Editing Stock exchange (section)

===19th century onwards===
[[File:The New Oriental Bank and Share Market, Bombay.jpg|thumb|upright=0.85|The New Oriental Bank and Share Market, Bombay (now [[Mumbai]]) in 1875 acting as [[Bombay Stock Exchange]]]]
Bombay Stock Exchange was started by Premchand Roychand in 1875.<ref>{{cite news |title=BSE may set another record, become an official tourist spot |url=https://www.newindianexpress.com/cities/mumbai/2017/oct/06/bse-may-set-another-record-become-an-official-tourist-spot-1667426.html |access-date=4 November 2021 |work=[[The New Indian Express]] |agency=[[Press Trust of India]] |date=6 October 2017 |archive-date=4 November 2021 |archive-url=https://web.archive.org/web/20211104151832/https://www.newindianexpress.com/cities/mumbai/2017/oct/06/bse-may-set-another-record-become-an-official-tourist-spot-1667426.html |url-status=live }}</ref> While BSE Limited is now synonymous with Dalal Street, it was not always so. In the 1850s, five stock brokers gathered together under a Banyan tree in front of Mumbai Town Hall, where Horniman Circle is now situated.<ref>{{cite web |title=THE PROFILE OF BOMBAY STOCK EXCHANGE LIMITED |url=https://www.researchgate.net/publication/289504506}}</ref> A decade later, the brokers moved their location to another leafy setting, this time under banyan trees at the junction of Meadows Street and what was then called Esplanade Road, now Mahatma Gandhi Road. With a rapid increase in the number of brokers, they had to shift places repeatedly. At last, in 1874, the brokers found a permanent location, the one that they could call their own. The brokers group became an official organization known as "The Native Share & Stock Brokers Association" in 1875.<ref>{{cite web |title=The History of Bombay Stock Exchange |website = [[YouTube]]| date=11 September 2014 |url=https://www.youtube.com/watch?v=oDkiJcRWvRQ| archive-url=https://ghostarchive.org/varchive/youtube/20211030/oDkiJcRWvRQ| archive-date=2021-10-30}}{{cbignore}}</ref>

The Bombay Stock Exchange continued to operate out of a building near the [[Asiatic Society of Bombay|Town Hall]] until 1928. The present site near [[Horniman Circle Gardens|Horniman Circle]] was acquired by the exchange in 1928, and a building was constructed and occupied in 1930. The street on which the site is located came to be called ''Dalal Street'' in Hindi (meaning "Broker Street") due to the location of the exchange.

On 31 August 1957, the BSE became the first stock exchange to be recognized by the [[Indian Government]] under the Securities Contracts Regulation Act. Construction of the present building, the [[Phiroze Jeejeebhoy Towers]] at [[Dalal Street]], [[Fort (Mumbai precinct)|Fort area]], began in the late 1970s and was completed and occupied by the BSE in 1980. Initially named the ''BSE Towers'', the name of the building was changed soon after occupation, in memory of Sir [[Phiroze Jamshedji Jeejeebhoy]], chairman of the BSE since 1966, following his death.

In 1986, the BSE developed the S&P [[BSE SENSEX]] index, giving the BSE a means to measure the overall performance of the exchange. In 2000, the BSE used this index to open its derivatives market, trading S&P BSE SENSEX futures contracts. The development of S&P BSE SENSEX options along with equity derivatives followed in 2001 and 2002, expanding the BSE's trading platform.

Historically an open outcry floor trading exchange, the Bombay Stock Exchange switched to an electronic trading system developed by [[Cmc ltd]]. in 1995. It took the exchange only 50 days to make this transition. This automated, [[screen-based trading]] platform called BSE On-Line Trading (BOLT) had a capacity of 8 million orders per day. Now BSE has raised capital by issuing shares and as on 3 May 2017 the BSE share which is traded in NSE only closed with ₹999.<ref>{{cite web |url=http://www.bseindia.com/about/tech.asp |title=BSEIndia |publisher=BSEIndia |access-date=28 July 2010 |url-status=dead |archive-url=https://web.archive.org/web/20140122172626/http://www.bseindia.com/about/tech.asp |archive-date=22 January 2014 |df=dmy-all }}</ref>