---
title: "Market Foundations | Path 1 | RupeeCase Learn"
description: "Indian stock market basics: how NSE, BSE, SEBI and depositories work, how to read stock data and financial statements, and which costs and taxes apply."
source_url: "https://www.rupeecase.com/learn/path-1/"
---

[RupeeCase Learn](/learn/)/Path 01/Beginner

# Market Foundations

    Learn how Indian stock markets work, read financial statements, and understand orders and taxation.

* **5**modules
* **60 min**of reading
* **30**question path test
* **Free**with a certificate

    [Start at 1.1](/learn/path-1/module-1-1-how-indian-stock-markets-work)See the stops

      01The line

## 5 stops, in order.

      Start here if you have never read OHLC data or never calculated what a trade actually costs you after STT, brokerage, and GST. The plumbing of Indian equity markets, end to end.

      **0**of 5 done on this device

1. [1.5Orders, Costs & TaxationOrder types, STT, brokerage, STCG/LTCG12 min, path test](/learn/path-1/module-1-5-orders-costs-taxation)

2. [1.5Orders, Costs & TaxationOrder types, STT, brokerage, STCG/LTCG12 min, path test](/learn/path-1/module-1-5-orders-costs-taxation)

3. [1.5Orders, Costs & TaxationOrder types, STT, brokerage, STCG/LTCG12 min, path test](/learn/path-1/module-1-5-orders-costs-taxation)

4. [1.5Orders, Costs & TaxationOrder types, STT, brokerage, STCG/LTCG12 min, path test](/learn/path-1/module-1-5-orders-costs-taxation)

5. [1.5Orders, Costs & TaxationOrder types, STT, brokerage, STCG/LTCG12 min, path test](/learn/path-1/module-1-5-orders-costs-taxation)

    02Outcomes

## What you will be able to do.

* *01*Understand how NSE, BSE, SEBI, and depositories work together
* *02*Read OHLCV data, candlestick charts, and volume patterns
* *03*Interpret balance sheets, P&L statements, and cash flow
* *04*Calculate real trading costs including STT, brokerage, and taxes

    03Certificate

## Pass the path test.
Keep the proof.

    Complete the 5 module quizzes, then take the 30 question path test at the end of Module 1.5. Pass to earn your certificate as a PNG with your name on it.

1. **3**Get the certificateYour name, the path, the date, an ID and a QR code to verify it; PNG or PDF
2. **3**Get the certificateYour name, the path, the date, an ID and a QR code to verify it; PNG or PDF
3. **3**Get the certificateYour name, the path, the date, an ID and a QR code to verify it; PNG or PDF

    [Jump to the path test](/learn/path-1/module-1-5-orders-costs-taxation#pathTestSection)[About the certificates](/learn/certificates)

    04Questions

## About Path 01.

    What does Path 1, Market Foundations, cover?Path 1 covers how Indian markets work: BSE, NSE, SEBI and depositories, how to read stock data and financial statements, how Nifty 50 and Sensex work as benchmarks, and how orders, brokerage, STT and capital gains tax apply to a trade.

Do I need any investing experience to start Path 1?No. Path 1 is the Beginner path and starts from what you own when you buy a share and how the exchanges are organised. Every path is self-contained, but Paths 1 and 2 give the vocabulary used across the rest of the curriculum.

Where do I learn to read financial statements in Path 1?Module 1.4, Reading Financial Statements, covers the P&L, balance sheet, cash flow and key ratios. It follows Module 1.2 on stock data and comes before Module 1.5 on orders, costs and taxation.

    Explore next

## Where to go next.

* [CalculatorRule of 72Free, with the formula and a worked example](/learn/tools/rule-of-72)
* [CalculatorTracking errorFree, with the formula and a worked example](/learn/tools/tracking-error-calculator)
* [Blog noteWhy your sell is not cash yetBehaviour, a short note](/blog/2026-06-08-morning-t1-settlement/)
* [Blog noteThe index rewrites itselfCosts: MF, PMS, RupeeCase, a short note](/blog/2026-09-02-morning-the-index-rewrites-itself/)
* [GlossaryInvesting glossary, 91 termsPlain word definitions](/learn/glossary)

      Community

## Join my WhatsApp group.

      Scan the code, fillFill one short form, and join my WhatsApp group. Slides, sources, factsheets and the rebalance logs live there, and members join a daily Google Meet with me.

        [Sign up for RupeeCase](https://invest.rupeecase.com/signup)
        [Join the WhatsApp group](https://forms.gle/C6HMtM1Z2GfeocQV7)

      [One form, one group](https://forms.gle/C6HMtM1Z2GfeocQV7)Scan with your phone camera

    [Next pathPath 02: Systematic Investing FundamentalsIntermediate, 5 modules, 44 min](/learn/path-2/)
    [Pillar guideIndian Markets14 modules across paths 1, 6](/learn/indian-markets)
    [Apply it on RupeeCaseNifty 50 Equal WeightEntry level, lowest risk band on the lineup (resolved by the patcher at build time). Model, back tested.](/strategies/nifty-50-equal-weight)

  Education only, not investment advice. RupeeCase is a technology platform operated by QC Alpha Technologies Pvt Ltd; it is not a fund, a PMS or a SEBI registered investment adviser. Model returns are back tested and not a promise of future returns. Figures carry the date they were checked.