The Bombay Stock Exchange (BSE) is located in Mumbai and is the oldest stock exchange in India, established in 1875. It was the first stock exchange in Asia and is now the 11th largest in the world by market capitalization. Over 5,000 companies are listed on BSE. BSE pioneered electronic trading in India and today offers various trading platforms and indices like SENSEX. It works to provide best-in-class services and products to investors globally.
The global financial crisis has re-emphasised the impact of volatility on portfolios. Post the financial
crisis investors started exploring various options to hedge their portfolios against changing
volatility. Focus to index exposure, diversifying across asset-classes and volatility as one of the
asset classes have emerged. Exchange traded products on volatility have picked up.
Volatility can be measured through volatility indices. The first volatility index was VIX introduced at
CBOE. The volatility index is also introduced in several developed and emerging markets. These
volatility indices are measure of market expectation of volatility over a short-term period.
In India, National Stock Exchange of India Ltd has constructed a volatility index called India VIX*
Derivatives on Volatility Indices
Globally exchanges are offering derivative products based on the volatility index. These products
have become quite popular among the participants as it expands the opportunities available to
participants and provide efficient means to hedge against volatility. Some studies have also shown
that derivatives on volatility indices can be useful for portfolio diversification and hedging.
Volatility indices enable market participants to trade expected changes in market volatility in a
single transaction. Investors expecting rising volatility levels will go long, whereas investors
expecting decline in volatility will be short.
Trading Volatility with India VIX Futures
India VIX Futures enables participants to more easily hedge, trade and arbitrage the expected
volatility. Benefits of India VIX futures are as under:
India VIX futures can be used to hedge equity portfolios
Investors can diversify the portfolio by adding India VIX futures
Option traders can hedge Vega risk in their option portfolios
Investors will be able to take directional views on volatility
Calendar spread trading can be explored across weekly contracts.
In November 1992, the first electronically traded Stock Exchange of India was established which is called as NSE (National Stock Exchange).Within few years of operation ,the NSE has become the largest stock exchange in India.
Find the list of the private banks in indiamapsofindia
With the issue of ordinance in India the nationalized banks list included the Punjab National Bank, Central Bank of India, Canara Bank and Allahabad Bank. Later 6 more banks joined the list of nationalized banks.
Case Study On Financial Inclusion Programme Carried Out By Banks In India Wit...VARUN KESAVAN
State Bank of India (SBI) is an Indian multinational, public sector banking and financial services company. It is a government-owned corporation with its headquarters in Mumbai, Maharashtra. As of 2016-17, it had assets of ₹30.72 trillion (US$460 billion) and more than 14,000 branches, including 191 foreign offices spread across 36 countries, making it the largest banking and financial services company in India by assets.[3][4][5] The company is ranked 232nd on the Fortune Global 500 list of the world's biggest corporations as of 2016.[6]
The bank traces its ancestry to British India, through the Imperial Bank of India, to the founding, in 1806, of the Bank of Calcutta, making it the oldest commercial bank in the Indian subcontinent. Bank of Madras merged into the other two "presidency banks" in British India, Bank of Calcutta and Bank of Bombay, to form the Imperial Bank of India, which in turn became the State Bank of India in 1955.[7] Government of India owned the Imperial Bank of India in 1955, with Reserve Bank of India (India's Central Bank) taking a 60% stake, and renamed it the State Bank of India. In 2008, the government took over the stake held by the Reserve Bank of India.
State Bank of India is a banking behemoth and has 20% market share in deposits and loans among Indian commercial banks.[8]
The global financial crisis has re-emphasised the impact of volatility on portfolios. Post the financial
crisis investors started exploring various options to hedge their portfolios against changing
volatility. Focus to index exposure, diversifying across asset-classes and volatility as one of the
asset classes have emerged. Exchange traded products on volatility have picked up.
Volatility can be measured through volatility indices. The first volatility index was VIX introduced at
CBOE. The volatility index is also introduced in several developed and emerging markets. These
volatility indices are measure of market expectation of volatility over a short-term period.
