Mumbai is the capital city of the Indian state of Maharashtra. As of 2011 it is the most populous city in India with an estimated city proper population of 12.4 million. The larger Mumbai Metropolitan Region is the second most populous metropolitan area in India, with a population of 21.3 million as of 2016. Mumbai has a deep natural harbour. In 2008, Mumbai was named an alpha world city, it is the wealthiest city in India, has the highest number of millionaires and billionaires among all cities in India. Mumbai is home to three UNESCO World Heritage Sites: the Elephanta Caves, Chhatrapati Shivaji Maharaj Terminus, the city's distinctive ensemble of Victorian and Art Deco buildings; the seven islands that constitute Mumbai were home to communities of Koli people, who originated in Gujarat in prehistoric times. For centuries, the islands were under the control of successive indigenous empires before being ceded to the Portuguese Empire and subsequently to the East India Company when in 1661 Charles II of England married Catherine of Braganza and as part of her dowry Charles received the ports of Tangier and Seven Islands of Bombay.
During the mid-18th century, Bombay was reshaped by the Hornby Vellard project, which undertook reclamation of the area between the seven islands from the sea. Along with construction of major roads and railways, the reclamation project, completed in 1845, transformed Bombay into a major seaport on the Arabian Sea. Bombay in the 19th century was characterised by educational development. During the early 20th century it became a strong base for the Indian independence movement. Upon India's independence in 1947 the city was incorporated into Bombay State. In 1960, following the Samyukta Maharashtra Movement, a new state of Maharashtra was created with Bombay as the capital. Mumbai is the financial and entertainment capital of India, it is one of the world's top ten centres of commerce in terms of global financial flow, generating 6.16% of India's GDP and accounting for 25% of industrial output, 70% of maritime trade in India, 70% of capital transactions to India's economy. The city houses important financial institutions such as the Reserve Bank of India, the Bombay Stock Exchange, the National Stock Exchange of India, the SEBI and the corporate headquarters of numerous Indian companies and multinational corporations.
It is home to some of India's premier scientific and nuclear institutes like Bhabha Atomic Research Centre, Nuclear Power Corporation of India, Indian Rare Earths, Tata Institute of Fundamental Research, Atomic Energy Regulatory Board, Atomic Energy Commission of India, the Department of Atomic Energy. The city houses India's Hindi and Marathi cinema industries. Mumbai's business opportunities, as well as its potential to offer a higher standard of living, attract migrants from all over India, making the city a melting pot of many communities and cultures; the name Mumbai is derived from Mumbā or Mahā-Ambā—the name of the patron goddess Mumbadevi of the native Koli community— and ā'ī meaning "mother" in the Marathi language, the mother tongue of the Koli people and the official language of Maharashtra. The Koli people originated in Kathiawad and Central Gujarat, according to some sources they brought their goddess Mumba with them from Kathiawad, where she is still worshipped. However, other sources disagree.
The oldest known names for the city are Galajunkja. In 1508, Portuguese writer Gaspar Correia used the name "Bombaim" in his Lendas da Índia; this name originated as the Galician-Portuguese phrase bom baim, meaning "good little bay", Bombaim is still used in Portuguese. In 1516, Portuguese explorer Duarte Barbosa used the name Tana-Maiambu: Tana appears to refer to the adjoining town of Thane and Maiambu to Mumbadevi. Other variations recorded in the 16th and the 17th centuries include: Mombayn, Bombain, Monbaym, Mombaym, Bombaiim, Boon Bay, Bon Bahia. After the English gained possession of the city in the 17th century, the Portuguese name was anglicised as Bombay. Ali Muhammad Khan, imperial dewan or revenue minister of the Gujarat province, in the Mirat-i Ahmedi referred to the city as Manbai; the French traveller Louis Rousselet who visited in 1863 and 1868 tells us in his book L’Inde des Rajahs: "Etymologists have wrongly derived this name from the Portuguese Bôa Bahia, or, not knowing that the tutelar goddess of this island has been, from remote antiquity, Bomba, or Mamba Dévi, that she still... possesses a temple".
