In March 2022, the Indian stock market made its grand entry into the world’s top five stock markets, in terms of market capitalization, climbing up two notches in ranking from 7th to 5th. Today the nation’s total market cap is $3.21 trillion - higher than the UK's $3.19 trillion, the $3.18 trillion of Saudi Arabia, and $3.18 trillion of Canada.
The history of the Indian stock market goes as far as the 18th century when trading meant the informal buying and selling of cotton under the huge banyan trees in Mumbai. Mumbai, a major trading port even in those days, witnessed regular transactions of essential commodities throughout the century, eventually evolving as the incubator for a thriving Indian Stock Market.
Here’s a sneak peek into the history of a Stock Market that grew from humble tradings to one of the most formidable equity markets in the world.
Definition of stock exchange
In capitalism "essential concomitant" is referred to as the stock market.
As per the Securities Contracts (Regulation) Act of 1956, the stock exchange is a "committee of individuals organized as a group to provide services to businesses in connection with buying, selling and dealing securities, whether or not it is incorporated."
The stock market brings together significant sums of money that are essential to a country's economic growth. A stock market is both a capital citadel and a money market fulcrum, allowing cash to move about and a conduit for money to find its way into successful businesses. The stock market serves as a good indicator of a country's overall economic health and can either depress or stimulate corporate activity."
History of the Indian stock market
For those stock enthusiasts, the history of the growth and evolution of the stock market in India might be quite intriguing.
Security trading in India can be traced back to the times of the East India Company when they began trading in loan securities. Later, during the 1830s, trading of corporate shares with bank stocks and cotton presses was initiated in Bombay - the commercial capital of the nation.
In 1850 Bombay, opposite the Town Hall building, 22 traders gathered under a banyan tree to initiate what can be called today the first stockbrokers association.
Stock Market in India, in its current organized form, took life back in 1875 when Premchand Roychand, a cotton merchant from Rajasthan established what was known as the “Native Share and Stockbroker’s Association” in Bombay’s Dalal Street.
The association that later came to be known as the Bombay Stock Exchange (BSE), took off with 318 members. BSE is India's first organised stock exchange, and the oldest in Asia. BSE was followed by the establishment of the Ahmedabad Stock Exchange in 1894 where textile mill shares were traded. In 1908, the Calcutta stock exchange was formed and traded in plantation and jute mill shares. A year later, in 1920, the Madras Stock Exchange was inaugurated.
Though post-independence, BSE dominated the trading scenario, issues with the lack of transparency and unreliable settlement and clearing processes called for a financial market regulator. Thus, in April 1988, the Security & Exchange Board of India (SEBI) was formed to regulate the securities industry & stock exchanges in a systematic manner. The non-statutory governing body was later given statutory status in 1992.
Soon, the need for a larger stock exchange that could compete with the BSE gave birth to NSE (National Stock Exchange).
Currently, the country has 24 stock exchanges, 21 of which are regional exchanges with specific geographic boundaries. NSE and OICEI, two newer exchanges created during the reform era, have been given the authority to conduct national-level trading. The governing boards run the stock exchanges along with the executive chiefs. The Ministry of Finance establishes regulations and guidelines for the smooth surveillance and management of these bodies.
Today, stock market, equity and investment are words that ring a familiar tone for the young generation in India. Unlike their predecessors who were hesitant and sceptical about stock market investments, India’s NewGen entrepreneurs and corporate executives are confident and ‘literate’ players in the equity market. There is more enthusiasm and fun associated with a once-dry industry. More reason for Gubbacci to bring forth our stock market t-shirts collection!
Get your favourite Stock Market T-shirts from Gubbacci
While the music and sports fans go ga-ga over t-shirts that celebrate their favourite stars, their quotes, or events, today the stock market enthusiasts are no longer lagging. With an increased interest among the country’s younger generation in equities and wise investments, the fandom culture is gaining momentum in the stock market as well!
Gubbacci Apparels is a brand that has brought out an interesting collection of stock market t-shirts that help the ‘stock-ies’ articulate their passion and walk around with catchy “equity” slogans! A wise way of flaunting your passion as well as creating awareness.
Gubbacci is a one-stop shop coming up with one of a kind customised t-shirts for corporates and individuals with flexible options in size, style, and colour. You get high-quality fabric customized to your choice of colour and style for corporate or sports events, gifting or personal peruse.
With Gubbacci, get your most cherished stock market slogan imprinted on your Custom apparel.
Order the snug-fit trendy College Uniforms, Corporate Uniforms, or Montessori Uniforms with stock market logos or catchy slogans created using Gubbacci’s online design tool and in-house graphic designers. Pick your choice from a vast range of custom t-shirts with short and long sleeves, V-necks, hoods, feminine curvy t-shirts, and organic cotton.
Final Words
Gubbacci is committed to providing customers with high-quality custom School Uniforms and Custom Corporate Uniforms that are thoroughly inspected at each stage of the manufacturing process. You can be confident that every component of your purchase, from the yarn to the stitching and printing, has been carefully scrutinized to give you an export-quality product.
Custom T-Shirts for all occasions, children's clothes, blazers, sweaters, hoodies, and Stock Market T-Shirts, to name a few, are the items you can personalise at Gubbacci.
Visit Gubbacci to explore the products and customisations of your choice.
