India Stock Index India Stock Market
India Stock Exchange, India Stockmarket
India Stock Index, India news, India economy, India business information
India is the second fastest growing economy in the world. India Stock indexes
represent the growth of the market and the international status of
India. The burgeoning India economy boasts some of the best valued
companies which are now exanding throughout many other countries.
The Indian economy continues to remain the second-fastest growing economy in the world.
``India`s
economic fundamentals are quite robust and its economy remains the
second-fastest growing one in the world``, said Suresh Tendulkar,
chairman, prime minister`s economic advisory council`s (PMEAC).
India
is not experiencing a recession as other advanced economies and its
economy would not be affected to the same extent as some other emerging
Asian economies, he said.
On
micro, small and medium enterprises (MSMEs), Tendulkar said that the
present economic slowdown would test the strength of the sector.
``Rising interest rates in the recent past has further accentuated the credit crunch for MSME entrepreneurs`` he added.
BSE
Bombay Stock Exchange
is the oldest stock exchange in Asia with a rich heritage, now spanning
three centuries in its 133 years of existence. What is now popularly
known as BSE was established as "The Native Share & Stock Brokers'
Association" in 1875.
BSE
is the first stock exchange in the country which obtained permanent
recognition (in 1956) from the Government of India under the Securities
Contracts (Regulation) Act 1956. BSE's pivotal and pre-eminent role in
the development of the Indian capital market is widely recognized. It
migrated from the open outcry system to an online screen-based order
driven trading system in 1995. Earlier an Association Of Persons (AOP),
BSE is now a corporatised and demutualised entity incorporated under
the provisions of the Companies Act, 1956, pursuant to the BSE
(Corporatisation and Demutualisation) Scheme, 2005 notified by the
Securities and Exchange Board of India (SEBI). With demutualisation,
BSE has two of world's best exchanges, Deutsche Börse and Singapore
Exchange, as its strategic partners.
Over
the past 133 years, BSE has facilitated the growth of the Indian
corporate sector by providing it with an efficient access to resources.
There is perhaps no major corporate in India which has not sourced
BSE's services in raising resources from the capital market.
Today,
BSE is the world's number 1 exchange in terms of the number of listed
companies and the world's 5th in transaction numbers. The market
capitalization as on December 31, 2007 stood at USD 1.79 trillion . An
investor can choose from more than 4,700 listed companies, which for
easy reference, are classified into A, B, S, T and Z groups.
The BSE Index, SENSEX,
is India's first stock market index that enjoys an iconic stature , and
is tracked worldwide. It is an index of 30 stocks representing 12 major
sectors. India stock exchange. India stock market. The SENSEX is constructed on a 'free-float' methodology, and
is sensitive to market sentiments and market realities. Apart from the
SENSEX, BSE offers 21 indices, including 12 sectoral indices. BSE has
entered into an index cooperation agreement with Deutsche Börse. This
agreement has made SENSEX and other BSE indices available to investors
in Europe and America. Moreover, Barclays Global Investors (BGI), the
global leader in ETFs through its iShares® brand, has created the
'iShares® BSE SENSEX India Tracker' which tracks the SENSEX. The ETF
enables investors in Hong Kong to take an exposure to the Indian equity
market.
BSE
has tied up with U.S. Futures Exchange (USFE) for U.S.
dollar-denominated futures trading of SENSEX in the U.S. The tie-up
enables eligible U.S. investors to directly participate in India's
equity markets for the first time, without requiring American
Depository Receipt (ADR) authorization. The first Exchange Traded Fund
(ETF) on SENSEX, called "SPIcE" is listed on BSE. It brings to the
investors a trading tool that can be easily used for the purposes of
investment, trading, hedging and arbitrage. SPIcE allows small
investors to take a long-term view of the market.
BSE
provides an efficient and transparent market for trading in equity,
debt instruments and derivatives. It has a nation-wide reach with a
presence in more than 450 cities and towns of India. BSE has always
been at par with the international standards. The systems and processes
are designed to safeguard market integrity and enhance transparency in
operations. BSE is the first exchange in India and the second in the
world to obtain an ISO 9001:2000 certification. It is also the first
exchange in the country and second in the world to receive Information
Security Management System Standard BS 7799-2-2002 certification for
its BSE On-line Trading System (BOLT).
BSE
continues to innovate. In recent times, it has become the first
national level stock exchange to launch its website in Gujarati and
Hindi to reach out to a larger number of investors. It has successfully
launched a reporting platform for corporate bonds in India christened
the ICDM or Indian Corporate Debt Market and a unique ticker-cum-screen
aptly named 'BSE Broadcast' which enables information dissemination to
the common man on the street.
In
2006, BSE launched the Directors Database and ICERS (Indian Corporate
Electronic Reporting System) to facilitate information flow and
increase transparency in the Indian capital market. While the Directors
Database provides a single-point access to information on the boards of
directors of listed companies, the ICERS facilitates the corporates in
sharing with BSE their corporate announcements.
BSE also has a wide range of services to empower investors and facilitate smooth transactions
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