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A STUDY ON ONLINE TRADING AND STOCK BROKING IN SHAREKHAN PVT. LTD.

, HYDERABAD INDUSTRY PROFILE: STOCK EXCHANGE:


Stock exchange means any body or individuals whether incorporated or not, constituted for the purpose of assisting, regulating or controlling the business of buying, selling or dealing in securities. The securities include: Shares of public company. Government securities. Bonds

HISTORY OF STOCK EXCHANGES:


The only stock exchanges operating in the 19 century were those of Mumbai
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setup in 1875 and Ahmedabad set up in 1894. These were organized as voluntary nonprofit-marking associations of brokers to regulate and protect their interests. Before the control on securities under the constitution in 1950, it was a state subject and the Bombay securities contracts (control) act of 1925 used to regulate trading in securities. Under this act, the Mumbai stock exchange was recognized in 1927 and Ahmedabad in 1937. During the war boom, a number of stock exchanges were organized. Soon after it became a central subject, central legislation was proposed and a committee headed by A.D.Gorwala went into the bill for securities regulation. On the basis of the committees recommendations and public discussion, the securities contract (regulation) act became law in 1956. NSE (National Stock Exchange) BSE (Bombay Stock Exchange)

SECURITIES AND EXCHANGE BOARD OF INDIA (SEBI)

STOCK MARKETS IN INDIA:


Stock exchanges are the perfect type of market for securities whether of government and semi-govt bodies or other public bodies as also for shares and debentures issued by the joint-stock companies. In the stock market, purchases and sales of shares are affected in conditions of free competition. Government securities are traded outside the trading ring in the form of over the counter sales or purchase. The bargains that are struck in the trading ring by the members of the stock exchanges are at the fairest prices determined by the basic laws of supply and demand.

COMPANY PROFILE SHAREKHAN


Sharekhan Indias leading stock broker is the retail arm of SSKI, an organization with over eighty years of experience in the stock market with more than 280 share shops in 120 cities and big towns, and premier online trading destination www.sharekhan.com. Sharekhan offers the trade execution facilities for cash as well as derivatives, on BSE and NSE, depository services, commodities trading on the MCX(Multi Commodity Exchange of India Ltd) and NCDEX (National Commodity and Derivative Exchange) and most importantly, investment advice tempered by eighty years of broking experience. Sharekhan provides the facility to trade in commodities through Sharekhan Commodities Pvt.Ltd-a wholly owned subsidiary of its parent SSKI. Sharekhan is the member of two major commodity exchanges MCX and NCDEX.

NEED FOR THE STUDY


The present study to review the online trading procedure a case study of ONLINE TRADING at SHAREKHAN., as the exchange has changed its trading from the outcry mode to online trading on 20 February 1997, there is need to assess
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the performance of the capital market.

OBJECTIVES OF THE STUDY


Following are the objectives set for the study: To study the functions of SHAREKHAN; To analyze the changes in trading after the exchange shifted from outcry to online trading system; and To evaluate the online screen based trading system adopted by SHAREKHAN.

METHODOLOGY OF THE STUDY:


The data collection methods include both primary and secondary collection methods. Primary data: This method includes the data collected from the personal interaction withauthorized members of Sharekhan Securities limited. Secondary data: The secondary data collection method includes: The lecturers delivered by the superintendents of respective departments. The brochures and material provided by Sharekhan Securities limited. The data collected from the magazines of the NSE, economic times, etc. Various books relating to the investments, capital market and other related topics.

LIMITATIONS OF THE STUDY:


The study is confined to online trading procedure only. Problems of listing are not covered due to limited time and to keep the study in manageable limits.

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