Presentation by : Geetika Shrivastava & Soumen Mazumder The Indian Stock Market Journey 1996-2016

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A stock exchange is a place or organization by whichstock traders(people and companies) can trade stocks. Companies may want to get their stock listed on a stock exchangeAstock market,equity marketorshare marketis the aggregation of buyers and sellers (a loose network of economic transactions, not a physical facility or discrete entity) ofstocks(also called shares), which represent ownership claims on businesses; these may includesecuritieslisted on astock exchangeas well as those only traded privately.Introduction

Bombay Stock Exchange founded by Premchand Roychand.A man who made a fortune in the stockbroking business and came to be known as the Cotton King, the Bullion King or just the Big Bull.

TheBombay Stock Exchange(BSE) is an Indianstock exchangelocated atDalal Street,Kala Ghoda,Mumbai, Maharashtra, India.It was established in the year 1875It is the worlds fastest Stock exchange.The BSE is the world's11th largest stock exchangewith an overallmarket capitalizationof $1.43 Trillion as of March, 2016.

Bombay Stock Exchange

History of BSE The Bombay Stock Exchange is the oldest exchange in Asia. Its history dates back to 1855, when five stockbrokers would gather under banyan trees in front of Mumbai's Town Hall. The location of these meetings changed many times to accommodate an increasing number of brokers. The group eventually moved to Dalal Street in 1874 and became an official organization known as "The Native Share & Stock Brokers Association" in 1875.

On August 31, 1957, the BSE became the first stock exchange to be recognized by theIndian Governmentunder the Securities Contracts Regulation Act. In 1980, the exchange moved to thePhiroze Jeejeebhoy TowersatDalal Street,Fort area. In 1986, it developed theBSE SENSEXindex, giving the BSE a means to measure the overall performance of the exchange.

National Stock Exchange has a totalmarket capitalizationof more thanUS$1.41 trillion, making itthe worlds 12th-largest stock exchangeas of March 2016.NSE's flagship index, theNIFTY 50, the 51 stock index (50 companies with 51 securities inclusive of DVR), is used extensively by investors in India. However, only about 4% of the Indian economy / GDP is actually derived from the stock exchanges in India.TheNational Stock Exchange of India Limited(NSE) is the leadingstock exchangeof India, located in Mumbai. NSE was established in 1992 as the first demutualized electronic exchange in the country. NSE was the first exchange in the country to provide a modern, fully automated screen-based electronic trading system.National Stock Exchange

NSE was also instrumental in creating theNational Securities Depository Limited(NSDL) which allows investors to securely hold and transfer their shares and bonds electronically. It also allows investors to hold andtradein as few as one share or bond.The NSDL's security, combined with the transparency, lower transaction prices and efficiency that NSE offered, greatly increased the attractiveness of the Indian stock market to domestic and international investors.

1996 to 200119 August 1996 First major SENSEX revamp, 22 March 1999Central Depository Services Limited(CDSL) set up with other financial institutions.1 June 1999Interest rate swaps(IRS) /Forward Rate Agreements(FRA) allowed15 July 1999 CDSL commences work11 October 1999 SENSEX closed above 500011 February 2000 SENSEX crosses 6000 intra-day9 June 2000 Equity Derivatives introduced.1 March 2001 Corporatisation of Exchanges proposed by the Union Govt.1 February 2001 BSE Webx Launched1 June 2001 Index Options launched4 June 2001 BSE PSU index introduced.15 June 2001 WDM operations at commenced.Journey of 1996 to 2016

2001 to 2003 2 July 2001Value at riskmodel introduced for margin requirement calculation.9 July 2001 Stock options launched11 July 2001 BSE Teck launched, Indias First free float index25 July 2001 Dollex 30 launched1 November 2001 Stock futures launched29 November 2001 100% book building allowed31 December 2001 All securitiesclearingmove to T+5 (trade date + 5 days)1 February 2002 Two way fungibility for ADR/GDR15 February 2002 Negotiated Dealing System (NDS) established1 April 2002 T+3 settlement Introduced1 January 2003 Indias first ETF on SENSEX SPICE' introduced16 January 2003 Retail trading in G Sec1 April 2003 T+2 settlement Introduced

8 August 2005 Incorporation of Bombay Stock Exchange Limited12 August 2005 Certificate of Commencement of Business19 August 2005 BSE became a Corporate Entity7 February 2006 SENSEX closed above 100007 July 2006 BSE Gujarati website launched21 October 2006 BSE Hindi website launched2 November 2006 ishares BSE SENSEX India Tracker listed at Hong Kong Stock Exchange

2003 to 20061 June 2003 Bankex launched1 September 2003 SENSEX shifted to free-float methodology1 December 2003 T group launched2 June 2004 SENSEX closes over 6000 for the first time (564.71 points, 11.14%)17 May 2004 Second biggest fall of all time, Circuit filters used twice in a day (the Scheme) announced by SEBI20 May 2005 The BSE (Corporatisation and Demutualisation) Scheme, 2005

