Publisher's Synopsis
The major economic reforms undertaken in early 1990s have a laid greater emphasis on a market oriented economy. Capital market reform initiatives initiated during that time have led a strong foundation for Indian stock market. After the liberalisation process, India has witnessed many dramatic developments in its investment climate.One of the significant recent developments in the investment scenario in India relates to stock market investing.The Indian stock market has emerged as one of the best-performing stock markets in the world. Over the past five years, the market has grown over 500%.The Indian stock market has become an attractive investment destination not only for domestic investors but also for foreign players. Strong fundamentals and superior performance registered by companies in India have induced foreign (institutional) investors to invest huge money in the India stock market. At present, there are 19 stock exchanges in India. Among these, two major stock exchange viz. Bombay Stock Exchange and National Stock Exchange of India accounts for maximum trading in India.
