Market is a place where buyers and sellers meet. Stock market is a place where buyers and sellers of stock meet. A market is required to regulate trade and protect the interest of both the buyer and seller.
When an organization is converted into a Public Limited Company it decides to sell shares to general public. This is called Initial Public Offering (IPO) and it is primary market. Later the shares become available in the secondary markets. These secondary markets are governed by an apex body called SEBI. In India there are two stock exchanges namely, BSE and NSE.
Hi,
your answers are brief and appropriate, will be useful to recall.