The Indian stock market is a platform where shares of publicly traded companies are bought and sold. It consists of two main exchanges: the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE). Investors can trade stocks, bonds, and other financial instruments, allowing companies to raise capital and individuals to invest for potential returns. The market operates under regulations set by the Securities and Exchange Board of India (SEBI), ensuring fair practices and protecting investors. It plays a crucial role in the Indian economy by facilitating investment and providing companies with access to funds for growth and expansion.