stock exchange

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about the stock markets

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ASSIGNMENT- ASSIGNMENT INVESTMENTS Submitted by:- SUSHIL KUMAR PUJIL KHANNA ROBIN CHOUDHARY AVINASH JESWANI How Companies Raise The Capital  By following mean’s  Debentures  Equity  Loan’s Why Companies Issue Stock? When a company would like to grow, it issues stocks to raise funds and pay for ongoing business activities  It is popular because:  The company does not have to repay the money  Paying dividends is optional  Dividends are distributions of earnings paid to stockholders What is a Stock?  Stock is a share in the ownership of a company. It represents a claim on the company's assets and earnings  Whether you say shares, equity or stock, it all means the same thing. What is a stock market?  Place where business of buying and selling stock takes place  The stock market is not a specific place, though some people use the term "Dalaal Street” STOCK MARKETS ACROSS THE WORLD Stock exchange world wide  New York Stock Exchange - United States  NASDAQ (National Association of Security Dealers Automated Quotations) - United States  Shanghai Stock Exchange - China  Dow Jones Stock Exchange  Tokyo Stock Exchange TOKYO STOCK EXCHANGE MAY 15, 1878"TOKYO STOCK EXCHANGE CO., LTD." ESTABLISHED JUN. 30, 1943"JAPAN SECURITIES EXCHANGE", A QUASIGOVERNMENTAL ORGANIZATION, CREATED BY A MERGER OF ALL EXISTING STOCK EXCHANGES IN JAPAN APR. 1, 1949"TOKYO STOCK EXCHANGE" IN THE PRESENT FORM FOUNDED (OPENED ON MAY 16) APR. 1, 1968LICENSING SYSTEM FOR SECURITIES COMPANIES INTRODUCED IN PLACE OF REGISTRATION SYSTEM JUL. 1, 1969TOPIX (TOKYO STOCK PRICE INDEX) INAUGURATED (JANUARY 4,1968=100) SEP. 24, 1974MARKET INFORMATION SYSTEM (MIS) PUT INTO OPERATION MAR. 1. 2000HIROSHIMA AND NIIGATA STOCK EXCHANGES MERGE INTO TSE NASDAQ STOCK EXCHANGE THE NASDAQ WAS DEVELOPED IN 1971 AS THE FIRST ELECTRONIC STOCK EXCHANGE IN THE WORLD 2,500 OTC STOCKS WERE TRADED ON THE NASDAQ'S FIRST TRADING DAY, FEBRUARY 8, 1971 IN 1994 THE NASDAQ BEAT THE NYSE IN ANNUAL SHARES TRADED. IN 1998, THE NASDAQ MERGED WITH THE AMERICAN STOCK EXCHANGE AN ELECTRONIC STOCK EXCHANGE WITH 3,300 COMPANY LISTINGS. IT CURRENTLY HAS A GREATER TRADING VOLUME THAN ANY OTHER U.S. EXCHANGE, MAKING APPROXIMATELY 1.8 BILLION TRADES PER DAY NEW YORK STOCK EXCHANGE NEW YORK STOCK EXCHANGE: - THE NEW YORK STOCK EXCHANGE (NYSE) IS A STOCK EXCHANGE LOCATED AT 11 WALL STREET IN LOWER MANHATTAN, NEW YORK CITY, NEW YORK, USA. IT IS THE LARGEST STOCK EXCHANGE IN THE WORLD BY UNITED STATES DOLLAR VALUE OF ITS LISTED COMPANIES' SECURITIES. AS OF OCTOBER 2008, THE COMBINED CAPITALIZATION OF ALL DOMESTIC NYSE LISTED COMPANIES WAS US$10.1 TRILLION. SHANGHAI STOCK EXCHANGE SHANGHAI STOCK EXCHANGE: - THE SHANGHAI STOCK EXCHANGE (SSE) AT THE 2007, THE SHANGHAI STOCK EXCHANGE HAD 860 LISTED COMPANIES WITH A COMBINED MARKET CAPITALIZATION OF US$3.95 TRILLION, MAKING IT THE LARGEST IN CHINA AND SECOND LARGEST IN THE WORLD. THE CURRENT EXCHANGE WAS RE-ESTABLISHED ON NOVEMBER 26, 1990 AND WAS IN OPERATION ON DECEMBER 19 OF THE SAME YEAR. IT IS A NON-PROFIT ORGANIZATION DIRECTLY ADMINISTERED BY THE CHINA SECURITIES REGULATORY COMMISSION (CSRC). Stock exchange in India  The Bombay Stock Exchange (BSE)  National Stock Exchange of India Ltd (NSE) Bombay Stock Exchange (BSE)  Following is the timeline on the rise and rise of the Sensex through Indian stock market history.  1830's Business on corporate stocks and shares in Bank and Cotton presses started in Bombay.  1860-1865Cotton price bubble as a result of the American Civil War  1870 - 90's Sharp increase in share prices of jute industries followed by a boom in tea stocks and coal  1978-79 Base year of Sensex, defined to be 100. National Stock Exchange (NIFTY)  November 1992 as a tax-paying company  In April 1993, it was recognized as a stock exchange. INDEX  SENSEX  Sensex is an index, an index is basically an indicator.  It gives you a general idea about whether most of the stocks have gone up or most of the stocks have gone down. The sensex is an indicator of all the prices of the major companies of the BSE(Bombay stock exchange)  It includes 30 companies NIFTY(Nifty Fifty)  Nifty is an indicator of all the major companies of NSE.  The Nifty index is a composite of the top 50 stocks listed on the National stock exchange. It is a simplified tool which helps investors & ordinary people alike, understand what happens in the stock market & by extension, the economy. Market Timings Trading on the equities segment takes place on all days of the week (except Saturdays and Sundays and holidays declared by the exchange in advance) The market timings of the equities segment are: Normal market open : 09:55 hours Normal market close : 15:30 hours The closing session is held between 15.50 hours and 16.00 hours in NSE and 15.40 hours and 16.00 hours in BSE Trading on BSE and NSE  BSE and NSE provide trading facility on two segments ,which are - Cash Segment and - Derivative Segment  NSE also has another segment called WDM, Wholesale Debt Market. Circuit Breakers  An index based market-wide circuit breaker system applies at three stages of the index movement either way at 10%, 15% and 20%.  The breakers are triggered by movement of either S&P CNX Nifty or Sensex, whichever is breached earlier As an additional measure of safety, individual scrip-wise price bands has been fixed as below:  Daily price bands of 2% (either way) on a set of specified securities  Daily price bands of 5% (either way) on a set of specified securities  Daily price bands of 10% (either way) on another set of specified securities Securities and Exchange Board of India (SEBI)  SEBI is the Regulator for the Securities Market in India.  Originally set up by the Government of India in 1988, it acquired statutory form in 1992. Functions and Responsibilities (SEBI)  SEBI has to be responsive to the needs of three groups, which constitute the market:  the issuers of securities  the investors  the market intermediaries. How the Market Work NSE Broker Broker Public Public

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