Team Adda247 and Bankers Adda have introduced a Special Banking Awareness series for SBI and IBPS Interviews 2021. In this series, we will be introducing the candidates with some banking awareness topics On a daily basis that will improve their general awareness and will also ensure that the candidates do not lack in any banking term when it comes to the interview round. Today the topic of our Banking Awareness Series is Bombay Stock Exchange: Banking Awareness Special Series
HQ: Dalal Street, Mumbai
Chairman: Vikramajit Sen
Bombay Stock Exchange known as the BSE is Indian stock exchange located on Dalal Street in Mumbai. BSE is the Asia’s oldest stock exchange established on 1875. Currently the BSE is the world’s 7th largest stock exchange with an overall market capitalization of more than 2.8 trillion US dollar.
BSE became first stock exchange in India which is recognized by the Indian Government under the Securities contracting Regulation Act. BSE’s index is Sensex which is acronym of sensitive index, which comprises top 30 companies. Sensex index means to measure the overall performance of the exchange which is developed by BSE in 1986. Currently BSE has many indices BSE SENSEX, S&P BSE Small cap, S&P BSE Midcap, S&P BSE Large cap and BSE 500 etc. The BSE is partner exchange of the UN (United Nations) sustainable stock exchange initiative. BSE launched India INX in December, 2016 which is the first international exchange of India. BSE helping India to develop capital markets including the retail debt market, and has helped grow the Indian corporate sector. BSE diversified into providing capital market service, its clearing, settlement and risk management.
The term ‘Sensex’ was given by stock market analyst Deepak Mohoni. Sensex has achieved milestone by crossing 50,000 mark with all time-high on 21st January, 2021.