12 interesting facts you should know about the Indian stock market
- Sayan Paul
- 05 March, 2021
- 2 mins ago
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12 interesting facts you should know about the Indian stock market
Before you start investing in the Indian stock market, it's important for you to know all the basic facts about it.
Stock market is a place full of charm, mystery and unpredictability. And ever since the Sony Liv series 'Scam 1992: The Harshad Mehta Story' released, the curiosity towards Indian stock market has increased manifolds among the people! More than ever, the youth of our country are getting interested to understand how the stock market works and how to make money from it. Here, we have gathered some amazing facts about the Indian stock market that will make you more interested to explore this fascinating world.
- Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) are the two major stock exchanges out of all the stock exchanges in India.
- With more than 5500 listed companies, Bombay Stock Exchange or BSE is the biggest stock exchange in the world.
- BSE is the oldest stock exchange in Asia. A businessman named Premchand Roychand established it in the year 1875.
- Although the dialogue "Risk Hai to Ishq Hai" from the Sony Liv series became extremely popular, most of Indians don't really love taking risks. Only 2% of India's total population invest in the stock market.
- To participate in the online trading, you need to have a trading account or a demat account at any leading bank.
- MRF is the costliest share in the Indian stock market. As of now, it costs 88,680 rupees to buy one share of MRF. The price varies depending on several factors.
- Sensex and Nifty are the two most important market indexes in Indian stock market.
- SEBI (Securities Exchange Board of India) operates all the functions in the Indian stock market.
- 'Rule of 72' is the process of calculating how many years it will take for your investment to double, with the fixed interest rate. Just divide 72 by the interest rate and then you'll get your answer.
- The Indian stock market suffered from a huge loss when Sachin Tendulkar left International Cricket.
- All the festivals and occasions have impact on the stock market in India. A study has shown that Diwali is the time when there happens a rapid growth in the stocks.
- Depending on the market position and price value, the stock market is referred to as Bull Market and Bear Market. When the market is going well and the stock prices are in a growing state, then it's called Bull Market (refers to the horn of Bulls) and when the market isn't going well and the prices are falling down, then it's called a Bear Market (refers to the horns or Bears).