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Journal of Commerce and Management Thought
Year : 2014, Volume : 5, Issue : 3
First page : ( 446) Last page : ( 458)
Print ISSN : 0975-623X. Online ISSN : 0976-478X.
Article DOI : 10.5958/0976-478X.2014.00333.4

The Study of Micro Structure in Indian Stock Market

Ighe Sandip

Research Scholar, Department of Commerce and Research Centre, University of Pune. Email: sandip.frd@gmail.com

Online published on 3 July, 2014.


Microstructure is price discovery mechanism under set of the rules. It studies frictions in trading process and tries to sort out the problem to make market smooth and orderly. Indian stock market has been continuously under reform to make strong market microstructure. Electronic trading has reduced frictions in stock market but still some areas require improvement. This paper has been tried to find out the critical areas in Indian stock market microstructure and its impact on the trading process.



Market Microstructure, Continuous auction, Call auction, Electronic limit order book (ELOB), Clearing house.


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