Share Market)

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Introduction Stock markets refer to a market place where investors can buy and sell stocks. The price at which each buying and selling transaction takes is determined by the market forces (i.e. demand and supply for a particular stock). Let us take an example for a better understanding of how market forces determine stock prices. ABC Co. Ltd. enjoys high investor confidence and there is an anticipation of an upward movement in its stock price. More and more people would want to buy this stock (i.e. high demand) and very few people will want to sell this stock at current market price (i.e. less supply). Therefore, buyers will have to bid a higher price for this stock to match the ask price from the seller which will increase the stock price of ABC Co. Ltd. On the contrary, if there are more sellers than buyers (i.e. high supply and low demand) for the stock of ABC Co. Ltd. in the market, its price will fall down. In earlier times, buyers and sellers used to assemble at stock exchanges to make a transaction but now with the dawn of IT, most of the operations are done electronically and the stock markets have become almost paperless. Now investors dont have to gather at the Exchanges, and can trade freely from their home or office over the phone or through Internet. History of the Indian Stock Market - The Origin Trading Pattern of the Indian Stock Market Indian Stock Exchanges allow trading of securities of only those public limited companies that are listed on the Exchange(s). They are divided into two categories: Types of Transactions

Transcript of Share Market)

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IntroductionStock markets refer to a market place where investors can buy and sell stocks. The price at which each buying and selling transaction takes is determined by the market forces (i.e. demand and supply for a particular stock).

Let us take an example for a better understanding of how market forces determine stock prices. ABC Co. Ltd. enjoys high investor confidence and there is an anticipation of an upward movement in its stock price. More and more people would want to buy this stock (i.e. high demand) and very few people will want to sell this stock at current market price (i.e. less supply). Therefore, buyers will have to bid a higher price for this stock to match the ask price from the seller which will increase the stock price of ABC Co. Ltd. On the contrary, if there are more sellers than buyers (i.e. high supply and low demand) for the stock of ABC Co. Ltd. in the market, its price will fall down.

In earlier times, buyers and sellers used to assemble at stock exchanges to make a transaction but now with the dawn of IT, most of the operations are done electronically and the stock markets have become almost paperless. Now investors dont have to gather at the Exchanges, and can trade freely from their home or office over the phone or through Internet.

History of the Indian Stock Market - The Origin

Trading Pattern of the Indian Stock MarketIndian Stock Exchanges allow trading of securities of only those public limited companies that are listed on the Exchange(s). They are divided into two categories:

Types of TransactionsThe flowchart below describes the types of transactions that can be carried out on the Indian stock exchanges:

Indian stock exchange allows a member broker to perform following activities:Act as an agent,Buy and sell securities for his clients and charge commission for the same,Act as a trader or dealer as a principal,Buy and sell securities on his own account and risk.

Over The Counter Exchange of India (OTCEI)Traditionally, trading in Stock Exchanges in India followed a conventional style where people used to gather at the Exchange and bids and offers were made by open outcry.

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This age-old trading mechanism in the Indian stock markets used to create many functional inefficiencies. Lack of liquidity and transparency, long settlement periods and benami transactions are a few examples that adversely affected investors. In order to overcome these inefficiencies, OTCEI was incorporated in 1990 under the Companies Act 1956. OTCEI is the first screen based nationwide stock exchange in India created by Unit Trust of India, Industrial Credit and Investment Corporation of India, Industrial Development Bank of India, SBI Capital Markets, Industrial Finance Corporation of India, General Insurance Corporation and its subsidiaries and CanBank Financial Services.

Advantages of OTCEIGreater liquidity and lesser risk of intermediary charges due to widely spread trading mechanism across IndiaThe screen-based scripless trading ensures transparency and accuracy of pricesFaster settlement and transfer process as compared to other exchangesShorter allotment procedure (in case of a new issue) than other exchangesNational Stock ExchangeIn order to lift the Indian stock market trading system on par with the international standards. On the basis of the recommendations of high powered Pherwani Committee, the National Stock Exchange was incorporated in 1992 by Industrial Development Bank of India, Industrial Credit and Investment Corporation of India, Industrial Finance Corporation of India, all Insurance Corporations, selected commercial banks and others.