By the late 20th century, the city was referred to as Mumbai or Mambai in Marathi, Gujarati and Sindhi, as Bambai in Hindi. The Government of India changed the English name to Mumbai in November 1995; this came at the insistence of the Marathi nationalist Shiv Sena party, which had just won the Maharashtra state elections, mirrored similar name changes across the country and in Maharashtra. According to Slate magazine, "they argued that'Bombay' was a corrupted English version of'Mumbai' and an unwanted legacy of British colonial rule." Slate said "The push to rename Bombay was part of a larger movement to strengthen Marathi identity in the Maharashtra region." While the city is still referred to as Bombay by some of its residents and by Indians from other regions, mention of the ci
Inter-connected Stock Exchange of India
Inter-connected Stock Exchange Ltd. is an Indian national-level stock exchange, providing trading, settlement, risk management and surveillance support to its trading members. It started its operation in 1998 in Vashi and has 841 trading members, who are located in 18 cities; these intermediaries are administratively supported through the regional offices at Delhi, Patna, Ahmedabad and Nagpur, besides Mumbai. The ISE is promoted by 12 regional stock exchanges namely at Bangalore, Chennai, Coimbatore, Indore, Kanpur, Mangalore and Vadodara; the participating exchanges of ISE have listed securities. It is a stock exchange of stock exchanges, members of the stock exchanges being traders on the ISE. At a meeting of the Federation of Indian Stock Exchanges held in October 1996, a steering committee was formed to evolve an Inter-Connected Market System; as a result, Inter-connected Stock Exchange, promoted by 14 regional stock exchanges of the country was incorporated by SEBI under the Securities Contracts Act, 1956 on 18 November 1998, ISE commenced trading on 26 February 1999.
ISE was launched with an objective of converting small and illiquid markets into large, liquid national-level markets. ISE is a professionally managed stock exchange with the Chairman of the Exchange being a Public Representative Director from its inception. For the RSEs small brokers, the ISE experiment did not succeed; the daily turnover, which used to be Rs. 1 to 2 crore in the first six months declined to zero level. Failure of ISE was, due to the bigger brokers of the participating RSEs failing to support any interest in trading on ISE due to commercial considerations; as a result, it becomes impossible for ISE to create any worthwhile liquidity in its markets in competition with the breadth and depth of NSE and BSE. Markers continued to be fragmented as the participating RSEs did not close down their regional segments. All the while the small illiquid market failed to emerge. ISE has not succeeded in getting companies listed on it despite the stipulation by SEBI that the State of Maharashtra constituted the regional area for ISE due to lack of regulatory support for making it applicable to over 3,000 listed companies in the State of Maharashtra.
SEBI permitted ISE to exit bourse business as per the SEBI order on 8 December 2014. A registered Member is entitled to execute trades and to clear and settle trades executed on his own account as well as on account of his clients in the Capital Markets Segment. Membership of the Exchange is open to corporate entities and partnership firms who fulfill the eligibility criteria laid down by SEBI and ISE Inter-connected Stock Exchange is a Depository Participant of Central Depository Service Limited and National Securities Depository Limited. ISE-DP has branches at Delhi, Patna, Ahmedabad, Nagpur, Tirunelveli and 155 Collection Centers across the country. Following depository services of CDSL are provided to the individual and corporate investors by ISE-DP: Dematerialisation Rematerialisation Pledge of Demat securities Electronic Access to Securities Information & Execution of Secured Transactions Settlement of securities in Demat Mode Electronic Access to Securities Information The ISE Training centre was established in November, 2000.
