The history of the Indian stock market dates back to the 19th century. Here is a brief overview of key milestones and developments

Formation of Bombay Stock Exchange (BSE)
The Bombay Stock Exchange (BSE) was established in 1875 as "The Native Share & Stock Brokers' Association." It is one of the oldest stock exchanges in Asia. The BSE played a crucial role in the development of the Indian stock market.
Formation of Other Exchanges
In addition to the BSE, other regional stock exchanges were established, such as the Calcutta Stock Exchange (1908) and Madras Stock Exchange (1920).
Regulation and Control
The stock market was initially unregulated, leading to issues such as price manipulation and fraud. To address these concerns, the Government of India passed the Securities Contracts (Regulation) Act in 1956, which gave legal recognition to stock exchanges and brought them under regulatory control.
Creation of Securities and Exchange Board of India (SEBI)
SEBI was established in 1988 as an independent regulatory body to oversee and regulate the securities market in India. SEBI plays a crucial role in ensuring transparency and protecting the interests of investors.
Introduction of NSE and Electronic Trading
The National Stock Exchange (NSE) was established in 1992, introducing modern technology and electronic trading systems. NSE quickly gained prominence and became a major player in the Indian stock market.
Market Reforms and Liberalization
Economic liberalization in the early 1990s led to various market reforms, including the entry of foreign institutional investors (FIIs) and the introduction of derivatives trading.
Dematerialization of Shares
In 1996, the process of dematerialization of shares began, allowing investors to hold and trade securities in electronic form.
Index Boom and Globalization
The late 1990s and early 2000s witnessed the rise of major stock market indices like the BSE Sensex and NSE Nifty. India's stock markets became increasingly interconnected with global markets.
Market Volatility and Regulatory Changes
The Indian stock market has experienced periods of significant volatility, influenced by both domestic and global factors. SEBI has continued to implement regulatory changes to enhance market stability and investor protection.
Current Scenario
The Indian stock market continues to be a dynamic and evolving financial landscape, with a growing number of investors, increased market capitalization, and ongoing regulatory developments. Disclaimer

Please note that developments in the stock market may have occurred since my last update, and it's advisable to refer to the latest sources for the most recent information.

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