The document provides an overview of capital markets, including their origin, constituents, functions, and role in economic development. It discusses the following key points in 3 sentences:
Capital markets have existed since the 12th century, originating in cities like Lyon, France and later expanding to locations such as Amsterdam, London, and Mumbai. They provide a platform for companies, governments, and individuals to raise long-term capital through financial instruments like stocks and bonds, as well as facilitate the transfer of savings from investors to entities with productive investment needs. Properly functioning capital markets can accelerate economic growth by promoting savings, efficient capital allocation, and confidence among both domestic and foreign investors.
For Videos use the links below
0 Course Introduction:: https://www.youtube.com/watch?v=9km4aXTus5c
1 Financial system and Environment : https://www.youtube.com/watch?v=BC2bAftm43c
2 Participants in a Financial System: https://www.youtube.com/watch?v=IEv_y7_aR7o
3 Functions of a Financial System: https://www.youtube.com/watch?v=T73-Dd8RM4I
4 Financial System and its components: https://www.youtube.com/watch?v=ovkAjEO8YAw
5 Efficiency of a financial system: https://www.youtube.com/watch?v=8xEUtvKYvPc
Presentation on Brief introduction to Indian financial markets (Indian Financial System). This presentation broad classification of the financial system into financial institutions, financial markets, financial instruments and financial services.
Presentation on "Capital Market"
1.definition and characteristics
2.function and players
3.importance/role and types
4.factor and structure
5.reforms and development
Financial system and markets:
objectives of financial system-
Concepts of financial system-
Financial concepts-
Development of financial systems in India-
Weakness of Indian financial system
For Videos use the links below
0 Course Introduction:: https://www.youtube.com/watch?v=9km4aXTus5c
1 Financial system and Environment : https://www.youtube.com/watch?v=BC2bAftm43c
2 Participants in a Financial System: https://www.youtube.com/watch?v=IEv_y7_aR7o
3 Functions of a Financial System: https://www.youtube.com/watch?v=T73-Dd8RM4I
4 Financial System and its components: https://www.youtube.com/watch?v=ovkAjEO8YAw
5 Efficiency of a financial system: https://www.youtube.com/watch?v=8xEUtvKYvPc
Presentation on Brief introduction to Indian financial markets (Indian Financial System). This presentation broad classification of the financial system into financial institutions, financial markets, financial instruments and financial services.
Presentation on "Capital Market"
1.definition and characteristics
2.function and players
3.importance/role and types
4.factor and structure
5.reforms and development
Financial system and markets:
objectives of financial system-
Concepts of financial system-
Financial concepts-
Development of financial systems in India-
Weakness of Indian financial system
This power point file consists of a comprehensive understanding of the Indian Financial System, its components, structure and its working mechanism. The contents are tailor-made for B.COM and M.COM Students.
A financial market is a market in which peopletrade financial securities, commodities, and value at low transaction costs and at prices that reflect supply and demand. Securities include stocks and bonds, and commodities include precious metals or agricultural products.
Instructions for Submissions thorugh G- Classroom.pptxJheel Barad
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Bio-prospecting tools for drug discovery,
Role of Ethnopharmacology in drug evaluation,
Reverse Pharmacology.
The Roman Empire A Historical Colossus.pdfkaushalkr1407
The Roman Empire, a vast and enduring power, stands as one of history's most remarkable civilizations, leaving an indelible imprint on the world. It emerged from the Roman Republic, transitioning into an imperial powerhouse under the leadership of Augustus Caesar in 27 BCE. This transformation marked the beginning of an era defined by unprecedented territorial expansion, architectural marvels, and profound cultural influence.
The empire's roots lie in the city of Rome, founded, according to legend, by Romulus in 753 BCE. Over centuries, Rome evolved from a small settlement to a formidable republic, characterized by a complex political system with elected officials and checks on power. However, internal strife, class conflicts, and military ambitions paved the way for the end of the Republic. Julius Caesar’s dictatorship and subsequent assassination in 44 BCE created a power vacuum, leading to a civil war. Octavian, later Augustus, emerged victorious, heralding the Roman Empire’s birth.
Under Augustus, the empire experienced the Pax Romana, a 200-year period of relative peace and stability. Augustus reformed the military, established efficient administrative systems, and initiated grand construction projects. The empire's borders expanded, encompassing territories from Britain to Egypt and from Spain to the Euphrates. Roman legions, renowned for their discipline and engineering prowess, secured and maintained these vast territories, building roads, fortifications, and cities that facilitated control and integration.
