It is good that you are willing to invest in stock market. First point, One vital suggestion that before investing you should have good enough knowledge of share markets as well as the technical terms related to shares and scripts.
You should have three things before investing.
1. Trading Account (Online/Desk Trading/Tele Trading)
2. Demat Account
3. Saving account with bank
Trading account is the account used for trading purpose, you need to open trading account with the brokerage house whicever you choose. There will be some charges for acoount opeining. It varies upon company to company. For that you need to have following document.
- PAN Card
- ID/Address Proof (Driving License, Electricity/Phone(landline) Bill, Voter ID card).
- DOB Proof (Birht Certificate, Attested copy of Secondary marksheet)
- Passport size photographs (2-3 in numbers)
After trading account simultaneously your demat account will be opened. You need to sign more than 50 times, that is really boring.
Third and last one is Saving bank account with internet banking enabled, if you already have then it can be associated with your trading account. Otherwise they themself will open account for you.
Procedure of trading :
Delievery: If you purchase/sell any shares and you don't sell it same day till the market close. Then it is called delievery. It means that you want to keep the shares with you.
Intra Day: If you purchase a share and sell it on the same day before the market closes and you take the difference with you.
While investing in share market only long term investment will give you smart returns.So any shares you purchase you should keep it with you for long time.
The sectors which are being recommended are: power, infrastructure, oil & gas, banking.
Golden rule of share market : Have patience and Invest after looking fundamentals.
Hope this information will help you out for investing in share market.
With warm Regards