It is a classroom training program on subjects related to the capital market, such as equities trading and settlement procedure, derivatives trading, day trading, arbitrage operations, technical analysis, financial planning, compliance requirement. ISE offers Joint Certification Training programmes in association with its partners; the trading platform of ISE enables the'Indian companies’ to access equity capital, by providing a liquid and well-regulated market. Scrips which are being traded on stock exchanges across India are traded on the Exchange. ISE’s trading members in India trade on the scrips and provide liquidity and visibility to such scrips. List of stock exchanges in the Commonwealth of Nations Official website
Ashishkumar Chauhan is a prominent Indian business executive and administrator. He is the chief executive officer of the Bombay Stock Exchange. Ashish is best known as the father of modern financial derivatives in India, is considered as one of the foremost experts in financial market policies, Information technology, organized retail, telecommunications, Indian social issues, cricket etc. A mechanical engineer from IIT Mumbai and alumnus of IIM Calcutta, Chauhan was recruited from the campus as an officer by the Industrial Development Bank of India in 1991, his first break came in 1993, when the Government proposed a stock exchange in the National Stock Exchange. Chauhan was a member of the core team that founded the NSE, responsible for setting up their equities and derivatives markets from 1993 to 2000, his work at NSE, involved market operations, membership and settlement, regulations, marketing, IT, premises etc. Chauhan himself was involved in creating the trading infrastructure at NSE and was instrumental in creating NSE-50, the most traded index in derivatives in India, NSE's certification in Financial Markets, IPO through screen and several other innovations in the Indian capital markets.
In addition, he was instrumental in setting up initial Information Technology infrastructure including the first commercial satellite telecom network in India for NSE. He was involved in conceptualization of National Securities Clearing Corporation and initial set up of National Securities Depository Limited, he looked at NSE's risk management system along with two others. The team created a metric to measure liquidity in stocks—called impact cost—which is now standard practice. Due to his work in setting up modern exchange traded financial derivatives in Indian markets, he is known as the ‘father of derivatives’ in Indian finance. In 2001, Chauhan left NSE to begin his entrepreneurship venture, financed by the Reliance group, soon began working for Reliance Infocomm. In 2004, Chauhan became the chief information officer of Reliance Infocomm, the Reliance Group CIO in 2005, he was the CEO of the cricket team Mumbai Indians, owned by Reliance Industries, in its formative years. After leaving Reliance Industries, Chauhan joined BSE as Deputy CEO in 2009 and was appointed as CEO in 2012.
He is credited with reviving BSE including making it the fastest Exchange in the World with less than 6 microseconds response time, introduction of Mobile Trading, state of the art online real time surveillance system, introduction of several market leading products. In addition, he has been responsible for revamping of BSE, bringing in the entire spectrum of products including equity, interest rate derivatives and commodities to BSE. Under his guidance, BSE has taken leadership position in setting up Small and Medium Enterprises Platform, Offer for Sale, Mutual Funds Distribution through Exchanges, e-IPO etc; as of October 2018, BSE commands more than 70% markets share in these segments. Under Ashish's leadership and vision, in 2012, BSE became the first Exchange in the country to launch a dedicated SME platform for listing of Small and Medium Enterprises; as of October 2018, the BSE SME segment is the market leader of its kind in India with about 275 SME listed, 54 of which have grown and migrated to the main Board of the Exchange.
As a big believer of equity inclusion, in 2013 he pushed BSE to develop a Mutual Fund Distribution Platform - BSE StAR MF. This web-based transaction processing platform with automated online mutual fund collection & settlement system has become one of the most acceptable platforms in the mutual fund ecosystem; as of October 2018, the BSE StAR-MF platform is India's largest digital platform to distribute Mutual Funds and commands a market share of close to 80% among exchange distributed funds. The robustness and seamlessness of BSE StAR MF along with Swiftness of Distributors query resolution through real time interaction has created an ideal ecosystem for all stakeholders in India Mutual Funds Industry, he was instrumental in setting up India's First International Exchange "India International Exchange", inaugurated by the Hon'ble Prime Minister of India Shri Narendra Modi in January 2017 at Gandhinagar, Gift City. India INX is the is the first exchange to introduce a single platform across multi-assets, commodities and interest rate derivatives.
