A

PROJECT REPORT
ON
A STUDY ON EQUITY ANALYSIS WITH REFERENCE TO IT & BANKS
Submitted By
SUSHANT SHEKHER
H. T. NO. 2146 16 672 002

UNDER THE GUIDENCE OF

Ms. Bharathi
ASSO. PROFESSOR

SUBMITTED IN PARTIAL FULFILMENT OF THE REQUIREMENTS

FOR THE AWARD OF THE
MASTER’S DEGREE IN BUSINESS ADMINISTRATION
(2016-2018)

DEPARTMENT OF BUSINESS ADMINISTRATION

PADALA RAMA REDDI COLLEGE OF COMMERCE AND
MANAGEMENT
(Affiliated to Osmania University)
NARSINGI, GANDIPET ROAD,
R.R. DIST - 500085
EXECUTIVE SUMMARY

The project entitled equity analysis two different Industries is basically useful for the investors
who invest in the stocks in share market. Findings of this study help on investors to evaluate a
particular company’s performance in the industry and its share in movement in the market by
using simple techniques.
The analysis is done because the security prices in an effective capital market fully reflect their
investment value as the market as the capability to intentionally impound the give set of
information in to pricing process.
The empirical findings would be useful to investors as it provides evidence of time varying
nature of the stock market volatility. Investors aim at making mare profitable and less risky
investments. Therefore, the need of study and analyze stock market, among many other factors
before making investments decisions, but is impossible to consistently make abnormal returns
using trading strategy based on a given set of information when the markets are efficient.
Thus this study of equity analysis will be an effective guide for investors of stocks for the
profitable investment returns.
INDEX PAGE NO
CHAPTER I
INTRODUCTION 1
NEED OF THE STUDY 4
SCOPE OF THE STUDY
OBJECTIVES OF THE STUDY 5
RESEARCH METHODOLOGY 6
LIMITATIONS OF THE STUDY 7
CHAPTER II
REVIEW OF LITERATURE 8
CHAPTER III
INDUSTRY & ORGANIZATIONAL PROFILES 16
CHAPTER IV
DATA ANALYSIS & INTERPRETATION 22
CHAPTER V
FINDINGS 54
CONCLUSIONS 55
BIBLIOGRAPHY 56

5
 CHAPTER I
INTRODUCTION

6
INTRODUCTION

The stock market has been a part of people's lives throughout the
twentieth century. Millions of people around the world have money
invested in their countries own respective markets. Since the coming of
age of online trading, more people have been investing their money in
stocks than ever before because of the advantage s it offers. Online trading
allows people to trade stocks quickl y without the help of a broker, letting
the investors have more control over their transactions. The competition
between companies has helped decrease the cost of making the
transactions. In a ddition to that, ordinary people now have access to
information that could onl y be seen by broke`. Overall, online trading
saves time, money and gives power to the investor rather than the broker.
The securities can invest in shares, government securities, Derivative
products, commodities
In financial markets, stock is the capital raised by a corporation through
the issuance and distribution of shares. A person or organization which
holds shares of stocks is called a shareholder. The aggregate value of a
corporation's issued shares is its m arket capitalization. When one buys a
share of a company he becomes a shareholder in that company. Shares are
also known as Equities. Equities have the potential to increase in value
over time. It also provides the portfolio with the growth necessary to
reach the long-term investment goals. Research studies have proved that
the equities have outperformed than most other forms of investments in
the long term. Equities are considered the most challenging and the
rewarding, when compared to other investment op tions. Research studies
have proved that investments in some shares with a longer tenure of
investment have yielded far superior returns than any other investment.
However, this does not mean all equity investments would guarantee
similar high returns. Equ ities are high-risk investments. One needs to
study them carefull y before investing. Since 1990 till date, Indian stock
7
 market has returned about 17% to investors on an average in terms of
increase in share prices or capital appreciation annuall y. Besides that on
an average the stocks have paid @1.5% dividend annuall y. Dividend is a
percentage of the face value of a share that a company returns to its
shareholders from its annual profits. Compared to most other form of
investments, investing in equit y share s offers the highest rate of return, if
invested over a longer duration .

STRUCTURE OF THE CAPITAL MARKET

CAPITAL
MARKET

BUYING / SELLING

AMBI MARKET REGULATOR

(SEBI)
RAIN
SROs

AMFI

MARKET
Investment
Bankers Portfolio
Managers
INTERMEDIARIES
R&T
Agents Investment
Analyssts

Mutual
Funds Under-
Stock Brokers writers
Ecxhanges

8
FUNDAMENTAL ANALYSIS

Fundamental Anal ysis aims to understand and forecast the intrinsic value
of stocks based on a thorough anal ysis of various macros, company -
specific as well as qualitative and quantitative factors. There are 2
approaches to fundamental anal ysis as well. They are Top -Down approach
and Bottom-up Approach.

Top-down approach

This is also known as the Econom y -Industry-Company or the EIC

approach wherein the anal yst starts analyzing the econom y at large and
delving down further into the relevant sector and then the company in
particular. This approach is one of the most preferred ones by
fundamental anal ysts and provides a holistic view of things. The anal yst
first anal yses the trends makes forecasts for the econom y, then he does
the same for the particular industry.
Then he picks up the stocks from that industry and follows the same
approach for valuing the stocks. The most attractive stocks are then
chosen from amongst them for inves tment purpose.

9
NEED OF THE STUDY
The need of the study is to describe the techniques and planning in
present investment environment. Apart from this, the objective of this
study is to keenl y understand issues, examines all the essential anal ysis
and techniques as to how to appl y them successfull y. It incorporates
sections on fundamental anal ysis in the contexts of various companies in
the stock markets. The purpose of the study is to suppl y, inform suitable
guidance to retail investors. For the purpose of study the volatilit y in the
banking industries stock prices for certain period are considered. For this
study the data collected are return and risk of investing an industrial
stock. Equit y anal ysis and market price of shares of WIPRO, Infosys IT
companies and SBIN & IC IC I BANK are considered for the study.

SCOPE OF THE STUDY

• This study cover introduction to capital market and trading to serve as basic
material for capital market operations.
• However basic fundamentals have been brought out which can be also helpful for
the study in large scale studies.

• Anal ysis based on onl y correlation to one sector stocks to other

stocks and shown impact of financial results impact onl y and not
applied any research.
• For this study the data collected are r eturn and risk of investing an
industrial stock
• It incorporates sections on fundamental anal ysis in the contexts of
various companies in the stock markets.

10
OBJECTIVES OF THE STUDY
• To understand how Equity markets differs with respect to IT & Banks.
• To understand the performance of FOUR Indian companies of the above two
sectors.
• To make comparative analysis of inter and intra sectors, basing on past 3
MONTHS data, And to analyze performance with factors from period 01st
JANUARY 2017 to 31st MARCH 2017.
• To evaluate the investment prospects of these companies.
• To describe the techniques and planning in present investment environment apart
from this, the objective of this study is to keenly understand issues, examines all
the essential analysis and techniques as to how to apply them successfully.
• It incorporates sections on fundamental analysis in the contexts of various
companies in the stock markets.

11
RESEARCH METHODOLOGY
All information related to the topic needs to be carefully scrutinized to avoid the risk of
biased analysis. Having once identified which information is relevant and need to be
collected, we will have to define how this will be done.
 Research Design:
Research design is some statement or specification of procedures for collecting and
analyzing the information required for the solution of some specific problem. Here, the
exploratory research is used as investigation and is mainly concerned with determining
the trends and returns in IT and Banking sectors.
 Data Collection Methods:
The key for creating useful system is selectivity in collection of data and linking that
selectivity to the analysis and decision issue of the action to be taken. The accuracy of
collected data is of great significance for drawing correct and valid conclusions from the
research.
 Sources of Information:
Data available in marketing research are either primary or secondary. Primary Data is not
included in this study, only secondary data is taken in to account since, it is a comparative
analysis
❖ Secondary Data:

Secondary data can be defined as - “data collected by someone else for purpose other
than solving the problem being investigated”. Secondary data is collected from external
sources which include information from published material of SEBI and some of the
information is collected online. The data sources also include various books, magazines,
newspapers, websites etc. The organization profile is collected from the Hyderabad Stock
Exchange.

12
LIMITATIONS OF THE STUDY
Duration of the project i s onl y 45 days, so not possible to evaluate other
sector performance also.
• There is a time frame for every company, like not taken historical
dail y records into consideration.
• Anal ysis based on onl y correlation to one sector stocks to other
stocks and shown impact of financial results impact onl y and not
applied any research.
• The information which I am going to mention is completel y
secondary data.

