing Session15:50 - 16:05Option Exercise Session16:05 - 16:35Margin Session16:35 - 16:50Query Session16:50 - 17:35End of Day Session17:35

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.

About the Author - Bombay Stock Exchange India (BSE)

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Moneyzine Editor