Final

Study of Stock Broker in India 2009-2011 201 1
Chapter -1 INTRODUCTION TO THE PROJECT
1.1Introduction of the Project 1.2 Overview of the Project 1.3 Need Of the Study 1.4 Objectives of Research 1.5 Limitation of the Study 1.6 Research Methodology
1.1Introduction to the Project

The primary thing before investing in stock markets is to have an understanding of how the stock markets operate. Companies need capital for various purposes like expansion, research and development etc. Many companies choose to raise funds by offering the company's shares to the public. When investors own the shares of a company they become part owners of that company. The company gets listed on a stock exchange(s) after which its shares start getting traded. Stock exchange is a marketplace where sale and purchase of shares take place. In order to buy or sell shares, investors need to open a trading account with a stock broker. Investors give instructions to their broker to buy or sell shares on treir behalf. Trading can be done through telephone, internet, or in person. The price at which trade takes place is determined by the market forces i.e. demand and supply
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of that particular share in the market. Investors hope to earn profits by buying shares at a low price and selling them at a higher price. History: 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. The motive behind showing history of Bombay Stock Exchange (B.S.E) is because history of Stock Broker and Stock Exchange in India is same. 1.2Overview of the Project The Present project is done with an aim to show the contribution of Stock Brokers in the Economy of India. With this view I have made this project. In the first Chapter of this project I have stated the objectives, need, limitations, research methodology and literature reviews which give an idea of the main aim of preparing this project. In the Second Chapter, My Project begins with the Definition of Stock Broker, Registration of Stock Broker, Registration Procedure, code of conduct for Stock Brokers, Role of Stock Brokers, Function of Stock Brokers, Kinds of Brokers and their Assistant, Technology used by Stock Brokers In India In the Third Chapter, number of Stock Brokers in India, number of stock brokers according to Proprietorship ,Partnership, corporate financial Reports of Certain Percent of Stock Broking Companies in India have been analyzed and comparatively studied different elements of this financial reports in respect of different financial years, and Companies of India. In the Fourth Chapter, Conclusion of the Project is given
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1.3Need of study Stock Brokers are the middleman between the company & retail investors in Primary Market Stock Brokers are the middleman between the traders in secondary market Stock brokers provide various financial services to their clients Due to all the above reasons, it is necessary to study about them. Hence, there is a need to study about them.
1.4Objectives of Research :
The objective of this Research is to: 1) 2) 3) 4) To Examine the Responsibilities of Stock Brokers. To analyze the regulations for Stock Brokers in India. To analyze number of Stock Brokers in India. To comparatively analyze different Stock Brokers in India.
1.5Limitation of Study This study is limited to time, effect and cost. The studying limited to Mumbai region in Maharashtra state. The study can only make for 2005-10
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1.6Research Methodology
The objective of this chapter is to present the research methodology of the present study. The chapter deals with various aspects of research methodology Stock Brokers in India with the help of Secondary data. For the present study as more emphasis was laid down on the discovery of ideas, it can be called descriptive research as an attempt have been made to get insight into the Stock Brokers in India. The Study deals with simple random sampling method. Simple random sampling was adopted to collect the information required for the study. Sample Size: The Sample size considered for the study is 5% .
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Chapter -2 PROFILE OF PORTFOLIO MANAGER
2.1 Defination 2.2 Registration of Stock Brokers 2.3 Registration procedure 2.4 Code of conduct for Stock Brokers 2.5 Role of Stock broker 2.6 Function of stockbrokers 2.7 Kinds of Brokers and their Assistants
2.8Different types of orders one may place with Stock Brokers while trading in shares
2.9List of Stock Brokers in India

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2.10Technology used by Stock Broker for Trading In India
2.1Definition : A stock broker or stockbroker is a regulated

professional broker who buys and sells shares and other securities through market makers or Agency Only Firms on behalf of investors. A broker may be employed by a brokerage firm. 2.2Registration of Stock Brokers A broker is nothing other but a commission agent who transacts business in securities on behalf of his clients who are non-members of a stock exchange. Thus, a non-member can purchase and sell securities only through a broker who is member of the stock exchanges. To deal in securities on recognized stock exchanges, the broker should register his name as a broker with SEBI. A stock broker must possess the following qualification to register as a broker: (i) (ii) (iii) (iv) (v)
(vi)
He must be an Indian citizen with 21 years of age. He should neither be bankrupt nor compounded with creditors. He should not have been convicted for any offence, fraud etc. He should not have engaged in any other business other that of a broker in Securities. He should not be defaulter of any stock exchange. He should have completed 12th standard examination.
A part from individuals, corporate and institutional members can also become brokers. Brokers will be selected by the selection committee of the stock exchange on the basis of their qualifications, experience, financial status, their performance in the written test, interview etc.
2.3Registration procedure :
(i)
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The prospective broker must apply to SEBI through the stock exchange of which he is a member.
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(ii) The stock exchanges should forward the application within 30 days of receipt of the application. (iii) After going through the application, the SEBI may call for additional informations or clarification s if necessary infrastructure facilities, The SEBI may also request the applicant to appear before it for personal representation. (iv) After ascertaining whether the applicant is eligible to be admitted as a member and whether he has the necessary infrastructure facilities. The SEBI may grant a certificate to the stock broker. The stock exchanges confirmed will be duly informed of the same. (v) The certified stock broker must abide but the prescribed code of conduct. (vi) The stock broker has to pay the prescribed registration fees as indicated below: (a) Rs5,000 for each financial year for those brokers whose annual turnover does not exceed Rs 1 crore during any financial year . (b) Rs5,000 plus 1/100of1% of the turnover in case the annual turnover exceeds Rs 1 crore. (i) The registration of a broker will be suspended if the broke violates any provisions of the SEBI Act,rules and regulations of the exchange and if he does not follow the prescribed code of conduct. (ii) The registration will be canceled if the broker is convicted of a criminal offence or guilty of fraud or if he repeatedly violates the provisions of SEBI Act or rules and regulations of the stock exchange or the prescribed code of conduct. (iii) Every stock broker has to maintain a minimum amount of deposit called security deposit or base minimum amount of deposit or base minimum capital with the stock exchange. It is `5lakhs for brokers in Bombay and Calcutta stock exchanges,Rs3.5 lakhs for brokers in Delhi and Ahmedabad stock exchanges and Rs2lakhs for others. This deposit must be in the form of cash to the extent of 25%,in the form of fixed deposit for another 25% and the balance in the form of securities with a30% margin.
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In addition to the above, every broker has to maintain additional capital depending upon his business volume not exceeding 8% of his gross outstanding business in the exchange including the security deposit.
2.4Code of conduct for Stock Brokers :

