A commemorative postage stamp on 140th Anniversary of the Bombay Stock Exchange (BSE) :
Issued by India
Issued on Jul 9, 2016
Issued for : On completion of 140th year of BSE, the Department of Posts is happy to release a commemorative postage stamp on BSE.
Stamp/FDC/Cancellation Cachet : Smt. Nenu Gupta
Type : Stamp, Mint Condition
Colour : Multi Colour
Denomination : 500 Paise
Stamps Printed : 0.455 Million
Printing Process : Wet Offset
Printer : Security Printing Press, Hyderabad
- Established in 1875 as the “The Native Share & Stock Brokers’ Association”, BSE Ltd. (formerly Bombay Stock Exchange) is popularly known as the “Share Bazaar”. As Asia‘s first stock exchange, BSE has been a pioneer in promoting equity investment among Indians and boasts of several highs that dot its 139-year old history.
- BSE has been a catalyst, facilitator, an observer and a constant in the development of the capital market of India both pre-Independence and post-Independence. It has helped in asset formation across sectors, thereby laying a foundation for wealth generation on a sustained basis. Today, three centuries later we see a tall, iconic building at Dalal Street housing one of India’s best known landmarks – BSE. The story of BSE is the story of the Indian economy.
- As India‘s leading stock exchange, BSE is an iconic institution and symbolic of India’s economic prowess and resilience as it continues to be a port-of-call for several high-level dignitaries, both national as well as international, from a multitude of fields.
- BSE acts as a gateway to the dynamic Indian capital markets. It is the premier Stock Exchange of India with listed market capitalization in excess of US $1 trillion.
- BSE is ranked as the largest Exchange in the world in terms of listed companies. It has further extended its lead as the world’s top exchange in terms of the number of listed companies, outpacing the major global peers like NYSE, Nasdaq and London Stock Exchange.
- Earlier it had a trading floor with large number of floor brokers trading with hand signals. However, given the IT prowess of India, BSE became completely automated in 1995. It was one of the early pioneers of automated screen based trading. It also became a role model for many member owned exchanges to become automated.
- Today, BSE is known for its highly developed and one of the fastest electronic systems for order entry, trading, clearing and settlement, depository services etc. BSE continually seeks to improve its core IT capabilities, the reliability and consistency of which help to maintain its position.
- BSE provides investment opportunities to Indian and foreign investors in the entire gamut of financial instruments including large cap equity, SME equity, corporate debt, government debt, Indian depository receipts hybrid, equity future, equity options, stock index futures, stock index options, interest rate futures, currency futures, currency options, mutual funds, IPOs etc.
- BSE has set up a 50:50 Joint Venture with Standard and Poors (S&P) to manage Indices jointly. The benchmark S&P BSE Sensex index is the most followed Indian Index in the world. In addition, other indices such as S&P BSE 100, S&P BSE 500 etc are closely monitored by Indian and foreign investors keen on investing in emerging economies. S&P BSE Sensex was first compiled on January 2, 1986 comprising of top 30 stocks in the country.
- The S&P BSE Sensex is often referred to as the barometer of Indian economy. Amongst many recent initiatives, BSE successfully launched the S&P BSE IPO index, S&P BSE Carbonex, S&P BSE Greenex and PSU website. The strategic partnership with S&P Dow Jones Indices allows BSE to leverage the global marketing strength of the global leader in indices. With BSE’s strong knowledge of the Indian market and investor interests, the new partnership is able to provide Indian and International investors with the index solutions they need, to take well-informed investment decisions. It will also help in increasing international interest and participation in Indian capital markets.
- India has the capability to become world’s fastest growing economy and for the same it is imperative that around 15 million jobs are created every year for the next 20 years. The Indian society is young with more than 50 percent of population under the age of 25. A healthy saving rate of around 30 percent creates a need for finding efficient way of channelizing these savings, either through equity, debt or any hybrid instruments or through mutual funds. Thus the stock exchanges play an important role in creating a platform for investors to invest in the Indian growth story and get benefited too.
- With a new tagline – Experience the new – BSE is well poised to explore newer frontiers of the financial markets in terms of technology, products and distribution.
- Text : Based on the material received from proponent.