SECONDARY MARKET IN INDIA:A REVIEW OF EMERGING TRENDS

Indian Securities Market, especially the secondary market is witnessing fundamental changes in the last few years. Electronic financial services have modernized the stock exchanges, leading to drastic reduction in transaction costs and significant improvements in efficiency, transparency and safety in trading, leading to increased trading volumes and market capitalization. The changes in regulatory and governance framework have also brought about an improvement in investor confidence. With the total Market Capitalisation of 1, 01, 49,290 crore at BSE and 99, 30,122 crores at NSE as on May 2015, the secondary market is set to see phenomenal changes in the future.It is against this background, the paper aims to (i) study the trends in secondary market with regards Sensex and Nifty (ii) examine the growth in the number of investors accounts at NSDL and CDSL, (iii) analyse the growth of online trading in capital market (CM) segment of NSE with a view to assess its impact on the trading volume and turnover.  Â