Description

INTRODUCTION have seen the famous Indian monument, the Taj Mahal, and those haven't. The same could also be said about the investors. There are two kinds of investors: (Investopedia.com). The stock market plays a vital role in the development of the economy of any country. Literally, the stock market can be classified into two categories viz., primary market and secondary market. The primary market encompasses the new issues of stocks, where the private and public companies offer new securities like equity shares, preference shares, and so on, through Initial Public Offerings in order to expand the companies' capital. Secondary markets are routed through the stock exchanges, where those new securities that have been sold in the primary market, they are traded in the secondary market.