Money classic investment advisors explain what does SENSEX, BSE, NSE and Nifty mean Investment is a key to your safe and secure future. However, to overcome the impact of inflation, investments in plain old financial instruments do not seem to be adequate. To get something extra out of your investments, Share market offers the lucrative opportunity of purchase and trade of securities such as stocks and options. Money classic investment advisors empower every eager investor to understand the working of the share market and share market tips by providing information on stock market basics, how to trade, types of financial instruments, and successful trading strategies that offer better returns for you to become someone more than a regular investor.
Trading in the Indian share market primarily occurs on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE). More than 7,000 shares are listed on the BSE with approximately 3,000 shares traded actively.
To start trading, an investor requires three types of accounts. The trading account is used for buying and selling financial products. A Demat account is required to hold the investments electronically. And finally, one needs a bank account to transfer and receive funds.
Trading Account:
Investors can open an offline or online trading account with any booking firm that is registered with the stock exchange. The primary function of the trading account is facilitating purchase and sale of various financial products available on the share market.
Demat Account:
Since 1996, all investments like bonds, mutual funds, and shares have been dematerialized. This means the instruments are now available electronically. This makes it mandatory for investors to avail a Demat account to buy and sell financial products traded through the trading account.
Bank Account:
Investors can link their savings bank account with the trading account. This enables quick and efficient transfer of funds for all trades that are successfully executed in the trading account.
Most broking companies provide a complete solution for investors and offer all the above three accounts. This makes it easier and convenient for investors to trade in the Indian stock market.
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