Welcome to Scribd, the world's digital library. Read, publish, and share books and documents. See more
Download
Standard view
Full view
of .
Look up keyword or section
Like this
29Activity
P. 1
Stock Exchange

Stock Exchange

Ratings: (0)|Views: 443 |Likes:
Published by Jha Radhakant

More info:

Published by: Jha Radhakant on Aug 20, 2010
Copyright:Traditional Copyright: All rights reserved

Availability:

Read on Scribd mobile: iPhone, iPad and Android.
download as DOCX or read online from Scribd
See more
See less

04/12/2012

 
Page | 1
1.
 
Introduction to Financial Market
Introduction
Fin
a
nci
al market
is
a
n
 
ins
t
i
tut
ion
that fa
ci
l
i
tate
s
the ex
c
ha
n
ge
o
f
in
a
nci
al
ins
trume
n
t
s.
I
n
ge
n
eral, the f 
in
a
nci
al market d
ivi
ded
in
t
o
tw
o
part
s
, M
on
eymarket a
n
d
c
ap
i
tal market
.
Se
c
ur
i
t
i
e
s
market
is
a
n
 
i
mp
o
rta
n
t,
o
rga
niz
ed
c
ap
i
talmarket where tra
ns
a
c
t
ion
 
o
c
ap
i
tal
is
fa
ci
l
i
tated by mea
ns
 
o
f d
i
re
c
t
in
a
ncin
gu
sin
g
s
e
c
ur
i
t
i
e
s
a
s
a
co
mm
o
d
i
ty
.
Se
c
ur
i
t
i
e
s
market
c
a
n
be d
ivi
ded
in
t
o
a pr
i
marymarket a
n
d
s
e
con
dary market
.
 The
s
t
oc
k market
c
a
n
be a great
so
ur
c
e
o
con
fu
sion
o
r ma
n
y pe
o
ple
.
Thea
v
erage per
son
ge
n
erally fall
s
 
in
t
o
 
on
e
o
f tw
o
 
c
ateg
o
r
i
e
s.
The f 
i
r
s
t bel
i
e
v
e
inv
e
s
t
in
g
is
a f 
o
rm
o
f gambl
in
g; they are
c
erta
in
that
i
f y
o
u
inv
e
s
t, y
o
u w
i
ll m
o
retha
n
l
i
kely e
n
d up l
osin
g y
o
ur m
on
ey
.
Ofte
n
the
s
e fear
s
are dr
iv
e
n
by the per
son
alexper
i
e
nc
e
s
 
o
f fam
i
ly member
s
a
n
d fr
i
e
n
d
s
wh
o
 
s
uffered
si
m
i
lar fate
s
 
o
r l
iv
edthr
o
ugh the Great Depre
ssion.
The
s
e feel
in
g
s
are
no
t gr
o
u
n
d
in
fa
c
t
s
a
n
d are there
s
ult
o
f per
son
al exper
i
e
nc
e
.
S
o
me
on
e wh
o
bel
i
e
v
e
s
al
on
g th
is
l
in
e
o
f th
in
k
in
g
si
mply d
o
e
s
 
no
t u
n
der
s
ta
n
d what the
s
t
oc
k market
is
 
o
r why
i
t ex
is
t
s.
 The
s
e
con
d
c
ateg
o
ry
consis
t
s
 
o
f th
os
e wh
o
k
no
w they
s
h
o
uld
inv
e
s
t f 
o
r the l
on
g-ru
n
, but d
on
t k
no
w where t
o
beg
in.
Ma
n
y feel l
i
ke
inv
e
s
t
in
g
is
 
so
me
so
rt
o
f bla
c
k-mag
ic
that
on
ly a few pe
o
ple h
o
ld the key t
o.
M
o
re
o
fte
n
tha
n
 
no
t, they lea
v
ethe
i
r f 
in
a
nci
al de
cisions
up t
o
pr
o
fe
ssion
al
s
, a
n
d
c
a
nno
t tell y
o
u why they
o
w
n
apart
ic
ular
s
t
oc
k
o
r mutual fu
n
d
.
The
i
r
inv
e
s
tme
n
t
s
tyle
is
bl
in
d fa
i
th
o
r l
i
m
i
ted t
o
 th
is
 
s
t
oc
k
is
g
oin
g up
.
We
s
h
o
uld buy
i
t
.
Th
is
gr
o
up
is
 
in
far m
o
re da
n
ger tha
n
 
 
Page | 2
the f 
i
r
s
t
.
They
inv
e
s
t l
i
ke the ma
ss
e
s
a
n
d the
n
w
on
der why the
i
r re
s
ult
s
aremed
ioc
re (
o
r
in
 
so
me
c
a
s
e
s
, de
v
a
s
tat
in
g)
.
 
