The Bombay Stock Exchange, popularly known as the BSE, is the oldest stock exchange in Asia. There are more than 4700 companies in the BSE companies list. The list provides details of all companies that have been included in the Sensex from its inception in 1986. BSE index is tracked worldwide- such height has it acquired in its stature. It is an index of 30 stocks representing 12 major sectors. A ‘free-float’ methodology is used in the construction of the BSE Sensitive Index (or SENSEX) and is sensitive to market sentiments and market realities.
The achievement of the Bombay Stock Exchange as a premier stock exchange in the country is indeed something to be proud of. And the rise in the number of BSE companies is an indicator of that. The BSE index is a value weighted index composed of 30 of the largest and most actively traded stocks, representatives of various sectors of the BSE SENSEX. The BSE sensitive index has increased to ten times from June 1990 to present.
The BSE is reviewed and modified by its authorities at regular intervals. For the better representation of the BSE companies listed, Bse launched on May 1994 two new BSE index series- the BSE 200 and the DOLLEX 20. The values of all indices of the BSE SENSEX are updated on real time basis in market hours. On January 21, 2008, the BSE SENSEX saw its highest ever loss along with other markets around the world. The next day, BSE sensitive index went into a freefall. This was relective of the shadows of recession that was hitting the US and thus the rest of the world.
Today, BSE is number one exchange in the BSE companies listed and the world’s fifth in transaction numbers. The BSE index has 21 more indices apart from the BSE SENSEX, including 12 more sectoral indices. BSE sensitive index provides an efficient and transparent market for trading in equity, debt instruments and derivatives. It has a nation-wide reach with a presence in more than 359 cities and towns of India.
About the Author:Sourav Sharma is freelance market analyst and is writing reviews articles on latest news India, BSE index, india business news, cricket news, share market news and information on Sensex index.
Article Source: ArticlesBase.com - Bombay Stock Exchange Story
No comments:
Post a Comment