Overview
The BSE is an exchange for Indian equities, currency derivatives and interest rate products sometimes informally referred to as "Dalal Street" (or "Brokers' Street). It's CEO is Ashish Chauhan, who became the Deputy CEO after working at Reliance Industries.
The biggest stocks on Dalal Street
In terms of market capitalization they are Tata Consultancy Services (with a market capitalization of around 5 lakh crore rupees), Reliance Industries and ITC Ltd.
ITCs brands include Aashirvaad, Sunfeast and Kitchens of India. The ITC brand also gives its name to a range of luxury hotels in India including ITC Grand Chola in Chennai and ITC Maratha in Mumbai.
History of Stock Trading, 1875, Rise of the Sensex, 1986
BSE's history goes back to 1875 but its activity in derivatives is altogether more recent, with the S&P BSE Sensex launched in 1986 with a base year 1978-1979 with value 100. This was India's first stock index. It consists of 30 stocks and is designed to reflect the overall sentiment of the market.
History of Equity Derivatives, 2000
Equity derivatives were launched as late as June 2000. On February 27, 2015, BSE launched LEIPS or single stock options (LEIPs being the Liquidity Enhancement Incentive Program), the running of such schemes being authorised by SEBI in June 2011. The single stocks scheme focuses on 20 securities in the BSE Sensex (examples being SBI, ICICI and HDFC bank). There are various types of incentive, one being a quote based incentive for MMs.
Currency Futures Market
Within currencies, the BSE offers futures contracts on pairs such as USD versus INR, pound, euro and yen as well versus INR.
Interesting Aspects
Shares with volume spurts are monitored (largest proportional change in ADV in lakhs). Say the ADV of a share is 1 lakh, and it suddenly trades 10 lakhs, this will be picked up by the volume spurts monitor.
The BSE is an exchange for Indian equities, currency derivatives and interest rate products sometimes informally referred to as "Dalal Street" (or "Brokers' Street). It's CEO is Ashish Chauhan, who became the Deputy CEO after working at Reliance Industries.
The biggest stocks on Dalal Street
In terms of market capitalization they are Tata Consultancy Services (with a market capitalization of around 5 lakh crore rupees), Reliance Industries and ITC Ltd.
ITCs brands include Aashirvaad, Sunfeast and Kitchens of India. The ITC brand also gives its name to a range of luxury hotels in India including ITC Grand Chola in Chennai and ITC Maratha in Mumbai.
History of Stock Trading, 1875, Rise of the Sensex, 1986
BSE's history goes back to 1875 but its activity in derivatives is altogether more recent, with the S&P BSE Sensex launched in 1986 with a base year 1978-1979 with value 100. This was India's first stock index. It consists of 30 stocks and is designed to reflect the overall sentiment of the market.
History of Equity Derivatives, 2000
Equity derivatives were launched as late as June 2000. On February 27, 2015, BSE launched LEIPS or single stock options (LEIPs being the Liquidity Enhancement Incentive Program), the running of such schemes being authorised by SEBI in June 2011. The single stocks scheme focuses on 20 securities in the BSE Sensex (examples being SBI, ICICI and HDFC bank). There are various types of incentive, one being a quote based incentive for MMs.
Currency Futures Market
Within currencies, the BSE offers futures contracts on pairs such as USD versus INR, pound, euro and yen as well versus INR.
Interesting Aspects
Shares with volume spurts are monitored (largest proportional change in ADV in lakhs). Say the ADV of a share is 1 lakh, and it suddenly trades 10 lakhs, this will be picked up by the volume spurts monitor.