13
 CHAPTER II
REVIEW OF LITERATURE

14
REVIEW OF LITERATURE
The concept of capital market is in a way 130 years old. Capital market was known as
“share market” it was also treated as a ”satta bazaar” starting of capital market concept in
India took place with the birth of Bombay Stock Exchange.
A securities contract (Regulation) Act of 1956 of India was first major step to recognize
capital market. Bombay Stock Exchange got first recognition in 1956 under this act.
Bombay Stock Exchange, which was the major stock exchange, in way had monopoly in
the Indian capital market till the birth of National Stock Exchange. Bombay Stock
Exchange celebrated its 125th jubilee year in the 2000. The capital market, the stock
exchange, the Equity concept was baby till 1960. And the concept of mutual fund was
introduced by the government with the formation of Unit Trust of India in 1963-64.
Capital market in India is a new development compared to the western world. India was
known as under developed country from the view point of economic and industrial
growth. After getting freedom in 1947, India started thinking about planned development
in 1948. The first industrial policy development statement was made on April 6th 1948.
The concept of capital market is directly linked with industrial development of country. It
is also treated as barometer of economic growth. Industrial development started in India
in 19th century, there were very few entrepreneurs known as Tata’s, Birla’s, etc. who
started industries in their own country i.e. India. In the 20th century first quarter, this
group started big industries in major metropolitan cities.
Stock exchanges have a very important function to fulfill in the country’s economy. Its
main function is to liquefy capital by enabling a person who has invested money in.
The stock exchange is really an essential pillar of the private sector corporate economy.
The stock exchange provides a market place for purchase and sale of securities i.e.
shares, bonds, debentures, etc.…
The stock exchange provides the linkage between the saving in the house hold sector and
the investment in corporate economy.
By providing a market quotation of the prices of shares and bonds a sort of collective
judgment simultaneously reached by many buyers and sellers in the market. The stock

15
exchanges serve the role of barometer. Exchanges serve the role of barometer, not only
the state of health of individual companies, but also of the nation’s economy as a whole.
Another important function that the stock exchange in India discharge is of providing
market for gilt-edged securities i.e. securities issued by the government sectors,
municipalities, improvement trust, and other public bodies.
There are 22 stock exchange in India, the first being the Bombay Stock Exchange
(BSE),which began formal trading in 1875, making it one of the oldest in Asia. Over the
last few years, there has been a rapid change in the Indian securities market, especially in
the secondary market. Advanced technology and online-based transactions have
modernized the stock exchanges. In terms of the number of companies listed and total
market capitalization, the Indian equity market is considered large relative to the
country’s stage of economic development. The number of listed companies increased
from 5,968 in MARCH 1990 to about 10,000 by May 1998 and market capitalization has
grown almost 11 times during the same period. The debt market, however, is almost
nonexistent in India even though there has been a large volume of Government bonds
traded. Banks and financial institutions have been holding a substantial part of these
bonds as statutory liquidity requirement. The portfolio restrictions on financial
institutions statutory liquidity requirement are still in place.
A primary auction market for Government securities has been created and a primary
dealer system was introduced in 1995. There are six authorized primary dealers.
Currently, there are 31 mutual funds, out of which 21 are in the private sector. Mutual
funds were opened to the private sector in 1992. Earlier, in 1987, banks were allowed to
enter this business, breaking the monopoly of the Unit Trust of India (UTI), which
maintains a dominant position. Before 1992, many factors obstructed the expansion of
equity trading. Fresh capital issues were controlled through the Capital Issues Control
Act. Trading practices were not transparent, and there was a large amount of insider
trading. Recognizing the importance of increasing investor protection, several measures
were enacted to improve the fairness of the capital market. The Securities and Exchange
Board of India (SEBI) was established in 1988. Despite the rules it set, problems

16
continued to exist, including those relating to disclosure criteria, lack of broker capital
adequacy, and poor regulation of merchant bankers and underwriters.
There have been significant reforms in the regulation of the securities market since 1992
in conjunction with overall economic and financial reforms.
In 1992, the SEBI Act was enacted giving SEBI statutory as an apex regulatory body.
And a series of reforms was introduced to improve investor protection.
Automation of stock trading, Integration of National stock market and efficiency of
market operation. India has seen a tremendous change in the secondary market for equity.
Its equity market will most likely be comparable with the world’s most advanced
secondary markets within a year or two. The key ingredients that underlie market quality
in India’s equity market are:
• Exchange based on open electronic limit order book;
• Nationwide integrated market with a large number of informed traders and fluency
of short or long positions; and
• No counter party risk.

APRIL 20, 2017:

Terry Smith Investment in stocks and shares — equities — has a unique advantage over
other asset classes which in my experience is rarely understood and almost never
discussed. Equities can compound in value in a way that investments in other asset
classes, such as bonds and real estate, cannot. The reason for this is quite simple:
companies retain a portion of the profits they generate to reinvest in the business. If you
look at companies in the major indices, such as the S&P 500 or the FTSE 100, you will
find that on average companies pay out about half of their earnings in dividends. The
earnings that are not paid out are invested in the business. No other asset class provides
this. If you own bonds, you receive an interest payment but it is not automatically
reinvested in the bonds. The only exception to this is so-called payment-in-kind bonds
issued by highly leveraged companies, which provide the option for them to issue more
bonds if they are unable to pay the cash coupon. So you get more bonds but only at a

17
moment when the last thing you want is for your interest payment to be invested in more
of this junk. Similarly, if you own real estate, you will receive rental income but none of
it will be reinvested in property for you. As well as being a unique feature of equity
investment, this can also be a valuable source of compounding in the value of your
investments. For example, if you owned the average company in the S&P 500 it earned a
return on equity capital employed of 13 per cent last year. If it can retain half the earnings
which are attributable to you as an investor and it can continue to invest at its current rate
of return as its business grows, that half should also earn 13 per cent. More from Terry
Smith Emerging markets ETFs and the jaws of death What the ‘Nifty Fifty’ can tell us
about bond proxies Investors should not write off bond proxies What makes it even more
attractive is that on average the companies in the S&P 500 trade on three times book
value, so for every dollar of earnings they retain, they currently create $3 of market value,
although of course this — the valuation — can change. This is not the same as the
frequently uttered mantra that the majority of the return on equities comes from
reinvestment of the dividends paid. Dividends which are reinvested have to be used to
purchase shares at market value — at three times book value currently in the S&P —
whereas each $1 of retained earnings gets reinvested at book value. It is the reinvestment
of retained earnings, not dividends, which provide the majority of the growth in the value
of equities. Of course, what is even more attractive is if instead of simply owning the
index and seeing the companies reinvest your retained earnings at an average rate of
return, you own only companies which can achieve a high return on capital and which
can as a result manage to translate each $1 of retained earnings into a market value which
is a much higher multiple of book value. If you follow this reasoning you would conclude
that if a company is able to invest retained earnings at a high rate of return then the last
thing you would want it to do is pay you a dividend. This is perhaps best illustrated by
Warren Buffett’s Berkshire Hathaway, which has not paid a dividend in over half a
century. Of course this needs to be pursued with care. There is a reasonably sound piece
of economic theory called mean reversion which suggests that companies which generate
high returns should attract competition, which will eventually reduce their returns to the
average, or worse. The very small groups of companies that manage to avoid this

18
economic law of gravity have some kind of defense which enables them to fend off the
competition. This is the oft-quoted concept of the “moat” popularized by Mr. Buffett. In
this article I have described the benefit of equity investment purely in financial terms, but
the company has to have a source of growth to enable it to reinvest retained earnings and
furthermore, the growth has to provide an opportunity for it to reinvest at a good rate.
There are plenty of examples of companies which start with good rates of return but then
invest retained earnings at much lower rates and destroy value for shareholders. For an
illustration of this, read my article on what went wrong at Tesco.

WHAT IS THE 'EQUITY MARKET'

The market in which shares are issued and traded, either through exchange or over the
counter markets. Also known as the stock market, it is one of the most vital areas of
a market economy because it gives companies access to capital and investors a slice of
ownership in a company with the potential to realize gains based on its future
performance.

BREAKING DOWN 'EQUITY MARKET'

Equity markets are the meeting point for buyers and sellers of stocks.
The securities traded in the equity market can be either public stocks, which are those
listed on the stock exchange, or privately traded stocks. Often, private stocks are traded
through dealers, which is the definition of an over-the-counter market.

STOCK EXCHANGES

The place where stocks in the equity market are traded is the stock exchange. There are
many stock exchanges around the world, and they can be either physical places or virtual
gathering spots. NASDAQ is an example of a virtual trading post, in which stocks are
traded electronically through a network of computers. Electronic stock exchanges often
include a market maker, which is a broker-dealer company that both buys and sells stocks
in order to facilitate trading for a particular stock. This comes at a risk to the company,

19
but it makes the exchange process for a given stock operate more smoothly. Electronic
trading posts are becoming more common and a preferred method of trading over
physical exchanges.

The New York Stock Exchange (NYSE) on Wall Street is a famous example of a
physical stock exchange; however, there is also the option to trade in online exchanges
from that location, so it is technically a hybrid market. In a physical exchange, orders are
made in open outcry format, which is reminiscent of depictions of Wall Street in the
movies: traders shout and display hand signals across the floor in order to place trades.
Physical exchanges are made on the trading floor filter through a floor broker, who finds
the trading post specialist for that stock to put through the order. Physical exchanges are
still very much human environments, although there are a lot of functions performed by
computers. Brokers are paid commissions on the stocks they work.

