Abstract:
The institutions, players and mechanism that bring suppliers and users of capital together, comprise the 'capital market'. Capital Market acts as a bridge that connects all the providers and users of funds with an objective to mobilize capital and convert public savings into capital for corporations and institutions. It enables firms and households to cope with economic uncertainties by hedging, pooling, sharing and pricing risks. An efficient Capital Market reduces the costs and risks of producing and trading goods and services, and thus makes an important contribution to raising standards of living, which bears direct impact on economic development. Since the beginning of this decade, the Indian capital markets have been receiving global attention due to the improving macroeconomic fundamentals. The presence of a vibrant economy
