||Primary Market is also called New Issue Market (NIM).
||Secondary Market is also called After Issue Market.
||Primary Market is the marketplace where the securities are issued for the first time.
||Secondary Market is the marketplace where the second-hand securities are traded.
||In primary market, the securities are directly issued by the companies directly to the investors.
||In secondary market, the securities are sold by or transferred from one investor(Speculator) to another.
||The prices in the primary market are fixed and issued at par value.
||The prices in the secondary market vary depending with the demand and supply of the securities traded.
||The intermediaries in primary market are investment bankers or Underwriters who are involved in selling of the securities.
||The intermediaries in secondary market are brokers who are involved in trading of the securities in the secondary market.
||Primary Market provides financing to the new companies for their expansion and diversification.
||Since , secondary Market are not involved in transaction they do not provide financing to the companies.
||In primary market, the amount received from the securities are the income of the companies.
||In secondary market, the amount received from the securities are the income of the investors.
||In case of primary market, there is no specific physical existence or location.
||In case of secondary market, there is some physical existence.
||Primary market does not help to maintain liquidity.
||Secondary Market helps to maintain liquidity.