(i) Sensex is an index of the stocks in BSE (Bombay Stock Exchange) Sensex has a list of 30 stocks.
(ii) BSE decides the stocks that are to be listed on Sensex.
(iii) Based on the above said factors, BSE regularly prepares a set of 30 stocks which will be together called as SENSEX.

(i) Dalal Street is an area in downtown Mumbai, India, that houses the Bombay Stock Exchange (BSE) - the largest stock exchange in India.
(ii) The literal translation of Dalal in Marathi is a broker or intermediary.

(i) The normal trading time for equity market is between 9.15 a.m. to 3.30 p.m., Monday to Friday.
(ii) It is closed on the weekends and National holidays.

(i) A number of new structures have been added to the existing structure of the Indian stock exchange.
(ii) Recent Development in Stock Exchange
1) National Stock Exchange of India Limited (NSE)
2) Stock Holding Corporation of India Limited (SHCIL)
3) National Clearing and Depository System (NCDS)
4) Securities Trading Corporation of India (STCI)

(i) A commodity exchange is an exchange whdre commodities are traded.
(ii) Tradable commodities fall into the following categories.
a) Metals (e.g.gold, silver, copper)
b) Energy (e.g. crude oil, natural gas)
c) Agricultural (e.g. rice, wheat, cocoa)
d) Live stock and meat (e.g. Iive cattle, Iean hog)

(i) The word Nifty originates from 2 words, 'National' and 'Fifty'.
(ii) Nifty basically means the index of the 50 most actively traded stocks from across all sectors.
(iii) Nifty represents the top stocks of the NSE and when we talk about Nifty going up, it means that all the heavyweight stocks of NSE across all sectors are moving up.
(iv) Nifty consists of top 50 companies from 24 different sectors.
(v) Nifty is computed from the performance of top stocks from different sectors.
(vi) Some mutual funds use Nifty as a benchmark. The performance of the mutual funds is assessed against the performance of the Nifty.

(i) There are 24 stock exchange in the country, with 21 of them being regional in nature.
(ii) Three others that have been set up in the reforms era, viz., National Stock Exchange (NSE), the Over the Counter Exchange of India Limited (OTCEI) and Interconnected Stock Exchange of India Limited (ISE) have mandate to nationwide trading network.
(iii) The ISE has been promoted by 15 regional stock exchanges in the country and is based at Mumbai.
(iv) The ISE provides a member-broker of any of these stock exchanges an access into the national market segment.
(v) The NSE, OTCEI, ISE and majority of the regional stock exchanges have adopted the Screen Based Trading System (SBTS) to provide automated and modern facilities for trading in a transparent, fair and open manner with access to investors across the country.

(i) NSE was incorporated in November, 1992.
(ii) It is a countrywide, screen based, Online and order driven trading system.
(iii) It uses satellite link to spread trading throughout the country thereby connecting members scattered all over the India.
(iv) Through computer network, member's orders for buying and selling within prescribed prices are matched by central computer with each other and instantly communicate to the trading member.
(v) NSE has two segments, i.e. Debt segment and capital segment. It has ushered in transparent, screen based and user friendly trading of global standards.

(i) Stag:
(a)  A Stag is cautious speculator in the stock exchange.
(b) He applies for shares in new companies and expects to sell them at a premium, if he gets and allotment.
(c) He selects those companies whose shares are in more demand and are likely to carry a premium.
(d) He sells the shares before being called to pay the allotment money. He is called a premium hunter.
(ii) Lame duck:
(a) When a bear finds it difficult to fulfill his commitment, he is said to be struggling like a lame duck.
(b) A bear speculator contracts to sell securities at a later date. 
(c) Moreover, the buyer is not willing to carry over the transactions.

The limitations of stock exchange are as follows:
(i) Lack of uniformity and control of stock exchanges.
(ii) Absence of restriction on the membership of stock exchanges.
(iii) Failure to control unhealthy speculation
(iv) Allowing more than one stock exchange in the place.
 

As of 2016, there are 60 stock exchanges in the world. Of these, there are 16 exchanges with a market capitalization of dollar1 trillion or more, and they account for 87% of global market capitalization. Apart from the Australian Securities Exchange, these 16 exchanges are all in North America, Europe, or Asia.

Lombard Street
(i) Lombard Street, London, is a street notable for its connections with the City of Londons merchant, banking and insurance industries, stretching back to medieval times.
(ii) From Bank junction, where nine streets converge by the Bank of England, Lombard Street runs southeast for a short distance before bearing left into a more easterly direction. 
Wall Street
(i) Wall Street is a street in lower Manhattan that is the original home of the New York Stock Exchange and the historic headquarters of the largest U.S. brokerages and investment banks.
(ii) The term Wall Street is also used as a collective name for the financial and investment community, which includes stock exchanges and large banks, brokerages, securities and underwriting firms, and big businesses.
(iii) Today, brokerages are geographically diverse, allowing investors free access to the same information available to Wall Streets tycoons.