This report provides a foundational overview of capital markets, focusing on the distinct roles and mechanics of primary and secondary markets as of April 2026. Executive Summary

The secondary market is where securities are traded among investors. This is what most people mean when they refer to the "stock market". How it Works

Establishes the fair market value of assets through continuous trading.

To ensure fairness and protect investors, capital markets are heavily regulated by government bodies: Securities and Exchange Commission (SEC) . India: Securities and Exchange Board of India (SEBI) .

Explain how impact bond prices in secondary markets.

Focused on long-term financing, distinguishing them from short-term "money markets".