The Roman Empire’s society was hierarchical, with a rigid class system. At the top were the patricians, wealthy elites who held significant political power. Below them were the plebeians, free citizens with limited political influence, and the vast numbers of slaves who formed the backbone of the economy. The family unit was central, governed by the paterfamilias, the male head who held absolute authority.
Culturally, the Romans were eclectic, absorbing and adapting elements from the civilizations they encountered, particularly the Greeks. Roman art, literature, and philosophy reflected this synthesis, creating a rich cultural tapestry. Latin, the Roman language, became the lingua franca of the Western world, influencing numerous modern languages.
Roman architecture and engineering achievements were monumental. They perfected the arch, vault, and dome, constructing enduring structures like the Colosseum, Pantheon, and aqueducts. These engineering marvels not only showcased Roman ingenuity but also served practical purposes, from public entertainment to water supply.
Read| The latest issue of The Challenger is here! We are thrilled to announce that our school paper has qualified for the NATIONAL SCHOOLS PRESS CONFERENCE (NSPC) 2024. Thank you for your unwavering support and trust. Dive into the stories that made us stand out!
Operation “Blue Star” is the only event in the history of Independent India where the state went into war with its own people. Even after about 40 years it is not clear if it was culmination of states anger over people of the region, a political game of power or start of dictatorial chapter in the democratic setup.
The people of Punjab felt alienated from main stream due to denial of their just demands during a long democratic struggle since independence. As it happen all over the word, it led to militant struggle with great loss of lives of military, police and civilian personnel. Killing of Indira Gandhi and massacre of innocent Sikhs in Delhi and other India cities was also associated with this movement.
We all have good and bad thoughts from time to time and situation to situation. We are bombarded daily with spiraling thoughts(both negative and positive) creating all-consuming feel , making us difficult to manage with associated suffering. Good thoughts are like our Mob Signal (Positive thought) amidst noise(negative thought) in the atmosphere. Negative thoughts like noise outweigh positive thoughts. These thoughts often create unwanted confusion, trouble, stress and frustration in our mind as well as chaos in our physical world. Negative thoughts are also known as “distorted thinking”.
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Bills have a main role in point of sale procedure. It will help to track sales, handling payments and giving receipts to customers. Bill splitting also has an important role in POS. For example, If some friends come together for dinner and if they want to divide the bill then it is possible by POS bill splitting. This slide will show how to split bills in odoo 17 POS.
Students, digital devices and success - Andreas Schleicher - 27 May 2024..pptxEduSkills OECD
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2. Topics
• Introduction
• Origin of capital markets
• Need for capital markets
• Functions of capital markets
• Constituents of capital markets
• Types of capital markets
• Capital market and economic development.
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3. Capital Market
It is the market for long term capital requirements of
corporations, government and government bodies
comprising of debt and equity form of capital.
It bridges the gap between net savers and net
borrowers contributing to economic development
and growth.
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4. ORIGIN OF CAPITAL MARKETS
12th Century: Securities trading in Lyon, France.
1250s: Tradable bonds in Italy.
13th Century: Bruges, Belgium active trade center (Bourses)(Center) originated.
1350s: Venice, Pisa, Verona, Genoa and Florence, Italy - Active market for government securities.
1409: Antwerp, Netherlands became the heart of trading extended to Flanders, Ghent and Rotterdam.
1553: Muscovy Company (The Mystery and Companie of Merchant adventures fo the Discoverie of
Regios, Dominions, Islands and Places Unknown) in London is the world’s First Chartered Joint Stock
Company.
1585: Frankfurt Stock Exchange (Frankfurter Wertpapierbörse).
1602, Amsterdam Stock Exchange, Netherlands Launched by Dutch East India Company (VOC).
1611: The Dutch East India Company was the first corporation to be listed on a stock exchange (VOC).
1773 – London, UK.
1791 – Philadelphia, USA.
1792 – NYSE, USA.
1830s – Calcutta
1850s – Mumbai Town Hall.
1874 – Dalal Street ‘The Native Share and Stock Brokers Association (Bombay Stock Exchange.
1878 – Tokyo Stock Exchange, Japan.
