Capital market is a financial market where long-term debt or equity-backed securities are bought and sold. It is a market where buyers and sellers come together to trade stocks, bonds, currencies, and other financial assets. Capital markets channel the wealth of savers to those who can put it to long-term productive use, such as companies or governments making long-term investments. The main entities seeking to raise long-term funds on the primary capital markets are governments and business enterprises. Governments issue only bonds, whereas companies often issue both equity and bonds. Capital markets can be either primary or secondary markets. In a primary market, new stock or bond issues are sold to investors, often via a mechanism known as underwriting. The most common capital markets are the stock market and the bond market. Capital markets bring borrowers and lenders together in efficient ways and help channel resources to create a healthy national and global economy. They provide essential funding that affects peoples lives in many ways, from starting a business to expanding a current one, or providing investment opportunities for people planning for their future. Financial regulators like Securities and Exchange Board of India (SEBI), Bank of England (BoE), and the U.S. Securities and Exchange Commission (SEC) oversee capital markets to protect investors against fraud, among other duties.