Introduction ‘Capital Market’ has become a ubiquitous concept today. It is the place from where finance is raised by the companies for meeting their requirements for funds for new projects, modernization and expansion programmes, long-term working capital requirements, repayment of loans and various other purposes; thus mobilizing the long-term savings of the individuals for investment in shares, debentures, units of mutual funds and other like financial instruments, which are ultimately deployed for productive purposes in various sectors of the economy1-2. The market can be broadly categorized into two segments, that is, a primary market and a secondary market. While the primary market deals in new issues, the secondary market is the market that deals in issues already on the stock exchanges, thus also called the stock market. Thus capital market has not only come to play a major role in mobilizing resources b ....