It is the first exchange to launch gold options In January 2017, he completed the IPO of BSE, pending for over 10 years. BSE IPO was oversubscribed 51 times, with the public offer received bids for 550.8 million shares against 10.8 million shares on offer. In October 2018, under the leadership of Ashish, BSE commenced trading in gold and silver contracts to mark its entry into the commodity derivatives segment and become India's first universal stock exchange and offers all assets classes, including equity, mutual funds and commodity in its portfolio. Distinguished Fellow 2017, Institute of Directors, Distinguished Alumnus Award 2016 - IIM Calcutta CEO of the Year, Diamond Sabre Awards 2015, Hong Kong Indian Business Leader of the Year, Horasis Interlaken/Switzerland 2015 RH Patil Award for Excellence in Financial Services, June 2015 Distinguished Alumnus Award, Indian Institute of Technology, Bombay, 2014 Best CEO in the Financial Markets in the Asia Pacific by the Asian Banker, 2014 Zee Business Awards- Special contribution in Commodities and Capital Market, 2013 TOP 50 CIOs, Information Week, US, 2009He is the Chairperson on the Board of Governors of the National Institute of Technology - Manipur and an Indepen
India known as the Republic of India, is a country in South Asia. It is the seventh largest country by area and with more than 1.3 billion people, it is the second most populous country as well as the most populous democracy in the world. Bounded by the Indian Ocean on the south, the Arabian Sea on the southwest, the Bay of Bengal on the southeast, it shares land borders with Pakistan to the west. In the Indian Ocean, India is in the vicinity of Sri Lanka and the Maldives, while its Andaman and Nicobar Islands share a maritime border with Thailand and Indonesia; the Indian subcontinent was home to the urban Indus Valley Civilisation of the 3rd millennium BCE. In the following millennium, the oldest scriptures associated with Hinduism began to be composed. Social stratification, based on caste, emerged in the first millennium BCE, Buddhism and Jainism arose. Early political consolidations took place under the Gupta empires. In the medieval era, Zoroastrianism and Islam arrived, Sikhism emerged, all adding to the region's diverse culture.
Much of the north fell to the Delhi Sultanate. The economy expanded in the 17th century in the Mughal Empire. In the mid-18th century, the subcontinent came under British East India Company rule, in the mid-19th under British Crown rule. A nationalist movement emerged in the late 19th century, which under Mahatma Gandhi, was noted for nonviolent resistance and led to India's independence in 1947. In 2017, the Indian economy was the world's sixth largest by nominal GDP and third largest by purchasing power parity. Following market-based economic reforms in 1991, India became one of the fastest-growing major economies and is considered a newly industrialised country. However, it continues to face the challenges of poverty, corruption and inadequate public healthcare. A nuclear weapons state and regional power, it has the second largest standing army in the world and ranks fifth in military expenditure among nations. India is a federal republic governed under a parliamentary system and consists of 29 states and 7 union territories.
A pluralistic and multi-ethnic society, it is home to a diversity of wildlife in a variety of protected habitats. The name India is derived from Indus, which originates from the Old Persian word Hindush, equivalent to the Sanskrit word Sindhu, the historical local appellation for the Indus River; the ancient Greeks referred to the Indians as Indoi, which translates as "The people of the Indus". The geographical term Bharat, recognised by the Constitution of India as an official name for the country, is used by many Indian languages in its variations, it is a modernisation of the historical name Bharatavarsha, which traditionally referred to the Indian subcontinent and gained increasing currency from the mid-19th century as a native name for India. Hindustan is a Middle Persian name for India, it was introduced into India by the Mughals and used since then. Its meaning varied, referring to a region that encompassed northern India and Pakistan or India in its entirety; the name may refer to either the northern part of India or the entire country.
The earliest known human remains in South Asia date to about 30,000 years ago. Nearly contemporaneous human rock art sites have been found in many parts of the Indian subcontinent, including at the Bhimbetka rock shelters in Madhya Pradesh. After 6500 BCE, evidence for domestication of food crops and animals, construction of permanent structures, storage of agricultural surplus, appeared in Mehrgarh and other sites in what is now Balochistan; these developed into the Indus Valley Civilisation, the first urban culture in South Asia, which flourished during 2500–1900 BCE in what is now Pakistan and western India. Centred around cities such as Mohenjo-daro, Harappa and Kalibangan, relying on varied forms of subsistence, the civilization engaged robustly in crafts production and wide-ranging trade. During the period 2000–500 BCE, many regions of the subcontinent transitioned from the Chalcolithic cultures to the Iron Age ones; the Vedas, the oldest scriptures associated with Hinduism, were composed during this period, historians have analysed these to posit a Vedic culture in the Punjab region and the upper Gangetic Plain.