To discharge the duties in the best interest of investors and other stockbrokers, a code of conduct has been prescribed for brokers in accordance with the statutory requirements. They have been briefly summarized below: (i) A stock broker must honestly and promptly execute all orders for buying and selling of securities at the best price. He must make prompt payment to his clients in the case of sales and prompt delivery in the case of purchases (ii) He should not discriminate small investors against big investors. (iii) He must issue a contract note for all transactions as specified by the stock exchanges without any delay. (iv) He must maintain complete secrecy of his clients personal investments and other informations of a confidential of a confidential nature. (v) He should not induce or initiate purchases or sales just for sake of his brokerage or commission. (vi) He should not give any false or misleading information with a view to encouraging purchases or sales and thereby getting his commission. (vii) He should not entertain those clients who have failed to carry out their commitments in respect of securities with other stock brokers. (viii) The capacity in which he is acting must be duly informed to his client. In other words, he must disclose whether he is acting as a principal or as an agent. In all cases, give top priority to his client interest.
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(ix) (x) (xi) (xii) (xiii) (xiv) He is not excepted to render any investment advice except under those circumstances which arrant it. He must possess adequate infrastructure facilities and maintain proper staff to render prompt, efficient and fair services to his clients. He should not advertise his business publicly except when it is permitted by stock exchange. He should not adopt any unfair practices with a view to attracting clients from other brokers. He should not knowingly and willfully deliver documents which constitute bad delivery. He should not fail to submit the necessary returns to the SEBI and the stock exchanges as and when they have to be submitted as per the statutory regulations. These returns should not contain any false or misleading information. He must exercise reasonable care, diligence and skill in the discharge of his function has a broker. He must maintain high standards of integrity and honesty, promptness and fairness in the conduct of all his business
(xv) (xvi)
(xvii) Above all , he should not indulge in fraudulent or deceptive transactions or spread rumors with a view to creating a false market and making personal gains. (xviii)He must abide by all the rules and regulations of the regulating authorities including the stock exchanges, (xix) He must maintain proper books of account, records and documents as required by the various regulating authorities. (xx) He must produce the above books and records for inspection whenever an inspection is undertaken as per the provisions of the SEBI Act. 2.5Role of Stock broker A stock broker is a professional who buys and sells stocks and other securities in the stock market through the book makers from the stock investors. As per the law in United States one needs to pass the General Securities Representative
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Examination or the Series 7 exam for working as a stock broker. Brokers provide different types of services to their clients. Execution only - In this service the broker only carries out the trading according to the direction of the investor. This is the basic and the most commonly used service of the brokers. Advisory dealing - In this service the broker not only performs the buying and selling instructions of the client but also advises the investor about which stock to buy and which stock to sell. Discretionary dealing - This is the most comprehensive service that a broker provides. In this case the broker has the discretionary power to take the investment decisions on behalf of the investor. These are the basic services provided by the stock market brokers and it completely depends on you which service you will subscribe to. For example, if you are quite apt at stock market analysis and can regularly watch on the happenings of stock market and the stocks in which you invest, it is better to have a stockbroker to execute your buying and selling instructions. It will not only save the service charges but also give you full confidence in stock market trading. If you are relatively new to stock investment or if you do not have adequate knowledge of stock analysis or if you do not have the time or resource to do thorough research on the stock market the advisory service is effective for you. It will not only execute your trading directions but also provide you with effective tips and guidance for stock market investment. Though it will be a bit more expensive but then you can significantly gain from the technical knowledge and experience of the broker and its research and analysis team. The full service broker is the preferred solution for those who do not have the time or knowledge to maintain their portfolio. In this case the broker takes all the decisions for investing in the stock market. This is the most costly broking service but then it will not require you to spend any time for your stock market investment.
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2.6Function of stockbrokers
The following are the important functions generally performed by all the brokers. Client Registration (ii) First of all, a trading broker has to enter into an agreement in the specified format with his clients before accepting any orders on his clients behalf. The said agreement has to be executed on Non-judicial stamp paper, duly signed .by both parties on all pages. In addition to the agreement, the broker shall seek other information about the client in the client registration form. The information may relate to: (a) Investors financial profile. (b) Investors risk profile and risk taking ability. (c) Investors social profile. (d) Investors identification details. (e) Family, income age and employment details. (f) Details of investment in other assets. (g) Financial liabilities etc.
(i)
The broker has to obtain recent passport size (3 copies) in the case of individual clients and of all partners in the case of partnership firms. In the case of corporate customers, he has to obtain the photos of dominant promoters. The broker should not forget to take proof of identification of the client. It is mandatory to give an unique code for each client for easy identification. There is no limit on the maximum number of clients for a broker.
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(i) Obtaining Margin Money It is also mandatory for the broker to collect margins from his clients in all cases where the margin in respect of the client in settlement, would work out to be more than `50,000. The margins so collected must be kept separately in clients bank account and it must be utilized for making payments/settlement in respect of thet client. (ii) Execution of Orders The important function of a broker is to execute his clients orders swiftly and carefully. Hence, he has to obtain clear cut confirmed order instructions from the clients so that the necessary orders may be placed on the system. To execute a trade order for a client, the broker for a client, the broker must obtain specific instructions as to : (i) The name of the company whose securities have to be brought or sold. (ii) The precise number of shares required. (iii) The limit/ market price conditions etc.
Supply of Necessary Slips On execution of the trade, the broker, i.e. the trading member should inform his client the order number. He should also give copies of the trade confirmation slip, modification slip etc. To enable the client to take necessary follow up action. (v) Issue of Contract Note The broker should then issue a contract note to his clients for all trades, whether for purchase or sale of securities, executed with all relevant details. This contract note should be issued within 24 hours of the execution of order. It should be duly signed by the brokers or his authorised signatory or client attorney. Every broker is expected to maintain the duplicate copy of each contract note issued for five years. (vi) Statement of Particulars on Contract Note It is a mandatory to mention the following particulars in a contract note issued by a stock broker. (i) The name, address and SEBI registration member of the member broker.
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(iv)

