BSE CEO says trading not its only job, growing into other areas too: 3 things to know

As India celebrates the Diwali weekend with a bundle of festivities, the domestic equity markets yesterday lost over half a percent in just an hour trade with much heavier volumes than usual. Indian stock markets opened in a special Muhurat Trading session on Thursday to mark the auspicious occasion of Diwali, beginning of Samvat 2074. In an interview to ET Now, BSE CEO Ashishkumar Chauhan said that the exchange’s perspective has always been higher on investment side than on speculation.

Bombay Stock Exchange which is the oldest Asian stock exchange is the first stock exchange in India to come up with an IPO (initial public offering). Despite being a 142-year-old brand and a veteran in the stock market business, the exchange lags behind the newer market player — National Stock Exchange — in terms of turnover. The daily average turnover of NSE is more than Rs 28,000 crore (approx) with about 1,800 listed companies while BSE’s figure stood at just Rs 3,400 crore which has about 2,584 actively traded companies out of 4,020 companies available for trade.

Bombay Stock Exchange - BSE