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.

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