What is the meaning of Dalal Street?

[Marianne M.]

Business English Lesson, Advanced Level

ESL/EFL Test #247 "Business Buzzwords from Mumbai to Virginia", question 1

In Mumbai, the bullish phase in the stock markets has attracted a whole new breed of investors, including students and housewives; the latest to join the party on ......... Street are BPO employees.

(a) Dalal
(b) Easy
(c) Stock
(d) Wall

Business English Lesson, Advanced Level

ESL/EFL Test #247 "Business Buzzwords from Mumbai to Virginia", answer 1

In Mumbai, the bullish phase in the stock markets has attracted a whole new breed of investors, including students and housewives; the latest to join the party on Dalal Street are BPO employees.

Correct answer: (a) Dalal
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Please could you explain what is the meaning of Dalal Street.

[Mister Micawber]

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"A term that refers to the Bombay Stock Exchange, the major stock exchange in India. The street is home not only the Bombay Stock Exchange but also a large number of other financial institutions. The term "Dalal Street" is used in the same way as "Wall Street" in the U.S., referring to the country's major stock exchanges and overall financial system. These terms are often seen in the financial media."
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Native English teacher at Mister Micawber's

[Marianne M.]

Many thanks for yor answer.