In India, National Stock Exchange of India Ltd has constructed a volatility index called India VIX*
Derivatives on Volatility Indices
Globally exchanges are offering derivative products based on the volatility index. These products
have become quite popular among the participants as it expands the opportunities available to
participants and provide efficient means to hedge against volatility. Some studies have also shown
that derivatives on volatility indices can be useful for portfolio diversification and hedging.
Volatility indices enable market participants to trade expected changes in market volatility in a
single transaction. Investors expecting rising volatility levels will go long, whereas investors
expecting decline in volatility will be short.
Trading Volatility with India VIX Futures
India VIX Futures enables participants to more easily hedge, trade and arbitrage the expected
volatility. Benefits of India VIX futures are as under:
India VIX futures can be used to hedge equity portfolios
Investors can diversify the portfolio by adding India VIX futures
Option traders can hedge Vega risk in their option portfolios
Investors will be able to take directional views on volatility
Calendar spread trading can be explored across weekly contracts.
In November 1992, the first electronically traded Stock Exchange of India was established which is called as NSE (National Stock Exchange).Within few years of operation ,the NSE has become the largest stock exchange in India.
Find the list of the private banks in indiamapsofindia
With the issue of ordinance in India the nationalized banks list included the Punjab National Bank, Central Bank of India, Canara Bank and Allahabad Bank. Later 6 more banks joined the list of nationalized banks.
Case Study On Financial Inclusion Programme Carried Out By Banks In India Wit...VARUN KESAVAN
State Bank of India (SBI) is an Indian multinational, public sector banking and financial services company. It is a government-owned corporation with its headquarters in Mumbai, Maharashtra. As of 2016-17, it had assets of ₹30.72 trillion (US$460 billion) and more than 14,000 branches, including 191 foreign offices spread across 36 countries, making it the largest banking and financial services company in India by assets.[3][4][5] The company is ranked 232nd on the Fortune Global 500 list of the world's biggest corporations as of 2016.[6]
The bank traces its ancestry to British India, through the Imperial Bank of India, to the founding, in 1806, of the Bank of Calcutta, making it the oldest commercial bank in the Indian subcontinent. Bank of Madras merged into the other two "presidency banks" in British India, Bank of Calcutta and Bank of Bombay, to form the Imperial Bank of India, which in turn became the State Bank of India in 1955.[7] Government of India owned the Imperial Bank of India in 1955, with Reserve Bank of India (India's Central Bank) taking a 60% stake, and renamed it the State Bank of India. In 2008, the government took over the stake held by the Reserve Bank of India.
State Bank of India is a banking behemoth and has 20% market share in deposits and loans among Indian commercial banks.[8]
I am Geetika Shrivastava (Mba finance) Collage name: International School of Management and Research, Pune Location: Pune, India. Indian stock market journey 1996 to 2016. we covered our Indian stock market BSE and NSE. The history of bse and nse.
0601024 equity research fundamental and technical analysis and its impact on...Supa Buoy
Hi Friends
This is supa bouy
I am a mentor, Friend for all Management Aspirants, Any query related to anything in Management, Do write me @ supabuoy@gmail.com.
I will try to assist the best way I can.
Cheers to lyf…!!!
Supa Bouy
0601024 equity research fundamental and technical analysis and its impact on...Supa Buoy
Hi Friends
This is supa bouy
I am a mentor, Friend for all Management Aspirants, Any query related to anything in Management, Do write me @ supabuoy@gmail.com.
I will try to assist the best way I can.
Cheers to lyf…!!!
Supa Bouy
Affordable Stationery Printing Services in Jaipur | Navpack n PrintNavpack & Print
Looking for professional printing services in Jaipur? Navpack n Print offers high-quality and affordable stationery printing for all your business needs. Stand out with custom stationery designs and fast turnaround times. Contact us today for a quote!
