BSE Limited, also known as the Bombay Stock Exchange (BSE), is an Indian stock exchange which is located on Dalal Street in Mumbai. Established in 1875 by cotton merchant Premchand Roychand, a Jain businessman, it is the oldest stock exchange in Asia, and also the tenth oldest in the world. The BSE is the 6th largest stock exchange with an overall market capitalisation of more than ₹276.713 lakh crore or US$3.56 trillion, as of January 2022. There are 7,400 companies are listed of which 4,000 are traded on the stock exchanges at BSE and NSE. Hence the stocks trading at the BSE and NSE account for around 10% of the Indian economy, which derives most of its income-related activity from the unorganized sector and household spending. The Economic Times estimates that as of April 2018, 6 crore (60 million) retail investors had invested their savings in stocks in India, either through direct purchases of equities or through mutual funds. Earlier, the Bimal Jalan Committee report estimated that barely 3% of India's population invested in the stock market, as compared to 27% in the United States and 10% in China.