Most large companies have stocks that are listed at multiple stock exchanges throughout
the world. However, companies with stocks in the equity market range from large-scale
to small, and traders range from big companies to individual investors. Most buyers and
sellers tend to prefer trading at larger exchanges, where there are more options and
opportunities than at smaller exchanges. However, in recent years, there has been an
uptick in the number of exchanges through third-party markets, which bypass the
commission of a stock exchange, but pose a greater risk of adverse selection and don't
guarantee the payment or delivery of the stock.

The oldest existing stock exchange is the Amsterdam Stock Exchange (AEX), which was
founded in the 1700s to trade stocks of the Dutch East India Trading Company, one of
the first companies (then called joint-stock companies) to offer shareholder stock. Prior to
the AEX, many countries and towns had their own systems of trade regulation that
operated much like stock exchanges, but the AEX was the first official stock exchange as
we know it. Today, equity markets exist in most developed and developing countries.

20
TRADING IN THE EQUITY MARKET

In the equity market, investors bid for stocks by offering a certain price, and sellers ask
for a specific price. When these two prices match, a sale occurs. Often, there are many
investors bidding on the same stock. When this occurs, the first investor to place the bid
is the first to get the stock. When a buyer will pay any price for the stock, he or she is
buying at market value; similarly, when a seller will take any price for the stock, he or
she is selling at market value.

Companies sell stocks in order to get capital to grow their businesses. When a company
offers stocks on the market, it means the company is publicly traded, and each stock
represents a piece of ownership. This appeals to investors, and when a company does
well, its investors are rewarded as the value of their stocks rise. The risk comes when a
company is not doing well, and its stock value may fall. Stocks can be bought and sold
easily and quickly, and the activity surrounding a certain stock impacts its value. For
example, when there is high demand to invest in the company, the price of the stock tends
to rise, and when many investors want to sell their stocks, the value goes down.

This market can be split into two main sectors: the primary and secondary market.
The primary market is where new issues are first offered, and stocks and bonds are issued
directly from the company. Any subsequent trading takes place in the secondary market,
in which proceeds from the stock go to the investors, not the company directly. Stock
exchanges, such as NYSE or NASDAQ, are examples of secondary markets.

WHAT STOCK PRICES MEAN FOR THE ECONOMY

In general, rising stock prices for companies from a particular country indicate a healthy,
growing market; on the other hand, a downward trend in stocks may reflect weakening
fundamentals in a country's economy. This is because rising prices tend to indicate that
many buyers are investing their money in the future health and growth of the economy as
a whole.

21
In the United States, two periods of economic decline were linked to a crash in equity
markets: the Great Depression of 1929 and the Great Recession of the late 2000s. The
Great Depression resulted from widespread panic and distrust in the market; people
preferred to hide money under their mattresses than hold it in the banks, which caused
chaos in the trading world. The Great Recession, which affected the global market, not
just the United States, resulted from a crash in the housing market and an over-reliance
on credit.

22
 CHAPTER III
INDUSTRY & ORGANIZATIOANL PROFILE

23
ORGANIZATIONAL PROFILES

NATIONAL STOCK EXCHANGE

The National Stock Exchange of India (NSE) situated in Mumbai - is the largest and most
advanced exchange with 1017 companies listed and 726 trading members. Capital market
reforms in India and the launch of the Securities and Exchange Board of India (SEBI)
accelerated the incorporation of the second Indian stock exchange called the National
Stock Exchange (NSE) in 1992. After a few years of operations, the NSE has become the
largest stock exchange in India.

Three segments of the NSE trading platform were established one after another. The
Wholesale Debt Market (WDM) commenced operations in June 1994 and the Capital
Market (CM) segment was opened at the end of 1994. Finally, the Futures and Options
segment began operating in 2000. Today the NSE takes the 14th position in the top 40
futures exchanges in the world.

In 1996, the National Stock Exchange of India launched S&P CNX Nifty and CNX
Junior Indices that make up 100 most liquid stocks in India. CNX Nifty is a diversified
index of 50 stocks from 25 different economy sectors. The Indices are owned and
managed by India Index Services and Products Ltd (IISL) that has a consulting and
licensing agreement with Standard & Poor's.

In 1998, the National Stock Exchange of India launched its web-site and was the first
exchange in India that started trading stock on the Internet in 2000. The NSE has also
proved its leadership in the Indian financial market by gaining many awards such as 'Best
IT Usage Award' by Computer Society in India (in 1996 and 1997) and CHIP Web
Award by CHIP magazine (1999).

24
The NSE is owned by the group of leading financial institutions such as Indian Bank or
Life Insurance Corporation of India. However, in the totally de-mutualised Exchange, the
ownership as well as the management does not have a right to trade on the Exchange.
Only qualified traders can be involved in the securities trading.

The NSE is one of the few exchanges in the world trading all types of securities on a
single platform, which is divided into three segments: Wholesale Debt Market (WDM),
Capital Market (CM), and Futures & Options (F&O) Market.

Each segment has experienced a significant growth throughout a few years of their
launch. While the WDM segment has accumulated the annual growth of over 36% since
its opening in 1994, the CM segment has increased by even 61% during the same period.
The National Stock Exchange of India has stringent requirements and criteria for the
companies listed on the Exchange. Minimum capital requirements, project appraisal, and
company's track record are just a few of the criteria. In addition, listed companies pay
variable listing fees based on their corporate capital size.

The National Stock Exchange of India Ltd. provides its clients with a single, fully
electronic trading platform that is operated through a VSAT network. Unlike most world
exchanges, the NSE uses the satellite communication system that connects traders from
345 Indian cities. The advanced technologies enable up to 6 million trades to be operated
daily on the NSE trading platform.

NSE Nifty:

The S&P CNX Nifty (nicknamed Nifty 50 or simply Nifty), is the leading index for large
companies on the National Stock Exchange of India. S&P CNX Nifty is a well
diversified 50 stock index accounting for 22 sectors of the economy. It is used for a
variety of purposes such as benchmarking fund portfolios, index based derivatives and
index funds.

25
Nifty was developed by the economists Ajay Shah and Susan Thomas, then at IGIDR.
Later on, it came to be owned and managed by India Index Services and Products Ltd.
(IISL), which is a joint venture between NSE and CRISIL. IISL is India's first specialized
company focused upon the index as a core product. IISL have a consulting and licensing
agreement with Standard & Poor's (S&P), who are world leaders in index services.

CNX stands for CRISIL NSE Indices. CNX ensures common branding of indices, to
reflect the identities of both the promoters, i.e. NSE and CRISIL. Thus, 'C' stands for
CRISIL, 'N' stands for NSE and X stands for Exchange or Index. The S&P prefix belongs
to the US-based Standard & Poor's Financial Information Services.

NSE other indices:

➢ S&P CNX Nifty

➢ CNX Nifty Junior
➢ CNX 100
➢ S&P CNX 500
➢ CNX Midcap
➢ S&P CNX Defty
➢ CNX Midcap 200

BOMBAY STOCK EXCHANGE:

The Bombay Stock Exchange Limited (formerly, The Stock Exchange, Mumbai;
popularly called The Bombay Stock Exchange, or BSE) is the oldest stock exchange in
Asia. It is located at Dalal Street, Mumbai, India.

Bombay Stock Exchange was established in 1875. There are around 5,600 Indian
companies listed with the stock exchange, and has a significant trading volume. As of
October2006, the market capitalization of the BSE was about Rs. 33.4 trillion (US $ 730
26
billion). The BSE SENSEX (Sensitive index), also called the BSE 30, is a widely used
market index in India and Asia. As of 2005, it is among the 5 biggest stock exchanges in
the world in terms of transactions volume.

History:

An informal group of 22 stockbrokers began trading under a banyan tree opposite the
Town Hall of Bombay from the mid-1850s, 1875, was formally organized as the Bombay
Stock Exchange (BSE).In JANUARY 1899, the stock exchange moved into the Brokers’
Hall after it was inaugurated by James M MacLean. After the First World War, the BSE
was shifted to an old building near the Town Hall. In 1956, the Government of India
recognized the Bombay Stock Exchange as the first stock exchange in the country under
the Securities Contracts (Regulation) Act.1995, when it was replaced by an electronic
(eTrading) system named BOLT, or the BSE Online Trading system. In 2005, the status
of the exchange changed from an Association of Persons (AoP) to a full-fledged
corporation under the BSE (Corporatization and Demutualization) Scheme, 2005 (and its
name was changed to The Bombay Stock Exchange Limited).

BSE Sensex:

The BSE SENSEX (also known as the BSE 30) is a value-weighted index composed of
30 scrips, with the base April 1979 = 100. The set of companies which make up the index
has been changed only a few times in the last 20 years. These companies account for
around one-fifth of the market capitalization of the BSE.

