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Business Environment by A. C. Fernando

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46

THE INDIAN STOCK MARKET

In this chapter, we study the definition, 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 finally, the Securities and Exchange Board of India (SEBI). Once you are familiar with all these, you will be able to understand 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 market (that deals with new issues of stocks and shares) also encompasses ...

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