Sensex and Nifty Record High

Source: LM

Subject: Economy

Context: Sensex and Nifty are again touching record highs, driven mainly by a narrow set of large-cap heavyweights such as leading banks and Reliance.

About Sensex and Nifty Record High:

• What is BSE?

• BSE (Bombay Stock Exchange) is India’s and Asia’s oldest stock exchange, based on Dalal Street, Mumbai.

• Brief History of BSE:

• Originated in 1870s as the Native Share and Stock Brokers Association, where brokers literally traded under a banyan tree in Mumbai. Formally became the Bombay Stock Exchange in 1875, evolving from open-cry floor trading to a fully electronic platform. In 1995, BSE launched BOLT (BSE On-Line Trading), moving to screen-based trading and widening retail participation.

• Originated in 1870s as the Native Share and Stock Brokers Association, where brokers literally traded under a banyan tree in Mumbai.

• Formally became the Bombay Stock Exchange in 1875, evolving from open-cry floor trading to a fully electronic platform.

• In 1995, BSE launched BOLT (BSE On-Line Trading), moving to screen-based trading and widening retail participation.

About NSE:

• What is NSE?

• NSE (National Stock Exchange) is a nationwide, fully electronic stock exchange, created to bring transparency, speed and equal access to all investors. It is now India’s largest exchange by trading volume.

• NSE (National Stock Exchange) is a nationwide, fully electronic stock exchange, created to bring transparency, speed and equal access to all investors.

• It is now India’s largest exchange by trading volume.

• Brief History of NSE:

• Incorporated in 1992 and recognised as a stock exchange by SEBI in 1993. In 1994, NSE pioneered screen-based, order-driven trading in India with the cash and wholesale debt segments, breaking the old floor-trading cartel mindset.

• Incorporated in 1992 and recognised as a stock exchange by SEBI in 1993.

• In 1994, NSE pioneered screen-based, order-driven trading in India with the cash and wholesale debt segments, breaking the old floor-trading cartel mindset.

Difference Between BSE and NSE:

Parameter | BSE (Bombay Stock Exchange) | NSE (National Stock Exchange)

Year of Establishment | 1875 — Oldest stock exchange in Asia | 1992 — Set up to modernise Indian markets

Flagship Index | Sensex (30 large-cap stocks) | Nifty 50 (50 large-cap stocks)

Trading System | BOLT (BSE Online Trading) | NEAT (National Exchange for Automated Trading)

Trading Volume | Lower compared to NSE | Highest trading volume in India

Liquidity | Moderate; varies across stocks | High liquidity, especially for derivatives

Derivatives Market | Smaller derivatives segment | India’s largest derivatives market (F&O dominance)