December 2020
Intermediate to advanced
857 pages
42h 3m
English
Content preview from Business Environment, 4th Edition by Pearson
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Stock Exchanges in India | 171
sector institutions can obtain bonds through the
sale of a new stock or bond issue. Secondary
market refers to a market where securities are
traded after being initially oered to the public
in the primary market, and/or listed on the stock
exchange. Majority of the trading is done in the
secondary market. Secondary market comprises
of equity markets and the debt markets.
In the primary market, securities are oered to
public for subscription, for the purpose of raising
new capital or fund. On the other hand, the
secondary market is an equity-trading avenue in
which the already existing/pre-issued securities ...
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