(ii) The name of partner/proprietor/authorized signatory. Dealing office address, TEL no, Fax N. CODE No. of the member given by the exchange. (iii) Unique identification number. (iv) Contract number, date of issue of contract note, settlement number and time period of settlement. (v) Clients name and code number. (vi) Order number and order time corresponding to trades. (vii) Trade number and trade time. (viii) Quantity and kind of security bought or sold by the client. (ix) Purchase/sale rate and brokerage. (x) Service tax rates and other charges levied by the broker. (xi) Affixing of appropriate stamps on the original contract note as per the Stamp Act of the relevant state. (xii) Addition of a clause stating that the client will hold the security blank at his own risk. (i) Payment/delivery of securities It is the duty of every trading member (broker) to make payments to his clients (in the case of sale) or deliver the securities purchased within 24 hours to pay out unless the client has requested otherwise. All brokers have to exercise great caution in accepting deliveries of securities on behalf of their clients to avoid the introduction of any fake/forged/stolen securities in market. (ii) Charging of Brokerage and Other Charges As per the SEBI guidelines, every broker is entitled to charge brokerage not exceeding 2.5%. in addition to brokerage, the following items are charged : (i) Service Tax (5% of the brokerage) (ii) Stamp duty as per the Stamp Act of the State Government. (iii) SEBi turnover fee. (iv) Transaction tax as presented by the Central Government (Rs.1500 per crore trade). (i) Maintenance of Bank Accounts
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It is the function of a broker to maintain separate bank accounts for his clients fund and also for his own funds. However, fund can be transferred from the clients account to the clearing account for the purpose of meeting pay-in obligations on behalf of the clients and vice versa in the case of funds pay out. (ii) Receipt of Interest, Dividends, rights etc. In case securities are brought cum vouchers, cum dividend, cum cash bonus cum bonus issues cum rights etc the clients is entitled to receive all vouchers, coupons, dividends, cash bonus etc. in such a case, it is the duty of the brokers to receive all such privileges on behalf of his client. Settlement of Disputes in case any dispute arises between the broker and his client, it is the duty of the broker himself to take the initiative and resolve the dispute.
(iii)
2.7Kinds of Brokers and their Assistants 1) Jobber: A jobber is a proffesional speculator.he works for a profit called turn. 2) Taraniwalas: The taraniwalla is also called a jobber. He makes an oderly and continious auction in the market in the stock in which he specialises. He is localised dealer and often handles transactions on a commission basis for other brokers who are acting for their customers. he trades in te market even for the small differences in prices and helps to maintain liquidity in the stock exchange. 3) Commission brokers: A commission broker is nothing but a broer.he buys and sells securities on behalf of his clients for a commission. He is permitted o deal with non members directly. He does not purchase or sell In his own name.Generally, a broker acts for alarge number of clients, and therefore, he deals in large variety of securities. He gets the orders from his clients and executes from hem through jobbers. 4) Sub-brokers/remisiers: As stated earlier, a sub broker is an agent of a stock broker. He helps the clients to buy and sell securities only through sock broker.since he is not a memberof stock exchange, he cannot directly deal in
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securites. He is subject to similar restrictions as are applicable to member brokers. He is called remisier in the Bombay Stock Exchange. His commission paid out of the commission recived by the brokers for whom he is acting as an agent. Hence, remisers are also called half commission men. Gennerally, their commission cannot exceed 40% ofv the commission recived on the busiess transacted by them. Authorised clerks: An authorised clerk is one who is appinted by a stock broker to assist him in the businees of securities trading. A broker cannot present always on the trading floor of astck exchange, and therefore, he requires the assistance of others to carry on the trading floor of astock exchange, and therefore , he requires the asstance of others to carry on the trading activities on his behalf. As per the rules of the stock exchange, each broker can employ a specified numbr of authorised clerks to transact the securities trading business.They are called member assistants in the Madras Stock Exchange. In Bombay Stock Exchange,each member broker can employ a maximum number of 5 clerks. In Calcutta Stock Exchange it is 8 and it is 3 in Madras Stock Exchange. Generally , authorised clerks are given power of attorney to act on behalf of brokers and hence they can sign on behalf of brokers. They cannot transact any business in their own names at any cost and the brokers are personally liable for all the dealings carried out by the authorised clerks on behalf of brokers. Brokers have to pay entrance fee,annual subscription etc.for each of their authorised clerks as per the rules of the stock exchange and they can be removed at any time after duly informing the sock exchange concerned.
5)
6)
Odd lot dealer: The standard tradong unit for listed stocks is desgnated as a round lot which is usually a hundred shares. Anything less than the round a lot is an odd lots appear in odd quantities -8 shares, 10 or 15,20,25,27,33 and it is impossible to match buying and selling order in them. The specialists handle odd lots. They buy odd lots which other members wish to sell for their cutomers and sell odd lots which others wisht to buy. If dealers buy more than they sell or sell more than they buy, they can clear their position
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by engaing in roun lot transactions. The price of odd lot is determined by the round lot transactions. The odd lot dealer earns his profit on the difference between the price at which he buys and sells the securities . he oes not rely o commission.
7)
Budliwalla: The financer in the stock exchange is also called the Budliwalla. For giving credit facilities to the market, he charges a fee called contango or backwardation charge. The budliwalla gives a fully secured loan for short period of two or three weeks. This loan is governed according to the prevailing rate of interest in the market. The budliwalla s technique of lending is to take up delivery on the due date at the end of clearing to those who wish to carry over their sales. These transactions help him to make a profit on the prevailing rates of interest, subject to regulations of the stock exchange. Arbitrageur: An arbitrageur is a specialist in dealing with different stock exchange centers at the same time. He makes a profit by the difference in prices prevailing in different centers of market activity. He maintains an office with a good communication system and telephonic and tele- printer facility. His profit depends on ability to get the prices from different centers before others trading in the stock exchange. Security dealers: The purchase and sale of government securities is carried on the stock exchange by Security Dealers. Each transaction of purchase or sale has to separately negotiated. The dealer takes risk in ready purchase and sale of securities for current requirements. The dealer has information about several kinds of government securities as well as statutory public bodies, but the presence of large investors like the Life Insurance Corporation (LIC) and commercial banks makes his role rather restricted.
8)
9)
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2.8Different types of orders one may place with Stock Brokers while trading in shares
Brokers receive a number of different types of buying and selling orders from their customers. Brokerage orders vary as to the price as to the price at which the order may be filled, the time for which the order is valid, and contingencies which affect the order. The customers specifications are strictly followed. The broker is responsible for getting best price for his customer at the time of order is placed. The price is established independently by brokers on an auction basis and not by officials of the exchange. The following transactions take place on orders in the stock exchange. Exercising choice of orders
(a) Long, Short, Spot delivery, Hand Delivery, Special Delivery: When an investors buys
securities, he is said to be long in the issue, if he sells securities, he eliminates his long position, and when strongly believes that an issue is overpriced and will in most likelihood fall short within the foreseeable future, he may ask his broker to sell short. The account, or does posses but does not wish to deliver. Financial institutions are not allowed to sell short. In short sales, the broker buys securities for his customer to make delivery but expects the seller to buy back at later date in order to repay borrowed share certificate. Short selling is legal and the most obvious reasons for buying short is to cover stock in declining pricing. (b) Spot Delivery: Spot delivery means delivery and payment on same day as the day of contract or on the next day. (c) Hand Delivery: Hand delivery is the transaction involving delivery and payment within the time of the contract or on the date stipulated when entering into the bargain, which time or date is usually not more than 14 days following the date of contract.
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(d) Special Delivery: Special delivery is the delivery and payment exceeding 14 days
following the date of the contract as specified hen entering into a bargain , with the specific permission of the president or governing board. These transactions are conducted at the time of executing an order. The types of orders that can be made by the broker for his customer are described below: (i ) Market Orders : Market orders are instruction to a broker to buy or sell at the best price immediately available. Market orders are commonly used when trading in active stocks or when a desire to buy or sell is urgent. With this order , a broker is to obtain the best price he can for his customer- that is the lowest price if it is an order to buy and highest price if it is one to sell at the time when the order is executed. (ii) Limit Orders: Limit Orders instruct broker to buy or sell as a stated price or better. when a buyer or seller of stocks feels that he can purchase or sell a stock at a slight advantage to himself within the next two or three days, he may place a limited order to sell at a specified price. A limit order protects the customer against paying more or selling for less than intended. A limit order protects the customer against paying more or selling for less than intended. A limit order therefore, specifies the maximum or minimum price the investor is willing to accept for his trade. The only risk attached to a limit order is that the investor might lose the desired purchase or sale altogether for a trifle margin. For example, if an investor instructs his broker to buy 10 shares of a company, at a limit price of Rs 20/-, the market price at the time of this limit order is placed at 21. The order will go on brokers record at 20 and stay in for however long the investor specifies. It cannot be executed except at 20. Indeed, it may never be executed at all. On the other hand, if he wishes to sell stock which is selling at 21 in the market and he enters a limit order of 23, he runs the risk that the stock may never go up to 23 and he may not be able to sell and on the contrary, the price may go down.
(i)
Stop Order : Another type of order that may be used to limit the amount of losses or to protect the amount of capital gains is called stop order. This order is sometimes also called stop loss order. Stop orders are useful to both speculators and investors. Stop orders to sell can be used to sell can be used to sell out holdings automatically in case a major decline in the market occurs. Stop orders to buy can be used to limit possible losses on a short position. It may also be used to buy if a market price seems to indicate a major upswing in the market. They are most frequently used as a basis for selling a stock once it stock reaches a certain point. Suppose a investor owns securities in a company X whose current market price is Rs 44/-. After an analysis, he finds that the market condition is uncertain and price can move either way. To minimize the potential loss, he stops order at Rs 42/-. If the market price goes down, he shares he will sell at Rs 42/-. If the market price rises he has nothing to loose. On the contrary, if the market prices rise, the investor might raise the stop loss order 48. The investor may gain if all his securities are sold at 48. Most likely, he will not be
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able to off load all at the price but he will ensure that no loss arises out of his transaction. He might even be expecting some profit.
2.9List of Stock Brokers in India 5Paisa.com Moneypore Advani Share Brokers Navia Markets Anand Rathi Securities Parag Parikh Brescon Group Parsoli Corporation CIL Securities Pratibhuti Viniyog CRN India Prudential Churiwala Securities Quantum Securities. DSP Merrill Lynch Reliance Money
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Dalmia Securities Sivan Securities Gandhi Securities Skindia Finance Gogia Capital Services Stock Holding Corporation of India Hasmukh Lalbhai StockMarkit.com ICICIDirect Sunidhi Consultancy Idafa Investments Valia Consultancy India Market Access
Investsmart India
Kisan Ratilal Choksey Shares
Kotak Securities
Manubhai Mangaldas Securities
2.10Technology used by Stock Broker for Trading In India
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The is the actual Trading screen available with Stock Brokers in India.
The BSE Online Trading System (BOLT) : The Bombay Stock Exchange (BSE) switched over from the open outcry trading system to a fully automated computerized mode of trading known as the BSE Online Trading (BOLT) system in 1995. This system, which is both order and quote driven, was commissioned on 14 March 1995 and in May 1995, it was introduced for all the securities listed on the BSE. Actually, it started with the screen based trading and in September 1997, switched over to the direct online access facility. In the initial stages, BOLT was available to brokers of the BSE based in Mumbai through leased lines. Today, it is available all over the country and even abroad.
National Exchange for Automated Trading(NEAT) :

