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Investors' Attitude towards Secondary Market-A Study of Punjab Region

Anil Soni*

*Associate Professor, DAV Institute of Engineering & Technology, Jalandhar, India.

Periodicity:September - November'2016
DOI : https://doi.org/10.26634/jmgt.11.2.8187

Abstract

The stock market can be broadly classified into two categories i.e. Primary Market and Secondary Market. When a company offers its shares to the public to raise capital, it is done through Primary Market. This process is performed with the help of the Merchant Bankers. Once the shares have been issued by the company and are listed on the stock exchanges, the sale and purchase of the securities after issue takes place through secondary market. The size of the secondary market is much bigger than the primary market. Investments in secondary market constitute a sizeable portion of the investable funds. The number of the investors, the volume and the value of transactions has seen an unparalleled growth during the last one decade. More and more small investors are attracted towards secondary market. As far as Indian secondary market is concerned, there are two major stock exchanges viz. National Stock Exchange (NSE) and Bombay Stock Exchange (BSE). All the transactions on these exchanges are done with the help of technology and there is no manual trading. In the present paper, an attempt has been made to study the attitude of the investors towards secondary market. The area of the study is limited to the three major cities of Punjab i.e. Jalandhar, Mohali and Ludhiana.

Keywords

Equity Shares, Preference Shares, Investment, Bombay Stock Exchange, National Stock Exchange, Dividend.

How to Cite this Article?

Soni, A. (2016). Investors' Attitude towards Secondary Market-A Study of Punjab Region. i-manager’s Journal on Management, 11(2), 32-40. https://doi.org/10.26634/jmgt.11.2.8187

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