I
n
th
is
 
s
er
i
e
s
 
o
f le
ssons
, I
s
et
o
ut t
o
pr
ov
e that the a
v
erage
inv
e
s
t
o
r
c
a
n
e
v
aluatethe bala
nc
e
s
heet
o
f a
co
mpa
n
y, a
n
d f 
o
ll
o
w
in
g a few relat
iv
ely
si
mple
c
al
c
ulat
ions
, arr
iv
e at what they bel
i
e
v
e
is
the real
,
o
r
in
tr
insic
 
v
alue
o
f the
co
mpa
n
y
.
Th
is
w
i
ll all
o
w a per
son
t
o
l
oo
k at a
s
t
oc
k a
n
d k
no
w that
i
t
is
w
o
rth, f 
o
r
ins
ta
nc
e, $40 per
s
hare
.
Th
is
g
iv
e
s
ea
c
h
inv
e
s
t
o
r the freed
o
m t
o
k
no
w whe
n
a
s
e
c
ur
i
ty
is
u
n
der
v
alued,
inc
rea
sin
g the
i
r l
on
g-term retur
ns
 
s
ub
s
ta
n
t
i
ally
.
 Bef 
o
re we exam
in
e h
o
w t
o
 
v
alue a
co
mpa
n
y,
i
t
is
 
i
mp
o
rta
n
t t
o
u
n
der
s
ta
n
d the
n
ature
o
f bu
sin
e
ss
e
s
a
n
d the
s
t
oc
k market
.
Th
is
 
is
the
co
r
n
er
s
t
on
e
o
f lear
nin
g t
o
 
inv
e
s
t well
.
 
 
Page | 3
1.2
Primary Market
The
primary market
 
is
that part
o
f the
c
ap
i
tal market
s
that deal
s
w
i
th the
iss
ua
nc
e
o
n
ew
s
e
c
ur
i
t
i
e
s.
C
o
mpa
ni
e
s
, g
ov
er
n
me
n
t
s
 
o
r publ
ic
 
s
e
c
t
o
r
ins
t
i
tut
ions
 
c
a
n
 
o
bta
in
fu
n
d
in
g thr
o
ugh the
s
ale
o
f a
n
ew
s
t
oc
k
o
r b
on
d
iss
ue
.
Th
is
 
is
typ
ic
allyd
on
e thr
o
ugh a
s
y
n
d
ic
ate
o
s
e
c
ur
i
t
i
e
s
dealer
s.
The pr
oc
e
ss
 
o
s
ell
in
g
n
ew
iss
ue
s
 t
o
 
inv
e
s
t
o
r
s
 
is
 
c
alled u
n
derwr
i
t
in
g
.
I
n
the
c
a
s
e
o
f a
n
ew
s
t
oc
k
iss
ue, th
is
 
s
ale
is
 a
n
 
ini
t
i
al publ
ic
 
o
ffer
in
g (IPO)
.
Dealer
s
ear
n
a
co
mm
ission
that
is
bu
i
lt
in
t
o
thepr
ic
e
o
f the
s
e
c
ur
i
ty
o
ffer
in
g, th
o
ugh
i
t
c
a
n
be f 
o
u
n
d
in
the pr
os
pe
c
tu
s.
 
Features of Primary Market:
 
Th
is
 
is
the market f 
o
r
n
ew l
on
g term equ
i
ty
c
ap
i
tal
.
The pr
i
mary market
is
 the market where the
s
e
c
ur
i
t
i
e
s
are
so
ld f 
o
r the f 
i
r
s
t t
i
me
.
Theref 
o
re
i
t
is
 al
so
 
c
alled the
n
ew
iss
ue market (NIM)
.
 
 
I
n
a pr
i
mary
iss
ue, the
s
e
c
ur
i
t
i
e
s
are
iss
ued by the
co
mpa
n
y d
i
re
c
tly t
o
 
inv
e
s
t
o
r
s.
 
 
The
co
mpa
n
y re
c
e
iv
e
s
the m
on
ey a
n
d
iss
ue
s
 
n
ew
s
e
c
ur
i
ty
c
ert
i
ic
ate
s
t
o
the
inv
e
s
t
o
r
s.
 
 
Pr
i
mary
iss
ue
s
are u
s
ed by
co
mpa
ni
e
s
o
r the purp
os
e
o
s
ett
in
g up
n
ewbu
sin
e
ss
 
o
r f 
o
r expa
n
d
in
g
o
r m
o
der
nizin
g the ex
is
t
in
g bu
sin
e
ss.
 
 
The pr
i
mary market perf 
o
rm
s
the
c
ru
ci
al fu
nc
t
ion
 
o
f fa
ci
l
i
tat
in
g
c
ap
i
tal
o
rmat
ion
 
in
the e
cono
my
.
 
 
The
n
ew
iss
ue market d
o
e
s
 
no
t
inc
lude
c
erta
in
 
o
ther
so
ur
c
e
s
 
o
n
ew l
on
gterm exter
n
al f 
in
a
nc
e,
s
u
c
h a
s
l
o
a
ns
fr
o
m f 
in
a
nci
al
ins
t
i
tut
ions.
B
o
rr
o
wer
s
 
in
the
n
ew
iss
ue market may be ra
isin
g
c
ap
i
tal f 
o
r
conv
ert
in
g pr
iv
ate
c
ap
i
tal
in
t
o
publ
ic
 
c
ap
i
tal; th
is
 
is
k
no
w
n
a
s
"g
oin
g publ
ic.
"

Activity (29)

You've already reviewed this. Edit your review.
1 hundred reads
1 thousand reads
vivsencu liked this
Nitin Kachhadiya liked this
Reetesh Kukekar liked this
Ghanshyam Mishra liked this
ramyamukhami liked this
eeshwer liked this
praradhadevi liked this

You're Reading a Free Preview

Download
scribd
/*********** DO NOT ALTER ANYTHING BELOW THIS LINE ! ************/ var s_code=s.t();if(s_code)document.write(s_code)//-->