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NSE introduced for the first time in India, fully automated screen based trading. It uses a modern, fully computerized trading system designed to offer investors across the length and breadth of the country a safe and easy way to invest. The NSE trading system called 'National Exchange for Automated Trading' (NEAT) is a fully automated screen based trading system, which adopts the principle of an order driven market.
Chapter 3 Presentation of Data

01Total Number of Stock Brokers In India Table3.1
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2009 Total Number of Stock Brokers In India 8,652 2010 8,804 2011 9,235
From the above table & chart we can see that total Number of Stock Brokers In 2009 in India was 8, 652, in 2010 number of Stock Brokers was 8,804 and now in current year 2011 it is 9,235. We can see that there are more Stock Brokers in 2011current year and less in 2009 base year which indicates that number of Stock Brokers in India is increasing year by year.
02Proprietorship basis total number of Stock Broker in India Table 3.2
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Stock Exchanges 2011 2010 2009
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19
Ahmedabad Bangalore BSE Bhubaneswar Calcutta Cochin Coimbatore Delhi Gauhati ISE Jaipur Ludhiana MPSE Madras NSE OTCEI Pune UPSE Vadodara
Total
137 135 183 196 656 351 88 181 93 566 457 216 160 112 73 147 124 252 245
4372
139 129 147 195 667 350 87 169 94 569 460 209 153 104 68 148 125 259 245
4317
143 128 148 194 682 346 87 130 99 570 464 212 139 96 61 149 126 269 245
4288
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Fig3.2
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Proprietorship basis total number of Stock Broker in India From The above table and chart we can see that total number of Stock Brokers in 2009 was 4288,in 2010 was 4317 and in current year 2011 it is 4372.we can see that there are more proprietorship basis Stock brokers in 2011 In India while there are less Stock brokers in 2009.which indicates that number of proprietorship basis Stock Brokers are increasing year by year in India.
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SLNo 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 Exchanges Ahmedabad Bangalore BSE Bhubaneswar Calcutta Cochin Coimbatore Delhi Gauhati ISE Jaipur Ludhiana MPSE Madras NSE OTCEI Pune UPSE Vadodara
Total
2011 19 4 31 0 44 9 0 32 1 29 6 2 1 14 77 18 7 3 3
300
2010 19 3 30 0 44 9 0 32 1 29 6 2 1 14 67 18 7 5 3
290
2009 21 3 31 0 44 10 0 32 1 29 6 2 1 14 57 19 7 5 3
285
03Partnership basis Stock Brokers in India Table 3.3

