The Bombay Stock Exchange, the oldest stock exchange in Asia, had held a monopoly in India until 1994, when the National Stock Exchange was launched. When derivatives were introduced to the Indian stock exchanges in 2000, the Bombay Stock Exchange had been unprepared, and the National Stock Exchange soon captured the entire derivatives market. significance in the context of the fact that Bombay Stock Exchange is the biggest stock exchange of the country in terms of turnover and number of listed companies. A close examination of the bullish phase at Bombay Stock Exchange during June-October, 1990 period brings out some important observations. BSE: The Bombay Stock Exchange• There are 23 stock exchanges in the India. Bombay Stock Exchange is the largest, with over 6,000 stocks listed. The BSE accounts for over two thirds of the total trading volume in the country.• Established in 1875, the exchange is also the oldest in Asia.