The Bombay Stock Exchange (BSE) is the pride of India, being the first stock exchange established in Asia. Bombay Stock Exchange was founded on 9 July 1875.
A stock exchange is an establishment that facilitates stock brokers and traders to buy and/or sell stocks (shares) of listed companies, bonds and other securities. It is also called secondary market for shares. Companies raise capital from public and institutions by issuing shares through a process called Initial Public Offers (IPO).This market is called primary market. Stock exchanges which act as secondary market provide an opportunity to investors to sell such shares acquired and/ or new investors to buy shares at a price that is determined based on various factors like the demand and supply of shares, growth prospects of the company, overall performance of the economy etc.
In terms of the number of listed companies ( more than 5500) and the speed of execution of transactions (6 micro seconds), Bombay Stock Exchange, the Bombay Stock Exchange occupies world’s No.1 position. The corporate office of BSE functions at Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai.
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