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Bangalore Stock Exchange Limited
(BSEL) is a self-regulatory
organisation located on the busy J C Road. The management
panel consists of members nominated by Securities Exchange
Board of India (SEBI), public representatives, elected members
and an Executive Director.
BSEL is continuously growing since its inception in 1963
and over the decades it has emerged as a premier exchange
in India and positioned itself at the top slot in south India.
Objectives: Besides a quality policy to enhance the position
of the exchange at the national level, it has other objectives
like:
· Enhance the investment cult through education, protection,
quality information and speedy redressal of grievances.
· Encourage corporate entities by providing an efficient secondary
market through continuous trade and timely dissemination of
information and compliance with listing norms.
· Ensure quality services from members by training, guiding
and facilitating the activities of the members.
· Evolve innovative measures to upgrade the skills of personnel
to face the challenges of tomorrow.
BEST: Bangalore Electronic Securities Trading (BEST) system
facilitates both order driven and quote driven market. This
system supports segregation of orders into client and professional
category at the order entry stage. All the orders in the system
are arranged in the order of price-time priority. This facility
ensures reliability and complete transparency in dealing.
Listings and turnover: The securities listed at the exchange
include numbers of innovative and seasoned corporates from different
sectors of the industry. Market capitalization of the 541 companies
listed is over Rs 1,25,000 crores. Apart from this, securities
listed at the other exchanges are also permitted.
Turnover at the exchange has grown from Rs 4,300 crores (in
1996-97) to Rs 8,300 crores (1997-98), which amounts to a 97
per cent growth. The number of shares traded has gone up from
22 crore to 24 crore. The average daily turnover stands at Rs
29 crores.
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Land marks
|
Year
|
| Starting
of clearance house |
1988 |
| Voice
mail service |
1994 |
| Information centre |
1994 |
| Settlement
Stabilisation Fund |
1995 |
| On-line trading |
1996 |
| Bad
delivery cell |
1996 |
| First out station
service centre |
1997 |
| Settlement
guarantee fund |
1998 |
The Investor Service Centre was established to support the investor
in resolving their grievances. BSEL coordinates with companies,
members and investors in resolving the problems. It also offers
counseling services. Public representatives, members, VP, Executive
Director and other personnel are authorized for counseling.
 The
exchange has a well-equipped library and investor information
centre to cater to varied information needs of investors,
corporates, members and others. It has a wide collection of
books, periodicals, journals, annual reports, prospectus and
research publications relating to the capital market. Besides
this, the exchange has an investment education centre
for the empowerment of investors through education. It conducts
regular and intensive training sessions, seminars and workshops.
Growth of securities business in the region has increased considerably,
with as many as 255 regional companies getting listed at BSEL,
in addition to 300 non-regional companies. The number of members
has also grown to 230 over the years. The starting of electronic
securities trading in 1996 has increased the speed and transparency
in dealings, adding quality to the service. Fastest settlement
cycle, coupled with settlement guarantee, has increased the
confidence level of investors and market players.
For more details:
BSEL, Stock Exchange Towers,
# 51, I Cross, J C Road, Bangalore - 560 027
Phone: 2227 4403
E-Mail: edbgse@giasbg01.vsnl.net.in
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8:43:10 PM 
