IT RELATED REFORMS IN INDIAN STOCK MARKETS – A STUDY

Shenoy, Sandeep and Hebbar, C K (2015) IT RELATED REFORMS IN INDIAN STOCK MARKETS – A STUDY. International Journal in Management, IT & Engineering, 5 (7). pp. 465-481. ISSN 2249-0558

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Abstract

The Indian capital market has witnessed major reforms in the 1990s and thereafter. The Government of India and SEBI has taken a number of measures in order to improve the working of the Indian stock exchanges and to make them more progressive and vibrant. Initially the BSE was the main exchange, but after the setting up of the NSE and the Interconnected Stock Exchange of India Limited (ISE) reach of stock exchanges have spread across the country. Modelled along the lines of the NASDAQ market of USA, Over the Counter Exchange of India (OTCEI) setup in 1990 introduced many novel concepts to the Indian capital markets such as screen-based nationwide trading, sponsorship of companies, market making and criplesstrading. The emergence of Securities and Exchange Board of India (SEBI) as the supreme capital market regulator showed India’s commitment to come across as a strong economic force, through establishing market best practices of enhanced corporate disclosure and increased investor protection. Information technology has also played a vital role in the transformed growth of the Indian capital market. This paper tries to identify and understand the IT reforms that have transformed the functioning of the capital market and also the impactof these reforms on the stock markets in India and across the globe.

Item Type: Article
Uncontrolled Keywords: Information Technology, Reforms, Capital Market
Subjects: Departments at MU > Commerce
Depositing User: MIM User
Date Deposited: 01 Aug 2015 08:59
Last Modified: 03 Aug 2015 04:33
URI: http://eprints.manipal.edu/id/eprint/143704

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