The Scenario of Securities Transaction in India today is as follows:

In the year 1981 there were 2 million investors. By 1991, the number grew to 9 million. Today there are estimated 16 million investors in India and every year 20% more are added to the same.

In essence 40% of the investment population consists of newcomers whose investment history is less than 5 years old.

From 1980 to 1995, in a span of 15 years, the number of listed companies has increased three times. In 1980 there were 2265 listed companies. Today in 1997 there are 6800 listed companies.

In the year 1980 the market capitalization was Rs.5843 crores which today in the year 1997 is Rs.3,98,349 crores.

The BSE Index in the year 1981 stood at 139 which is now at 4000.

The daily turn over of the BSE is around Rs.250 crores. During peak time more than 100,000 deals are conducted in a day on the BSE compared to 40,000 deals on the London Stock Exchange and 80,000 deals on the New York Stock Exchange.

The National Stock Exchange also has a daily turn over of Rs.100 crores. The Unit Trust of India has recorded that number of its unit holders grew from 1 million in 1981 to 12 million in 1995.

In 1986 there were 14 Stock Exchanges in India. Today there are 23, including 3 Stock Exchanges - Bombay Stock Exchange (BSE), National Stock Exchange (NSE) and Over the Trade Counter (NTC), in Bombay. Since the beginning of the year 1995, the BSE has gone on-line.

1. Ludhiana 2.New Delhi 3.Jaipur 4.Meerut 5. Ahemdabad