NSE provides exposure to investors in two types of markets, namely:Wholesale debt marketCapital marketWholesale Debt Market - Similar to money market operations, debt market operations involve institutional investors and corporate bodies entering into transactions of high value in financial instrumets like treasury bills, government securities, commercial papers etc.

Trading at NSEFully automated screen-based trading mechanismStrictly follows the principle of an order-driven marketTrading members are linked through a communication networkThis network allows them to execute trade from their officesThe prices at which the buyer and seller are willing to transact will appear on the screenWhen the prices match the transaction will be completedA confirmation slip will be printed at the office of the trading memberAdvantages of trading at NSEIntegrated network for trading in stock market of IndiaFully automated screen based system that provides higher degree of transparencyInvestors can transact from any part of the country at uniform prices

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Greater functional efficiency supported by totally computerized network

The Bombay Stock Exchange is the oldest exchange in Asia. It traces its history to the 1850s, when four Gujarati and one Parsi stockbroker would gather under banyan trees in front of Mumbai's Town Hall. The location of these meetings changed many times, as the number of brokers constantly increased. The group eventually moved to Dalal Street in 1874 and in 1875 became an official organization known as 'The Native Share & Stock Brokers Association'. In 1956, the BSE became the first stock exchange to be recognized by the Indian Government under the Securities Contracts Regulation Act. The Bombay Stock Exchange developed the BSE SENSEX in 1986, giving the BSE a means to measure overall performance of the exchange. In 2000 the BSE used this index to open its derivatives market, trading SENSEX futures contracts. The development of SENSEX options along with equity derivatives followed in 2001 and 2002, expanding the BSE's trading platform. Historically an open outcry floor trading exchange, the Bombay Stock Exchange switched to an electronic trading system in 1995. It took the exchange only fifty days to make this transition. This automated, screen-based trading platform called BSE On-line trading (BOLT) currently has a capacity of 8 million orders per day. The BSE has also introduced the world's first centralized exchange-based internet trading system, BSEWEBx.co.in to enable investors anywhere in the world to trade on the BSE platform.[5] The BSE is currently housed in Phiroze Jeejeebhoy Towers at Dalal Street, Fort area.

Hours of operation

Session TimingBeginning of the Day Session8:30 - 9:00Pre-open trading session 9:00 - 9:15Trading Session 9:15 - 15:30Position Transfer Session 15:30 - 15:50Closing Session 15:50 - 16:05Option Exercise Session 16:05 -The hours of operation for the BSE quoted above are stated in terms the local time (GMT + 5:30). BSE's normal trading sessions are on all days of the week except Saturday, Sundays and holidays declared by the Exchange in advance.[4][edit]History

Introduction(from bse website) BSE Limited is the oldest stock exchange in Asia What is now popularly known as the BSE was established as "The Native Share & Stock Brokers' Association" in 1875.

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Over the past 135 years, BSE has facilitated the growth of the Indian corporate sector by providing it with an efficient capital raising platform.

Today, BSE is the world's number 1 exchange in the world in terms of the number of listed companies (over 4900). It is the world's 5th most active in terms of number of transactions handled through its electronic trading system. And it is in the top ten of global exchanges in terms of the market capitalization of its listed companies (as of December 31, 2009). The companies listed on BSE command a total market capitalization of USD Trillion 1.28 as of Feb, 2010.

BSE is the first exchange in India and the second in the world to obtain an ISO 9001:2000 certification. It is also the first Exchange in the country and second in the world to receive Information Security Management System Standard BS 7799-2-2002 certification for its BSE On-Line trading System (BOLT). Presently, we are ISO 27001:2005 certified, which is a ISO version of BS 7799 for Information Security.

The BSE Index, SENSEX, is India's first and most popular Stock Market benchmark index. Exchange traded funds (ETF) on SENSEX, are listed on BSE and in Hong Kong. Futures and options on the index are also traded at BSE.

