
In this chapter, we study the de nition, the origin, the functions, the
evolution, and the growth, organization and membership of the
Indian stock market. We also study what are Sensex and Nifty and
such topics like the services rendered by stock exchanges, listing
of securities, advantages of listing, regulations and control of stock
exchanges and nally, the Securities and Exchange Board of India
(SEBI). Once you are familiar with all these, you will be able to under-
stand and appreciate the role of Indian stock market in providing
capital resources to the Indian corporate sector.
DEFINITION
The capital market which includes the primary ...