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Partnership basis Stock Brokers in India
Fig 3.3
From the above table and chart we can see that number of Partnership basis Stock Brokers in India in 2009 was 285,in 2010 was 290,and in current year it is 300.we can see that partnership basis Stock broker are more in 2011 while less in 2009. This indicates that number of partnership basis Stock Brokers are increasing year by year in India.
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04 Corporate Basis Stock Brokers In India Table3.4
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SL.No 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 Exchanges Ahmedabad Bangalore BSE Bhubaneswar Calcutta Cochin Coimbatore Delhi Gauhati ISE Jaipur Ludhiana MPSE Madras NSE OTCEI Pune UPSE Vadodara 2011 177 131 1,087 19 201 81 48 268 3 348 18 89 42 85 1,239 536 54 73 64 2010 171 129 826 19 197 79 48 254 3 345 18 89 38 75 1,175 538 54 75 64 2009 161 126 805 19 200 79 48 213 3 347 18 87 34 73 1,125 545 55 77 64
Total
4563
4197
4079
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Corporate Basis Stock Brokers in India From the above table and chart we can see that number of corporate basis Stock Brokers in India in 2009 was 4079,in 2010 was 4197,and in current year 2011 it is 4563.we can see that corporate basis Stock Brokers in India are more in 2011,while less in 2009.this indicates that number of Stock Brokers are growing year by year.
05Number of Stock Brokers In India According to different basis -2009 Table 3.5
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Number of Stock Brokers In India According to different basis -2009 Proprietorship basis Stock Brokers 4288 Nos Percentage 49.56%
Partnership basis Stock Brokers Corporates basis Stock Brokers Total Stock Brokers
285 4079 8652
3.29% 47.14% 100%
Fig3.5
From the above Table & Pie diagram we can see that percentage of Proprietorship basis Stock Brokers in India in 2009 was 50%,Percentage of Partnership basis Stock Brokers in India was 3% and percentage of Corporate basis Stock Brokers in India was 47%. We can see that there were more Percentage of Proprietorship base Stock Brokers in India and less percentage of Stock Brokers of Partnership base Stock Broker in India.
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06Number of Stock Brokers In India According to different basis -2010 Fig3.6
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Number of Stock Brokers In India According to different basis -2010 Proprietorship basis Stock Brokers Nos 4317 Percentage 49.03%
290 4197 8,804
3.29% 47.67% 100%
From the above table & pie diagram we can see that Percentage of Proprietorship based Stock Brokers in India In 2010 was 49%,percentage of Partnership based Stock Brokers in India was 3%,Percentage of Corporate based Stock Brokers in India were 48%. We can see that there were more percentage of Proprietorship based Stock Brokers was More while percentage of Partnership based Stock Brokers were very less.
07Number of Stock Brokers In India According to different basis -2011 Table 3.7 Number of Stock Brokers In India Nos Percentage According to different basis -2011 Proprietorship basis Stock Brokers 4372 47.34%
Partnership basis Stock Brokers

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300
3.24%
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Corporates basis Stock Brokers Total Stock Brokers
4563 9235
49.40% 100%
From the above table & pie diagram we can see that there are 47% Proprietorship based Stock Brokers in India In 2011,3% Partnership based Stock Brokers in India,50%corporates based Stock Brokers in India. We can see that the more percent of Stock Brokers are based on Corporate Basis while very less Stock Brokers based on partnership basis.
08Total Assets A long-term tangible piece of property that a firm owns and uses in the production of its income and is not expected to be consumed or converted into cash any sooner than at least one year's time. Buildings, real estate, equipment and furniture are good examples of fixed assets. Formula of Total Assets : Total assets=current assets + fixed assets
Table3.8
1 2 3 4
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Total Assets Company Geojit BNP Paribas Financial Services India Infoline Ltd. Motilal Oswal Financial Services Sugal & Damani Share Brokers
2011
2010
2009 276.06 1,049.99 433.49 9.57

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356.5 319.05 1,554.51 1,605.86 512.58 13.9 532.8 12.58

5 Realigare Enterprises 3,201.11 2,583.29 Indiabulls Financial 11,000.0 6 Services 20,740.20 8 4396.467 2675.61 Average % % % Total Assets Fig 3.8 From the above table & chart we can see that average of total assets of stock Brokers in year 2009 was Rs2310.885,in 2010 it was Rs2675.61 and now in current year 2011 it is Rs4396.467.We can see that it was more in current year2011 while less in 2009,which indicates that total assets of Stock Broker in India are increasing year by year. 2,518.64 9,577.56 2310.885 %
09Total Liabilities Table 3.9 Total Liabilities Company

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2011
2010
2009
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Geojit BNP Paribas 1 Financial Services 2 India Infoline Ltd. Motilal Oswal 3 Financial Services Sugal & Damani 4 Share Brokers Realigare 5 Enterprises Indiabulls Financial 6 Services Average% Fig 3.9 356.51 1,554.5 3 512.57 319.04 1,605.86 532.81 276.06 1,049.98 433.46
13.9 12.56 9.56 3,201.1 2 2,583.28 2,518.64 20,740. 11,000.0 19 7 9,577.56 4396.47 2675.603 2310.877 % % %
From the above table & chart we can see that average of total liabilities of stock Brokers in year 2009 was Rs2310.877,in 2010 it was Rs 2675.603 and now in current year 2011 it is Rs4396.467.We can see that it was more in current year2011 while less in 2009,which indicates that total liabilities of Stock Broker in India are increasing year by year
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10Investments Investment is putting money into something with the expectation of gain, that upon thorough analysis, has a high degree of security for the principal amount, as well as security of return, within an expected period of time
Table 3.10
Investments Company Geojit BNP Paribas 1 Financial Services 2 India Infoline Ltd. Motilal Oswal 3 Financial Services Sugal & Damani 4 Share Brokers Realigare 5 Enterprises 6 Indiabulls Financial
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2011 120.2 1,000.09 83.26 1.09 3,093.51 3,465.27
2010 125.29 1,104.2 2 58.24 1.54 2,653.8 5 1,002.2
2009 150.44 869.31 31.35 1.9 2,023.55 1,373.75

