SECONDARY MARKET & ITS OPERATIONS

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SECONDARY MARKET & ITS OPERATIONS
The market for long term securities like bonds, equity stocks
and preferred stocks is divided into primary market and
secondary market. The primary market deals with the new issues
of securities. Outstanding securities are traded in the secondary
market, which is commonly known as stock market predominantly
deal in the equity shares. Debt instruments like bonds
and debentures are also traded in the stock market. Well
regulated and active stock market promotes capital formation.
Growth nof the primary market depends on the secondary
market. The health of the eonomy is reflected by the growth of
the stock market.
History of Stock Exchanges in India
The origin of the stock exchanges in India can be traced back to
 

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