On 12 March 1993, a car bomb exploded in the basement of the building during the 1993 Bombay bombings. The brokers group became an official organization known as "The Native Share & Stock Brokers Association" in 1875. At last, in 1874, the brokers found a permanent location, the one that they could call their own. With a rapid increase in the number of brokers, they had to shift places repeatedly. A decade later, the brokers moved their location to under the banyan trees at the junction of Meadows Street and what was then called Esplanade Road, now Mahatma Gandhi Road. In the 1850s, five stock brokers gathered together under a Banyan tree in front of Mumbai Town Hall, where Horniman Circle is now situated. While BSE Limited is now synonymous with Dalal Street, it was not always so. History īombay Stock Exchange was started by Premchand Roychand in 1875. Earlier, the Bimal Jalan Committee report estimated that barely 3% of India's population invested in the stock market, as compared to 27% in the United States and 10% in China. The Economic Times estimates that as of April 2018, 6 crore (60 million) retail investors had invested their savings in stocks in India, either through direct purchases of equities or through mutual funds. The BSE is one of the world's largest stock exchanges by market capitalization. Established in 1875 by cotton merchant Premchand Roychand, a kumauni businessman, it is the oldest stock exchange in Asia, and also the tenth oldest in the world. BSE Limited, also known as the Bombay Stock Exchange ( BSE), is an Indian stock exchange which is located on Dalal Street in Mumbai.
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