Chapter 46: The Indian Stock Market | 597 |
and savings, it promotes capital formation. Stock exchanges
also offer guidance to investors, especially in their choice of
securities by proving them the daily quotes of prices of the
listed securities and by publishing the trends of dealings on
their fl oors. The stock exchange also enables the government
and private companies to raise the much-needed resources by
providing a ready market for the securities.
LISTING OF SECURITIES
Listing of securities is the process whereby the securities (shares,
debentures, bonds, units) of a company are listed in the offi cial list
of a recognized stock exchange for the purpose of trading. Every
stock exchange maintains an offi cial list of securities which ...