Improving profitability for small businessBen Wann
In this comprehensive presentation, we will explore strategies and practical tips for enhancing profitability in small businesses. Tailored to meet the unique challenges faced by small enterprises, this session covers various aspects that directly impact the bottom line. Attendees will learn how to optimize operational efficiency, manage expenses, and increase revenue through innovative marketing and customer engagement techniques.
Unveiling the Secrets How Does Generative AI Work.pdfSam H
At its core, generative artificial intelligence relies on the concept of generative models, which serve as engines that churn out entirely new data resembling their training data. It is like a sculptor who has studied so many forms found in nature and then uses this knowledge to create sculptures from his imagination that have never been seen before anywhere else. If taken to cyberspace, gans work almost the same way.
Premium MEAN Stack Development Solutions for Modern BusinessesSynapseIndia
Stay ahead of the curve with our premium MEAN Stack Development Solutions. Our expert developers utilize MongoDB, Express.js, AngularJS, and Node.js to create modern and responsive web applications. Trust us for cutting-edge solutions that drive your business growth and success.
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LA HUG - Video Testimonials with Chynna Morgan - June 2024Lital Barkan
Have you ever heard that user-generated content or video testimonials can take your brand to the next level? We will explore how you can effectively use video testimonials to leverage and boost your sales, content strategy, and increase your CRM data.🤯
We will dig deeper into:
1. How to capture video testimonials that convert from your audience 🎥
2. How to leverage your testimonials to boost your sales 💲
3. How you can capture more CRM data to understand your audience better through video testimonials. 📊
Discover the innovative and creative projects that highlight my journey throu...dylandmeas
Discover the innovative and creative projects that highlight my journey through Full Sail University. Below, you’ll find a collection of my work showcasing my skills and expertise in digital marketing, event planning, and media production.
Putting the SPARK into Virtual Training.pptxCynthia Clay
This 60-minute webinar, sponsored by Adobe, was delivered for the Training Mag Network. It explored the five elements of SPARK: Storytelling, Purpose, Action, Relationships, and Kudos. Knowing how to tell a well-structured story is key to building long-term memory. Stating a clear purpose that doesn't take away from the discovery learning process is critical. Ensuring that people move from theory to practical application is imperative. Creating strong social learning is the key to commitment and engagement. Validating and affirming participants' comments is the way to create a positive learning environment.
Kseniya Leshchenko: Shared development support service model as the way to ma...Lviv Startup Club
Kseniya Leshchenko: Shared development support service model as the way to make small projects with small budgets profitable for the company (UA)
Kyiv PMDay 2024 Summer
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Youtube – https://www.youtube.com/startuplviv
FB – https://www.facebook.com/pmdayconference
Memorandum Of Association Constitution of Company.pptseri bangash
www.seribangash.com
A Memorandum of Association (MOA) is a legal document that outlines the fundamental principles and objectives upon which a company operates. It serves as the company's charter or constitution and defines the scope of its activities. Here's a detailed note on the MOA:
Contents of Memorandum of Association:
Name Clause: This clause states the name of the company, which should end with words like "Limited" or "Ltd." for a public limited company and "Private Limited" or "Pvt. Ltd." for a private limited company.
https://seribangash.com/article-of-association-is-legal-doc-of-company/
Registered Office Clause: It specifies the location where the company's registered office is situated. This office is where all official communications and notices are sent.
Objective Clause: This clause delineates the main objectives for which the company is formed. It's important to define these objectives clearly, as the company cannot undertake activities beyond those mentioned in this clause.
www.seribangash.com
Liability Clause: It outlines the extent of liability of the company's members. In the case of companies limited by shares, the liability of members is limited to the amount unpaid on their shares. For companies limited by guarantee, members' liability is limited to the amount they undertake to contribute if the company is wound up.
https://seribangash.com/promotors-is-person-conceived-formation-company/
Capital Clause: This clause specifies the authorized capital of the company, i.e., the maximum amount of share capital the company is authorized to issue. It also mentions the division of this capital into shares and their respective nominal value.
