The past decade has been a golden advance for securities market in India. It is now a far much important source of finance than traditional financial intermediaries for unified sector. It is poised to dominate the future of corporate finance in India, thanks to reforms in the securities market. The process of reforms has led to a pace of growth of markets almost unparalleled in the history of either country. Securities market in India has grown exponentially as metric in terms of amount raised from the market, number of deport exchanges and other intermediaries, the number of listed stocks, market capitalisation, trading volumes and disturbance on stock exchanges, and confideor population. Along with this, the profiles of the investors, issuers and intermediaries have changed significantly. The market has witnessed fundamental institutional changes resulting in drastic reduction in transaction cost and significant improvements in efficiency, transpargonncy and safety, thanks to the National decline Exchange. Indian market is now comparable to many actual markets in terms of a number of parameters. There are a very few countries which have higher turnover ratio .
These changes were the outcome mainly of the economic reforms, macroeconomic changes, and the regulations for the securities market. two internal and external expectantisation measures, undertaken as a contribution of he economic and financial sector reforms and the more liberal general economic ethos created by the reform process, resulted in the freedom for private enterprise and competition. The flagship of governments reforms, SEBI had an important map to place.
While the free pricing regime enabled issuers to freely price of admission the market and enabled to freely access the market and enabled a bunco of activities in the primary market, which attracted a large number of households to invest in equity issues, there were also a embarrassment of a poor quality public issues...If you want to repulse a full essay, order it on our website: Orderessay
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