Stock Market for Beginners in India
How did Stock Market was Started in India ? The Indian securities market dates to the eighteenth century, when the securities of the East India Company were traded in Mumbai and Kolkata. However, the orderly growth of the capital market began with the setting up of the Bombay Stock Exchange in July 1875 and the Ahmedabad Stock Exchange in 1894. Who Started Stock Market in India ? The Bombay Stock Exchange was founded by a Jain businessman, Premchand Roychand, in 1875. While BSE Limited is now synonymous with Dalal Street, it was not always so. In the 1850s, four Gujarati and one Parsi stockbroker gathered together under a banyan tree in front of Bombay (now Mumbai) Town Hall, where Horniman Circle is now situated. A decade later, the brokers moved their location to under the banyan trees at the junction of Meadows Street and what was then called Esplanade Road, now MG Road. With a rapid increase in the number of brokers, they had to shift places repeatedly. At last, in 1874, the b...