What Is the Stock Market?

What is the Stock Market? — Learning Sutras Understanding Share Market Terms Introduction to Stock Market Terms: Champak

What is the Stock Market? — Beginner Guide

📅 Oct 24, 2025⏱ ~12 min
Keywords: Stock Market • Shares • Investing • Index • Market Cap

Introduction — start at the very beginning

This page explains key terms and then shows an interactive index calculator. Every arithmetic step is visible so absolute beginners can follow the math.

Basic terms

Stock / Share — a piece of ownership in a company.

Price — current value of one share (e.g., ₹500).

Shares outstanding — total number of shares issued by a company.

Market cap = Price × Shares outstanding (we use crores for shares in this demo).

Market Cap = Price per Share × Shares Outstanding

What is an index?

A single number summarizing performance of a group of stocks. Simplified formula:

Index = (Current total market cap / Base total market cap) × Base index value

Interactive — Champak 5 Index

Company Price (₹) Shares (cr) Market Cap (₹ cr) Weight
Base total market cap
Base index value
Current Total Market Cap
Champak 5 Index
Formula
Index = (Current Total / Base Total) × Base Index
Step-by-step (automatic):
1) Market caps:
2) Total:
3) Formula with numbers:

Explanation — why steps matter

Larger companies (by market cap) have bigger effect on the index. The base total and base index value let us show a friendly number (like 100) instead of a very large raw total.

More & Coming next

Next
History of NSE, BSE & SEBI
In the next post: how Indian markets evolved and how SEBI protects investors.
© 2025 Learning Sutras — Champak Roy

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