GROWTH OF INDIAN STOCK MARKET : A CASE OF NSE
The present paper provides historical background of stock market in India and also analyses the growth pattern of NSE. The study covers the period of twelve years spread over from 1995-96 to 2006-07. It has been found that all the segments of NSE have registered splendid growth in terms of turnover. The derivatives segment of NSE has made it one of the largest stock exchanges in the world. So far as the trading in securities is concerned, it is not broad based. The trading is concentrated to few securities and a large portion of the securities are experiencing low liquidity.