In the stock market, there are two key types of markets:

• Primary Market: This is where new shares are issued for the first time. When a company goes public and offers its shares to investors through an IPO (Initial Public Offering), it happens in the primary market. Think of it as buying a new phone directly from the manufacturer.

• Secondary Market: This is where previously issued shares are bought and sold between investors. Once the shares are issued in the primary market, they are traded here. Think of it like buying a phone from someone else who already owns it.