Correlation between sensex and global indices

In many countries, Capital market is an engine of economic growth and development. A capital market is a market for long-term debt and equity securities, where business enterprises (companies) and governments can raise funds for long- term investment. It is normally divided into two broad categories - the stock market and the bond market. The stock market is the market where equity securities such as stocks representing ownership shares in particular corporations issuing the securities are traded. These instruments are usually issued by big corporations and promise a return (in the form of dividends) based solely on performance of the issuing corporation. In addition, investors can gain from appreciation of stock prices.