Published Paper Details:

The capital market in emerging economies like India has exhibited a strong growth momentum, driven by a robust economic demand, consumption and savings rate. The history of Indian capital market dates back to the eighteenth century with East India Company. In early 1990�s, India figured low in global ranking of the state of capital markets. The reforms, adoption of sophisticated IT tools in trading and settlement mechanism has placed India in lead. The National Stock Exchange has played an important role in this transformation. The establishment of screen based trading; shorter settlement periods, dematerialization and derivatives have been other major developments. The National Stock Exchange has overseen enormous growth in derivatives trading. But with the global integration the widening and intensifying of links between high incomes developing countries, which have accelerated over years. The capital market also poses major challenges as of taming derivatives, regulatory overhang, the demise of proprietary trading, sustained volatility and increased concentration etc. So there is a requirement for further development in Capital Market and present work carried out with that prospective to find out growth, challenges, opportunities and future of Indian Capital Market with the reference of Preforms and Reforms of it with effect of Liberalization, Globalization and Privatization.