Association Clause: It simply states that the subscribers wish to form a company and agree to become members of it, in accordance with the terms of the MOA.
Importance of Memorandum of Association:
Legal Requirement: The MOA is a legal requirement for the formation of a company. It must be filed with the Registrar of Companies during the incorporation process.
Constitutional Document: It serves as the company's constitutional document, defining its scope, powers, and limitations.
Protection of Members: It protects the interests of the company's members by clearly defining the objectives and limiting their liability.
External Communication: It provides clarity to external parties, such as investors, creditors, and regulatory authorities, regarding the company's objectives and powers.
https://seribangash.com/difference-public-and-private-company-law/
Binding Authority: The company and its members are bound by the provisions of the MOA. Any action taken beyond its scope may be considered ultra vires (beyond the powers) of the company and therefore void.
Amendment of MOA:
While the MOA lays down the company's fundamental principles, it is not entirely immutable. It can be amended, but only under specific circumstances and in compliance with legal procedures. Amendments typically require shareholder
[Note: This is a partial preview. To download this presentation, visit:
https://www.oeconsulting.com.sg/training-presentations]
Sustainability has become an increasingly critical topic as the world recognizes the need to protect our planet and its resources for future generations. Sustainability means meeting our current needs without compromising the ability of future generations to meet theirs. It involves long-term planning and consideration of the consequences of our actions. The goal is to create strategies that ensure the long-term viability of People, Planet, and Profit.
Leading companies such as Nike, Toyota, and Siemens are prioritizing sustainable innovation in their business models, setting an example for others to follow. In this Sustainability training presentation, you will learn key concepts, principles, and practices of sustainability applicable across industries. This training aims to create awareness and educate employees, senior executives, consultants, and other key stakeholders, including investors, policymakers, and supply chain partners, on the importance and implementation of sustainability.
LEARNING OBJECTIVES
1. Develop a comprehensive understanding of the fundamental principles and concepts that form the foundation of sustainability within corporate environments.
2. Explore the sustainability implementation model, focusing on effective measures and reporting strategies to track and communicate sustainability efforts.
3. Identify and define best practices and critical success factors essential for achieving sustainability goals within organizations.
CONTENTS
1. Introduction and Key Concepts of Sustainability
2. Principles and Practices of Sustainability
3. Measures and Reporting in Sustainability
4. Sustainability Implementation & Best Practices
To download the complete presentation, visit: https://www.oeconsulting.com.sg/training-presentations
The world of search engine optimization (SEO) is buzzing with discussions after Google confirmed that around 2,500 leaked internal documents related to its Search feature are indeed authentic. The revelation has sparked significant concerns within the SEO community. The leaked documents were initially reported by SEO experts Rand Fishkin and Mike King, igniting widespread analysis and discourse. For More Info:- https://news.arihantwebtech.com/search-disrupted-googles-leaked-documents-rock-the-seo-world/
Search Disrupted Google’s Leaked Documents Rock the SEO World.pdf
Bombay stock exchange
1.
2. The Bombay Stock Exchange (BSE) is an Indian
stock exchange located at Dalal Street, Kala
Ghoda, Mumbai, Maharashtra, India.
Established in 1875, the BSE is Asia’s first and
Worlds Fastest Stock Exchange with a speed of 6
microseconds and one of India’s leading
exchange groups and the oldest stock exchange
in the South Asia region.
Bombay Stock Exchange is the world's 11th largest
stock market by market capitalization at $1.7
trillion as of 23 January 2015, more than 5,000
companies are listed on BSE.
3. BOMBAY STOCK EXCHANGE - HISTORY
The Bombay Stock Exchange traces its history
to 1855, 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".
4. On 31 August 1957, the BSE became the first
stock exchange to be recognized by the Indian
Government under the Securities Contracts
Regulation Act.
In 1986, it developed the BSE SENSEX index,
giving the BSE a means to measure overall
performance of the exchange.
