Bombay Stock Exchange (BSE) History & Holidays

    Bombay Stock Exchange History

    The Bombay Stock Exchange (BSE) is the largest and oldest stock exchange in Asia. The BSE was originally formed in 1875 and was the first exchange to receive approval from the Indian government under the Securities Contracts (Regulation) Act of 1956. There are currently close to 5,000 stocks which trade on the Bombay Stock Exchange. The BSE is tracked with the BSE Sensex, an index of 30 large cap stocks. The BSE is the first exchange in India to list derivatives, such as futures, options, etc. Trading on the BSE takes place between 9:30 and 15:30 Bombay Standard Time.

    BSE Sensex

    The BSE Sensex is the most widely tracked index in the Indian stock market.  It is comprised of 30 stocks and is a value-weighetd index.  The index is reviewed regularly by the Bombay Stock Exchange authorities to ensure the components reflect the dominant industries in India.  The BSE Sensex had a starting value of 100 in 1979 and has increased in value over ten times.

    Bombay Stock Exchange 2009 Trading Holidays

    • January 8, 2009 - Moharram
    • January 26, 2009 - Republic Day
    • February 23, 2009 - Mahashivratri
    • March 10, 2009 - Id-E-Milad
    • March 11, 2009 - Holi
    • April 3, 2009 - Ram Navi
    • April 7, 2009 - Mahavir Jayanti
    • April 10, 2009 - Good Friday
    • April 14, 2009 - Dr. Ambedkar Jayanti
    • May 1, 2009 - Maharashtra Day
    • September 21, 2009 - Ramzan Id
    • September 28, 2009 - Dasera
    • October 2, 2009 - Gandhi Jayanti
    • October 19, 2009 - Diwali
    • November 2, 2009 - Gurunanak Jayanti
    • December 25, 2009 - Christmas Day
    • December 28, 2009 - Moharram

    Bombay Stock Exchange 2008 Trading Holidays

    • March 6, 2008 - Mahashivratri
    • March 20, 2008 - Id-E-Milad
    • March 21, 2008 - Good Friday
    • April 14, 2008 - Ambedkar Jayanti
    • April 18, 2008 - Mahavir Jayanti
    • May 1, 2008 - Maharashtra Day
    • May 19, 2008 - Buddha Purnima
    • August 15, 2008 - Independence Day
    • September 3, 2008 - Ganesh Chathurthi
    • October 2, 2008 - Ramzan Id / Gandhi Jayanti
    • October 9, 2008 - Dasera
    • October 28, 2008 - Diwali (Laxmi Pujan)
    • October 30, 2008 - Diwali (Bhaubeez)
    • November 13, 2008 - Gurunanak Jayanti
    • December 9, 2008 - Bakri-Id
    • December 25, 2008 - Christmas Day

    Recent Mumbai Stock Exchange Events

    • April 10, 2004 first margin trade transaction
    • August 28, 2007 BSE buys 5% stake in Calcutta Stock Exchange
    • October 29, 2007 BSE crossess 20,000 mark
    • January 21, 2008 BSE Sensex declined 1408.35 or 7.41% to 17.605.35, its biggest single-day point fall on a closing basis
    • July 29, 2008 the Reserve Bank of India increased the benchmark interest rate to 9% to reduce inflation as a result of the massive inflow of cash into India from foreign investors
    • August 22, 2008 BSE Executives to allow two foreign shareholders, Singapore Stock Exchange (SGX), and Deutsche Bourse (DB), to have their representatives on the Bombay Stock Exchange board
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