INDIAN STOCK MARKET HISTORY IN BRIEF

Indian stock market is one of the worlds old stock market

,having old history over 200 years.

In 18th century East India company was dominant institution having full momentum bussiness in loan securities.In 1830 bussiness in bank and cotton presses started.till 1839 this list become broader.

around 1840 dozens of broker got recognition.

Due to good devlopment of commercial enterprise,more people attracted toward broker bussiness and broker list gone upto 60 in late 1860.In 1861"share mania" occured in India due to The American civil war broked that resulted in stoppage of cotton supply from U.S.

In begining of 1870,broker numbers become 250!!

With the rapidly developing share trading business, brokers used to gather at a street.

In 1875, now often called as "dalal street" "The Native Share and Stock Brokers' Association" or The Bombay Stock Exchange was established in bombay.

around 1894,The Ahmedabad Share and Stock Brokers association established.

in late 1890,jute industry seen sharp increase in prices followed by boom in tea stocks and coal!!

in 1920,madras stock exchange was formed with 100 brokers,came down to 3 in 1923 due to reccesion.

in 1934 Lahore Stock Exchange has been established,which later get merged with punjab stock exchange.

in late 1940,two more exchanges come into play.i.e.Uttar Pradesh Stock Exchange Limited and Nagpur Stock Exchange Limited.

Post Independance depression witnessed which led to closure of a lot of exchanges in the country.Lahore Estock Exchange was closed down after the partition of India.Many more stock exchanges were established during 1980's

At present, there are twenty one recognized stock exchanges in India which does not include the Over The Counter Exchange of India Limited (OTCEI) and the National Stock Exchange of India Limited (NSEIL).

In 1946 market value of all exchanges was 971 cr. which is become 478121 in 1995.

INDIAN STOCK MARKET HISTORY IN BRIEF

By: dalalstreetwinners

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