Market Cap of BSE Listed Companies Crosses Landmark 100 Lakh Crore

India’s market capitalisation as represented by listed companies on BSE (formerly Bombay Stock Exchange) reached historic Rs 100 lakh crore mark today for the first time. Asia’s first exchange & fastest stock exchange, BSE has reached yet another landmark today by crossing a milestone in terms of its market capitalisation.

On this landmark moment, Ashishkumar Chauhan, MD & CEO, BSE said,“India and BSE reached a significant milestone today. ‎It is a reflection on the potential of India as a new age powerhouse. It is also significant that it has happened after highly successful tour of our Prime Minister Shri Narendra Modi to Nepal for SAARC, Australia for G20, Myanmar and Fiji.  This achievement is a reflection of India's growth potential as seen from the foreign investor’s perspective as well as the competitiveness of Indian entrepreneurs to manage world class organisations.” 

“It has taken India and BSE 140 years to reach this milestone of Rs 100 lakh crores market capitalisation. However given India's potential, India should be able to achieve multiple times Rs 100 lakh crore market capitalisation in time to come. In that sense India has a long way to go on the path of   job creation and wealth creation” Mr. Chauhan added

BSE in its endeavor to bring transparency and accuracy to the market has taken several initiatives and has been increasing its market share both in cash and derivatives segment. It has also gained leadership in many other products like BSE SME platform, BSE Star MF and many more.

BSE has acted as a catalyst in helping India create 100 lakh crore market capitalisations. We believe India will use capital market mechanism more over the period to help India do wealth creation and job creation. Mr. Chauhan added “BSE believes India can create 1.5 crore new jobs every year for next 20 years aggregating to 30 crore jobs using entrepreneurial energy of Indian youth. BSE will continue to act as the catalyst for wealth creation and job creation in time to come. It has taken India and BSE 140 years to reach this milestone of Rs 100 lakh crores market capitalisation. However given India's potential, India should be able to achieve multiple times Rs 100 lakh crore market capitalisation in time to come.  

BSE received close to 46.5 crore orders, on September 16, 2014 highest ever number of order received in a day in the history of BSE. BSE has also increased its market share due to its faster technology which it introduced in April 2014. BSE launched its equity trading platform software ‘BOLT Plus’.  The BSE trading system (Bolt Plus) is based on T7, the global trading architecture of Deutsche Bourse AG. One of the key features of the system is its response time of approximately 200 micro seconds, making it the fastest trading platform in the country. BSE's new technology, which is open source and low cost can handle 5 lakh orders per second.

ABOUT BSE Ltd:

BSE (formerly Bombay Stock Exchange Ltd.) – Established in 1875, BSE Ltd. (formerly known as Bombay Stock Exchange Ltd.), is Asia’s first Stock Exchange and one of India’s leading exchange groups and has played a prominent role in developing the Indian capital market. BSE is a corporatized and demutualised entity, with a broad shareholder-base which includes two leading global exchanges, Deutsche Bourse and Singapore Exchange as strategic partners. BSE provides an efficient and transparent market for trading in equity, debt instruments, equity derivatives, currency derivatives, interest rate derivatives, mutual funds and stock lending and borrowing. BSE also has a dedicated platform for trading in equities of small-and-medium enterprises (SME). BSE provides a host of other services to capital market participants including risk management, clearing, settlement, market data services and education. It has a global reach with customers around the world and a nation-wide presence. BSE systems and processes are designed to safeguard market integrity, drive the growth of the Indian capital market and stimulate innovation and competition across all market segments. Indian Clearing Corporation Limited, the wholly owned subsidiary of BSE, acts as the central counterparty to all trades executed on BSE platform and provides full innovation guaranteeing the settlement of all bonafide trades executed on the BSE Platform. BSE Institute Ltd, a fully owned subsidiary of BSE, runs one of the most respected capital market educational institutes in the country. Central Depository Services Ltd. (CDSL), a subsidiary of is one of the two central depository services in India.