The development of SENSEX options along with
equity derivatives followed in 2001 and 2002,
expanding the BSE's trading platform.
An open outcry floor trading exchange, the
Bombay Stock Exchange switched to an electronic
trading system developed by CMC Ltd in 1995. It
took the exchange only fifty days to make this
transition
5. This automated, screen-based trading platform
called BSE On-line trading (BOLT) had a capacity
of 8 million orders per day.
The BSE has also introduced a centralized
exchange-based internet trading system to
enable investors anywhere in the world to trade
on the BSE platform.
BOMBAY STOCK EXCHANGE : VISION
The main vision of Bombay Stock Exchange is to
"Emerge as the premier Indian stock exchange
with best-in-class global practice in technology,
products innovation and customer service."
6. 1996 To 2000
19 August 1996 First major SENSEX revamp .
22 March 1999 Central Depository Services
Limited (CDSL) set up with other financial
institutions.
1 June 1999 Interest rate swaps (IRS) / Forward
Rate Agreements (FRA) allowed.
15 July 1999 CDSL commences work.
11 October 1999 SENSEX closed above 5000.
11 February 2000 SENSEX crosses 6000 intra-
day.
9 June 2000 Equity Derivatives introduced.
7. 2001 To 2010
1 March 2001 Corporatization of Exchanges
proposed by the Union Govt.
1 February 2001 BSE Webx Launched
1 June 2001 Index Options launched
4 June 2001 BSE PSU index introduced
15 June 2001 WDM operations at commenced
2 July 2001 Value at risk model introduced for
margin requirement calculation
9 July 2001 Stock options launched
8. 11 July 2001 BSE Teck launched, India’s First
free float index
25 July 2001 Dollex 30 launched
1 November 2001 Stock futures launched
29 November 2001 100% book building allowed
31 December 2001 All securities clearing move
to T+5 (trade date + 5 days)
1 February 2002 Two way fungibility for
ADR/GDR
15 February 2002 Negotiated Dealing System
(NDS) established
9. 1 April 2002 T+3 settlement Introduced
1 January 2003 India’s first ETF on SENSEX –
‘SPICE' introduced
16 January 2003 Retail trading in G Sec
1 April 2003 T+2 settlement Introduced
1 June 2003 Bankex launched.
1 September 2003 SENSEX shifted to free-
float methodology.
1 December 2003 T group launched.
10. 2 June 2004 SENSEX closes over 6000 for the
first time (564.71 points, 11.14%)
17 May 2004 Second biggest fall of all time,
Circuit filters used twice in a day (the Scheme)
announced by SEBI
20 May 2005 The BSE (Corporatisation and
Demutualisation) Scheme, 2005
8 August 2005 Incorporation of Bombay Stock
Exchange Limited
12 August 2005 Certificate of Commencement
of Business
19 August 2005 BSE becomes a Corporate
Entity
11. 7 February 2006 SENSEX closed above 10000
7 July 2006 BSE Gujarati website launched
21 October 2006 BSE Hindi website launched
2 November 2006 ishares BSE SENSEX India
Tracker listed at Hong Kong Stock Exchange
2 January 2007 Launch of Unified Corporate Bond
Reporting platform: Indian Corporate Debt Market
(ICDM)
7 March 2007 Singapore Exchange Limited
entered into an agreement to invest in a 5% stake
in BSE
16 May 2007 Appointed Date under the Scheme
i.e. Date on which Corporatisaton and
Demutualisation was achieved. Notified by SEBI in
the Official Gazette on 29.06.2007
12. 10 January 2008 SENSEX All-time high 21206.77
1 October 2008 Currency Derivatives Introduced
18 May 2009 The SENSEX raised 2110.70 points
(17.34%) and Index-wide upper circuit breaker applied
7 August 2009 BSE — USE Form Alliance to Develop
Currency & Interest Rate
24 August 2009 BSE IPO Index launched
1 October 2009 Bombay Stock Exchange introduces
trade details facility for the Investors
5 October 2009 BSE Introduces New Transaction Fee
Structure for Cash Equity Segment
18 December 2009 BSE's new derivatives rates to
lower transaction costs for all
13. 4 January 2010 Market time changed to 9.0
a.m. – 3.30 p.m.
