The oldest stock exchange in Asia, it was founded in 1875 by cotton trader and Jain businessman Premchand Roychand. It evaluates the top 30 trading firms on the exchange in more than ten industries.
BSE’s total market value as of October 19, 2021, was approximately rs. 118.80 crore. The Phiroze Jeejeebhoy Towers, located on Dalal Street in the Fort neighborhood, were built starting in the late 1970s and were finished and inhabited by the BSE in 1980.
In the 1850s, stockbrokers would transact business in front of the Mumbai town hall under a banyan tree. The Native Share and Stock Brokers’ Association finally settled on Dalal Street as their meeting place after several decades of using several venues. The Sensex, a benchmark index of the BSE’s biggest and most regularly traded equities, serves as a gauge for the exchange’s overall performance.
The NSE had to postpone its intentions for listing on the bourses, making the BSE India’s sole stock exchange with a public listing. At this time, the trading platforms of NSE and BSE both provide trading in equities, F&O, foreign exchange, commodities, debt, and IRF.
BSE is the best option if you’re an Indian investor looking to buy shares in emerging businesses. However, if you are a day trader who wants to take a chance on trading shares using derivatives, futures, and options, NSE would be the better alternative. For high-risk internet transactions, NSE also has stronger software.
Whether you are an investor or a trader, it is imperative that you comprehend these stock exchanges and get aware with the key differences between BSE & NSE.