CURRENT AFFAIRS

Detailed explanation-1: -As part of attempts to enhance its commodity trading offering, BSE has signed a memorandum of understanding with Steel Users Federation of India (SUFI) to launch trading in steel futures.

Detailed explanation-2: -Established in 1875, BSE (formerly known as Bombay Stock Exchange), is Asia’s first & the Fastest Stock Exchange in world with the speed of 6 micro seconds and one of India’s leading exchange groups.

Detailed explanation-3: -The National Stock Exchange of India Limited (NSE) commenced trading in derivatives with the launch of index futures on June 12, 2000. The futures contracts are based on the popular benchmark Nifty 50 Index. The Exchange introduced trading in Index Options (also based on Nifty 50) on June 4, 2001.

Detailed explanation-4: -It is an integral component of the “$1 trillion” club, having the 11th largest market capitalisation value at $2.2 trillion. BSE stock exchange was founded by Premchand Roychand in 1875 and is currently managed by Sethurathnam Ravi, serving as the chairman.

Detailed explanation-5: -As per the Securities Contracts Regulation Act, BSE became the first stock exchange to be recognized by the Government of India in 1956.