SENSEX, first compiled in 1986 was calculated on a "Market Capitalization-Weighted"

methodology of 30 component stocks representing a sample of large, well-established
and financially sound companies. The base year of SENSEX is 1978-79. The index is
widely reported in both domestic and international markets through print as well as
electronic media. SENSEX is not only scientifically designed but also based on globally
accepted construction and review methodology. From September 2003, the SENSEX is
calculated on a free-float market capitalization methodology. The "free-float Market

27
Capitalization-Weighted" methodology is a widely followed index construction
methodology on which majority of global equity benchmarks are based.

The growth of equity markets in India has been phenomenal in the decade gone by. Right
from early nineties the stock market witnessed heightened activity in terms of various
bull and bear runs. More recently, the bourses in India witnessed a similar frenzy in the
'TMT' sectors. The SENSEX captured all these happenings in the most judicial manner.
One can identify the booms and bust of the Indian equity market through SENSEX.

The values of all BSE indices are updated every 15 seconds during the market hours and
displayed through the BOLT system, BSE website and news wire agencies.

SENSEX calculation:
SENSEX is calculated using a "Market Capitalization-Weighted" methodology.

As per this methodology, the level of index at any point of time reflects the total market
value of 30 component stocks relative to a base period. (The market capitalization of a
company is determined by multiplying the price of its stock by the number of shares
issued by the company). An index of a set of combined variables (such as price and
number of shares) is commonly referred as a 'Composite Index' by statisticians. A single
indexed number is used to represent the results of this calculation in order to make the
value easier to work with and track over time. It is much easier to graph a chart based on
indexed values than one based on actual values.

The base period of SENSEX is 1978-79. The actual total market value of the stocks in the
Index during the base period has been set equal to an indexed value of 100. This is often
indicated by the notation 1978-79=100. The formula used to calculate the Index is fairly
straightforward. However, the calculation of the adjustments to the Index (commonly
called Index maintenance) is more complex.

The calculation of SENSEX involves dividing the total market capitalization of 30

companies in the Index by a number called the Index Divisor. The Divisor is the only link

28
to the original base period value of the SENSEX. It keeps the Index comparable over
time and is the adjustment point for all Index maintenance adjustments. During market
hours, prices of the index scrips, at which latest trades are executed, are used by the
trading system to calculate SENSEX every 15 seconds and disseminated in real time.
During market hours, prices of the index scrips, at which trades are executed, are
automatically used by the trading computer to calculate the SENSEX every 15 seconds
and continuously updated on all trading workstations connected to the BSE trading
computer in real time.

BSE - other Indices:

Apart from BSE SENSEX, which is the most popular stock index in India, BSE uses
other stock indices as well:

➢ BSE 500
➢ BSE PSU
➢ BSE MIDCAP
➢ BSE SMLCAP
➢ BSE BANKEX

107 branches

29
 CHAPTER IV

DATA ANALYSIS & INTERPRETATION

30
DATA ANALYSIS & INTERPRETATION

Growth of CNX NIFTY, FROM FY2012TO FY2017

7000

6000
5833.75 5682
5249.1
5000
4739.55

4000
3633.6
NIFTY
3000 3020.95

2000

1000

0
2009 2012
2010 2011 2012 2014
2012 2013 2014 2015 2016 2017

GROWTH OF NIFTY IN LAST 6 YEARS

GROWTH = 5682 – 3633.60 *100
3633.60
= 56.7%
The above chat indicating performance of nifty from April 1st 2012 to 31st MARCH
2017. Where, one can observe lot of volatility during the years. For the given period nifty
has given 56.7%, here nifty is the base for standardized performance. In this study the
analysis are linked with sector performance to nifty performance and individual stocks
performance to nifty performance to correlate the performance.

31
Growth of IT Index:

8000

7000 7148.1 7219.05

6000 5917.75

5000 5088.4

4000 3892.2
IT INDEX
3000
2502.95
2000

1000

0
2012
2009 2013
2010 2014
2011 2015
2012 2016
2013 2017
2014

GROWTH OF IT INDEX IN LAST 6 YEARS

GROWTH = 7219.05 – 5088.40 *100
5088.40
= 41.8%

The above graph indicating performance of IT index for the given period. Here IT index
performance is less than nifty performance, because of fall in two consecutive years 2012
and 2017. In stock market IT index purely depends on majorly two factors, one is impact
of dollar and international market’s recession and jobless data. There are some more
factors also influence the IT industry but the two factors are major.

32
BANK INDEX:

14000

12000 11765
11361.5
10000
9517.6

8000

6608.1 BANKING INDEX

6000
4959.65
4000 4211.45

2000

0
2012
2009 2013
2010 2014
2011 2015
2012 2016
2013 2017
2014

Growth of BANKING Index:

GROWTH OF BANKING INDEX IN LAST 6 YEARS
GROWTH = 11361.5 – 4959.65 *100
4959.65
= 129.07%
The above graph indicating performance of Banking Industry for the given period. Here
banking sector showing bullish performance from 2012 to 2017 (close to 180%) and
overall performance is 129.07% in five years. When compare to Nifty and IT index, here
Bank Nifty has given better returns.
Banking Industry purely depends on inflation data and interest rates and IIP data and
GDP growth of Indian economy

33
PERFORMANCE OF NIFTY FROM 1ST JANUARY 2017 TO 31ST MARCH 2017

Date Open High Low Close % of change

1-Jan-17 8272.8 8294.7 8248.75 8284 0
2-Jan-17 8288.7 8410.6 8288.7 8395.45 1.34536456
5-Jan-17 8407.95 8445.6 8363.9 8378.4 -0.2030862
6-Jan-17 8325.3 8327.85 8111.35 8127.35 -2.99639549
7-Jan-17 8118.65 8151.2 8065.45 8102.1 -0.31067937
8-Jan-17 8191.4 8243.5 8177.3 8234.6 1.63537848
9-Jan-17 8285.45 8303.3 8190.8 8284.5 0.60597965
12-Jan-17 8291.35 8332.6 8245.6 8323 0.46472328
13-Jan-17 8346.15 8356.65 8267.9 8299.4 -0.2835517
14-Jan-17 8307.25 8326.45 8236.65 8277.55 -0.26327204
15-Jan-17 8424.5 8527.1 8380.55 8494.15 2.6177173
17-Jan-17 8504.05 8530.75 8452.25 8513.8 0.23133568
19-Jan-17 8550.05 8570.95 8531.5 8550.7 0.43341399
20-Jan-17 8575.1 8707.9 8574.5 8695.6 1.6945981
21-Jan-17 8719.65 8741.85 8689.6 8729.5 0.38985234
22-Jan-17 8745.85 8774.15 8727 8761.4 0.36542757
23-Jan-17 8827.95 8866.4 8795.4 8835.6 0.84689661
27-Jan-17 8871.35 8925.05 8825.45 8910.5 0.847707
28-Jan-17 8902.75 8985.05 8874.05 8914.3 0.04264632
29-Jan-17 8901.5 8966.65 8861.25 8952.35 0.42684226
30-Jan-17 8996.6 8996.6 8775.1 8808.9 -1.60237256
2-Feb-17 8802.5 8840.8 8751.1 8797.4 -0.13054978
3-Feb-17 8823.15 8837.3 8726.65 8756.55 -0.46434174
4-Feb-17 8789.15 8792.85 8704.4 8723.7 -0.37514775
5-Feb-17 8733.1 8838.45 8683.65 8711.7 -0.13755631
6-Feb-17 8696.85 8726.2 8645.55 8661.05 -0.58140202
9-Feb-17 8584.4 8605.55 8517.35 8526.35 -1.55523868

34
10-Feb-17 8478.1 8646.25 8470.5 8565.55 0.45975124
11-Feb-17 8603.3 8651.95 8593.65 8627.4 0.72207856
12-Feb-17 8676.95 8732.55 8599.25 8711.55 0.97538076
13-Feb-17 8741.5 8822.1 8729.65 8805.5 1.07845332
17-Feb-17 8831.4 8870.1 8793.4 8809.35 0.04372267
18-Feb-17 8811.55 8894.3 8808.9 8869.1 0.67825663
19-Feb-17 8883.05 8913.45 8794.45 8895.3 0.29540765
20-Feb-17 8895.5 8899.95 8817.3 8833.6 -0.69362472
23-Feb-17 8856.85 8869 8736.1 8754.95 -0.89035048
24-Feb-17 8772.9 8800.5 8726.75 8762.1 0.08176808
25-Feb-17 8801.9 8840.65 8751.4 8767.25 0.05877586
26-Feb-17 8779 8786.05 8669.45 8683.85 -0.9512675
27-Feb-17 8729.5 8856.95 8717.45 8844.6 1.85113746
28-Feb-17 8913.05 8941.1 8751.35 8901.85 0.64728761
2-Mar-17 8953.85 8972.35 8885.45 8956.75 0.61772574
3-Mar-17 8962.85 9008.4 8925.55 8996.25 0.44100818
4-Mar-17 9109.15 9119.2 8893.95 8922.65 -0.81811866
5-Mar-17 8929.4 8957.55 8849.35 8937.75 0.17923223
9-Mar-17 8891.15 8891.3 8740.45 8756.75 -2.02511818
10-Mar-17 8769.75 8778 8677.35 8712.05 -0.51046336
11-Mar-17 8728.75 8755.6 8682.35 8699.95 -0.13888809
12-Mar-17 8740.65 8787.2 8732.9 8776 0.87414295
13-Mar-17 8844.05 8849.75 8631.75 8647.75 -1.46137192
17-Mar-17 8656.75 8663.55 8612 8633.15 -0.17883004
17-Mar-17 8689.1 8742.55 8630.8 8723.3 1.04423067
18-Mar-17 8742.9 8747.25 8664 8685.9 -0.42873683
19-Mar-17 8749.45 8788.2 8614.65 8634.65 -0.59003673
20-Mar-17 8627.9 8627.9 8553 8570.9 -0.73830439
23-Mar-17 8591.55 8608.35 8540.55 8550.9 -0.23334772