20 January 2010 BSE PSU website launched
22 April 2010 New DBM framework @ Rs.10
lakhs – 90% reduction in Membership Deposit
12 May 2010 Dissemination of Corporate
Action information via SWIFT platform
23 July 2010 Options on BOLT
21 September 2010 First to introduce Mobile-
based Trading
14. 29 September 2010 Introduction of Smart Order
Routing (SOR)
4 October 2010 EUREX — SENSEX Futures launch
11 October 2010 Launch of Fastrade on Web (FoW)
– Exchange hosted platform
5 November 2010 SENSEX closes above 21,000 for
the first time
12 November 2010 Commencement of Volatility
Index
22 November 2010 Launch of SLB
10 December 2010 Launch of SIP
27 December 2010 Commencement of Shariah
Index
15. 2011 To 2014
17 November 2011 Maharashtra and United
Kingdom Environment Ministers launched
Concept Note for BSE Carbon Index
30 December 2011, picks up a stake in the proxy
advisory firm, Institutional Investor Advisory
Services India Limited (IiAS)
7 January 2011 BSE Training Institute Ltd. with
IGNOU launched India's first 2-year full-time MBA
programme specialising in Financial Market
15 January 2011 Co-location facility at BSE&n as
BSE ties up with Standard and Poor's to use the
S&P brand for Sensex and other indices.
16. 28 November 2013 Launch of Currency Derivatives (BSE
CDX)
28 January 2014 Launch of Interest Rate Futures (BSE –IRF)
11 Feb 2014 Launch of Institutional Trading Platform on BSE
SME
20 March 2014 BSE Launches New Debt Segment
4 April 2014 BSE SME exceeds USD 1 billion market
capitalisation
7 April 2014 Launch of Equity Segment on BOLT Plus with
Median Response Time of 200 (µs)
27 May 2014 BSE felicitated at The Asian Banker Summit
2014
26 September 2014 BSE inks MoU with BNY Mellon
22 October 2014 BSE inks strategic partnership with YES
BANK
28 November 2014 BSE listed cos market cap crosses
landmark 100 lakh crore
12 December 2014 Market Cap of BSE SME listed companies
crosses landmark 10,000 crore
17. 2015
8 January 2015 BSE commenced live trading
from its Disaster Recovery site in Hyderabad.
Asia Index Private Limited launches S&P BSE
AllCap, S&P BSE SENSEX Leverage and
Inverse Indices on 16 April 2015
BSE introduces overnight investment product
on 18 May 2015
BSE exceeds 1 billion derivatives contracts on
its new Deutsche Börse T7 powered trading
platform on 28 May 2015
BSE celebrated its 140th Foundation Day on 9
July 2015
18. BSE SME successfully completes listing of 100
SMEs under its SME umbrella on 16 July 2015
BSE witnesses its fourth largest fall in history on
a single day of 1,625 points dated 24 August
2015
19. BOMBAY STOCK EXCHANGE - AWARDS
BSE has won several awards and recognition.