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Services Average % 1 1293.903 824.225 741.7167 % % %
Fig3.10
From the above table & chart we can see that average of investments done by broker in India in 2009 was Rs741.7167,in2010 it was824.225 and now in year 2011 it isRs1293.903.we can see that investments of Stock Broker In India is more n 2011,while less in 2009.which indicates that Investments done by Stock Brokers are increasing year by year..
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11Profit Before Tax (PBT) Profit Before Tax measure combines all of the company's profits before tax, including operating, non-operating, continuing operations and non-continuing operations. PBT exists because tax expense is constantly changing and taking it out helps to give an investor a good idea of changes in a company's profits or earnings from year to year.
Table 3.10
1 2 3 4 5 6
PBT Company Geojit BNP Paribas Financial Services India Infoline Ltd. Motilal Oswal Financial Services Sugal & Damani Share Brokers Realigare Enterprises Indiabulls Financial Services Average
2011 63.8 173.58 56.52 1.28 10.61 761.98 177.961 7
2010 81.72 225.4 57.3 0.64 68.32 386.05 136.571 7
2009 20.26 151.51 61.01 -0.47 -9.99 245.07 77.8983 3
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Fig 3.10
From the above table and chart we can see that average of profit before tax of stock brokers in India in 2009 it was Rs77.89833,in 2010 136.5717,now in 2011 it is Rs177.9617.we can see that Profit before tax is more in 2011 while less in 2009.this indicates that Profit Before Tax of Brokers in India is increasing year by year.
11Profit After Tax :
PROFIT AFTER TAX (PAT) is the net profit earned by the company after deducting all expenses like interest, depreciation and tax. PAT can be fully
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retained by a company to be used in the business. Dividends, if declared, are paid to the share holders from this residue.
Table 3.11
Profit after tax(PAT) Company Geojit BNP Paribas 1 Financial Services 2 India Infoline Ltd. Motilal Oswal 3 Financial Services Sugal & Damani Share 4 Brokers 5 Realigare Enterprises Indiabulls Financial 6 Services Average
2011 48.73 122.36 42.66 0.91 5.1 608.69 138.07 5
2010 57.15 152.0 2 42.4 0.55 55.52 264.1 6 95.3
2009 14.52 105.83 45.31 -0.52 -15.96 190.17 56.5583 3
Fig3.11
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From the above table and chart we can see that average of Profit After Tax of stock Broker In India in 2009 was Rs56.55833,in 2010 was Rs95.3, now in current year it is Rs138.075. we can see that Profit after tax is more in 2011 while less in 2009 which indicates that Profit After Taxof Stock Brokers in India is increasing year by year
12Earning Per Share Earnings per share is generally considered to be the single most important variable in determining a share's price. It is also a major component used to calculate the price-to-earnings valuation ratio. The portion of a company's profit allocated to each outstanding share of common stock. EPS as an indicator of a company's profitability.
Table 3.12
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Earning Per Share(EPS) Company Geojit BNP Paribas Financial Services India Infoline Ltd. Motilal Oswal Financial Services Sugal & Damani Share Brokers Realigare Enterprises Indiabulls Financial Services Average
2011 2.13 4.27 2.95 1.46 0.37 19.57 5.125
2010 2.54 5.33 2.96 0.88 3.97 8.27 3.99166 7
2009 0.65 3.73 3.19 -0.83 -2.09 6.88 1.92166 7
1 2 3 4 5 6
Fig 3.12
From the above table & chart we can see that average of earning per share (EPS) of Stock Broker in India in 2009 was Rs1.921667,in 2010 was Rs3.991667 now in current year 2011 it is Rs5.125.we can see that EPS of Stock Brokers in India is more in 2011 while less in 2009 which indicates that EPS of Stock Brokers in India is increasing year by year.
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13Current Ratio Current Ratio is the relationship between current assets and current liabilities. This is defined as: Current Ratio = current assets Current liabilities Table 3.13 Current Ratio Company Geojit BNP Paribas Financial Services India Infoline Ltd. Motilal Oswal Financial Services Sugal & Damani Share Brokers Realigare Enterprises Indiabulls Financial Services Average
Fig 3.13
2011 2.01 1.03 4.75 1.25 0.44 3.13 2.10166 7
2010 1.53 0.97 7.37 1.66 97.46 1.97 18.4933 3
2009 1.32 1.11 11.42 18.9 0.25 2.07 5.845
1 2 3 4 5 6
From the above table & chart we can see that average of Current Ratio of Stock Brokers in India in 2009 was Rs5.845,in 2010 it was Rs18.49333, in current year it is Rs 2.101667.we can see that Current Ratio of Stock Brokers is more in 2009 and less in 2011.which indicates that current ratio of Stock Brokers is fluctuating year by year.
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14Investments Turnover Ratio Table 3.14 Investments Turnover Ratio Company Geojit BNP Paribas Financial Services India Infoline Ltd. Motilal Oswal Financial Services Sugal & Damani Share Brokers
2011 -13.13 -15.74 --14.35
2010
2009
1 2 3 4
---- 966.77 0.47 1.7
5 Realigare Enterprises Indiabulls Financial 6 Services Average
5.75 -155.5 4 882.68 -53.92 617.05
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Fig3.14
From The above table and chart we can see that average of Investment Turn Over Ratio of Stock Brokers in India in 2009 was Rs617.05,in 2010 it was Rs53.92 and now in current year it is Rs14.35.we can see that Investment Turnover Ratio is more in 2009 while less in 2011 which indicates that it is decreasing year by year.
1 2 3 4 5 6 Fig3.15
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15Total Income Table 3.15 Company Geojit BNP Paribas Financial Services India Infoline Ltd. Motilal Oswal Financial Services Sugal & Damani Share Brokers Realigare Enterprises Indiabulls Financial Services Average
2011 271.16 799.56 64.24 8.24 103.93 2,048.24 549.228 3
2010 287.17 698.19 64.25 8.57 135.5 1,420.29 435.661 7
2009 158.87 571.61 72.24 5.94 27.44 1,775.84 435.323 3
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From the above Table and chart we can see that Average of Total income of Stock Brokers in India in 2009 was Rs435.3233,in year 2010 was Rs435.6617,now in current year 2011 it is Rs549.2283. we can see that Total Income of Stock Brokers in India is more in 2011 while less in 2009 which indicates that it is growing year by year. Total Expenses Company Geojit BNP Paribas Financial Services India Infoline Ltd. Motilal Oswal Financial Services Sugal & Damani Share Brokers Realigare Enterprises Indiabulls Financial Services Average 2011 194.39 511.88 6.55 5.83 74.07 503.69 216.068 3 2010 193.39 419.14 4.1 7.14 40.95 492.99 192.951 7 2009 127.48 383.42 3.91 5.31 16.08 572.07 184.711 7 16 Total Expenses Table 3.16
1 2 3 4 5 6
Fig 3.16
From the above table and chart we can see that Average of Total Expenses of Stock Brokers in India in 2009 was Rs184.7117,in 2010 was Rs192.9517,in current year 2011 it is Rs216.0683
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We can see that total expenses of Stock Brokers in India was more in 2011 while less in 2009.which indicates that total expense of stock Brokers is growing year by year.
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Chapter 4 CONCLUSION
Stock Brokers helps the Investors(their clients) to invest by Buying and Selling Shares for them and sometimes by suggesting about which company to buy which company to Sell .At what time and what Price.
1.
2. 3. 4.
5.
6. 7.
Stock Brokers Buy and Sell for their Investors. There has been a tremendous growth in the Stock Brokering Services since 2009. Stock Brokers give market knowledge to their Client. Fixed Assets has increased more with the Stock Brokers in India. However, this shows a good sign of increase in consequent years as compared to base year. An investment made by Stock Brokers in India is Increasing Year by Year compared to basic Year2009 which is again a good sign of Stock Brokers in India. Number of Stock Brokers in India is growing Year by Year compared to base year 2009. Numbers of Corporate Stock Brokers are more in India compared to other Basis Stock Broker in India.
SUGGESTIONS
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In last section we study the various conclusions on analysis of Tables and Figures. From the conclusion and interpretation we found that the Stock Brokering services in India are getting stable, They are earnings are good as compared to that of olden days. In this Chapter we study the conclusion and giving suggestion on every conclusion with help of Tables and Figures. On the basis of the study conducted & project done the following suggestions can be given by the Researcher: The Liabilities of Stock brokers is increasing year by year which is a bed signature for Stock Brokers in India. Liabilities should be decreased. There is a huge competition in market so Stock Brokers Should give better Services to their clients. Stock Brokers should bring some new ideas and innovation for their Current Clients for attracting other clients in Market.
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ANNEXTURE Total Number of Stock Brokers In India
Proprietorship basis total number of Stock Broker in India
Corporate Basis Stock Brokers In India
Number of Stock Brokers In India According to different basis -2009
Total Assets
Total Liabilities
Investments
Profit before tax