35
 24-Mar-17 8537.05 8627.75 8535.85 8542.95 -0.09297267
25-Mar-17 8568.9 8573.75 8517.55 8530.8 -0.14222253
26-Mar-17 8474.95 8499.45 8325.35 8342.15 -2.2113987
27-Mar-17 8396 8413.2 8269.15 8341.4 -0.00899049
30-Mar-17 8390.95 8504.55 8380.75 8492.3 1.80904884
31-Mar-17 8527.6 8550.45 8454.15 8491 -0.01530798

Daily performance of NIFTY from 1ST JANUARY 2017 TO 31st MARCH 2017

NIFTY
3
2
1
0
NIFTY
-1 1 4 7 10 13 16 19 22 25 28 31 34 37 40 43 46 49 52 55 58 61
-2
-3
-4

GROWTH = 8491 – 8284*100

8284
= 2.49%
Interpretation: The above graph indicating, intraday performance of nifty from 1 st
JANUARY 2017 to MARCH 31st 2017. The graph showing intraday volatility i.e. ups
and downs for the given period. Basically nifty is an average performance of all major
sectors and fifty A group stocks. The above data contains duration of 3 months. Nifty has
generated close to 2.49% returns.

36
PERFORMANCE OF IT INDEX FROM 1ST JANUARY 2016 TO 31ST MARCH 2017

Date Open High Low Close % of change

1-Jan-17 11214.8 11235.75 11176.35 11215.7 0
2-Jan-17 11214.65 11399.1 11214.65 11372.1 1.39447382
5-Jan-17 11369.35 11433.75 11186.95 11248.55 -1.08643083
6-Jan-17 11186.1 11186.1 10909 10959.9 -2.56610852
7-Jan-17 11013.2 11042.35 10889.55 10917 -0.4005511
8-Jan-17 11031.15 11058.15 10915.05 11018.15 0.93578234
9-Jan-17 11058.05 11484.9 10932.2 11399.65 3.46246874
12-Jan-17 11456 11565.85 11378.8 11543.65 1.26319668
13-Jan-17 11545.25 11546.6 11437.95 11502.8 -0.35387421
14-Jan-17 11561.95 11731.55 11521 11714.3 0.96932921
15-Jan-17 11772.3 11774.5 11575.1 11769.85 0.47828969
17-Jan-17 11708.85 11708.85 11582.85 11759.6 -0.08783318
19-Jan-17 11732.5 11797.6 11729.05 11742.75 -0.14451711
20-Jan-17 11781.8 11721.9 11735.7 11795 0.44877714
21-Jan-17 11732.45 11838.3 11759.7 11813.7 1.01496366
22-Jan-17 11832.55 11884.5 11782.95 11850.85 0.31446541
23-Jan-17 11877.9 11921 11767.4 11885.15 0.28943072
27-Jan-17 11915.6 11917.25 11779.55 11793.45 -1.61293715
28-Jan-17 11712.55 11821.8 11793.8 11809.55 0.99286353
29-Jan-17 11812.35 11861.5 11728.75 11824.15 0.12362876
30-Jan-17 11998.35 12003.35 11799.35 11824.75 0.00507436
2-Feb-17 11871.35 11972.6 11847.8 11943.95 1.00805514
3-Feb-17 11963.75 12000.65 11849 11963.9 0.17703017
4-Feb-17 12027.1 12027.1 11902.35 11938.9 -0.20896196
5-Feb-17 11967.75 12295.35 11963.8 12175.15 1.89506571
6-Feb-17 12190.7 12380.45 12186.95 12267.95 0.84503685
9-Feb-17 12170.9 12285.45 12170.9 12249.3 -0.15202214

37
10-Feb-17 12215.2 12297.75 12129.65 12172.85 -0.70575461
11-Feb-17 12198.45 12265.7 12149.35 12243.4 0.66226255
12-Feb-17 12277.2 12397 12253.05 12372 1.05036183
13-Feb-17 12369.6 12506.7 12353.25 12464.95 0.75129324
17-Feb-17 12461.75 12541.05 12457.65 12487.2 0.17850052
18-Feb-17 12511.05 12647.7 12442.7 12632.75 1.17559357
19-Feb-17 12629.05 12737.1 12628.75 12723.8 0.72074568
20-Feb-17 12750 12750 12550.75 12571.95 -1.19343278
23-Feb-17 12607.35 12709.9 12475.9 12531.3 -0.32333886
24-Feb-17 12572.25 12644.1 12514.65 12566.2 0.27850263
25-Feb-17 12621.55 12719.9 12600.05 12633.35 0.53436998
26-Feb-17 12623.8 12633.15 12429.5 12458.5 -1.38403511
27-Feb-17 12511.25 12578.1 12434.65 12554.95 0.77417025
28-Feb-17 12612.05 12700.05 12493.95 12659.8 0.83512877
2-Mar-17 12700.6 12719.05 12586.15 12663.7 0.03080617
3-Mar-17 12687.25 12871.15 12635.5 12855.9 1.51772389
4-Mar-17 12885.75 12908.1 12630.55 12730.6 -0.97464977
5-Mar-17 12719.1 12832.3 12615.45 12665.5 -0.51136631
9-Mar-17 12599.8 12599.8 12372.45 12422.25 -1.92057173
10-Mar-17 12404.35 12462.8 12307.1 12405.05 -0.13846123
11-Mar-17 12414.7 12585.55 12298.5 12352.35 -0.42482699
12-Mar-17 12377.2 12442.4 12329.25 12423.65 0.5772181
13-Mar-17 12478.55 12478.55 12248.45 12312.15 -0.89748182
17-Mar-17 12308.95 12477.45 12297.2 12419.05 0.86824803
17-Mar-17 12459.6 12498.85 12300.85 12383.15 -0.28907203
18-Mar-17 12434.25 12448.45 12256.55 12276.1 -0.86448117
19-Mar-17 12298.25 12356.65 12253.1 12275.2 -0.00733132
20-Mar-17 12306.6 12392.85 12274.35 12363.5 0.71933655
23-Mar-17 12364.3 12443.25 12217.75 12244.45 -0.96291503

38
 24-Mar-17 12266.2 12345.05 12154.45 12180 -0.52636092
25-Mar-17 12214.55 12256.4 12135.5 12225.6 0.37438424
26-Mar-17 12178.3 12204.45 11865.85 11902.1 -2.6460869
27-Mar-17 11978.05 12146.9 11926.95 11968.5 0.55788474
30-Mar-17 12010.65 12127.6 11971.4 12100.85 1.10581944
31-Mar-17 12159.05 12206.8 12005.2 12083 -0.1475103

Daily performance of CNXIT from 1ST JANUARY 2017 TO 31ST MARCH 2017

CNX IT
4

0 CNX IT
1 4 7 10 13 16 19 22 25 28 31 34 37 40 43 46 49 52 55 58 61
-2

-4

GROWTH = 12083.85-11215.7*100
11215.7
= 7.74%

Data interpretation: The above chart indicating performance of IT index for the given
period. Here index reported 7.74% whereas nifty has given positive returns. Here on in
JANUARY index has given 5% returns on account of INFOSYS results.

