Stock Market In India
A stock (or share) market deals mainly in corporate securities. The securities are chiefly in the form of equity shares and debentures. The function of the stock market is two-fold: (a) to arrange for the raising of new capital (primary market function) and (b) to provide liquidity to existing securities (secondary market function). There are 24 recognized stock exchanges in India, including the Over the Counter Exchange of India (OTCEI) for small and new companies, the old established Bombay Stock Exchange (BSE), and the National Stock Exchange (NSE) that was set up as a model exchange to provide nationwide services to investors.
Bombay Stock Exchange is the oldest stock exchange in Asia having life of over 133 years. BSE is the first stock exchange in india which obtained permanent recognition from the Government of India under the Securities Contracts (Regulation) Act 1956. BSE