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4
8. NEED FOR LONG TERM CAPITAL
A. Government Needs
B. Companies Needs
C. Individuals Needs
D. Offshore Needs
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9. A. Government Needs
a. Fiscal Deficit.
b. Public Expenditure.
c. External payments.
d. Infrastructure.
e. Unforeseen Contingencies.
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10. B. Companies Needs
a. New business.
b. Capacity Expansion.
c. Export business.
d. Working capital.
e. Automation or Computerization.
f. Meeting the legal standard or norms.
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11. C. Individuals Needs
a. Housing.
b. Long Term Credit.
c. Individual Business.
d. Long Term Investments.
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12. D. Off Shore Sector Needs
a. Individuals
– Investments
– Repatriation
b. Companies
– Investments
– Imports
– Exports
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13. Raju Indukoori
FUNCTIONS OF CAPITAL MARKET
A. Financial Intermediation
B. Provide Income generation channels
C. Participation promotion
D. Market efficiency
E. Contribute to Economic Growth
F. Regulation
13
14. Raju Indukoori
A. Financial Intermediation
Long Term capital transfer from surplus savers to those
with productive need.
Provide channel for reallocation of savings to investments.
Provides platform for demand and supply of capital through
various financial securities.
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15. Raju Indukoori
B. Income Generations Channels
Trading
Investment
Hedging
Arbitrage
Speculation
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16. Raju Indukoori
C. Participation Promotion
Provides liquidity and tradability.
The market provides a match for liquidity, maturity, risk and cost
of capital of various securities.
Risk management tools through hedging and financial
derivatives.
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17. Raju Indukoori
D. Market Efficiency
Lowers cost of financial transactions.
Provide pricing mechanism promoting efficiency of capital
allocation.
Reflect valuation with efficiency of sensitivity of prices.
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18. Raju Indukoori
E. Economic Growth
Capital market accelerate economic growth through the following.
Promote Savings Culture
Capital Formation
Efficient Capital Allocation
Build confidence among domestic and foreign investors by
stabilizing the prices
Accelerate Economic Development
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19. Raju Indukoori
F. Capital Market Regulation
Disseminate information promoting transparency.
Ensures safety and security through a regulatory system.
Risk management through counter guarantee and risk.
19
21. CONSTITUENTS OF CAPITAL MARKETS
1. Capital Market Instruments
2. Capital Market Participants
3. Capital Market Intermediaries
4. Capital Market Technology
5. Capital Market Regulators
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26. 2. Participants
C. Lenders
Commercial Banks and Stock brokers do the
lending activities in the following forms.
Loan Securitization.
Loans against securities.
Margin Trade Funding.
Employee Stock Option (ESOP) Scheme Funding.
Broker Funding
IPO Funding
Application Supported by Blocked Amount (ASBA)
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27. 3. Intermediaries
Stock Exchanges
National Stock Exchanges : NSE and BSE
Regional Stock Exchanges: NDSE, CSE, MSE…….
Stock Brokers
Stock exchange members
Sub Brokers and Franchisee
Commercial Banks: Application, Payment, receipts
Merchant Banks
Underwriters
Registrars
Individuals : Commission Agents, Brokers, Fee based
consultants.
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28. 4. Technology
Screen based trading
Online trading
Dematerialization
Clearing and Settlement.
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29. NSE Technology
National Exchange for Automated Trading (NEAT).
Open Dealer Integrated Network (ODIN).
Computer to Computer Link (CTCL).
NEAT on Web (NOW).
Algorithmic Trading for Institutional Traders through co
location.
EMERGE for Small and Medium Enterprise (SME) stocks.
Mutual Fund Service System (MFSS) for web based mutual fund
trading.
NSE Mutual Fund (NMF) Platform for distributors.
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30. 5. Regulators
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A. Ministry of Finance (MoF).
B. Reserve Bank of India (RBI).
C. Securities Exchange Board of India (SEBI).
D. Securities Appellate Tribunal (SAT).
E. Self Regulatory Organizations(SROs).
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31. A. Ministry of Finance (MoF)
Raju Indukoori
Headed by Union Minister of Finance and Minister of
State. It has 5 departments as follows.
a. Department of Economic Affairs.
b. Department of Financial Services.
c. Department of Investment and Public Asset
Management.
d. Department of Expenditure.
e. Department of Revenue.
