25

Understanding the Capital Market

“We can't control the market but we can control our reaction to it.”

LEARNING OBJECTIVES

After reading this chapter, you will be able to:

  1. Understand the structure and functioning of the capital market.

  2. Look at the Indian securities market in the pre- and post-reforms era.

  3. Discuss the various financial institutions operating in the Indian financial system.

  4. Understand the concept of the secondary market.

  5. Look at the structure and functioning of stock exchanges.

  6. Understand the dematerialization of shares and the concept of depository systems.

  7. Discuss the efficiency of the capital market and its various forms.

FINANCE IN PRACTICE

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