Indian securities market and the role of Sharekhan

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Indian securities market and the role of Sharekhan

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Abstract

Securities market has essentially three categories of participants, namely the issuer of securities, investors in securities and the intermediaries, and two categories of products, namely the services of the intermediaries, the securities including derivatives. The securities market has two interdependent and inseparable segments, the new issues (primary market) and the stock (secondary market). The primary market provides the channel for sale of new securities while the secondary market deals in securities previously issued. An important early event in the development of the stock market in India was the formation of the Native Share and Stock Brokers' Association at Bombay in 1875, the precursor of the present-day Bombay Stock Exchange. This was followed by the formation of associations /exchanges in Ahmedabad (1894), Calcutta (1908), and Madras (1937). IN addition, a large number of ephemeral exchanges emerged mainly in buoyant periods to recede into oblivion during depressing times subsequently.

While the recognized stock exchanges have been accorded a privileged position, they are subject to government supervision and control. The rules of recognized stock exchanges relating to the managerial powers of the governing body, admission, suspension, expulsion, and re-admission of its members, appointment of authorized representatives and clerks, so on and so forth have to be approved by the government. These rules can be amended, varied or rescinded only with the prior approval of the government. The Securities Contracts (Regulation) Act vests the government with the power to make inquiries into the affairs of a recognized stock exchange and its business, withdraw the recognition the task of regulating the stock exchange to the Securities Exchanges Board of India.

Introduction
1. The origin of the organization
2. The development of the organization
The fundamentals of stock market
Ten golden rules for investing
The basics of trading systems
The definition of offline trading system
1. Merits
2. Demerits
The definition of online trading system
The beginning of Internet trading in India
Company profile
1. Corporate structure
2. Origin of the company
3. Vision, mission and the core value of the company
4. SWOT analysis
Product of profile of the company
Other major players in the share market industry
Research methodology
1. Primary objective
2. Secondary objective
Findings & recommendation
Bibliography
Conclusion

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[...] A stock broker plays a very important role in the secondary market helping both the seller and the buyer of the securities to enter into a transaction. The buyer and seller may be either a broker or a client. The transaction entered cannot be annulled except in the case of fraud, willful misrepresentation or upon prima-facie evidence of a material mistake in the transaction, in the judgment of the existing authorities. If a member of the stock exchange (broker) has orders to buy and to sell the same kind of securities, he may complete the transaction between his clients concerned. [...]

[...] Sharekhan needs to fill up these gaps, which are traditionally identified by Berry, Zeith and Parshuraman to improve the quality of the services offered by a company PRODUCTION TO DERIVATIVES 7.1 Introduction to derivatives The emergence of the market for derivative products, most notably forwards, futures and options, can be traced back to the willingness of risk-averse economic agents to guard themselves against uncertainties arising out of fluctuations in asset prices. By their very nature, the financial markets are marked by a very high degree of volatility. [...]

[...] In Asia Money Brokers Poll 2003 MOSt has been rated as the Best Domestic Research House- Mega Funds, while in 2000 and 2002 it has been rated as the Best Domestic Equity Research House and Second best amongst Indian Brokerage firms respectively HDFC Securities Ltd (HDFC sec) HDFCsec is a brand brought to you by HDFC Securities Ltd, which has been promoted by the HDFC Bank & HDFC with the objective of providing the diverse customer base of the HDFC Group and other investors a capability to transact in the Stock Exchanges & other financial market transactions. [...]

[...] Besides, through Internet trading three fundamental objectives of securities regulation can be easily achieved, these are: Investor protection, creation of a fair and efficient market and, reduction of the systematic risks Procedure for Internet trading: Step-1: Those investors interested in doing the trading over internet system, that is, NEAT-ISX, should approach the brokers and register with the Stock Broker. Step-2: After registration, the broker will provide to them a login name, password and a personal identification number (PIN). Step-3: Actual placement of an order. [...]

[...] RESEARCH METHODLOGY Primary Objective The main objective of the study is to analysis the CUSTOMER BUYING PREFERANCE and their potential market among the people of Ahmedabad City. Secondary Objectives To know the awareness of Stock Trading. To know the scope for the Sharekhan. To know the investment habit of the people of Ahmedabad City. To know the purpose of investing in Share Market. To know the influencing force behind the decision making while at a time of trading. To find out the medium which is the best suitable for trading in stock market. [...]

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