Relevance of Stock Broking Industry

Abstract

With more and more disposable income available with the people working in the various sectors and with many investment opportunities available, each individual wants to invest in the share market and want to have a sizeable portfolio. The stock brokers and other various intermediary agencies play a vital role in the capital market. The investor may not be aware of the working of the stock market and the stock broking agencies have to take the responsibility of the buying and selling of shares on their behalf. The agencies inform the investors about the various products and services so that they can invest in alternatives that are more profitable and also provide them with wealth maximization products. On many occasions, the investor may not know how to operate the De-mat account, or may not be a computer user nor may have the time and resources to analyze the stock market. In such a situation , the advisory services of the stock broker becomes very essential because it is very difficult for a new comer to predict a particular stock performance as the stock market is most of the time very volatile. The present study is an attempt to study the present relevance of stock brokers and scope for stock broking Industry in the capital market. For this study, secondary data has been used to find out the importance and scope of broking industry.