What is Securities Markets?
Securities Markets are financial marketplaces where financial instruments such as stocks, bonds, and derivatives are issued and traded. They facilitate the flow of capital from savers to investors, playing a crucial role in economic growth and capital formation.
Historical Background
The concept of organized securities trading in India dates back to the 19th century with the establishment of the Bombay Stock Exchange (BSE) in 1875. Post-1991 economic liberalization, the markets underwent significant reforms, including the establishment of SEBI and the National Stock Exchange (NSE) in 1992, leading to modernization and increased transparency.