Most historians consider this period to have encompassed several waves of Indo-Aryan migration into the subcontinent from the north-west. The caste system, which created a hierarchy of priests and free peasants, but which excluded indigenous peoples by labeling their occupations impure, arose during this period. On the Deccan Plateau, archaeological evidence from this period suggests the existence of a chiefdom stage of political organisation. In South India, a progression to sedentary life is indicated by the large number of megalithic monuments dating from this period, as well as by nearby traces of agriculture, irrigation tanks, craft traditions. In the late Vedic period, around the 6th century BCE, the small states and chiefdoms of the Ganges Plain and the north-western regions had consolidated into 16 major oligarchies and monarchies that were known as the mahajanapadas; the emerging urbanisation gave rise to non-Vedic religious movements, two of which became independent religions. Jainism came into prominence during the life of Mahavira.
Buddhism, based on the teachings of Gautama Buddha, attracted followers from all social classes excepting the middle
Metropolitan Stock Exchange
The Metropolitan Stock Exchange is one of India's eight stock exchanges recognised by the Securities and Exchange Board of India.. It offers an electronic platform for trading in capital market and options, currency derivatives, Interest Rate Futures and Debt Market segments, its current shareholders include Indian public sector banks, private sector banks and domestic financial institutions. The Metropolitan Stock Exchange of India was recognized by the Securities and Exchange Board of India on 16 September 2008 and is valid till 15 September 2018. MSE began operations on 7 October 2008. MSE is located at Vibgyor Towers, 4th floor, Plot No C 62, G Block, Bandra Kurla Complex, Maharashtra 400098. Metropolitan Stock Exchange of India Limited is recognised by Securities and Exchange Board of India under Section 4 of Securities Contracts Act, 1956; the Exchange was notified a "recognised stock exchange" under Section 2 of the Companies Act, 1956 by Ministry of Corporate Affairs, Govt. of India, on 21 December 2012.
Shareholders of the Exchange include public sector banks, private sector banks,domestic financial institutions and marquee investors who, together hold over 88% stake in the Exchange. MSE has an independent professional management. MSE shares and ESOPs are being sold in secondary market. Metropolitan Clearing Corporation of India Ltd. was jointly promoted by Metropolitan Stock Exchange of India Ltd. Multi-Commodity Exchange of India Limited and Financial Technologies India Limited, as a new age Clearing Corporation constituted to undertake clearing and settlement of deals in multi asset classes; the company was incorporated on 7 November 2008 and was permitted by SEBI to undertake clearing and settlement functions of trades done in MSEI on 2 January 2009. The company commenced its operations on 16 February 2009. Equity 1500+ companies available for tradingCurrency Derivatives Currency Futures - USD-INR, USD-INR, GBP-INR, EUR-INR, JPY-INR Currency Options-Options contracts in USD-INRDebt 285 corporate bonds available for trading 3,240 corporate bonds available on deal reporting platform EBP platform for Corporate Bond issuanceInterest Rate Futures All 9 GoI bonds suggested by FIMMDAETFs 50 ETF’s available for trading List of stock exchanges in the Commonwealth of Nations 1.
MSE to conduct mock trading session DR site on Saturday 20. MSEI postpones decision to extend trading hours 39. Mse in equity deal with UK's GMEX to EXPAND offerings2. Mumbai, 3 Aug Metropolitan Stock Exchange of India today said it will conduct mock trading session in all the segments on Saturday, 5 August. 21. MSEI to submit report to Compat on ₹856 crore claim against NSE 40. Metropolitan Stock Exchange and GMEX agree to collaborate in exchange space in India 3. Will BSE, NSE extend trading hours till 5 pm? 22. Dispute relates to NSE’s alleged abuse of dominance in currency derivatives 41. GMEX to buy 5% stake in Metropolitan Exchange By Palak Shah ET Bureau|Updated: 26 May 2017, 10.02 AM IST 4. Metropolitan Stock Exchange 23. MSEI to submit report on Rs 856 crore claim against NSE 2. Metropolitan Stock Exchange of India Limited, the third national level stock exchange, today announced it has agreed to collaborate with GMEX Group of London, provider of multi-asset exchange trading and post trade technology and business solutions.
