The market for industrial securities is known as securities market. It
offers an ideal market for corporate securities such as shares and debentures. Industrial
securities market is relatively much smaller in India than that in other industrialized
countries. This is because of the industrial structure, investment habits and the level of
education of investors in India. During the planning period the role of public sector
companies has much increased in the business activity of the country. Industrial securities
are not a major source of funds even for private sector industrial units. The volume of
industrial securities in relation to government securities, their role in financing the private
sector and their significance as a savings medium indicate that the industrial securities
market in India can hardly be regarded as a barometer of economic activity.
Industrial securities market comprises of the following segments :
(a) Primary Market.
(b) Secondary Market.

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