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32. A. Ministry of Finance (MoF)
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Department of Economic Affairs (DEA)
DEA directly manages capital markets by formulating
rules and regulations in the direction of MoF.
Headed by the Secretary, Economic Affairs
Chief Economic Advisor
Assistant Secretary, Economic Affairs
Assistant Secretary, Investments
Financial Markets division of DEA controls or
regulates capital markets under direction of MoF.
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33. A. Ministry of Finance (MoF)
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Financial Markets Division
Securities Contracts (Regulation) Act 1956.
Forward Contracts (Regulation) Act 1952.
Securities and Exchange Board of India Act, 1992.
33
34. C. Securities & Exchange Board of India(SEBI)
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• SEBI is the apex body governing the Indian stock exchanges.
• The Securities & Exchange Board of India (SEBI) Act, 1992
regulates the functioning of SEBI.
• The participation in the Indian Stock Market of both the
domestic or foreign financial intermediaries are governed by
the regulations framed by SEBI.
• Foreign Portfolio Investors (FPIs) can participate in Indian
Stock Market after registering them with an authorized
Depository Participant.
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35. SEBI Functions
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Protective Functions
I. It checks Price rigging
II. Prohibits insider trading
III. prohibits fraudulent and Unfair Trade Practices
Development Functions
I. SEBI promotes training of intermediaries of the securities market.
II. SEBI tries to promote activities of stock exchange by adopting a flexible and
adaptable approach
Regulatory Functions
I. SEBI has framed rules and regulations and a code of conduct to regulate
the intermediaries such as merchant bankers, brokers, underwriters, etc.
II. These intermediaries have been brought under the regulatory purview
and private placement has been made more restrictive.
III. SEBI registers and regulates the working of stock brokers, sub-brokers,
share-transfer agents, trustees, merchant bankers and all those who
are associated with stock exchange in any manner
IV. SEBI registers and regulates the
V. working of mutual funds etc.
VI. SEBI regulates takeover of the companies
VII. SEBI conducts inquiries and audit of stock exchanges.
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36. E. Self Regulatory Organizations (SROs)
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Stock Exchanges: NSE and BSE.
Depositories: NSDL and CDSL.
Association of Mutual Funds in India (AMFI).
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38. Types of Capital Markets
1. Primary market (Fresh First Issue Markets)
2. Secondary market (Stock Exchanges)
3. Third market (Tertiary Markets)
4. Fourth market (Direct Markets)
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39. 1. Primary Markets
This is the market for issue of new or fresh securities by a
company or government or government body for the first time or
again and again. This market can be classified as follows
1. Primary Debt Market
2. Primary Equity Market
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40. 2. Secondary markets
This is the market for trading of existing or listed securities of
different issuers. These are the markets for debt, equity and
derivative products. They can be classified as follows.
1. National Stock Exchanges: NSE, BSE, MCXSX
2. Regional Stock Exchanges: NDSE, CSE, MSE, HSE, BgSE,
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41. 3. Third markets
It is the market for trading between the parties without
exchange as the platform.
The product in terms of quantity, order, pricing are
customized when compared to an exchange.
It has no or low liquidity
Unlike exchange trading, OTC trades have low liquidity
and high risk as they doesn’t have counter party risk
guarantee.
In India OTCEI is the form of this market and in USA it
is carried out by Market Makers.
Debt, equity and derivatives products are traded in OTC
Markets.
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42. 4.Fourth market
It is the institution-to-institution direct trading bypassing the
services of a stock exchange and brokers. They are also
known as direct markets.
a. avoiding both commissions
b. Absence of spreads.
c. Block trades
d. Trades are not subject to reporting requirements.
e. Confidentiality of trades.
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43. Direct Market Access (DMA)
DMA is the alternative of fourth market.
It is the electronic trading facilities that gives the traders or
investors to interact with the order book of the exchange
which is usually restricted to the exchange members.
Buy side firms, sell side firms and private traders are the
major participants.
It is meant for algorithmic trading strategies with privacy.
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44. Economic Development and Growth with Capital Markets
Capital formation.
Capital markets fulfill long term capital needs.
The role of capital markets is important for a country’s
economic development.
The growing size of capital market indicates more wealth
accumulation in the economy.
Three sector’s participation is more important in terms of
source as well as need.
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