BSE continues to innovate:Became the first national exchange to launch its website in Gujarati and Hindi and now MarathiPurchased of Marketplace Technologies in 2009 to enhance the in-house technology development capabilities of the BSE and allow faster time-to-market for new productsLaunched a reporting platform for corporate bonds christened the ICDM or Indian Corporate Debt MarketAcquired a 15% stake in United Stock Exchange (USE) to drive the development and growth of the currency and interest rate derivatives marketsLaunched 'BSE StAR MF' Mutual fund trading platform, which enables exchange members to use its existing infrastructure for transaction in MF schemes.BSE now offers AMFI Certification for Mutual Fund Advisors through BSE Training Institute (BTI)Co-location facilities for Algorithmic tradingBSE also successfully launched the BSE IPO index and PSU websiteBSE revamped its website with wide range of new features like 'Live streaming quotes for SENSEX companies', 'Advanced Stock Reach', 'SENSEX View', 'Market Galaxy', and 'Members'Launched 'BSE SENSEX MOBILE STREAMER'With its tradition of serving the community, BSE has been undertaking Corporate Social Responsibility (CSR) initiatives with a focus on Education, Health and Environment. BSE has been awarded by the World Council of Corporate Governance the Golden Peacock Global CSR Award for its initiatives in Corporate Social Responsibility (CSR).

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international financial services industry representatives continue to work with government officials to try and resolve significant issues related to the impact of the proposed Finance Bill, 2012, on the Indian capital markets. So far, two main areas of concern remain unresolved: the general anti-avoidance rule (Gaar) and the indirect transfer rules as they each apply to cross-border portfolio investments.

The Gaar provisions in particular bestow tremendous discretion upon the tax office to reconstruct transactions at later dates and in unpredictable ways. The foreign institutional investor (FII) community believes that the only solution is an unequivocal exemption for cross-border portfolio investments in Indian securities from both the Gaar and the indirect transfer rules.

It is clear that these proposed tax laws were written to address certain judicial decisions, but the overly broad nature of the draft provisions casts a wide net that will inadvertently capture non-targeted transactions and market participants. Government leaders have the ability to avoid these unintended consequences by following the international standard of exempting cross-border portfolio investments by FIIs from both Gaar and indirect transfer rules.

FIIs facilitate investments in India for clients and other investors and have a responsibility to ensure that these important constituencies understand the tax implications of such investments. As of March 16, 2012, FIIs had assets under custody of more than 10 trillion (over $200 billion), representing 17% of the capitalisation of Indian securities markets, or as much as 40% of the free-float on the Indian exchanges.

These assets are invested by broad-based global funds made up of the pensions and savings of ordinary people from around the world. In addition, these FIIs have invested 1.7 trillion ($32 billion) in Indian debt securities. Indeed, India's equity and debt markets compete with other markets in Asia and around the globe for a share of the world's investable savings.

India's economic success story is one factor that draws global capital to its shores. Ease of market access and a transparent and predictable tax system is another. The tax uncertainty now anticipated creates significant risk that these global funds will choose to avoid the Indian capital markets altogether and redirect their resources to other opportunities.

There is clear evidence that Indian equity markets are not handling this uncertainty well, with some financial institutions no longer making new investments and various international investors withdrawing their existing positions from the Indian markets. Since the announcement of Budget 2012 on March 16, net FII inflows have slowed dramatically, showing an effective daily average drop of 95% since March 16.

The reduced participation of FIIs has also had a perceptible impact on market volumes. Local brokerage houses are reporting a sharp drop-off in FII trading interest in general due to the Gaar uncertainty. The little activity that has taken place has mostly been to unwind positions so that funds can exit the Indian market altogether.

