Capital market is the heart of any economy through which the savings are channelized into effective long-term investments. A developed and vibrant capital market will immensely contribute towards speedy economic growth and development and the capital market functioning through the stock exchanges or authorized body. A stock exchange is a market which facilitates buying and selling of shares, stocks, bonds, securities and debentures. It is not only a market for old securities and shares but also for new issues shares and securities. In fact, the capital market is related to the supply and demand for new capital, and the stock exchange facilitates such transactions.