DrshivambjpIND at 17:47, 8 August 2025

2025-08-08T17:47:22Z

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{{Short description|Street in Mumbai; metonym for Indian finance}}
{{Use dmy dates|date=August 2018}}
{{Use Indian English|date=August 2018}}
{{Infobox street
|name = Dalal Street
|image = DalalStreetSign.jpg
|image_size = 250px
|caption = Dalal Street Sign
|website = {{URL|https://www.dsij.in/}}
}}
'''Dalal Street''' ({{langx|mr-Latn|dalāl gallī}}), ({{langx|hi-Latn|dalāl path}}) <ref>{{cite web|title=What Is Dalal Street?|url=https://www.investopedia.com/terms/d/dalalstreet.asp#:~:text=Dalal%20Street%20is%20a%20street,for%20the%20Indian%20financial%20sector|author=James Chen|publisher=Dotdash Meredith}}</ref> is the [[metonym]] for the financial markets of India, the Indian financial services industry of the country as a whole, or the actual financial district itself.<ref>{{cite web |author=James Chen |title=What Is Dalal Street? |url=https://www.investopedia.com/terms/d/dalalstreet.asp#:~:text=Dalal%20Street%20is%20a%20street,for%20the%20Indian%20financial%20sector |publisher=Dotdash Meredith}}</ref> It is located in the [[financial centre|Financial District]] of [[Fort (Mumbai precinct)|Fort]] in Mumbai and is the address of the [[Bombay Stock Exchange]] and several other major financial institutions of the world. The [[Marathi language|Marathi]] word ''{{Transliteration|mr|dalāl}}'' means "a [[broker]]", "a go-between".<ref>{{Cite book|last=McGregor|first=R. S.|url=https://archive.org/details/oxfordhindiengli00mcgr_0|title=Oxford Hindi-English dictionary|date=1993|publisher=Oxford University Press|isbn=978-0-19-864317-3|location=Oxford|url-access=registration}}</ref>

{{coord|18|55|46.08|N|72|49|59.12|E|region:IN_dim:1500|display=title}}
[[File:Bombay Stock Exchange 3.jpg|thumb|The Bombay Stock Exchange on the Dalal Street]]

In 2008, there was a proposal to rename the street after Nagarmal Saraf, a broker who worked at the BSE for 25 years.<ref>{{cite news |last1=Suryawanshi |first1=Sudhir |date=Mar 3, 2008 |title=Brand new threat to Dalal street |url=https://mumbaimirror.indiatimes.com/mumbai/cover-story/brand-new-threat-to-dalal-street/articleshow/15790846.cms |access-date=14 December 2023 |work=Mumbai Mirror |language=en |url-status=live |archive-url=https://web.archive.org/web/20231214110902/https://mumbaimirror.indiatimes.com/mumbai/cover-story/brand-new-threat-to-dalal-street/articleshow/15790846.cms |archive-date=14 December 2023 }}</ref>

== History ==
In the 1850s, local brokers traded informally under banyan trees near Horniman Circle in Mumbai. In 1875, they formed the Native Share and Stock Brokers’ Association, which later became the Bombay Stock Exchange (BSE), establishing Dalal Street as a centre for financial activity.<ref name="bse_milestones">{{cite web |title=History and Milestones |publisher=Bombay Stock Exchange |url=https://www.bseindia.com/static/about/History_Milestones.html |access-date=2025-07-18}}</ref>

In 1957, the BSE became the first Indian stock exchange to receive permanent recognition from the Government of India under the Securities Contracts (Regulation) Act, 1956.<ref name="bse_milestones"/>

In the late 1970s, the BSE initiated the construction of a new 29-storey building. Completed in 1980 and designed by architect Chandrakant Patel, the building was named Phiroze Jeejeebhoy Towers after a former BSE chairman. It remains the BSE’s headquarters.<ref name="sebi_order">{{cite web |title=SEBI Order: BSE Corporatisation and Demutualisation Scheme, 2005 |publisher=Securities and Exchange Board of India |url=https://www.sebi.gov.in/sebi_data/docfiles/11147_t.html |access-date=2025-07-18}}</ref>

== Significance ==
Dalal Street is widely recognized as a central hub of India’s financial markets. It houses the headquarters of the Bombay Stock Exchange (BSE), where the SENSEX - India’s first stock market index - was introduced in 1986.<ref>{{cite web|url=https://www.bseindia.com/static/about/History_Milestones.html|title=BSE Milestones|website=BSE India|access-date=18 July 2025}}</ref>

The Securities and Exchange Board of India (SEBI), established in 1988 and granted statutory powers in 1992, also operates from its main office in Mumbai.<ref>{{cite web|url=https://www.sebi.gov.in/sebi_data/docfiles/11147_t.html|title=History of SEBI|website=SEBI|access-date=18 July 2025}}</ref><ref>{{cite web|url=https://www.sebi.gov.in/contact-us.html|title=SEBI Contact Us|website=SEBI|access-date=18 July 2025}}</ref> Numerous financial institutions and brokerage firms have established offices in the vicinity of Dalal Street, aligning with its status as a central location for Indian capital markets.

== Notable landmarks ==
* '''Phiroze Jeejeebhoy Towers''' – This 29-storey skyscraper, completed in 1980, houses the BSE headquarters.<ref>{{cite web|url=https://www.bseindia.com/static/about/History_Milestones.html|title=BSE Milestones|website=BSE India|access-date=18 July 2025}}</ref>

* '''Electronic Trading Floors''' – In 1995, India transitioned from an open outcry system to electronic trading. Both the BSE and other exchanges adopted screen-based systems, many operating from the Dalal Street area.<ref>{{cite web|url=https://www.bseindia.com/static/about/History_Milestones.html|title=BSE Milestones|website=BSE India|access-date=18 July 2025}}</ref>

==In the media==
The Mumbai based video game Mumbai Gullies is expected to feature the Dalal Street in the fictional map.<ref>{{Cite web|date=2020-11-27|title=What is Mumbai Gullies? |url=https://gameeon.in/what-is-mumbai-gullies/|access-date=2021-09-18|website=GameEon|language=en-US|archive-date=5 April 2023|archive-url=https://web.archive.org/web/20230405214702/https://gameeon.in/what-is-mumbai-gullies/|url-status=dead}}</ref><ref>{{Cite web|last=Ray |first=Bodhisatwa |date=2021-01-19|title=Mumbai Gullies, a GTA styled game from an Indian developer, set to launch soon|url=https://www.techradar.com/news/mumbai-gullies-a-gta-styled-game-from-an-indian-developer-set-to-launch-soon|access-date=2021-09-18|website=TechRadar|language=en}}</ref>

==See also==
* [[Bombay Stock Exchange]]
* [[Phiroze Jeejeebhoy Towers]]
* [[Phiroze Jamshedji Jeejeebhoy]]
* [[Fort (area)|Fort (Mumbai)]]
* [[Economy of India]]
* [[Economy of Mumbai]]

== References ==
{{Reflist}}

== External links ==
* [http://www.bseindia.com/ Bombay Stock Exchange] — official web site
* [http://www.nseindia.com/ National Stock Exchange] official web site
* [https://www.dalalstreets.com DalalStreets.com] - official web site

{{Mumbai topics}}

[[Category:Streets in Mumbai]]
[[Category:Economy of Mumbai]]
[[Category:Financial districts in India]]
[[Category:Retail markets in India]]

Dalal Street - Revision history

DrshivambjpIND at 17:47, 8 August 2025