Fundaental Analysis of Nifty Fifty
CHAPTER-1
INDUSTRY PROFILE
FINANCIAL SERVICES
Financial services are the economic services provided by the finance industry, which encompasses a broad range of organizations that manage money, including credit unions, banks, credit card companies, insurance companies, consumer finance companies, stock brokerages, investment funds and some government sponsored enterprises.
INDIAN STOCK BROKING INDUSTRY
The Indian broking industry is one of the oldest trading industries that have been around even before the establishment of BSE in 1875. BSE is the oldest stock market in India. The history of India stock trading starts with 318 persons taking membership in Native share and Stock Brokers Association, which we know by the name Bombay Stock Exchange or BSE in short. In 1965, BSE got permanent recognition from the Government of India. BSE and NSE represent themselves as synonyms of India stock market. The history of India stock market is almost the same as the history of BSE
The regulations and reforms laid down in the equity market has resulted in rapid growth and development .Basically the growth in the equity market is largely due to the effects intermediaries. The broking houses not only act as an intermediate link in the equity market but also in the commodity market, the foreign currency exchange market and many more. The broking houses have also made an impact on foreign investors to invest in India to a certain extent. In the last decade, the Indian brokerage industry has undergone a dramatic transformation..Large and fixed commissions have been replaced by wafer thin margins , with competition driving down the brokerage fee , in some cases to a few basis points. There have also been major changes in the way the business is conducted. The scope of services has enhanced from being equity products to a wide range of financial services.
FINANCIAL PRODUCTS The survey also revealed that in the past couple of years, apart from trading, the firms have started
INDUSTRY PROFILE
FINANCIAL SERVICES
Financial services are the economic services provided by the finance industry, which encompasses a broad range of organizations that manage money, including credit unions, banks, credit card companies, insurance companies, consumer finance companies, stock brokerages, investment funds and some government sponsored enterprises.
INDIAN STOCK BROKING INDUSTRY
The Indian broking industry is one of the oldest trading industries that have been around even before the establishment of BSE in 1875. BSE is the oldest stock market in India. The history of India stock trading starts with 318 persons taking membership in Native share and Stock Brokers Association, which we know by the name Bombay Stock Exchange or BSE in short. In 1965, BSE got permanent recognition from the Government of India. BSE and NSE represent themselves as synonyms of India stock market. The history of India stock market is almost the same as the history of BSE
The regulations and reforms laid down in the equity market has resulted in rapid growth and development .Basically the growth in the equity market is largely due to the effects intermediaries. The broking houses not only act as an intermediate link in the equity market but also in the commodity market, the foreign currency exchange market and many more. The broking houses have also made an impact on foreign investors to invest in India to a certain extent. In the last decade, the Indian brokerage industry has undergone a dramatic transformation..Large and fixed commissions have been replaced by wafer thin margins , with competition driving down the brokerage fee , in some cases to a few basis points. There have also been major changes in the way the business is conducted. The scope of services has enhanced from being equity products to a wide range of financial services.
FINANCIAL PRODUCTS The survey also revealed that in the past couple of years, apart from trading, the firms have started