What is the Bombay Stock Exchange (BSE) ?

• In the year 2017, it acquired the status of India’s first listed stock exchange.

• BSE’s benchmark index is known as Sensex. The word “Sensex” is derived from two terms – sensitive and index

• BSE Trading takes places at the speed of 6 micro seconds, making it one of the country’s fastest stock exchanges.

• More than 5000 companies are listed on this bourse.

• The market capitalization of BSE was Rs. 137.13 trillion (March 2020).

• Contact an authorized broker

  Investors (including traders) connect to BSE through a set of authorized brokers. The brokers help place the trades (buy or sell orders) on the stock exchange. The services are offered against a specific charge or brokerage fees. TradeSmart offers a wide range of trading solutions through fully-automated platforms. We also offer regular updates on various investment opportunities including BSE Options trading.

• Open a BSE Trading Account and Premium Account

  The first pre-requisite for trading on this stock exchange is having a BSE Trading Account and Premium Account . You can open this account through any authorized broker or brokerage agency. Documents such as identity proof, address proof and a bank account are essential for opening this account.

• Types of BSE Trading

  BSE Trading can be of two types – intraday or day trading and delivery trading.

  In intraday trading, you need to close or square-off the transaction (long as well as short) within the same day. In this type of trading, you are allowed to use margins. Margins refer to the funding given by the broking firm to enhance your exposure. This facility permits you to buy or sell higher number of stocks, which otherwise would need you to invest more funds.

  In delivery trading, you need to hold the stocks for more than a day and hence take their delivery. There is no margin concept in this type of trading.

• Transactions

  Transactions are processed within a T+2 settlement framework or two working days.