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Introduction
India's economic capital and the abode of the candyfloss
silver screen, the spark called Mumbai attracts thousands
of moths towards itself round the year. Though it is
the lure of the Bollywood glamour and the promise of
a livelihood that make people run to Mumbai; the Arabian
sea and the Western Ghats topped up with the lip smacking
Paw Bhaji and Vada Paw along with important historical
monuments like Gateway of India, Elephanta caves, Haji
Ali mosque, along with the Bombay Stock Exchange , the
water parks and shopping malls, this truly cosmopolitan
city offers a heady cocktail of history and the contemporary.
Mumbai is therefore a haven for business, movie and
tour buffs alike.
Location
The Mumbai Stock Exchange is housed in the towering
Phiroze Jeejeebhoy Towers, Dalal Street in downtown
Mumbai. The Phiroze Jeejeebhoy towers are located at
the intersection of Bombay Samachar Marg and Hammam
Street. The BSE conducts business from Monday to Friday
from 10:00 am to 5:00 pm and remains closed during the
weekend.
History
In the mid 1850s, a group of 22 stockbrokers started
business under a banyan tree opposite the Town Hall,
each investing rupee 1. These stockbrokers called themselves
The Native Share and Stockbrokers Association which
came to be recognized as the Bombay Stock Exchange (BSE)
in 1875. The BSE is thus the oldest stock exchange in
Asia.
In 1899 The BSE shifted with the inauguration of the
Broker's Hall by James M Maclean. After the First World
War, the BSE again shifted- this time to an old building
near Town Hall. The plot where it now stands was acquired
in 1928 on which a building was constructed which became
the permanent address of the Bombay Stock Exchange.
Phiroze Jeejeebhoy Towers
The construction of the Phiroze Jeejeebhoy Towers began
under the chairmanship of Phiroze Jamshedji Jeejebhoy.
It was completed and occupied close to his death in
1980. This modern 28 storey building, since then has
been named after him to commemorate his sincere contribution
to the BSE. Notably, the Phiroze Jeejeebhoy Towers has
been reported to have outshone The Taj Mahal as the
most televised Indian building.
Indianholiday.com offer information about the Bombay
Stock Exchange as a place of tourist interest.
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