39
PERFORMANCE OF BANK NIFTY FROM 1ST JANUARY 2017 TO 31st MARCH
2017

Date Open High Low Close % of change

1-Jan-17 18728.2 18781.55 18638.85 18750.45 0
2-Jan-17 18752.2 19118.85 18752.2 19057.8 1.63917066
5-Jan-17 19155.2 19176 18987.7 19017.4 -0.21198669
6-Jan-17 18874.6 18874.6 18388.35 18430.75 -3.08480655
7-Jan-17 18382.55 18482.05 18211.5 18304.25 -0.68635297
8-Jan-17 18587.1 18752.3 18486.2 18701.4 2.17971468
9-Jan-17 18845.9 18864 18479.65 18637.25 -0.34302245
12-Jan-17 18632 18822.05 18530.1 18795.85 0.85098392
13-Jan-17 18889 18920.65 18642.8 18707.2 -0.47174667
14-Jan-17 18670.4 18769.65 18517.9 18603.8 -0.55272836
15-Jan-17 19340.45 19410.4 19061.35 19235.65 3.39634913
17-Jan-17 19274.15 19275.8 19108.35 19223.15 -0.06498351
19-Jan-17 19345.65 19434.2 19299.1 19406.05 0.95145697
20-Jan-17 19446.8 19808.25 19446.8 19767.05 1.86024461
21-Jan-17 19811.85 19964.95 19803.15 19843.25 0.38548999
22-Jan-17 19898.5 19964.25 19788.7 19917.65 0.37493858
23-Jan-17 20133.85 20177.65 19967.35 20072.7 0.77845529
27-Jan-17 20179.8 20609.25 20098.25 20555.25 2.40401142
28-Jan-17 20507.5 20907.55 20435 20491.75 -0.30892351
29-Jan-17 20475.7 20579 20338.95 20528.6 0.17982847
30-Jan-17 20600.65 20600.65 19732.45 19843.75 -3.33607747
2-Feb-17 19778.95 19991.4 19564.5 19865.9 0.11172205
3-Feb-17 19941.7 19963.7 19303.5 19382.95 -2.43105019
4-Feb-17 19423.25 19423.25 19113.35 19174 -1.07800928
5-Feb-17 19170.15 19444.65 18977.9 19051.9 -0.63679983
6-Feb-17 19066.25 19119.7 18740.35 18786.7 -1.39198715

40
9-Feb-17 18650 18667.05 18379.6 18403.85 -2.03787786
10-Feb-17 18242.95 18933.7 18226.9 18752.5 1.89444057
11-Feb-17 18890.75 19051.8 18890.75 18940.8 1.00413278
12-Feb-17 19073.45 19176.8 18739.85 19128.6 0.99151039
13-Feb-17 19284.3 19441 19174.25 19369.7 1.26041734
17-Feb-17 19518.85 19532.7 19127.15 19189.95 -0.92799579
18-Feb-17 19226.4 19389.8 19171.9 19296.5 0.55523855
19-Feb-17 19296.15 19377.45 18876.25 19188.3 -0.56072345
20-Feb-17 19157.3 19307.8 18882.25 19073.55 -0.59802067
23-Feb-17 19199.15 19219.75 18835.35 18913.4 -0.83964443
24-Feb-17 18940.45 19022.15 18737.75 18883.8 -0.1565028
25-Feb-17 18969.2 19069.15 18700.2 18733.05 -0.79830331
26-Feb-17 18781.4 18795.1 18489.6 18538.1 -1.0406741
27-Feb-17 18659.65 19114.45 18654.85 19074.55 2.89377013
28-Feb-17 19306.5 19776.9 19023.55 19691.2 3.23284177
2-Mar-17 19954.5 20065.5 19750.85 20008.1 1.60934834
3-Mar-17 20043.4 20043.4 19821.55 19961.2 -0.23440507
4-Mar-17 20541.65 20541.65 19555.1 19643.9 -1.58958379
5-Mar-17 19605.6 19830.35 19398.75 19748 0.5299355
9-Mar-17 19545.25 19545.25 19112.65 19145.55 -3.05068868
10-Mar-17 19170.3 19271.8 18915.1 19054.4 -0.47608974
11-Mar-17 19050.3 19181.8 18917.9 19044 -0.05458057
12-Mar-17 19201.1 19255.9 19095.3 19141.85 0.51381012
13-Mar-17 19359.75 19376.85 18737.35 18779.8 -1.89140548
17-Mar-17 18786.65 18912.85 18688 18837.35 0.30644629
17-Mar-17 18961.3 19121.85 18781.5 19058.25 1.17267025
18-Mar-17 19080.25 19234.4 18937.25 19147.25 0.46698936
19-Mar-17 19345.7 19373.45 18739.85 18811.15 -1.75534346
20-Mar-17 18778.8 18782.95 18541.5 18606.35 -1.088717

41
 23-Mar-17 18695.05 18696.7 18409.9 18449 -0.84567903
24-Mar-17 18348.35 18546.25 18289.75 18331.45 -0.63717191
25-Mar-17 18364.3 18433 18271.6 18310.1 -0.11746651
26-Mar-17 18138.8 18224.1 17729.1 17831.65 -2.61303871
27-Mar-17 18013.65 18092.4 17719.35 18044.8 1.19534648
30-Mar-17 18170.2 18393.25 18089.45 18361.8 1.75673878
31-Mar-17 18424.1 18494.35 18158.55 18206.65 -0.84496073

Interpretation:

BANK NIFTY
4

0 BANK NIFTY
1 4 7 10 13 16 19 22 25 28 31 34 37 40 43 46 49 52 55 58 61
-2

-4

GROWTH = 18206.65- 18075.45*100

18075.45
= 0.72 %
Interpretation: The above chart indicating performance of bank nifty for the given period.
Bank nifty has given 0.72% returns till end. We can see impact of RBI decisions on bank
nifty, in three months bank nifty give 0.72 % returns. In stock market news based
volatility is high when compare to normal volatility.

42
PERFORMANCE OF WIPRO FROM 1ST JANUARY 2017 TO 31st MARCH 2017.

High Low Close

Symbol Series Date Open Price Price Price Price % of change
WIPRO EQ 1-Jan-17 552.55 554.4 550.5 552.4 0
WIPRO EQ 2-Jan-17 553.4 560.25 553 557.3 0.887038378
WIPRO EQ 5-Jan-17 557.05 565 555.5 558.3 0.179436569
-
WIPRO EQ 6-Jan-17 555 556.4 542.1 545.25 2.337452982
-
WIPRO EQ 7-Jan-17 543.2 545 538.35 541.1 0.761118753
WIPRO EQ 8-Jan-17 556.15 558.9 543.2 545 0.72075402
WIPRO EQ 9-Jan-17 549.2 560 543.25 553.5 1.559633028
WIPRO EQ 12-Jan-17 550 559 547.7 556.05 0.460704607
WIPRO EQ 13-Jan-17 557.1 566.7 555 563.5 1.339807571
-
WIPRO EQ 14-Jan-17 566 569.5 550 551.95 2.049689441
WIPRO EQ 15-Jan-17 560 564 551.25 559.5 1.367877525
-
WIPRO EQ 17-Jan-17 560.8 563.4 552.9 555.05 0.795352994
WIPRO EQ 19-Jan-17 591.1 598.5 582.35 584.2 5.251779119
WIPRO EQ 20-Jan-17 586.1 594 582.9 590.4 1.061280383
-
WIPRO EQ 21-Jan-17 589.6 595 576.65 588.7 0.287940379
WIPRO EQ 22-Jan-17 590 597.7 584.7 594.55 0.993714965
WIPRO EQ 23-Jan-17 599.2 604 590.25 601.8 1.219409638
-
WIPRO EQ 27-Jan-17 602.4 605.75 595 598.55 0.540046527
WIPRO EQ 28-Jan-17 596 612 595.75 607.25 1.453512656

43
 -
WIPRO EQ 29-Jan-17 608 614.5 599.8 602.7 0.749279539
WIPRO EQ 30-Jan-17 606.9 610.05 597.15 606.55 0.638792102
WIPRO EQ 2-Feb-17 612 627.7 609 625.1 3.058280439
-
WIPRO EQ 3-Feb-17 624 628.05 617.75 621.55 0.567909135
WIPRO EQ 4-Feb-17 623.2 629.9 617.25 619.2 -0.37808704
WIPRO EQ 5-Feb-17 620.95 643.1 620.9 638.25 3.076550388
WIPRO EQ 6-Feb-17 638 654.7 636 643.25 0.783392088
WIPRO EQ 9-Feb-17 639.9 650 635.6 647.8 0.707345511
-
WIPRO EQ 10-Feb-17 641 652 637.35 642.6 0.802717888
-
WIPRO EQ 11-Feb-17 646 649 633.15 638.4 0.653594771
WIPRO EQ 12-Feb-17 643.5 653 641.25 646.8 1.315789474
WIPRO EQ 13-Feb-17 648 663.9 646.8 660.7 2.149041435
WIPRO EQ 17-Feb-17 660.9 667.25 660 661.5 0.121083699
WIPRO EQ 18-Feb-17 662 671 655.5 669 1.133786848
-
WIPRO EQ 19-Feb-17 669 669 655 659.5 1.420029895
-
WIPRO EQ 20-Feb-17 659.5 661 647.5 650 1.440485217
-
WIPRO EQ 23-Feb-17 650 658 643.55 649.75 0.038461538
WIPRO EQ 24-Feb-17 652.5 659.8 649.6 653 0.500192382
WIPRO EQ 25-Feb-17 653.55 665.6 652.1 663.8 1.653905054
-
WIPRO EQ 26-Feb-17 663.8 668.9 651.4 657.9 0.888821934
-
WIPRO EQ 27-Feb-17 657 658.6 648.7 654.3 0.547195622
44
WIPRO EQ 28-Feb-17 656.8 663.5 652 659.2 0.748891946
WIPRO EQ 2-Mar-17 660.1 674.4 654 664.5 0.804004854
WIPRO EQ 3-Mar-17 665 677 663 672.45 1.196388262
-
WIPRO EQ 4-Mar-17 672.25 673.75 656.3 659.5 1.925793739
WIPRO EQ 5-Mar-17 659.9 669.9 655.25 667.8 1.258529189
-
WIPRO EQ 9-Mar-17 667 667 656.05 660.1 1.153039832
-
WIPRO EQ 10-Mar-17 651 661.8 645 654.3 0.878654749
WIPRO EQ 11-Mar-17 657.55 677.6 650.5 654.75 0.068775791
WIPRO EQ 12-Mar-17 655.8 656.95 646.5 655.3 0.084001527
-
WIPRO EQ 13-Mar-17 658.4 658.4 631.95 639.25 2.449259881
WIPRO EQ 17-Mar-17 641.2 650.95 636.6 646.25 1.095033242
-
WIPRO EQ 17-Mar-17 650 651.4 639.25 643.4 0.441005803
WIPRO EQ 18-Mar-17 647 648 628.75 631.4 -1.8650917
WIPRO EQ 19-Mar-17 637.7 642.7 632.5 635.05 0.578080456
WIPRO EQ 20-Mar-17 638.7 656.7 636.65 652.65 2.77143532
-
WIPRO EQ 23-Mar-17 652.7 660.5 641.2 645.1 1.156822186
WIPRO EQ 24-Mar-17 645 658.5 643.1 652.25 1.108355294
WIPRO EQ 25-Mar-17 651 663.95 646.55 661.1 1.356841702
-
WIPRO EQ 26-Mar-17 657.9 657.9 625.2 631.9 4.417880956
WIPRO EQ 27-Mar-17 639.7 641.6 608.55 612.15 -3.12549454
WIPRO EQ 30-Mar-17 620 624.95 617.2 623.4 1.837784857
WIPRO EQ 31-Mar-17 623.05 634.6 618.2 628.85 0.874238049

