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Presented by-
by-
Vivek Kothari
Yaman Tiwari

 c

The capital market (securities markets) is the market


for securities, where companies and the government can
raise long
long--term funds.
funds. The capital market includes the
stock market and the bond marketµ.
marketµ.

In other words,
 market for medium to long long--term financial
instruments.. Financial instruments traded in the
instruments
capital market include shares, and bonds issued by the
Government, corporate borrowers and financial
institutions..µ
institutions
c
 Indian Stock Markets are one of the oldest in sia.
Its history dates back to nearly 200 years ago.

 y 1830's business on corporate stocks and shares


in ank and Cotton presses took place in ombay.

 The 1850's witnessed a rapid development of


commercial enterprise and brokerage business.

 In 1860-
1860-61 -, the 'Share Mania' in India begun.
c
 1874 ² Dalal street

 1940 ² Uttar Pradesh stock exchange Ltd.

 1944 - Hyderabad Stock Exchange Ltd


Ltd

 1947 - Delhi Stock Exchange ssociation Ltd.

 1963 - angalore Stock Exchange Ltd.

 1992
1992-- National stock exchange Ltd.

 major development in our country post
1991 has been liberalization of the
financial sector, especially that of capital
markets..
markets

 ur country today has one of the most


prominent and followed stock exchanges in
the world
world.. Further, India has also been
consistently gaining prominence in
various international forums
forums..
?  
Ë?aising of long term Capital
ËMobilization of Savings & acceleration of
Capital Formation
ËPromotion of Industrial Growth
Ë?eady & Continuous Markets
ËProper Channelization of Funds
Ë Provision of a variety of Services
V  !
Ë : Enable q uick valuation of
financial instruments

Ë : Provide insurance against market


risk or price risk

Ë : Enable wider participation

Ë : Provide operational efficiency through


V  ! 

Ë : Provide operational efficiency


through
- simplified transaction procedure
- lowering settlement timings
- lowering transaction costs
V  "# 
#$%
#$%

c
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Ë Establishment of Development banks & Industrial
financial institution.
Ë Legislative measures

Ë Growing public confidence

Ë Setting up of SE I

Ë Mutual Funds

Ë Credit ?ating gencies

Ë Increasing awareness of investment opportunities

Ë Growth of underwriting business


c!&
c%#'
Ë1 9 9 4 - E q u i t y T r a d i n g c o m m e n c e s o n
NSE
Ë1 9 9 5 - l l T r a d i n g g o e s E l e c t r o n i c
Ë1 9 9 6 - D e p o s i t o r y c o m e s i n t o e x i s t e n c e
Ë1 9 9 9 - F I I s P a r t i c i p a t i o n - G l o b a l i s a t i o n
Ë2 0 0 0 - o v e r 8 0 % t r a d e s i n D e m a t f o r m
Ë2 0 0 1 - M a j o r S t o c k s m o v e t o ? o l l i n g
Sett
Ë2 0 0 3 - T + 2 s e t t l e m e n t s i n a l l s t o c k s
Ë2 0 0 3 - D e m u t u a l i s a t i o n o f E x c h a n g e s
c( !

* Each scam has brought in reforms ² 199 2 /


2 001
* Screen based Trading through NSE
* Capital ade q uacy norms stipulated
* Dematerialization of Shares - risks of
fraudulent paper eliminated
* Entry of Foreign Investors
* Investor awareness programs
!)*+++
* Corporatisation of exchange
memberships
* anning of adla / L M
* Introduction of Derivative products
- Index / Stock Futures & ptions
* STP - electronic contracts
* Margin Lending
* Securities Lending
    ,   c    - .  /  0  1  * + + 2 3

Ë2 2 Stock Exchanges

Ë ver 10,000 Electronic Terminals at over


400 locations all over India.

Ë 9108 Stock rokers and 14582 Sub


brokers

Ë 9644 Listed Companies


!4  
!5&
The National stock exchange .(NSE)

The ombay stock exchange. ( SE).


„ /, cc , ,6

 News about company.

 News about the country.

 Exchange rate regime.

 Depends on demand and


supply for that stock.
 „ c, V

, c  
 Unethical practices.

 ig irrational greed, excessive


speculation.

 Lack of protection to interests of


the genuine and small
investors .

 rganizational imbalance in
the growth of the stock market.

NY QUESTINS ND
SUGGETINS...? ?