Department of Humanities, PSG Institute of Technology Peelamedu, Coimbatore-641 004, Tamilnadu
*Authors Correspondence: Dr. V. Santhi Associate professor, Department of Humanities, PSG Institute of Technology, Peelamedu, Coimbatore-641 004, Tamilnadu
Online published on 29 March, 2017.
There are 22 stock exchanges in India, the first being the Bombay Stock Exchange (BSE), which began formal trading in 1875, making it one of the oldest in Asia. Over the last few years, there has been a rapid change in the Indian securities market, especially in the secondary market. Advanced technology and online-based transactions have modernized the stock exchanges. In terms of the number of companies listed and total market capitalization, the Indian equity market is considered large relative to the country's stage of economic development. The number of listed companies increased and market capitalization has grown almost 11 times. This paper focuses different stages of capital market in India like, initial stage, early challenges, various scams, growth of the stock market, current stages of stock market, various reasons for up and downward trend in Indian stock market.
