What is the Bombay Stock Exchange?
The oldest stock exchange in India is the Bombay Stock Exchange (BSE). Bombay Stock Exchange is the third biggest stock exchange in the world. The stock exchange can be defined as a market where securities are purchased and sold. It is an official platform for developing funds for enterprises in India. It provides an ideal platform for currency pairs, debt or debentures and trade equities etc. It is located in Mumbai, India. The concept of the Bombay Stock Exchange came in the year 1875, the stock exchange gained its importance for faster transaction processing. The average trade pace of the Bombay Stock Exchange is 6 microseconds. The market capitalisation of the Bombay Stock Exchange was estimated to be $2 trillion in July 2017. It is helping in the development of the capital markets of India that includes the retail debt market. The Indian corporate sector is growing with the contribution of BSE. It is the first stock market exchange in Asia that includes an equities trading platform for all kinds of businesses such as small and medium enterprises. BSE has proved its importance in capital market services such as clearing, settlement, and risk management. In this article, we are going to know about the list of bombay stock exchange holidays as it remains closed for national holidays and religious festivals.
(Image Will be Uploaded Soon)
Origin of the Bombay Stock Exchange
The origin of the Bombay Stock Exchange traces back to 1850. The Indian stockbrokers used to conduct their business under a banyan tree in front of the Mumbai town hall in the year 1850. The Bombay Stock Exchange (BSE) is situated on Dalal Street in Mumbai, India. Then Dalal Street was officially selected in 1874 and established as the location for the Native Share and Stock Brokers' Association, the forerunner organization that would eventually become the BSE as formal meetings were continuously held for a few decades of various meeting locations in that area. Mumbai city is now a major financial centre in the country. Dalal Street is an adobe to the different number of banks, various investment firms, and financial service companies. The significance of Dalal Street to India is in the same way as that of Wall Street in the United States. Investors of India and the experts of the stock market are maintaining the investment activity of Dalal Street. They will use it in future as a figure of speech to represent the Indian financial industry.
List of Bombay Stock Exchange holiday
Bombay Stock Exchange performs its operations of stock exchanging from Monday to Friday and remains closed on weekends i.e. Saturday and Sunday. It remains closed on few days in the year on account of different festivals and the National holidays. Bombay Stock Exchange holiday list is given below. Here you will get a complete Bombay Stock Exchange holidays list 2021.
Bombay Stock Exchange Open Timing
The market timing of the stock market is important to invest in stocks. Different operations are performed at different timings. BSE is performing its operation on the equities segment all days of the week except Saturdays and Sundays and Bombay Stock Exchange holidays declared by the Mumbai stock market holidays in advance. The bombay stock exchange open timing of the equities segment are:
The timing of the pre-open session
Order entry and modification Open: 9:00 hrs
Order entry and modification Close: 9:08 hrs
The timing of Regular trading session
Normal Physical Market Open: 09:15 hrs
Normal Physical Market Close: 15:30 hrs
The timing of the closing session
The Closing Session usually happened between 15.40 hrs and 16.00 hrs
The timing of block deal session:
Morning Window: This window is used to perform its operation between 08:45 AM to 09:00 AM.
Afternoon Window: This window is used to perform its operation between 02:05 PM to 2:20 PM.
How Bombay Stock Exchange Works?
The overall performance of the Bombay Stock Exchange is measured on the basis of the Sensex. Sensex is defined as a benchmark index of 30 of the largest and most actively traded stocks of the Bombay Stock Exchange covering 12 sectors. The oldest stock index of India is the Sensex. It is also known as "BSE 30". The BSE 30 or Sensex widely represents the composition of India's entire market. the BSE switched from an open floor to an electronic trading system in the year 1995. It is efficiently developing the capital market of India providing an official platform where the corporate sector of India can raise the level of investment capital.
Nowadays the trading is system is based on electronics which is dominating the financial industry overall, offering fewer errors, better execution, and good efficiency than traditional open-outcry trading systems. On the basis of requirement, investors are free to invest their money through the stock market into securities. Later investors can reconvert this investment into cash. The availability of ready markets for the sale and purchase of securities increases their marketability and enhances liquidity. Securities that the Bombay Stock Exchange of India provides are stock options, stocks, index options, stock futures, index futures, and weekly options etc. It provides security to the investors and deals with the matter of dispute between investors and the company.
The objectives of the Bombay Stock Exchange
The bombay stock exchange market is important for the economic development of the country. It provides security to the stocks of investors. The main objectives of the Bombay Stock Exchange are as follows.
BSE provides safety to the interest of investing public having dealings on the exchange.
Its objective is to establish honourable and just practices in securities transactions.
BSE is successfully promoting and developing and maintaining a well-regulated market in securities.
Its one more important objective is to promote the development of the industry in the country through efficient and available resource mobilization by the way of investment in corporate securities.
BSE is targeting to become the most official and versatile stock exchange of India where it provides best-in-class global practice in technology, products innovation and customer service.
The main aim of the BSE is to provide a lawful market place for the purchase and sale of a security that will work as evidence of the ownership of business property or of a public or business debt.
Do You Know?
The Bombay Stock Exchange is one of the fastest stock exchanges in the world. The stock exchange is done with a speed of 6 microseconds.
FAQs on Bombay Stock Exchange (BSE): Origin And List Of Holidays
1) What is the role of the Bombay Stock Exchange in the economy?
The Bombay Stock Exchange plays a vital role in the economic system of India. New securities are offered by a stock exchange facilitates to investors from new companies for the purpose of capital formation. It also makes a Secondary market for trading where securities are already issued. Its major role is to monitor the market to make sure that the exchange role is working efficiently, fairly, and transparently. It also provides information to investors about the open opportunities. These works of BSE in the field of stock change prove that BSE is important to the economical development of the nation.
2) How many Bombay Stock Market holidays are pre-decided by the BSE?
The BSE works every day of the week from Monday to Friday except Saturday and Sunday. It also does not operate on few days of the year when any national holiday or festival encounters. There are fourteen Bombay Stock Exchange holidays are given in the list provided by the bombay stock exchange. The BSE can change the list of holidays by circulating a separate circular that should be issued in advance.
3) What are the features of the Bombay Stock Market?
The features of the Bombay Stock Exchange are important for the smooth conduction of the work. One of the main features of the Bombay Stock Market is that it is an organised market where operations of the stock exchange are done in an organised manner. It deals with the issues on various concerns on securities Issued. The securities which will be traded in BSE are already provided. The atters and operations of BSE are deals with by Authorised Members. The BSE obey some necessary rules to maintain law and order in their operations etc.
