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Stock Market

Stock Market

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Published by ankit_mehta_88

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Categories:Business/Law, Finance
Published by: ankit_mehta_88 on Aug 07, 2009
Copyright:Attribution Non-commercial

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01/16/2013

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STOCK EXCHANGE
STOCK EXCHANGE is an organized market place, eithercorporation or mutual organization, where members of theorganization gather to trade company stocks or other securities. Stock Exchange also facilitates for the issue and redemption of securities and other financial instruments including the payment of income and dividends. The trade on an exchange is only bymembers and stock broker who have a seat on the exchange.Some of the Stock Exchanges are--New York Stock Exchange (NYSE)--National Stock Exchange (NSE)--Bombay Stock Exchange (BSE)--Regional Stock Exchange (RSE)Stock Exchange being a very vast topic, we are focusing onBOMBAY STOCK EXCHANGE (BSE).
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BOMBAY STOCK EXCHANGE (BSE)
The Bombay Stock
 
Exchange Limited, (formerly, the StockExchange, Mumbai; popularly called as BSE) is the oldest StockExchange in Asia with a rich heritage. It is located at Dalal Street,Mumbai, India.BSE was established in 1875 as “The Native Share & StockBrokers”. It was the first Stock Exchange in the country to obtainpermanent recognition in 1956 from The Government of Indiaunder The Securities Contracts (Regulation) Act 1956. There arearound 3500 Indian companies listed with Stock Exchange and hasa significant trading volume.The Exchange is professionally managed under the over alldirection of the Board Of Directors. The Board comprises eminentprofessional, representative of Trading Members and the ManagingDirectors of the Exchange. The Board is inclusive & is designed tobenefit from the participation of market intermediaries.As of July ’05, the market Capitalization of BSE was aboutRs.20 Trillion (US $466 Billion). As of 2005, it is among the fivebiggest Stock Exchanges in the world in terms of transactionsvolume. Along with NSE, the companies listed on BSE have acombined market Capitalization of US $125.5 Billion.
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NEED FOR BSE
BSE is one of the factors Indian Economy depends upon. BSE has playeda major role in the development of the country. Through BSE, ForeignInvestors have invested in India. Due to inward flow of foreign currencythe, the Indian economy have started showing the upward trendtowards the development of the country.BSE provides employment for many people. Trading in BSE is also abusiness for a few, their family income depends on it, that is the reasonwhy when scandals occur in the stock market it not only affects thecompanies listed but also affects many families. In the few extremecases, it is observed that the bread winner of a family tends to suicidedue to the losses occurred.In most of major industrial cities all over the world, where thebusinesses were evolving and required investment capital to grow andthrive, stock exchanges acted as the interface between Suppliers andConsumers of capital. One of the key advantages of the stock exchangesis that they are efficient medium for raising resources and channelingsavings from the general public by the way of issue of Equity / DebtCapital by joint stock companies which are listed on stock exchanges.Not to forget that the taxes and other statutory charges paid by BSE aresubstantial and make a sizeable contribution to the Governmentexchequer (Financial resources; funds). For example, transactions onthe stock exchanges are subject to stamp duties, which is paid to theState Government. The annual revenue from this source ranges from Rs75 – 100 croresWith the opening up of the financial markets to Foreign Investors anumber of foreign institutional investors and brokers have established asizeable presence in Mumbai.
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