BSE

(BSE) What it is: Operator of the Bombay Stock Exchange, Asia’s oldest exchange. Core business Equity & derivatives trading Listing fees, data & index services SME exchange Why it matters Capital market infrastructure backbone Growing annuity income from data & indices Strengths Strong brand, diversified revenues Asset-light, high-margin segments Risks Intense competition from NSE Market activity slowdown One line: BSE is a steady capital-market infrastructure play with cyclical upside.