45
PERFORMANE GRAPH OF WIPRO

WIPRO
6

0 WIPRO
1 4 7 10 13 16 19 22 25 28 31 34 37 40 43 46 49 52 55 58 61
-2

-4

-6

GROWTH = 628.85-552.4*100
552.4
= 13.83%

INTERPRETATION: The above tabulation and chart indicating performance of Wipro

for the given period. In this study analyzing briefly about internal and external factors.
On 27th MARCH 2017, when Infosys announced its third quarter results stock lose nearly
3% and at the time of third quarter results, the bullish impact spread to complete IT sector
on that day. And WIPRO also increased close to 13.83%.
When market leaders participates any issue, the impact will be effects on related sectors
as well as other sectors also.

46
PERFORMANCE OF INFOSYS FROM 1ST JANUARY 2017 TO 31st MARCH 2017.

Serie Open High Low Close % of

Symbol s Date Price Price Price Price change
INFOSY
S EQ 1-Jan-17 2567 2567 2541 2545.55 0
INFOSY 1.33173577
S EQ 2-Jan-17 2551 2590.95 2550.6 2579.45 4
-
INFOSY 1.51970381
S EQ 5-Jan-17 2581 2599.9 2524.65 2540.25 3
-
INFOSY 3.68664501
S EQ 6-Jan-17 2529.1 2529.1 2440 2446.6 5
-
INFOSY 1.18123109
S EQ 7-Jan-17 2470 2479.15 2407.45 2417.7 6
INFOSY 1.07953840
S EQ 8-Jan-17 2442.4 2449 2420.55 2443.8 4
INFOSY 2.80301170
S EQ 9-Jan-17 2455 2519.9 2450 2512.3 3
-
INFOSY 12-Jan- 0.10349082
S EQ 17 2517 2528 2480.25 2509.7 5
-
INFOSY 13-Jan- 0.47017571
S EQ 17 2520 2530.4 2480.1 2497.9 8
INFOSY 14-Jan- 0.96280875
S EQ 17 2517 2531.8 2500.5 2521.95 9
INFOSY EQ 15-Jan- 2533 2581.75 2523.25 2539.1 0.68002934

47
S 17 2
-
INFOSY 17-Jan- 0.27371903
S EQ 17 2543.7 2545 2484.3 2532.15 4
-
INFOSY 19-Jan- 0.83525857
S EQ 17 2536 2551 2503 2511 5
-
INFOSY 20-Jan- 0.42015133
S EQ 17 2520 2530 2483.25 2500.45 4
INFOSY 21-Jan- 0.53390389
S EQ 17 2522 2522 2488.25 2513.8 7
-
INFOSY 22-Jan- 0.00994510
S EQ 17 2517.5 2521.25 2495.5 2513.55 3
-
INFOSY 23-Jan- 0.39585446
S EQ 17 2514 2532.05 2496.1 2503.6 9
-
INFOSY 27-Jan- 0.06191084
S EQ 17 2512.35 2515 2489.55 2502.05 8
INFOSY 28-Jan- 1.50076936
S EQ 17 2503 2544.9 2502.9 2539.6 9
INFOSY 29-Jan- 0.19885021
S EQ 17 2538 2568.7 2512.9 2544.65 3
INFOSY 30-Jan- -
S EQ 17 2560.7 2575 2470 2482.05 2.46006327
INFOSY 1.29530025
S EQ 2-Feb-17 2482 2521.45 2462.05 2514.2 6
INFOSY EQ 3-Feb-17 2511.65 2565 2507.1 2558.25 1.75204836

48
S 5
INFOSY 1.71797126
S EQ 4-Feb-17 2568 2571.7 2502.1 2514.3 9
INFOSY 1.51533229
S EQ 5-Feb-17 2520 2591.7 2519 2552.4 9
INFOSY 0.91482526
S EQ 6-Feb-17 2553 2594.8 2550.85 2575.75 2
INFOSY
S EQ 9-Feb-17 2561.5 2569.1 2500 2512.9 -2.440066
-
INFOSY 10-Feb- 2.85526682
S EQ 17 2510 2526.25 2433 2441.15 3
INFOSY 11-Feb- 0.76808061
S EQ 17 2455.05 2487.25 2447.25 2459.9 8
INFOSY 12-Feb- 0.09146713
S EQ 17 2479.8 2479.8 2447 2462.15 3
INFOSY 13-Feb- 3.11110208
S EQ 17 2470 2547.75 2460.25 2538.75 6
INFOSY 17-Feb- 1.81388478
S EQ 17 2560 2595 2555 2584.8 6
INFOSY 18-Feb- 1.96727019
S EQ 17 2585.05 2643 2565.25 2635.65 5
INFOSY 19-Feb- 1.72253523
S EQ 17 2636 2687.3 2635 2681.05 8
-
INFOSY 20-Feb- 0.20514350
S EQ 17 2698.8 2698.8 2642.25 2675.55 7
INFOSY 23-Feb-
S EQ 17 2671 2722 2671 2696.65 0.7886229
INFOSY EQ 24-Feb- 2694 2730 2679 2704.75 0.30037268

49
S 17 5
-
INFOSY 25-Feb- 1.20343839
S EQ 17 2710 2722 2667.85 2672.2 5
-
INFOSY 26-Feb- 0.58940199
S EQ 17 2679 2692.75 2625.35 2656.45 1
INFOSY 27-Feb- 0.22210092
S EQ 17 2659.45 2675.75 2617.3 2662.35 4
INFOSY 28-Feb-
S EQ 17 2677 2687.1 2643 2675.25 0.48453434
-
INFOSY 2-Mar- 0.21867115
S EQ 17 2679.7 2708.95 2652.55 2669.4 2
INFOSY 3-Mar- 3.99340675
S EQ 17 2682 2790 2676.15 2776 8
-
INFOSY 4-Mar- 1.08069174
S EQ 17 2788 2812.1 2715.65 2746 3
-
INFOSY 5-Mar- 1.80444282
S EQ 17 2750 2770.7 2681.05 2696.45 6
INFOSY 9-Mar- -
S EQ 17 2640 2679.8 2610 2646.8 1.84130987
-
INFOSY 10-Mar- 0.15490403
S EQ 17 2648.9 2678.25 2595.25 2642.7 5
-
INFOSY 11-Mar- 1.36791917
S EQ 17 2642 2659.95 2597.8 2606.55 4

50
INFOSY 12-Mar- 0.47956110
S EQ 17 2623.9 2624.9 2590.1 2619.05 6
INFOSY 13-Mar- 1.40127145
S EQ 6 2638 2639.95 2575 2582.35 3
-
INFOSY 17-Mar- 0.77642457
S EQ 17 2585.2 2610 2552 2562.3 5
INFOSY 17-Mar- 0.83518713
S EQ 17 2582.5 2606.7 2557.75 2583.7 7
-
INFOSY 18-Mar- 0.94244687
S EQ 17 2590.95 2599.45 2551.7 2559.35 9
INFOSY 19-Mar- 1.44177232
S EQ 17 2576 2605.85 2568.1 2596.25 5
INFOSY 20-Mar- 0.56620125
S EQ 17 2596 2618 2578.85 2610.95 2
INFOSY 23-Mar-
S EQ 17 2617 2631 2606 2617.15 0.23746146
-
INFOSY 24-Mar- 0.98771564
S EQ 17 2630 2637 2582.1 2591.3 5
-
INFOSY 25-Mar- 0.67726623
S EQ 17 2591.4 2614 2545.2 2573.75 7
INFOSY 26-Mar- -
S EQ 17 2553.3 2586.7 2501 2513.1 2.35648373
INFOSY 27-Mar- 0.06764553
S EQ 17 2531 2571.9 2504.1 2514.8 7
INFOSY 30-Mar- 1.96238269
S EQ 17 2525 2569.9 2520 2564.15 4

