The stock market is a place where both buyers and sellers of stock meet together, this market is required to enhance a fair marketing process, the main motive of this market is to protect the interest of the investors and the traders. SEBI is the regulatory body which organizes the functioning of the stock markets, there are two stock markets in india like NSE and BSE where both are situated in Bombay.where SENSEX represents the average of BSE and NIFTY provides the average of NSE.
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In response to your question
In terms of similarities – Buying and selling happens, price depends on demand and supply. in terms of difference – no physical product is involved, it is a regulated market.