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Chapter II History & Evolution of assembly line Exchanges in India 2.1 Introduction: to begin with we study the historic volatile days of the ten years, let us first know what are : a) linage market places, b) Stock metamorphoses. a) Stock Markets: Stock Market is a market nates where the vocation of company stock, both listed securities and unlisted takes place. It is different from stock exchange because it includes all the national stock exchanges of the country. For example, we use the term, the stock market was up today or the stock market bubble. b) Stock Exchanges: Stock Exchanges are an organized marketplace, either corporation or mutual organization, where members of the organization gather to trade company stocks or other securities. The members may act either as agents for their customers, or as principals for their own accounts. Stock exchanges also facilitates for the issue and repurchase of securities and other financial instruments including the payment of income and dividends. The record keeping is rally but trade is linked to such physical place because modern markets are computerized. The trade on an exchange is precisely by members and stock broker do have a seat on the exchange. 2.2 History of Indian Stock Market: Indian stock market marks to be nonpareil of the oldest stock market in Asia.

It dates back to the close of eighteenth century when the East India Company used to transact bring securities. In the 1830s, trading on corporate stocks and shares in bank and Cotton presses took place in Bombay. 12 Though the trading was encompassing but the brokers were hardly half dozen during 1840 and 1850. An informal host of 22 stockbrokers began trading under a banyan manoeuver opposite the Town Hall of Bombay from the mid-1850s, each investing a (then) princely amount of Rupee 1. This banyan tree bland stands in the Horniman Circle Park, Mumbai. In 1860, the exchange flourished with 60 brokers. In fact the Share Mania in India began with the American Civil state of war broke and the cotton... If you want to get a full essay, show it on our website: Orderessay

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