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Impact of modern technology on the stock market in India and its future

Author Affiliations

  • 1Department of Management Studies, Guru Ghasidas Vishwavidyalaya, Bilaspur, Chhattisgarh, India
  • 2Department of Management Studies, Guru Ghasidas Vishwavidyalaya, Bilaspur, Chhattisgarh, India

Int. Res. J. Social Sci., Volume 7, Issue (6), Pages 26-29, June,14 (2018)

Abstract

Over the past few decades, the speed and extent of development of stock exchange in developing nations like India has created elementary shift within the monetary structure of the nation. One of the principal explanations for the same is the development in the information technology (IT) sector of the country that has offered investors’ well-organized system to research and purchase stocks online. For instance, computer systems records purchasing and buying orders so rapidly that investors can know their price and other details within a few seconds. Besides, trading through electronic devices eradicates handling of transactions by people and eliminates errors that had become frequent in case of traditional methods. By the systematic application of modern information technology (IT) techniques our nation can develop such an electronic trading process that can offer investors fast and accurate trading as well as professional techniques and methods of stock trading. Here the paper tries to search out the impact of IT on the development of stock market as well as discusses its future prospects in India. To achieve the aforesaid, an extensive literature review has been done to get a clear understanding of the topic. All the information enclosed is that the secondary base and references are given where necessary.

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