[00:04] what the stock market is. Like I gave you the example of Shark Tank, basically, whatever you know about the stock market till date, we will put that aside for a bit and understand exactly what the market is. The simple meaning of the market is
[00:16] simple meaning of the market is that a business owner needs capital to operate. So, whatever you have seen or heard till date about this much profit, this much loss, all those things come later. The real purpose of the stock market is
[00:31] needs money to operate. What is in what you are seeing on your screen? Whenever you linked to your bank account. So, you have to keep in mind that first of all, to open a demat account, you must be above 10 years of age and you must have a PAN
[00:46] card, which is a permanent account number. After that, your demat account will be opened. Now we will discuss trading and demat account in the next slide, but first, let's understand the concept of the market.
[00:58] How does money move in the market? Now suppose you have opened a trading and demat account, it will be linked to your bank account or savings bank account. Keep in mind that it should not be a current account. Your trading and demat account will be
[01:11] to the trading account. You can see in the middle, this area is for the trading account. Demat account, we will come to it later. So, first of all, the money will go from your bank account to the trading account. Suppose you have transferred 00 trading account
[01:26] from your bank account to the trading account. Now as soon as you place an order that I want to buy some shares, then your order placement will be done with whichever exchange. When your order is completed,
[01:43] you will get the confirmation from the exchange in your trading account. So, this is the trading account. Now the money will be debited from your account and the shares you bought will reach your demat account and the money will reach there. Now suppose you buy some shares
[01:58] and sell those shares to me, then you will put the money from your bank in the trading demat and you will place an order in the exchange to buy shares.  Now I am selling shares, so if buy shares.  Now I am selling shares, so if I sell shares, then what did you get in return for the
[02:11] money that was deducted from your account and came to the exchange, you bought the shares by paying the and I am a seller, what happened to me, I sold the stocks and what did I get in
[02:26] I sold the stocks and what did I get in return for that stock, the money came from your bank account to my bank account, after going through the entire exchange and stock broker, and the shares were withdrawn from my demat account, and went to the stock
[02:38] broker exchange, from the exchange it went to the stock broker and those shares reached your demat account, so this is a complete cycle.