East India Company stocks were initially exchanged in India in the seventeenth century. India's capital market began to take shape. A long trip has been taken by the stock market in India since then. The capital market is now more developed, organized, globalized, and reasonably interconnected. With regard to technology, value, cumulative volume of business, and other factors, India has one of the top stock markets in the world. The entire market capitalization value of our Indian equity equities was about Rs.28,238,248 crores as of December 31, 2023. Significant regulatory reforms have been implemented recently by SEBI. The limit for retail equity investors was increased to Rs.2 lakh from Rs.1 lakh, the issue-listing time frame was shortened to 3 days, pre-market auction proceedings were opened, the stock exchange's trading hours were extended, the price discovery mechanism was improved, ASBA was introduced in IPOs, smart technology was applied to trading, and anchor investors were permitted in IPOs, among other changes. Furthermore, the essential frameworks for trade, disclosure, monitoring, and regulation are all in place. Therefore, the SEBI ought to shift its focus from daily regulations to more imaginative ones. With the next round of reforms, India may join the elite group of top global capital markets with the help of SEBI, which can ensure a free and fair market. It must carefully examine its composition and operation in order to make this possible. The SEBI must strike a balance between market expansion and regulatory expenses. Cross-border collaboration between different regulators as well as between regulators and business is necessary.