2007 to 20102 January 2007 Launch of Unified Corporate Bond Reporting platform: Indian Corporate Debt Market (ICDM)7 March 2007Singapore Exchange Limitedentered into an agreement to invest in a 5% stake in BSE16 May 2007 Appointed Date under the Scheme i.e. Date on which Corporatisation and Demutualisation was achieved. Notified by SEBI in the Official Gazette on 29 June 200710 January 2008 SENSEX All-time high 21206.771 October 2008 Currency Derivatives Introduced18 May 2009 The SENSEX raised 2110.70 points (17.34%) and Index-wide upper circuit breaker applied7 August 2009 BSE USE Form Alliance to Develop Currency & Interest Rate24 August 2009 BSE IPO Index launched1 October 2009 Bombay Stock Exchange introduces trade details facility for the Investors5 October 2009 BSE Introduces New Transaction Fee Structure for Cash Equity Segment18 December 2009 BSE's new derivatives rates to lower transaction costs for all4 January 2010 Market time changed to 9.0 a.m. 3.30 p.m

11 October 2010 Launch of Fastrade on Web (FoW) Exchange hosted platform5 November 2010 SENSEX closes above 21,000 for the first time12 November 2010 Commencement of Volatility Index22 November 2010 Launch of SLB10 December 2010 Launch of SIP27 December 2010 Commencement of S&P BSE 500 Shariah Index17 November 2011 Maharashtra and United Kingdom Environment Ministers launched Concept Note for BSE Carbon Index2010 to 201120 January 2010 BSE PSU website launched22 April 2010 New DBM framework @ Rs.10 lakhs 90% reduction in Membership Deposit12 May 2010 Dissemination of Corporate Action information via SWIFT platform23 July 2010 Options on BOLT21 September 2010 First to introduce Mobile-based Trading29 September 2010 Introduction of Smart Order Routing (SOR)4 October 2010 EUREX SENSEX Futures launch

11 February 2014 Launch of Institutional Trading Platform on BSE SME20 March 2014 BSE Launches New Debt Segment4 April 2014 BSE SME exceeds USD 1 billion market capitalisation7 April 2014 Launch of Equity Segment on BOLT Plus with Median Response Time of 200 (s)27 May 2014 BSE felicitated at The Asian Banker Summit 201426 September 2014 BSE inks MoU with BNY Mellon

2011 to 201430 December 2011, picks up a stake in the proxy advisory firm,Institutional Investor Advisory ServicesIndia Limited (IiAS)7 January 2011 BSE Training Institute Ltd. with IGNOU launched India's first 2-year full-time MBA programme specialising in Financial Market15 January 2011 Co-location facility at BSE&nas BSE ties up withStandard and Poor'sto use the S&P brand for Sensex and other indices.28 November 2013 Launch of Currency Derivatives (BSE CDX)28 January 2014 Launch of Interest Rate Futures (BSEIRF)

2014 to 201522 October 2014 BSE inks strategic partnership with YES BANK28 November 2014 BSE listed because market cap crosses landmark 100 lakh crore12 December 2014 Market Cap of BSE SME listed companies crosses landmark 10,000 crore8 January 2015 BSE commenced live trading from its Disaster Recovery site in Hyderabad.Asia Index Private Limited launches S&P BSE AllCap, S&P BSE SENSEX Leverage and Inverse Indices on 16 April 2015BSE gives Rs. 1.01 crore to Swachh Bharat Kosh on 22 April 2015BSE introduces overnight investment product on 18 May 2015BSE exceeds 1 billion derivatives contracts on its new Deutsche Brse T7 powered trading platform on 28 May 2015BSE celebrated its 140th Foundation Day on 9 July 2015BSE SME successfully completes listing of 100 SMEs under its SME umbrella on 16 July 2015

Bombay Stock Exchange gives Rs. 1.01 crore toSwachh Bharat

2015 to 2016BSE witnesses its fourth largest fall in history on a single day of 1,625 points dated 24 August 2015BSE becomes the fastest exchange in the world with a median response speed of 6 microseconds on 13 October 2015March 28, 2016BSE StAR Mutual Fund Processes 81,000 orders worth Rs. 270 crore - Record Order in single dayApril 5, 2016BSE & CMIE launch worlds first high-frequency data on unemployment and consumer sentimentsApril 28, 2016 BSE signs Memorandum of Understanding with Korea Exchange (KRX) to launch S&P BSE Sensex based derivatives contracts at KRXMay 2, 2016 BSE Migrates Algorithm Trading Test Environment to Cloud InfrastructureJune 9, 2016 BSE announces commencement of trading of Sovereign Gold Bonds

Any Question?Thankyou