Dalal Street is a street in downtown Mumbai, India, that houses the Bombay Stock Exchange (BSE), India’s largest stock exchange, as well as other reputable financial institutions. The Bombay Stock Exchange relocated to Dalal Street in 1874, becoming the first stock exchange recognised by the Indian government.
Dalal is a broker or intermediary in Marathi. Today, Dalal Street has come to represent the entire Indian financial sector, much like Wall Street does in the United States.
The Bombay Stock Exchange has aided Dalal Street’s financial growth by providing an efficient marketplace for capital raising.
Nihonbashi in Japan and Canary Wharf in London are both financial centres similar to Dalal Street and Wall Street.
Knowing Dalal Street
Dalal Street is referred to by Indian investors in the same way that Wall Street is in the United States. It is the site of a major stock exchange, through which large sums of money flow every day. The media will highlight turmoil or growth on Dalal Street on days when the Indian market closes lower or higher than the previous day.
The Bombay Stock Exchange is the most well-known and important exchange on Dalal Street. It is one of the first Asian exchanges to address latency in the electronic trading era. In its 141-year history, the BSE has aided corporate growth by providing an efficient marketplace for capital raising. Risk management, clearing and settlement procedures, market data services, and investor education are among the other products and services available to market participants.
The S&P BSE Sensex, the most popular equity index on the Bombay Stock Exchange, is a widely recognised benchmark in India and around the world. It monitors the performance of the exchange’s 30 largest stocks across 12 different sectors. In the United States, it is equivalent to the Dow Jones Industrial Average (DJIA). The EUREX, as well as leading exchanges in Brazil, Russia, China, and South Africa, provide investors with access to the Sensex. Stocks, futures, and options are among the other assets traded on the BSE.
Dalal Street and Other Important Financial Centers
Dalal Street is a hub for most financial activities in India and one of many such locations around the world. In the United States, the equivalent is Wall Street, where the New York Stock Exchange (NYSE), Federal Reserve, and other financial institutions are located on the street and in the surrounding area. Canary Wharf is the financial and banking hub of London. The London Stock Exchange and major international banks such as Barclays and HSBC have their headquarters in the financial district.
The Nihonbashi district is where the majority of Japan’s financial activity takes place. The Bank of Japan, the Tokyo Stock Exchange, major financial institutions, and popular shopping malls can all be found here. Hong Kong, Singapore, Sydney, and Zurich are among the other cities with financial districts like Dalal Street.
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