Indian Stock Market

In the Indian stock market, the Bombay/Mumbai Exchange (BSE) had the most listed companies in South Asia. With 4700 listed companies in 2007, this exchange in the Indian Stock Market, dealt with an equity capitalization of 1,79 trillion dollars US, ranking this Indian stock market exchange as 12^th in the world. BSE, SENSEX, called the BSE 30 is the index, which is widely used in India and other parts of Asia. There are other exchanges used in the Indian Stock Market, but the BSE and the National Stock Exchange of India are the ones most commonly used.

The Indian stock market, (BSE) is allied with the Singapore Stock exchange when SSE acquired 5% or 42.7 million dollars in shares. As the Indian Stock Market's Bombay/Mumbai Exchange is tied to the Singapore Stock Exchange, the BSE intends to take part in the rise of the Singapore Stock Exchange as vital player in the Asian market. The (BSE) has also enhanced the Indian Stock Market by partnering up with Deutshe Borse.

The Bombay/Mumbai Indian Stock Market history began in the 1830's as business in banking and cotton presses began offering corporate stocks and shares. The American Civil War of 1960-1865 crated a bubble in the Indian Stock Market. Following that bubble, jute industries share prices increased and tea and coal share prices boomed in the 1870's through the 1890's. The Indian Stock Market, particularly the Bombay Stock Exchange is the oldest stock exchange in Asia. In the beginning, in the early 1800's the stockbrokers used to gather around the banyan trees in front of the town hall. The group grew as time went on and eventually relocated to Dalal Street, and in 1874 they became the Native Share and Stock Brokers Association.

The Indian Stock Market, SENSEX (sensitive index) was first complied using a market capitalization weighted system for 30 component stock from their well established companies in 1986, while the SENSEX base year was actually 1978-1979. In 2000, The BSE used the SENSEX index in the Indian Stock Market to open up its futures contracts and derivative market. The Indian stock market by way of the BSE took only 55 days to modernize and go electronic in 1995.