Golden Peacock Global Award for Excellence in
Corporate Governance for the year 2015
Lokmat HR Leadership Award at Mumbai in
June-2014
50 most talented global HR leaders in Asia at
the World HRD congress at Mumbai in
February-2014
FIICI-Frames Best Animation Film-International
Category for the Investor Education television
commercial
20. India Innovation Award for Big Data
Implementation
ICICI Lombard & ET Now Risk Manager Award
in BFSI Category
SKOCH Order of Merit for E-Boss for qualifying
among India’s Best 2013
SKOCH Financial Award 2013 Financial
Inclusion Awards – 2011
Indian Merchant Chamber Award in the Large
Enterprise Category for use of Information
Technology
21. Best Managed Financial Derivatives Exchange in
the Asia Pacific by The Asian Banker
The Golden Peacock Global CSR Award for its
initiatives in Corporate Social Responsibility
BSE has won NASSCOM – CNBC-TV18’s IT User
Awards, 2010 in Financial Services category
BSE has won Skoch Virtual Corporation 2010
Award in the BSE StAR MF category
Responsibility Award (CSR), by the World Council
of Corporate Governance
Annual Reports and Accounts of BSE have been
awarded the ICAI awards for excellence in
financial reporting for four consecutive years from
2006 onwards
22. Human Resource Management at BSE has
won the Asia – Pacific HRM awards for its
efforts in employer branding through talent
management at work, health management at
work and excellence in HR through technology
CIO of the Year- Financial Sector: Ashishkumar
Chauhan, Dy Chief Executive Officer, Bombay
Stock Exchange
The World Council of Corporate Governance
has awarded the Golden Peacock Global CSR
Award in financial sector for BSE's initiatives in
Corporate Social Responsibility (CSR) in 2007
23. Important functions of stock exchange are as
follows:
(1) Providing Liquidity and Marketability to
Existing Securities:
Stock exchange is a market place where
previously issued securities are traded. Various
types of securities are traded here on regular
basis.
Whenever required, an investor can invest his
money through this market into securities and can
reconvert this investment into cash. Availability of
ready market for sale and purchase of securities
increases their marketability and enhances
liquidity.
24. (2) Pricing of Securities:
A stock exchange provides platform to deal in securities. The
forces of demand and supply work freely in the stock exchange.
In this way, prices of securities are determined
(3) Safety of Transactions:
Stock exchanges are organised markets. They fully protect the
interest of investors. Each stock exchange has its own laws and
bye-laws. Each member of stock exchange has to follow them
and if any member is found violating them, his membership is
cancelled.
For instance, if any broker working in stock exchange charges
more commission than stipulated from any investor or misleads
him in any other way, then the management committee of the
stock exchange can fine the broker and even his membership
can be cancelled
25. (4) Contributes to Economic Growth:
A stock exchange provides liquidity to
securities. This gives the investor a double
benefit-first, the benefit of the change in the
market price of securities can be taken
advantage of, and secondly, in case of need
for money they can be sold at the existing
market price at any time.
These advantages provided by the share
market encourage the people to invest their
money in securities. In this way, people’s
money gets invested in industries and
economic development becomes possible
26. (5) Spreading Equity Cult:
Share market collects every type of information
(more particularly about their economic condition)
in respect of the listed companies. Generally, this
information is published or in case of need
anybody can get it from the stock exchange free
of any cost.
In this way, the stock exchange guides the
investors by providing various types of
information. Consequently, the number of
shareholders in companies is increasing
continuously. Thus, the stock exchanges are
playing a vital role in ensuring wider share
ownership
27. (6) Providing Scope for Speculation:
When securities are purchased with a view to
getting profit as a result of change in their
market price, it is called speculation. It is
allowed or permitted under the provisions of
the relevant Act. It is accepted that in order to
provide liquidity to securities, some scope for
speculation must be allowed. The share
market provides this facility.
28. List of BSE SENSEX companies as of April
2015
Bajaj Auto Ltd
Bharat Heavy Electricals Ltd
Bharti Airtel Ltd
Cipla Ltd
Coal India Ltd
Dr. Reddy's Laboratories Ltd
GAIL
HDFC
HDFC Bankrp
29. Hindalco
HUL
ICICI Bank
Infosys
ITC
Larsen
Lupin
M&M
NTPC Ltd
Oil and Natural Gas Corporation Ltd
Reliance Industries Ltd
30. VEDENTA Ltd
State Bank of India
Sun Pharmaceutical Industries Ltd
Tata Consultancy Services Ltd
Tata Motors Ltd
Maruti Suzuki Ltd
Tata Steel Ltd
Wipro Ltd