Bull Market A market in which stock prices are rising.

Bear Market
A market in which stock prices are falling.

14. Bulls
Bulls are those brokers of stock exchange who are very optimistic of the rise in prices of securities. Hence, they go on buying shares in expectation of selling them at higher prices later. Thus, in a bull market there will be excess of purchase over sales. Bulls are also called 'Tejiwallas'.

15. Bears
Bears are those member brokers of stock exchange who are always pessimistic in approach. They expect a fall in prices of securities. Hence, they go on selling securities. They are also called Mandiwallas. A Bearish market refers to a market where prices of shares are falling continuously where there are excess of sales over purchases.

Stags
Stags are those members in share market who neither buy nor sell securities in stock exchange. They simply apply for subscription to new issues expecting to sell them at a higher price later when the issues are quoted on stock exchange. Generally, stags buy new issues and sell them on allotment or even before allotment for a profit. Since they act fast they are called stags - a fast runner.

Circuit breakers
Its a mechanism by which Stock Exchanges temporarily suspend the trading in a security when its prices are volatile and tend to breach the price band.