PRIMARY MARKET SECONDARY MARKET

S R	PRIMARY MARKET	SECONDARY MARKET
1. 2. 3. 4. 5.	Meaning The market is utilized for raising fresh capital in the form of shares and debentures. Function The function is to raise long term funds through fresh issue of securities. Participants The participants are financial institutions, mutual fund, under writer, individual investor. Listing Requirements Listing is not required in the case of primary market. Determinants of Prices The prices are determined by the management of the corporate houses with due compliances with the SEBI requirements for new issue of securities.	It is a market where existing securities are resold or traded. The function is to provide continuous and ready market for existing long term securities. The participants of primary market as well as the stock brokers and the members of the stock exchange are the participants. Only listed securities can be dealt in the secondary market. in case of secondary market the prices are determined by forces of demand and supply in the market and they keep on fluctuating.