Stock market trading is witnessing radical changes at the dawn of the new millennium. Rising globalization, deregulation, cross listing, and foreign portfolio investments have made the competition among exchanges greater than ever before. Technological advancements in telecommunications and the Internet are modifying the basic business model of a stock exchange. The scenario in the Indian stock market has witnessed rapid changes over the past de4cade or so. It has emerged as a major source of finance for the corporate sector. A healthy and vibrant stock market is therefore, an imperative for a stable economy. However, the Indian stock market still faces many challenges like broker’s dominance, weaker market infrastructure, inefficient flow of information and not so transparent trading system. Operations of Indian stock exchanges is done with a view to exploring the variables for the efficient functioning of Indian stock exchanges and suggesting a proper methodology for the efficient functioning of stock exchanges.
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