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Profit after tax
Earning Per Share 2009 2010 Total Number of Current Ratio 8,652 8,804 Stock Brokers In India Investments Turnover Ratio Total Income 2011 9,235
Total Expenses
01Total Number of Stock Brokers In India
2Proprietorship basis total number of Stock Broker in India
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Stock Exchanges 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 Ahmedabad Bangalore BSE Bhubaneswar Calcutta Cochin Coimbatore Delhi Gauhati ISE Jaipur Ludhiana MPSE Madras NSE OTCEI Pune UPSE Vadodara
Total
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2011 137 135 183 196 656 351 88 181 93 566 457 216 160 112 73 147 124 252 245
4372
2010 139 129 147 195 667 350 87 169 94 569 460 209 153 104 68 148 125 259 245
4317
2009 143 128 148 194 682 346 87 130 99 570 464 212 139 96 61 149 126 269 245
4288
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03Partnership basis Stock Brokers in India
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SLNo 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 Exchanges Ahmedabad Bangalore BSE Bhubaneswar Calcutta Cochin Coimbatore Delhi Gauhati ISE Jaipur Ludhiana MPSE Madras NSE OTCEI Pune UPSE Vadodara
Total
2011 19 4 31 0 44 9 0 32 1 29 6 2 1 14 77 18 7 3 3
300
2010 19 3 30 0 44 9 0 32 1 29 6 2 1 14 67 18 7 5 3
290
2009 21 3 31 0 44 10 0 32 1 29 6 2 1 14 57 19 7 5 3
285
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SL.No 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 Exchanges Ahmedabad Bangalore BSE Bhubaneswar Calcutta Cochin Coimbatore Delhi Gauhati ISE Jaipur Ludhiana MPSE Madras NSE OTCEI Pune UPSE Vadodara 2011 177 131 1,087 19 201 81 48 268 3 348 18 89 42 85 1,239 536 54 73 64 2010 171 129 826 19 197 79 48 254 3 345 18 89 38 75 1,175 538 54 75 64 2009 161 126 805 19 200 79 48 213 3 347 18 87 34 73 1,125 545 55 77 64
Total
4563
4197
4079
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04 Corporate Basis Stock Brokers In India
Number of Stock Brokers In India According to different basis -2009 Proprietorship basis Stock Brokers
Nos
Percentage 49.56%
4288
285 4079 8652
3.29% 47.14% 100%
05Number of Stock Brokers In India According to different basis -2009 06Number of Stock Brokers In India According to different basis -2010
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Number of Stock Brokers In India According to different basis -2010 Proprietorship basis Stock Brokers Nos 4317 Percentage 49.03%
290 4197 8,804
3.29% 47.67% 100%
07Number of Stock Brokers In India According to different basis -2011 Number of Stock Brokers In India Nos Percentage According to different basis -2011 Proprietorship basis Stock Brokers 4372 47.34%
Partnership basis Stock Brokers
300
3.24%
Corporates basis Stock Brokers Total Stock Brokers
4563 9235
49.40% 100%
08Total Assets Total Assets

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Company Geojit BNP Paribas Financial Services India Infoline Ltd. Motilal Oswal Financial Services Sugal & Damani Share Brokers Realigare Enterprises Indiabulls Financial Services Average 09Total Liabilities Total Liabilities Company Geojit BNP Paribas 1 Financial Services 2 India Infoline Ltd. Motilal Oswal 3 Financial Services Sugal & Damani 4 Share Brokers 5 Realigare Enterprises Indiabulls Financial 6 Services Average 2011 356.51 2010 319.04 2009 276.06 1,049.9 8 433.46 9.56 2,518.6 4 9,577.5 6 2310.87 7 2011 2010 2009
1 2 3 4 5 6
356.5 319.05 276.06 1,554.51 1,605.86 1,049.99 512.58 532.8 433.49
13.9 12.58 9.57 3,201.11 2,583.29 2,518.64 20,740.2 11,000.0 0 8 9,577.56 4396.46 2310.88 7 2675.61 5
1,554.53 1,605.86 512.57 13.9 532.81 12.56
3,201.12 2,583.28 20,740.1 11,000.0 9 7 2675.60 4396.47 3
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10Investments Investments Company Geojit BNP Paribas 1 Financial Services 2 India Infoline Ltd. Motilal Oswal 3 Financial Services Sugal & Damani 4 Share Brokers 5 Realigare Enterprises Indiabulls Financial 6 Services Average
2011 120.2 1,000.09 83.26 1.09 3,093.51 3,465.27 1293.90 3
2010 125.29 1,104.2 2 58.24
2009 150.44 869.31 31.35
1.54 1.9 2,653.8 5 2,023.55 1,002.2 1 1,373.75 741.716 824.225 7
11Profit Before Tax Profit before tax Company Geojit BNP Paribas Financial Services India Infoline Ltd. Motilal Oswal Financial Services Sugal & Damani Share Brokers Realigare Enterprises Indiabulls Financial Services Average
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2011 63.8 173.58 56.52 1.28 10.61 761.98 177.961 7
2010 81.72 225.4 57.3 0.64 68.32 386.05 136.571 7
2009 20.26 151.51 61.01 -0.47 -9.99 245.07 77.8983 3

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1 2 3 4 5 6
11Profit After Tax :

