Stock Exchanges In India: History of Stock Excanhges in India

Stock Exchanges In India:

Indian stock market marks to be one of the oldest stock market in Asia. Stock Market which is a market where the trading of company stock, both listed company securities and unlisted takes place. It is different from stock exchange because it also put all stock indices and stock index movements on the same platform. For example, we use the term, "the stock market was up today" or "the stock market bubble."


Stock Exchanges are an organised marketplace, either corporation or mutual organisation, where members of the organisation gather to trade company stocks and other securities. The members may act either as agents for their customers, or as principals for their own accounts.


Stock exchanges also facilitates for the issue and redemption of securities and other financial instruments including the payment of income and dividends. The record keeping is central but trade is linked to such physical place because modern markets are computerised. The trade on an exchange is only by members and stock broker do have a seat on the exchange.


History of Stock Exchanges In India:


In 1860, the exchange flourished with 60 brokers. In fact the 'Share Mania' in India began with the American Civil War broke and the cotton supply from the US to Europe stopped. Further the brokers increased to 250.At the end of the war in 1874, the market found a place in a street (now called Dalal Street).


In 1887, "Native Share and Stock Brokers' Association" was established. In 1895, the exchange acquired a premise in the street which was inaugurated in 1899.