Indian Stock Market Structure

The Indian stock market is structured with a system of regulatory bodies, stock exchanges, and intermediaries that facilitate the buying and selling of securities. The main components of the Indian stock market structure include:

1. Regulatory Bodies: The Securities and Exchange Board of India (SEBI) is the primary regulatory body for the securities market in India. SEBI is responsible for protecting the interests of investors and promoting the development of the securities market.
2. Stock Exchanges: The two main stock exchanges in India are the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE). These exchanges provide a platform for the trading of securities, including stocks, bonds, and derivatives.
3. Intermediaries: Intermediaries, such as brokerage firms, play a critical role in the Indian stock market. They help investors buy and sell securities and provide advice and guidance on investment decisions.
4. Depository Participants: Depository Participants (DPs) are intermediaries who hold securities on behalf of investors in electronic form. They help investors manage their securities portfolios and provide services such as dematerialization and re-materialization of securities.
5. Clearing Corporations: Clearing Corporations are responsible for settling trades and ensuring that securities and funds are delivered and received in a timely and efficient manner.

In India, the stock market operates under the principles of transparency, fairness, and efficiency.

The regulatory bodies, stock exchanges, and intermediaries work together to ensure the smooth functioning of the market and to protect the interests of investors.