Profit after tax Company Geojit BNP Paribas 1 Financial Services 2 India Infoline Ltd. Motilal Oswal 3 Financial Services Sugal & Damani Share 4 Brokers 5 Realigare Enterprises Indiabulls Financial 6 Services Average 12Earning Per Share Earning Per Share Company Geojit BNP Paribas 1 Financial Services 2 India Infoline Ltd. Motilal Oswal 3 Financial Services Sugal & Damani 4 Share Brokers 5 Realigare Enterprises Indiabulls Financial 6 Services Average 2011 48.73 122.36 42.66 0.91 5.1 608.69 138.07 5 2010 57.15 152.0 2 42.4 0.55 55.52 264.1 6 95.3 2009 14.52 105.83 45.31 -0.52 -15.96 190.17 56.5583 3
2011 2.13 4.27 2.95 1.46 0.37 19.57 5.125
2010 2.54 5.33 2.96 0.88 3.97 8.27 3.99166 7
2009 0.65 3.73 3.19 -0.83 -2.09 6.88 1.92166 7
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13Current Ratio Current Ratio Company 2011 2010 2009 Geojit BNP Paribas Financial Services 2.01 1.53 1.32 India Infoline Ltd. 1.03 0.97 1.11 Motilal Oswal 4.75 7.37 11.42 14Investments Financial Services Turnover Ratio Sugal & Damani Share 1.25 1.66 18.9 Brokers Investments Turnover Realigare Enterprises 0.44 97.46 0.25 Ratio Indiabulls Financial 3.13 2011 1.97 Company 2010 2.07 2009 Services 1 Geojit BNP Paribas ---Average Financial Services 2.10166 18.4933 5.845 713.13 3 -- 966.7 2 India Infoline Ltd. 7 Motilal Oswal Financial 3 Services -0.47 1.7 Sugal & Damani Share 4 Brokers 15.74 5.75 -155.5 882.6 5 Realigare Enterprises -4 8 Indiabulls Financial 6 Services --617.0 Average 14.35 53.92 5
1 2 3 4 5 6
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1 2 3 4 5 16 2
15Total Income Company Geojit BNP Paribas Financial Services India Infoline Ltd. Motilal Oswal Financial Services Sugal & Damani Total Expenses Share Brokers Company Realigare Enterprises Geojit BNP Paribas Indiabulls Financial Financial Services Services India Infoline Ltd. Average Motilal Oswal Financial
2011 271.16 799.56 64.24 8.24 2011 103.93 2,048.24 194.39 511.88 549.228 6.553 5.83 74.07 503.69 216.068 3
2010 287.17 698.19 64.25 8.57 2010 135.5 1,420.29 193.39 419.14 435.661 4.17 7.14 40.95 492.99 192.951 7
2009 158.87 571.61 72.24 5.94 2009 27.44 1,775.84 127.48 383.42 435.323 3.913 5.31 16.08 572.07 184.711 7
3 Services Sugal & Damani Share 4 Brokers 5 Realigare Enterprises Indiabulls Financial 6 Services Average Expenses
16 Total
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BIBLIOGRAPHY
As variety of different flowers make one beautiful collection. In same way i have collect all information & data too many topics for a way to i search. The sources of secondary data are as listed below:
Reference Book:
Financial markets and Services.Dr.k.Gordon,Natranjan Himalaya Publishing House. Fourth Revised edition : 2007
New Issue Market and Stock Exchange of India Chapter Investment Management
Webiblography:
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1. http://www.investopedia.com 2. http://www.sebi.gov.in 3. http://www.scribd.com
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Study of Stock Broker in India 2009-2011 201 1

Chapter -1 INTRODUCTION TO THE PROJECT

1.1Introduction to the Project

Study of Stock Broker in India 2009-2011 201 1

Study of Stock Broker in India 2009-2011 201 1

Study of Stock Broker in India 2009-2011 201 1

Study of Stock Broker in India 2009-2011 201 1

Chapter -2 PROFILE OF PORTFOLIO MANAGER

2.9List of Stock Brokers in India

Study of Stock Broker in India 2009-2011 201 1

2.1Definition : A stock broker or stockbroker is a regulated

Study of Stock Broker in India 2009-2011 201 1

Study of Stock Broker in India 2009-2011 201 1

2.4Code of conduct for Stock Brokers :

Study of Stock Broker in India 2009-2011 201 1

Study of Stock Broker in India 2009-2011 201 1

Study of Stock Broker in India 2009-2011 201 1

Study of Stock Broker in India 2009-2011 201 1

Study of Stock Broker in India 2009-2011 201 1

Study of Stock Broker in India 2009-2011 201 1

Study of Stock Broker in India 2009-2011 201 1

Study of Stock Broker in India 2009-2011 201 1

Study of Stock Broker in India 2009-2011 201 1

Study of Stock Broker in India 2009-2011 201 1

Study of Stock Broker in India 2009-2011 201 1

Study of Stock Broker in India 2009-2011 201 1

Kisan Ratilal Choksey Shares

Manubhai Mangaldas Securities

2.10Technology used by Stock Broker for Trading In India

Study of Stock Broker in India 2009-2011 201 1

National Exchange for Automated Trading(NEAT) :

Study of Stock Broker in India 2009-2011 201 1

Chapter 3 Presentation of Data

Study of Stock Broker in India 2009-2011 201 1

02Proprietorship basis total number of Stock Broker in India Table 3.2

Study of Stock Broker in India 2009-2011 201 1

Study of Stock Broker in India 2009-2011 201 1

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03Partnership basis Stock Brokers in India Table 3.3

Study of Stock Broker in India 2009-2011 201 1

Partnership basis Stock Brokers in India

Study of Stock Broker in India 2009-2011 201 1

04 Corporate Basis Stock Brokers In India Table3.4

Study of Stock Broker in India 2009-2011 201 1

Study of Stock Broker in India 2009-2011 201 1

Study of Stock Broker in India 2009-2011 201 1

285 4079 8652

3.29% 47.14% 100%

Study of Stock Broker in India 2009-2011 201 1

06Number of Stock Brokers In India According to different basis -2010 Fig3.6

Study of Stock Broker in India 2009-2011 201 1

290 4197 8,804

3.29% 47.67% 100%

Partnership basis Stock Brokers

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Corporates basis Stock Brokers Total Stock Brokers

2009 276.06 1,049.99 433.49 9.57

356.5 319.05 1,554.51 1,605.86 512.58 13.9 532.8 12.58

Study of Stock Broker in India 2009-2011 201 1

09Total Liabilities Table 3.9 Total Liabilities Company

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Study of Stock Broker in India 2009-2011 201 1

2011 120.2 1,000.09 83.26 1.09 3,093.51 3,465.27