Stock market is divided into primary and secondary market. Primary market is meant for IPO and secondary market is meant for trading in shares like futures, options… Stock market is regulated by SEBI which is governed by SEBI and companies act.shares are traded in the form of forward, futures, options. BSE And NSE are stock exchanges in india and their index is SENSEX and NIFTY.NSE is more popular in india.Bonus,face value and strips are irrelevent for trading in shares.