Explanation
The oldest stock market in India is the Bombay Stock Exchange (BSE), which was established in 1875. It is located in Mumbai (formerly known as Bombay), which is the financial capital of India. The BSE is one of the largest stock exchanges in the world in terms of market capitalization and the number of listed companies. It was initially started as The Native Share and Stock Brokers' Association by a group of brokers, and later it was renamed as the Bombay Stock Exchange in 1957. The BSE has played a crucial role in the development of the Indian capital market and has been instrumental in facilitating the growth of the Indian economy.