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The National Stock Exchange (NSE) (Hindi: रा�ष्ट्री�य शे�यरा बा�ज़ा�रा Rashtriya Śhare Bāzaār) is a stock exchange located at Mumbai, Maharashtra, India. It is the 16th largest stock exchange in the world by market capitalization and largest in India by daily turnover and number of trades, for both equities and derivative trading.[2] NSE has a market capitalization of around US$985 billion and over 1,646 listings as of December 2011.[3] Though a number of other exchanges exist, NSE and the Bombay Stock Exchange are the two most significant stock exchanges in India, and between them are responsible for the vast majority of share transactions. The NSE's key index is the S&P CNX Nifty, known as the NSE NIFTY (National Stock Exchange Fifty), an index of fifty major stocks weighted by market capitalisation.NSE is mutually owned by a set of leading financial institutions, banks, insurance companies and other financial intermediaries in India but its ownership and management operate as separate entities.[4] There are at least 2 foreign investors NYSE Euronext and Goldman Sachs who have taken a stake in the NSE.[5] As of 2006, the NSE VSAT terminals, 2799 in total, cover more than 1500 cities across India.[6] NSE is the third largest Stock Exchange in the world in terms of the number of trades in equities.[7] It is the second fastest growing stock exchange in the world with a recorded growth of 16.6%.[8]

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BusinessCompaniesInsuranceStocksFinanceBanksSchoolsLast Updated On: May 8, 2012Home » Banks» pnb-bank-branches» Punjab national bank DelhiSearchPunjab national bank Delhi

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Mayur Vihar Phase Ii Pocket E, &Nbsp;Dda Market, Mayur Vihar Phase Ii, Delhi 110091Delhi Greater Kailash Part I B-73, Greater Kailash-i - 110048Delhi,Wazirpur,Ashok Vihar 27210185,27412476 Sp Singh - Wazirpur, Ashok Vihar, Delhi Nd Delhi 11052Noida Sector 1 Sector-i, Noida, Delhi - 201301Delhi New, Bhikaiji Cama Pla 011-26196846,41 K.L.Jagga - Distt. New Delhi (Delhi) Dl DelhiDelhi, Kamla Nagar - 8-a, Kamla Nagar Dl Delhi 1100Vasant Vihar C Block C 15, C Block Market, Vasant Vihar ,New Delhi 110057Jangpura 603, Central Road Bhogal, Jangpura, New DelhiRani Bagh Wz 1061, Arya Samaj Road, Rani Bagh, New Delhi 110034Delhi New, Rajouri Garden 25412257,25415290 Anil Kumar Bhatia - J2/15a, B.K.Dutt Market Rajouri Garden Dl Nd 110027R.K. Puram Flat No. 1, Sector Iv Market, New Delhi 110022Nanak Pura 158, Mochi Gaon, Nanakpura, New Delhi 110021N-86 Janpath N-86 Janpath Cannaught Place, New Delhi-1Rana Pratap Bagh D-1, Rana Pratap Bagh, Delhi 110007Faridabad Nit - Nit Faridabad (Haryana) Dl DelhiDelhi New, Punjabi Bagh 011-25227736,0195 Anil Kumar Jain - 39&Amp;40 Central Market West Punjabi Bagh Dl Nd 110062Delhi New, Vikas Puri 011-25594225,53912 Khushi Ram Mina - Vikaspuri New Delhi Dl DelhiNew Delhi, Bengali Market 51 Babbar Road,Bengali Market, Delhi - 110001Delhi, Sarvodaya Enclave 26963132-0325 Vk Gupta - Sarvodya Enclave, New Delhi Dl DelhiDelhi Icd Tughlakabad Tuglakabad, New Delhi -110020Subzi Mandi Harphool Singh Building, Subzi Mandi, Clock Tower, Delhi 110007Delhi New, Rajinder Ng,Fire 28745022-28745492 N K Jairath - Distt. Delhi (Delhi) Dl DelhiShastri Nagar E 83, Shastri Nagar, New Delhi 110052Delhi, Vivek Vihar 22145365, 22145470 Gs Arora - A-5, Vivek Vihar, Phase-ii, Delhi Dl DelhiNew Delhi,Sarita Vihar 26952057,26951805 Pawan Kumar Sharma - Sarita Vihar, New Delhi Dl Delhi 110044Gurgaon, Udyog Vihar Phase-i 0124-2439013/2341514 Arun Aggarwal - Vats Market Udyog Vihar Phase-2 Dl DelhiDelhi New, Hari Nagar 25129741-28123679 Pardeep Kumar Sharma - Hari Nagar, New Delhi Dl DelhiIbb, Delhi New DelhiEast Of Kailash C Block Community Centre New Delhi - 65Delhi New, Shalimar Bagh 011-27471620,83616 Anand Sagar Madan - Shalimar Bagh Dl DelhiVasant Kunj Sec-c-1, Vasant Kunj, New Delhi - 110070Delhi New, Ece House 011-23321506,16212 Ashok Kumar Gupta - Ece House, Kg Marg New Delhi Dl Delhi

