variability with the variability in the stock market index. A higher variability would indicate higher systematic risk and vice versa. The systematic risk of a security is measured by a statistical measure called Beta. But dealing with the beta‚ there is a problem of reliability. That is‚ to what extent the calculated value of beta is reliable. This study deals with the beta estimation practice followed by Indian stock markets‚ with special
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the need for setting up an apex body for the first time‚ exclusively for investor protection and for the promotion of orderly and healthy growth of the securities market and constituted the Securities and Exchange Board of India on April 12‚ 1988. After the promulgation of the Securities and Exchange Board of India Ordinance on January 30‚ 1992. SEBI was established as a statutory body on February 21‚ 1992. SEBI Committees- 1. Technical Advisory Committee 2. Committee for review of structure of
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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
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Term financial market A financial market is a market in which financial assets are traded. In addition to enabling exchange of previously issued financial assets‚ financial markets facilitate borrowing and lending by facilitating the sale by newly issued financial assets. Examples of financial markets include the New York Stock Exchange (resale of previously issued stock shares)‚ the U.S. government bond market (resale of previously issued bonds)‚ and the U.S. Treasury bills auction (sales of newly
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Structure and Functionpdf print preview send to friend Membership: The Ghana Stock Exchange as a public company limited by guarantee has no owners or shareholders as such‚ but members are either corporate bodies or individuals. There are three categories of members‚ namely Licensed Dealing Members‚ Associate Members and Government Securities Dealers (PDs). An LDM is a corporate body licensed by the Exchange to deal in all securities. An Associate member is an individual or corporate body which
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P/2/2011 NSE WORKING PAPER Cost of Trading in Stock Exchanges: a Perspective Nirmal Mohanty November 2011 1 NSE Working Paper Cost of Trading in Stock Exchanges: a Perspective Prepared by Nirmal Mohanty1 November 2011 Abstract This paper attempts to make a case for Securities Transaction Tax (STT) rationalization. The paper finds‚ that of the three major components of cost of trading viz. user charges (brokerage fees‚ exchange transaction charges and DP chargers)‚ impact cost
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those who need it in one of three ways: • Direct transfers: occur when a business sells its stocks or bonds directly to savers without going through any type of financial institution. This is used primarily by small firms and doesn’t raise much capital. • Transfers also can go through an investment bank that underwrites the issue‚ or serves as middleman/facilitator. The company sells its stocks or bonds to the investment bank‚ which then sells these same securities to savers. Because new
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Securities and Exchange Board of India (SEBI) was established by the Government of India through an executive resolution. Securities and Exchange Board of India (SEBI) was first established in the year 1988 as a non-statutory body for regulating the securities market and was subsequently upgraded as a fully autonomous body on April 12‚ 1992 the Securities and Exchange Board Of India was constituted. It was constituted in accordance with the provisions of the Securities and Exchange Board Of India
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CLEARING AND SETTLEMENT CLEARING: Most stocks that are sold the “regular way” require delivery of certificates within three business days. On rare occasions a sale may be made as a “cash” transaction‚ requiring delivery the same day‚ or as a “seller’s option”‚ giving the seller the choice of any delivery day within a specified period (typically‚ no more than 60 days). On other occasions extensions to the three-day limit are granted. It would be extremely inefficient if every security
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by Manish Mohammed Yaseen Vishnu S Mohan CONTENTS I. EXECUTIVE SUMMARY……………………………………………………………….3 II. INTRODUCTION………………………………………………………………………...4 * CAPITAL MARKET REFORMS AND DEVELOPMENT…………………………...7 * STOCK MARKET INTRODUCTION…………………………………………………8 III. ACUMEN CAPITAL LTD………………………………………………………………10 IV. MIS SYSTEM IN THE COMPANY…………………………………………………….12 V. METHODS AND DATA USED………………………………………………………...17 VI. LIMITATIONS AND CHALLENGES…………………………………………………18
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