<p>The Bombay Stock Exchange (BSE) is India's oldest and largest stock exchange, established in 1875. It facilitates trading in equity, debt instruments, derivatives, and other securities.</p>

<h2>How It Works</h2>
<p>The BSE operates through a network of over 5,000 stockbrokers, enabling investors to trade in various securities. Key aspects include:</p>
<ul>
  <li><strong>Trading Platform:</strong> BSE uses a fully automated electronic trading platform, BSE Star, for all its markets.</li>
  <li><strong>Listing Requirements:</strong> Companies seeking to list on BSE must meet certain financial criteria and comply with listing agreement terms.</li>
  <li><strong>Settlement:</strong> All trades are settled on a T+2 basis, meaning securities are delivered and payments are made two business days after the trade date.</li>
</ul>

<h2>Why It Matters</h2>
<p>The BSE plays a crucial role in India's economy, providing a platform for companies to raise capital and investors to participate in the growth of these companies. For instance, in 2020, Reliance Industries Limited (RIL) raised over INR 53,000 crore (approximately USD 7.2 billion) through a rights issue on BSE, making it one of the largest fundraisers in the history of the Indian capital market.</p>