Indian Shares and the Indian Economy

India's surging economy has made the Indian Share market on of the most successful in the world. Driving this huge success are the Bombay Stock Exchange and the National Stock Exchange of India. VBy the end of August, 2007 the BSE SENSEX index had risen 30% over the previous 250 trading days.

INDIAN SHARES rose 40% in 2005 .India's surging stock market has hit a new high as its benchmark BSE index of INDIAN SHARES briefly topped the 10,000 points mark before falling back.

The BSE hit a record level of 10,002.83 before heavy selling pulled it down.

Indian shares rose by more than 40% in 2005 and most analysts predict that its good run will continue, with the BSE potentially hitting 12,000 by year-end.

Foreign investors have been pumping money into Indian share markets, keen to take a share of its fast-growing economy and opportunities presented by Indian Shares.

They spent a record $10.7bn on Indian shares last year, encouraging Indian savers to push more of their money into equities.

The Indian economy is currently growing at about 8% a year, and showing no sign of slowing down with investment in Indian Shares increasing RAPIDLY.

The Bombay Stock Exchange Limited is the oldest stock exchange in Asia. Popularly known as "BSE", or sometimes Mumbai Stock Exchange, it was originally formed as "The Native Share & Stock Brokers Association" dealing in Indian Shares. It is the very first stock exchange in India to obtain permanent recognition in 1956 from the Government of India under the Securities Contracts (Regulation) Act, 1956.The Bombay Stock Exchange's role in the development of the Indian capital market and Indian shares is widely recognized as is its index, the SENSEX, which is watched worldwide.

Known earlier an Association of Persons, the Bombay Stock Exchange is now a demutualised and corporatised entity incorporated under the provisions of the Companies Act, 1956, pursuant to the BSE (Corporatisation and Demutualisation) Scheme, 2005 notified by the Securities and Exchange Board of India (SEBI). Bombay Stock Exchange Limited received its Certificate of Incorporation on 8th August, 2005 and Certificate of Commencement of Business on 12th August, 2005. The 'Due Date' for taking over the business and operations of the BSE, by the Exchange was fixed for 19th August, 2005, under the Scheme. The Bombay Stock Exchange has succeeded the business and operations of BSE on going concern basis and its recognition as an Exchange has been continued by SEBI.

In terms of its organisation structure, the Board of the BSE formulates larger policy issues and exercises over-all control. The committees constituted by the Board are broad-based. The day-to-day operations of the Exchange are managed by the Managing Director & CEO and includes a management team of professionals.

The Bombay Stock Exchange has a nation-wide reach with a presence in 417 cities and towns of India. The systems and processes of the Exchange are designed to safeguard market integrity and enhance transparency in its operations while trading Indian shares. During the year 2004-2005, the trading volumes of Indian Shares on the Bombay Stock Exchange showed robust growth and stability.

SharesDaily.in provides an up to date coverage of these INDIAN SHARES by scanning the Indian Share markets for the top performing stocks. The report is available after every trading day.