Integration of global markets with indian markets
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Transcript of Integration of global markets with indian markets
Integration of Global Markets with Indian
Markets
Criteria for Integration
Country Turnover
Market Capitalization
High & Lows of Country Index
Level
Listed Securities
Indices Circuit Filters
Country Turnover & Market Capitalization
US (Developed Countries)
Hong Kong (Developed Countries)
UK (Developed Countries)
India (Developing Countries)
China(Developing Countries)
Listing of SecuritiesMarkets 2006 2007 2008
US 5133 5130 5603
Hong Kong 1021 1029 1017
India 4796 4887 4921
China 1440 1530 1604
Listed Companies in world
USA
Hong Kong
India
China
0 1000 2000 3000 4000 5000 6000
Listed Companies
2008 2007 2006
High & Low of World Indices
Indices Lows Highs Variations
Dow Jones 6547.05 14164.53 116.35%
FTSE 1268.64 2859.12 125.37%
Hang Sang 11015.84 31638.22 187.21%
Nifty 50 2524.20 6287.85 149.10
World Indices
Parameters BSE NSE NYSE HANG SANG
Name Sensex Nifty Dow Jones Hang Sang
No of Companies
30 50 30 33
Method of Calculation
Free float market capitalization method
Weighted Average Method
Weighted Average Method
Weighted Market Capitalization Method
Circuit Filters
Exchange Percentage change to trigger circuit breakers
NSE Market Wide3 Stage- 10,15,20% on index Movement
Individual Scrip2,5,10,20% depending upon various type of scrips
Tokyo Stock Exchange 2 Stages- 5,10%
NYSE 3 Stages- 10,20,30%(Set Every Quarter)
Korean Stock Exchange Single Stage- 10%
Price Relationship Between World Market
World Indices Movement