24. Sebi asks stock exchanges to strengthen system audits 43. Metropolitan Stock Exchange and GMEX Agree to Collaborate in Exchange Space in India] 6 MSEI rolls out revival strategy to stay afloat]M 7. Metropolitan Stock Exchange Eyes Profitability, IPO In Next Two Years 26. MSEI to trade in gold bonds, interest rate futures 44. Eyeing a relevant spot among exchanges 8. SEBI renews Metropolitan Stock Exchange licence till 2017 27. Metropolitan Stock Exchange to raise funds, target new businesses 9. Jhunjhunwala, Damani-backed Metropolitan Stock Exchange raises capital 28. Metropolitan Stock Exchange* 10. MSEI to partner Moody's for new indices 29. [http://www.livemint.com/Companies/ztChCNI61TllKRdXhu3xPO/MSEI-appoints-Udai-Kumar-as-fulltime-MD-and-CEO.html MSEI appoints Udai Kumar as full-time MD and CEO 11. Metropolitan Stock Exchange of India adds 100 more companies 12. MSEI completes trading on disaster recovery site 49. MSEI extends trading window: Will BSE, NSE follow suit? 13. GMEX, Metropolitan Stock Exchange Collaborate in the Indian Exchange Space *32.
SMEs reluctant to list on bourses, notes Sebi 14. MSEI postpones extension of trading hours India Infoline News Service Mumbai 5 July 2017 15:55 IST 16. Metropolitan Stock Exchange Of India 35. MSEI to launch rights issue to raise Rs 97 cr from Monday Press Trust of India,Mumbai Last Updated at 19 August 2016 15:57 IST 36. MSEI to launch rights issue to raise Rs 97 cr from Monday 18. Metropolitan Stock Exchange to launch corporate bond platform in July. 37. Metropolitan Stock nets Rs 75 crore through rights issue 38. Metropolitan Stock Exchange of India Ltd
Fort (Mumbai precinct)
Fort is a Business District in Mumbai, India. The area gets its name from the defensive fort, Fort George, built by the British East India Company around Bombay Castle; the area extends to Azad Maidan in the west. This area is the heart of the financial area of the city. Many British era structures are located here; the Fort area was declared protected under regulations of the Maharashtra Government Urban Development Department. An advisory committee now oversees the development and renovations of structures in the precinct. Nariman Point Colaba Bandra Kurla Complex CBD Belapur Vashi 18th Century History of Mumbai List of forts in Maharashtra
The BSE SENSEX is a free-float market-weighted stock market index of 30 well-established and financially sound companies listed on Bombay Stock Exchange. The 30 component companies which are some of the largest and most traded stocks, are representative of various industrial sectors of the Indian economy. Published since 1 January 1986, the S&P BSE SENSEX is regarded as the pulse of the domestic stock markets in India; the base value of the SENSEX was taken as 100 on 1 April 1979 and its base year as 1978–79. On 25 July 2001 BSE launched DOLLEX-30, a dollar-linked version of the SENSEX; as of 25th September 2017, the full market capitalisation of SENSEX was about ₹54,637.0878 billion while its free-float market capitalisation was ₹30,094.2286 billion. During 2008-12, Sensex 30 Index share of BSE market capitalisation fell from 49% to 25% due to the rise of sectoral indices like BSE PSU, Bankex and BSE-TECk; the term Sensex was coined by a stock market analyst. It is a portmanteau of the words Index.
