Professional Documents
Culture Documents
JOBBER BROKER
A jobber is an independent A broker deals with the jobber
dealer in securities, purchasing on behalf of his clients. in other
or selling securities on his own words, a broker is a middleman
account between a jobber and clients
A jobber deals only with the A broker is merely an agent,
brokers ,does not deal with the buying or selling securities on
general public behalf of his clients
A jobber earns profit from his A broker gets only
operations i.e., buying and
selling activities
commission for his dealings
Each jobber specializes in certain The broker deals in all
group of securities types of securities
SPECULATION AND SPECULATOR
SPECULATION : It is the transaction of members to
buy or sell securities on stock exchange with a view to
make profits to anticipated raise or fall in price of
securities.
SPECULATOR : The dealer in stock exchange who
indulge in speculation are called speculator . They do not
take delivery of securities purchased or sold by them , but
only pay or rescue the difference between the purchase
price and sale price . The different types of speculators are
BULL
BEAR
STAG
LAME DUCK
BULL {TEJIWALA}
He is speculator who
expects future fall in prices
, he does an agreement to
sell securities at future
date at the present market
rate .
He is called as bear because
his altitude resembles with
bear , as the bear tends to
stamp its victims down to
earth through its paws . In
simple the bear speculator
forces of prices of
securities to fall through
his activities.
STAG {DEER}
He operates in new issue
of market . He is just like a
bull speculator . He applies
large number of shares in
the issue market only by
paying , application money
, allotment money. He is
not a genuine investor
because , he sells the
alloted securities at the
premium and makes profit.
In simple he is cautious in
his dealings . He creates an
artificial rise in prices of
new shares and makes
profits.
LAME DUCK
He is speculator when the
bear operator finds it
difficult to deliver the
securities to the consumer
on a particular day as
agreed upon , he struggles
as a lame duck in fullfilling
his commitment . This
happens when the prices
do not fall as expected by
the bear and the other
party is not willing to
postpone the settlement to
the next period.
Largest stock exchanges
IN THE WORLD IN INDIA
LONDON STOCK EXCHANGE NATIONAL STOCK EXCHANGE
NEW YORK STOCK EXCHANGE BOMBAY STOCK EXCHANGE
SHANHAI STOCK EXCHANGE CALCUTTA STOCK EXCHANGE
AUSTRALIA STOCK EXCHANGE COCHIN STOCK EXCHANGE
TOKYO STOCK EXCHANGE
MULTI COMMODITY
HONG KONG STOCK EXCHANGE
EXCHANGE
TORONTO STOCK EXCHANGE DERIVATIVES EXCHANGE
DEUTSCHE BORSE OTC EXCHANGE
BM&F BOVESPA PUNE STOCK EXCHANGE
NASDAQ OMX STOCK INTERCONNECTS EXCHANGE
EXCHANGE
LONDON STOCK EXCHANGE
It was the first stock exchange established by
east India company in 18th century in London.
The top gainer of LONDON STOCK EXCHANGE
is “Blue chip shares”.
BOMBAY STOCK EXCHANGE
Features of NSEI
Nation wide coverage i.e., investors from all over country
Ringless i.e., it has no ring or trading floor
Screen-based trading i.e., trading in this stock exchange is done electronically.
Transparency,i.e.,the use of computer screen for trading makes the dealings in
securities transparent.
Professionalization in trading, i.e., it brings professionalism in its functions
OVER-THE-COUNTER EXCHANGE
OF INDIA(OTCEI)
The OTCEI is a national,ringless and computerized stock
exchange. It was established in october,1990.it started its
operation in september,1992.
Features of OTCEI
1. It is a nation-wide stock exchange. Its operational areas cover entire India.
2. It is a ringless stock exchange. The trading ring(i.e., trading place)commonly found in a
traditional stock exchange is not found in the OTCEI.
3. It is a computerized stock exchange
Advantages of OTCEI
1. It helps the investors to have easy and direct access to the stock exchange
2. It helps investors to get fair prices for their securities
3. It provide safety to the investors
4. To provide computerized trading system
5. To provide investors a convenient,effcient and transparent mode of
investment
SECURITIES AND EXCHANGE
BOARD OF INDIA(SEBI)
The SEBI was constituted on 12th April,1988 under a
resolution of the Government of India. On 31st
january,1992,it was made a statutory body by the
Securities and Exchange board of India Act,1992.
The Companies (Amendment) Act,2000 has given certain
powers to SEBI as regards the issues and transfer of
securities and non-payment of dividend
Function Of SEBI
Regulating the business in stock exchange and any other securities
markets.
Promoting and regulating self-regulatory organization.
Registering and regulating the work of collective investment
scheme,incluing mutual funds.
Prohibiting fraudulent and unfair trade practices relating to
securities market.
Promoting education, and training of intermediaries of securities
market
Power of SEBI
Power to approve the bye-laws of stock exchange
Power to inspect the books of accounts
Power to grant license to any person for the purpose of dealing in certain areas.
Power to delegate powers exercisable by it.
Power to try directly the foliation of certain provision of the company Act
How to see the value of
shares in stock exchange
SENSEX is an indicator to checkout in
BSE
NIFTY is an indicator to checkout in NSE
Latest news of BSE and NSE
Most profitable company in BSE is GMR Infra
Most profitable company in NSE will be
RELIANCE and ICICI
During last three months nearly only 26% of
profit is earned by our stock exchanges the
working hours will be
From 9:30 to 3:30 from Monday to Friday
The Daily graph of the
companies will be showed in
following manner
How stock exchanges get
money
They get their money by listing fees
paid by the corporation to have their
company traded
HOW TO DEAL AND INVEST IN
STOCK EXCHANGE
In order to deal with a securities one as to have an
account called Demat a/c or Trading a/c. It is just like a
bank account. Same procedure of opening the bank
account is followed to open the a/c. But all the banks
does not give this facility of opening the account , only
few banks provide this facility. After demat a/c or
Trading a/s is opened then the securities is bought and
sold. The banks which gives facility of demat a/c in
India is
ICICI Bank
Citi Bank
Bank of Baroda
HAPPY INVESTMENT WITH
LOTS OF PROFITS
END
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