What is Ticker?

Stock tickers serve as a concise summary of required data related to the stocks actively traded in the market. Before the advent of electronic trading, paper ticker tapes served as a means to efficiently relay company information to investors. They acted as a convenient method for disseminating information, a practice that has since transitioned into the digital digital world. In contemporary times, a ticker is a dynamic display featuring combinations of letters and numbers, accompanied by percentages and fluctuations, continuously streaming on a screen, offering real-time insights into the current market conditions.

The introduction of tickers has significantly enhanced the efficiency of stock trading and the recognition of stocks, particularly when two companies share similar names. Consequently, standardizing suffixes has become a common practice when a company has multiple classes of shares listed and actively traded. In this manner, tickers play a pivotal role in providing up-to-the-minute trading status updates for stocks listed on various stock exchanges.

Purpose of Tocker Symbols

Ticker symbols offer concise abbreviations that aid investors and analysts in swiftly identifying stocks and accessing vital information like stock splits, dividend data, earnings reports, and more. Some Indian companies, particularly those with multiple classes of shares, employ distinct symbols on the same stock market. 

An illustrative example is Reliance Industries Limited, a prominent Indian conglomerate. It trades under the symbols RELIANCE and RELIANCEP, representing the company's equity shares and preference shares, respectively. These ticker symbols also facilitate the categorization of share types traded on various Indian stock exchanges. They are structured differently across different indices, simplifying their retrieval on trading platforms and stock exchange websites