Hang Seng -
Hang Seng Index
Slide 2:Introduction to Indian Stock Exchange - BSE
Established in 1875. Oldest stock exchange in Asia. Established as “The NativeShare & Stock Brokers Association”
Stock exchange in the country to have obtained permanent recognition in 1956from GOI under Securities contract (regulation) Act 1956.s
There are 23 recognized stock exchanges in India
More than 6000 companies are listed on BSE.
Earlier an Association of Persons (AOP), the Exchange is now a demutualisedand corporatised entity incorporated under the provisions of the Companies Act,1956, pursuant
to the BSE(Corporatisation
and Demutualisation) Scheme, 2005.
The major indices on BSE are:Sector Based
BANKEX Index – HDFC, ICICI, IDBI etc.
BSE Metal Index – Hindalco, Jindal Steel, SAIL etc.
BSE Oil & Gas Index – Essar Oil, ONGC, IOC etc.Capitalization Based
BSE – Large Cap – Market Cap over 10,000 crores – Blue Chip Stocks
BSE – Mid Cap – Market Cap between 2000-10000 crores
BSE – Small Cap – Market Cap less than 2000 crores
Slide 3:Instrument traded on BSE:
are financial instruments that convey the right, but not the obligation,to engage in a future transaction on some underlying security.
Futures & Forwards
– While futures andforward contracts are both a contract to deliver
a commodity on a future date at a prearranged price, they are different in several respects:a) Forwards transact only when purchased and on the settlement date. Futures, on theother hand, are rebalanced, or "marked to market," every day to the daily spot price of aforward with the same agreed-upon delivery price and underlying asset. b) Futures are always traded on anexchange, whereas forwards always tradeover-the-
counter c) Futures are highly standardised, whereas some forwards are unique