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Punjab National Bank (PNB) FOUNTAIN CHOWK, GURGAON 018800FOUNTAIN CHOWK, GURGAON, HARYANA - 122001

City: GURGAON District: GURGAONState: HARYANA 0124-2321926, 2335596, 2331730 VINAY KAPOORPunjab National Bank (PNB) RAMLILA GROUND, GURGAON 334200

RAMLILA GROUND, GURGAON, HARYANA

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City: GURGAON District: GURGAONState: HARYANA 0124-2322370, 2309491 PREETI SINGHPunjab National Bank (PNB) HAILEY MANDI, GURGAON 334700

HAILEY MANDI, GURGAON, HARYANA 122504

City: GURGAON District: GURGAONState: HARYANA 0124-2671029 N K JAINPunjab National Bank (PNB) DAV SEC 14, GURGAON 409900 DAV PUBLIC SCHOOL, SECTOR 14, GURGAON, HARYANA

City: GURGAON District: GURGAONState: HARYANA 0124-2334199Punjab National Bank (PNB) BHONDSI 412900 BHONDSI, GURGAON, HARYANA 122001

City: GURGAON District: GURGAONState: HARYANA 0124-2266007 KAMAL ARORAPunjab National Bank (PNB) HIGH VALUE, GURGAON 454200 MGF PLAZA MALL, MEHRAULI GURGAON ROAD, GURGAON, HARYANA 122002

City: GURGAON District: GURGAONState: HARYANA 9818103897 MUKESH OHRIPunjab National Bank (PNB) SEC - 10A, GURGAON 457800 SCO - 5, SECTOR - 10 - A, KHANDSA ROAD GURGAON HARYANA 122001

City: GURGAON District: GURGAONState: HARYANA 0124-2212280 RAKESH SINGHALPunjab National Bank (PNB) SUSHANT LOK, GURGAON 461400 SHOP NO - 14 GF, C BLOCK, SUSHANT LOK - I GURGAON, HARYANA 122002

City: GURGAON District: GURGAONState: HARYANA 0124-4273193, 4273194 SURESH ARORAPunjab National Bank (PNB) MID CORPORATE BRANCH, GURGAON 461500

JMD PACIFIC SQUARE, SECTOR I5 - II NH - 8, NEAR 32ND MILE STONE GURGAON, HARYANA 122001

City: GURGAON District: GURGAONState: HARYANA ANIL MAHAJAN

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Punjab National Bank (PNB) GURGAON, SECTOR - 4 478500 SCO NO - 15, HUDA MARKET SECTOR 4 GURGAON HARYANA 122001

City: GURGAON District: GURGAONState: HARYANA NANAK CHAND GAUTAM 0124-2251453Punjab National Bank (PNB) SEC 23A, HUDA MKT, GURGAON 484900

SCO 20P SECTOR 23 A , HUDA MKT GRAIN , BEHIND HP PETROL PUMP HARYANA 122001

City: GURGAON District: GURGAONState: HARYANA 0124-2365585 , 586Punjab National Bank (PNB) GURGAON, BACK OFFICE472500 FOUNTAIN CHOWK GURGAON HARYANA 122001

City: GURGAON District: GURGAONState: HARYANA 0124-2332036