Calculation The BSE has some reviews and modifies its composition to be sure it reflects current market conditions. The index is calculated based on a free float capitalisation method, a variation of the market capitalisation method. Instead of using a company's outstanding shares it uses its float, or shares that are available for trading. Free Floating capital implies total capitalization less Directors shareholding; as per free float capitalisation methodology, the level of index at any point of time reflects the free float market value of 30 component stocks relative to a base period. The market capitalisation of a company is determined by multiplying the price of its stock by the number of shares issued by corporate actions, replacement of scrips; the index has increased by over twenty five times from June 1990 to the present. Using information from April 1979 onwards, the long-run rate of return on the S&P BSE SENSEX works out to be 18.6% per annum. As of 24 December 2018, SENSEX constitutes of 31 stocks: The following is a timeline on the rise of the SENSEX through Indian stock market history.
1000, 25 July 1990 – On 25 July 1990, the SENSEX touched the four-digit figure for the first time and closed at 1,001 in the wake of a good monsoon and excellent corporate results. 2000, 15 January 1992 – On 15 January 1992, the SENSEX crossed the 2,000 mark and closed at 2,020 followed by the liberal economic policy initiatives undertaken, under the leadership of the prime minister PV Narasimha Rao, by the finance minister and Former Prime Minister of India Dr Manmohan Singh. 3000, 29 February 1992 – On 29 February 1992, the SENSEX surged past the 3,000 mark in the wake of the market-friendly Budget announced by Manmohan Singh. 4000, 30 March 1992 – On 30 March 1992, the SENSEX crossed the 4,000 mark and closed at 4,091 on the expectations of a liberal export-import policy. It was that the Harshad Mehta scam hit the markets and SENSEX witnessed unabated selling. 5000, 11 October 1999 – On 11 October 1999, the SENSEX crossed the 5,000 mark, as the Bharatiya Janata Party-led coalition won the majority in the 13th Lok Sabha election.
6000, 11 February 2000 – On 11 February 2000, the information technology boom helped the SENSEX to cross the 6,000 mark and hit an all-time high of 6,006 points. This record would stand for nearly four years, until 2 January 2004, when the SENSEX closed at 6,026.59 points. 7000, 21 June 2005 – On 20 June 2005, the news of the settlement between the Ambani brothers boosted investor sentiments and the scrips of RIL, Reliance Energy, Reliance Capital and IPCL made huge gains. This helped. 8000, 8 September 2005 – On 8 September 2005, the Bombay Stock Exchange's benchmark 30-share index – the SENSEX – crossed the 8,000 level following brisk buying by foreign and domestic funds in early trading. 9000, 9 December 2005 – The SENSEX on 28 November 2005 crossed 9,000 and touched a peak of 9,000.32 points during mid-session at the Bombay Stock Exchange on the back of frantic buying spree by foreign institutional investors and well supported by local operators as well as retail investors. However, it was on 9 December 2005.
10,000, 7 February 2006 – The SENSEX on 6 February 2006 touched 10,003 points during mid-session. The SENSEX closed above the 10,000 mark on 7 February 2006. 20,000, 11 December 2007 – The SENSEX on 29 October 2007 crossed the 20,000 mark for the first time during intra-day trading, but closed at 19,977.67 points. However, it was on 11 December 2007 that it closed at a figure above 20,000 points on the back of aggressive buying by funds. 21,000, 5 November 2010 – The SENSEX on 8 January 2008 crossed the 21,000 mark for the first time, reaching an intra-day peak of 21,078 points, before closing at 20,873. However, it was not until 5 November 2010 that the SENSEX closed at 21,004.96, for its first close above 21,000 points. This record would stand for nearly three years, until 30 October 2013, when the SENSEX closed at 21,033.97 points. 19 February 2013 – SENSEX becomes S&P SENSEX as BSE ties up with Standard and Poor's to use the S&P brand for Sensex and other indices. 13 March 2014 - The SENSEX closes higher than the Hang Seng Index, to become the major Asian stock market index with the highest value, for the first time ever.
22,000, 24 March 2014 – The SENSEX on 10 March 2014 crossed the 22,000 mark for the first time during intra-day trading. However, it was on 24 March 2014 that the index closed above the milestone at 22,095.30. 23,000, 9 May 2014 - The SENSEX crossed record 23,000 level for the first time