What are the objectives of capital market?

Objective of capital market

These are markets specialising in long-term lending to other companies so that their capital needs can be met.  These include stock exchange, insurance companies, unit and investment trusts, pension funds, finance houses, merchant banks (issuing houses), or the Agricultural Development Bank.  Functions of capital market 1. Raise capital for industry 2. Provide liquidity for financial instruments that trade in a secondary market