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 and (b) to provide liquidity to existing securities .There are 24 recognised stock exchanges in India, including the Over the Counter Exchange of India (OTCEI) for small and new companies, the old establishment Bombay Stock Exchange (BSE) ...
