mutual fund
CHAPTER 1
1.1Meaning and Definition
MEANING:
Stock Exchange also called stock market. It is a market place where securities are bought and sold. It is an organized market for buying and selling corporate securities. Like any other centralized market, stock market facilitates buyers and sellers to do business at the fairest price. As public is not admitted to the trading floor, business has to be done through registered brokers.
A stock exchange is the central place or market where industrial securities are bought and sold under a code of rules and regulation. A stock exchange is the place where any body who wants to buy a particular ‘security’ can find an immediate seller, or anybody who wants to sell his holdings can find a buyer at a fair price.
The stock market or exchange is a place where long-term commitments or investments are bought and sold. For the existence of corporate form of organization, the stock exchange is an essential institution.
DEFINITION:
According to K.L. Garg,
“A stock exchange is an association of persons engaged in the buying and selling of stocks, bonds and share for the public on commission are guided by certain rules and usages.” 7|P a ge
According to Pyle,
“Stock exchanges are market places where securities that have been listed thereon, may be bought and sold for either investment or speculation.”
Securities contracts (Regulation) Act, 1956 under section 2(J) has defined, ‘stock exchange ‘ as any body of individuals whether incorporated or not, constituted for the purpose or assisting , regulating or controlling the business of buying , selling or dealing in securities’
1.2 History of Indian Stock Exchange
Indian stock market marks to be one of the oldest stock market in Asia. It dates back to the close of 18th century when the East India Company used to transact loan securities. In the 1830s, trading on corporate stocks and shares in Bank and Cotton presses took place in Bombay.
Though the
1.1Meaning and Definition
MEANING:
Stock Exchange also called stock market. It is a market place where securities are bought and sold. It is an organized market for buying and selling corporate securities. Like any other centralized market, stock market facilitates buyers and sellers to do business at the fairest price. As public is not admitted to the trading floor, business has to be done through registered brokers.
A stock exchange is the central place or market where industrial securities are bought and sold under a code of rules and regulation. A stock exchange is the place where any body who wants to buy a particular ‘security’ can find an immediate seller, or anybody who wants to sell his holdings can find a buyer at a fair price.
The stock market or exchange is a place where long-term commitments or investments are bought and sold. For the existence of corporate form of organization, the stock exchange is an essential institution.
DEFINITION:
According to K.L. Garg,
“A stock exchange is an association of persons engaged in the buying and selling of stocks, bonds and share for the public on commission are guided by certain rules and usages.” 7|P a ge
According to Pyle,
“Stock exchanges are market places where securities that have been listed thereon, may be bought and sold for either investment or speculation.”
Securities contracts (Regulation) Act, 1956 under section 2(J) has defined, ‘stock exchange ‘ as any body of individuals whether incorporated or not, constituted for the purpose or assisting , regulating or controlling the business of buying , selling or dealing in securities’
1.2 History of Indian Stock Exchange
Indian stock market marks to be one of the oldest stock market in Asia. It dates back to the close of 18th century when the East India Company used to transact loan securities. In the 1830s, trading on corporate stocks and shares in Bank and Cotton presses took place in Bombay.
Though the
Bibliography: TEXTS & PRINTED MATERIALS : Investment Management- M.Com. Part-II Banking…… S. Parveen Financial markets Of India…Gorden Natrajan WEBSITES & PORTALS : 1. http://www.sebi.com 2. http://en.wikipedia.org/wiki/stock exchange (stock exchange- History) 3. http://ehow.com 4. http://www.nseindia.com/content/ncfm/Surveillance 42 | P a g e