As #Sensex hits 50000 mark for the first time, let's peek into the rich history of Bombay Stock Exchange.

The history of BSE can be traced back to 1850s when a group of five stock brokers used to conduct meetings under the banyan tree in front of Mumbai Town Hall.

As the number of the brokers increased, they started changing the venue of the meeting constantly. Almost two decades later, this small group moved to the Dalal Street in 1874, and later, in the following year, it was recognized as an official organization by the name

'The Native Share & Stock Brokers Association'. As per the Securities Contracts Regulation Act, BSE became the first stock exchange to be recognized by the Government of India in 1956. BSE Sensex was developed in 1986 which was considered a tool to measure the overall performance

Of the Bombay Stock Exchange. Using this index, various equity derivative markets were open and many future trading contracts were made in 2000 which further led to expansion of its platform. BSE switched to e-trading system in 1995 and took only fifty days for this transition.

'BOLT' or the 'BSE On Line Trading' is the automated version of the trading platform, which is screen based and currently has a capacity of 8 million orders per day.

Also, BSE is the first stock exchange in the world to introduce centralized internet trading system.

#Sensex