51
 -
INFOSY 31-Mar- 0.39779264
S EQ 17 2569.45 2569.45 2521 2553.95 1

PERFORMACNE OF INFOSYS

TCS
5
4
3
2
1
0 TCS
-1 1 4 7 10 13 16 19 22 25 28 31 34 37 40 43 46 49 52 55 58 61
-2
-3
-4
-5

GROWTH = 2533.95-2545.55*100
2545.55
= -0.45%

DATA INTERPRETATION:
Above data indicating performance of INFOSYS for the given period. Graph has taken
with daily closing prices of the stock. And one can easily understand if any investments,
investing for short term, he has to ready to bear volatility. Other than financial results few
52
times changes in management and business risk also become a cause to fall a stock. IT
sector has international exposure when major fluctuation happens in currency (dollar) it
may be a cause for volatility. For the given period INFOSYS has given -0.45 % loss. In
last 5 financial years INFOSYS has given better returns when compare to all competitive
IT stocks.

PERFORMACNE OF ICICI BANK FROM 1ST JANUARY 2017 TO 31st MARCH 2017

Open High Low Close

Symbol Series Date Price Price Price Price % of change
ICICIBANK EQ 1-Jan-17 352.7 353.45 350.2 352.3 0
ICICIBANK EQ 2-Jan-17 352 363.5 352 362.3 2.838489923
ICICIBANK EQ 5-Jan-17 365.3 367.4 361.5 363.05 0.207010765
-
ICICIBANK EQ 6-Jan-17 359.4 359.9 346.2 347.65 4.241839967
-
ICICIBANK EQ 7-Jan-17 345.6 346.25 335.45 338.25 2.703868834
ICICIBANK EQ 8-Jan-17 345 348.5 341.2 347.45 2.719881744
-
ICICIBANK EQ 9-Jan-17 349.95 350.4 337.1 341.85 1.611742697
ICICIBANK EQ 12-Jan-17 342.75 347.6 338.7 346.55 1.37487202
ICICIBANK EQ 13-Jan-17 349 349 339.75 340.9 -1.63035637
-
ICICIBANK EQ 14-Jan-17 339.25 341.8 333 336.9 1.173364623
ICICIBANK EQ 15-Jan-17 352.15 356 347.55 352.85 4.734342535
ICICIBANK EQ 17-Jan-17 352.85 354.6 347.45 353.85 0.283406547
ICICIBANK EQ 19-Jan-17 355.5 361.8 353.5 360.8 1.964109086

53
ICICIBANK EQ 20-Jan-17 359.7 369.25 359.7 367.75 1.926274945
ICICIBANK EQ 21-Jan-17 366.5 370.95 365.15 368.45 0.190346703
ICICIBANK EQ 22-Jan-17 368.9 372.3 364.6 369.8 0.366399783
ICICIBANK EQ 23-Jan-17 374.9 375.5 368.7 370.7 0.243374797
ICICIBANK EQ 27-Jan-17 374.5 384.8 372.7 383.5 3.452926895
ICICIBANK EQ 28-Jan-17 382.95 393.4 381.6 384.05 0.143415906
ICICIBANK EQ 29-Jan-17 380.1 383.8 375.55 380.3 -0.97643536
-
ICICIBANK EQ 30-Jan-17 381.45 382 354.65 360.7 5.153825927
-
ICICIBANK EQ 2-Feb-17 360.3 360.7 350 351.85 2.453562517
-
ICICIBANK EQ 3-Feb-17 352 356.8 345.1 346.6 1.492113117
-
ICICIBANK EQ 4-Feb-17 346.05 347.25 340.25 344.65 0.562608194
-
ICICIBANK EQ 5-Feb-17 340.9 345.3 332.75 335.6 2.625852314
-
ICICIBANK EQ 6-Feb-17 336 340 327.7 329.35 1.862336114
-
ICICIBANK EQ 9-Feb-17 327.5 327.5 318.5 320.05 2.823743738
ICICIBANK EQ 10-Feb-17 318.5 335 317.4 331.05 3.436962975
ICICIBANK EQ 11-Feb-17 334.1 339.95 333.95 334.7 1.102552485
ICICIBANK EQ 12-Feb-17 338.2 341.35 330 339.15 1.32954885
ICICIBANK EQ 13-Feb-17 344 345.9 340.2 343.85 1.385817485
-
ICICIBANK EQ 17-Feb-17 346.95 346.95 336.4 338.05 1.686782027
ICICIBANK EQ 18-Feb-17 339.7 344 339.7 342.4 1.286791895
-
ICICIBANK EQ 19-Feb-17 340.1 343.85 332.25 338.55 1.124415888
54
 -
ICICIBANK EQ 20-Feb-17 335 335.8 328.5 330.95 2.244867819
-
ICICIBANK EQ 23-Feb-17 333 334.5 327 329 0.589212872
-
ICICIBANK EQ 24-Feb-17 329.5 331.4 324.5 326.05 0.896656535
-
ICICIBANK EQ 25-Feb-17 327.6 331 321.25 322.5 1.088790063
-
ICICIBANK EQ 26-Feb-17 324.7 325.45 320.15 321.3 0.372093023
ICICIBANK EQ 27-Feb-17 324.6 337.05 323 335.25 4.341736695
ICICIBANK EQ 28-Feb-17 340.1 347.9 331.2 346.15 3.251304996
ICICIBANK EQ 2-Mar-17 350.85 351.95 340.55 349.05 0.837787087
-
ICICIBANK EQ 3-Mar-17 348 349.5 344.1 348.65 0.114596763
ICICIBANK EQ 4-Mar-17 360 362 346.05 349.35 0.200774417
-
ICICIBANK EQ 5-Mar-17 346.4 349.9 340.1 347.75 0.457993417
-
ICICIBANK EQ 9-Mar-17 342 342.95 331.75 332.8 4.299065421
ICICIBANK EQ 10-Mar-17 332.7 337.8 330.35 333.65 0.255408654
ICICIBANK EQ 11-Mar-17 333.6 336.95 329 332.65 -0.29971527
ICICIBANK EQ 12-Mar-17 337.55 339.7 334.65 338.2 1.668420262
-
ICICIBANK EQ 13-Mar-17 345 346 329 330.2 2.365464222
ICICIBANK EQ 17-Mar-17 329.5 333 325.65 331.45 0.378558449
ICICIBANK EQ 17-Mar-17 332 336.5 330.15 334.85 1.025795746
-
ICICIBANK EQ 18-Mar-17 333.1 336.55 331.05 334.8 0.014932059
ICICIBANK EQ 19-Mar-17 339.5 341.4 328.35 330.2 -1.3739546
55
 -
ICICIBANK EQ 20-Mar-17 328.9 329.25 317.7 318.6 3.513022411
-
ICICIBANK EQ 23-Mar-17 322.05 322.4 312.45 313.8 1.506591337
-
ICICIBANK EQ 24-Mar-17 310.5 317.65 309.45 311.9 0.605481198
ICICIBANK EQ 25-Mar-17 312 319 311.1 317.9 1.60307791
-
ICICIBANK EQ 26-Mar-17 311 313.7 302.6 307.95 2.824234774
ICICIBANK EQ 27-Mar-17 313 317.2 308.25 314.55 2.143205066
ICICIBANK EQ 30-Mar-17 317.3 319.5 313.35 318.7 1.319345096
-
ICICIBANK EQ 31-Mar-17 318.9 322.75 313.8 315.5 1.004079071

PERFORMANCE OF ICICI BANK

ICICIBANK
6

0 ICICIBANK
1 4 7 10 13 16 19 22 25 28 31 34 37 40 43 46 49 52 55 58 61
-2

-4

-6

Growth = 315.5 – 352.3 *100

352.3
= -10.44%
Data interpretation: The above chart indicating performance of ICICI BANK for the
given period. Inflation and interest rates plays major role in banking industry. If
56
government fails to control inflation, it’s highly impossible to control interest rates also.
According to RBI data in last three months inflation numbers decreased by -10.44%
because of hike in daily commodity prices.
ICICI bank closed in -10.44% negative in the above data when compare to starting day to
ending day. In the month of MARCH itself,

PERFORMANCE OF SBIN FROM 1ST JANUARY 2017 TO 31st MARCH 2017

Open Low Close

Symbol Series Date Price High Price Price Price % of change
312.4
SBIN EQ 1-Jan-17 5 315 310.7 314 0
314.3
SBIN EQ 2-Jan-17 5 318.3 314.35 315.25 0.398089172
317.2
SBIN EQ 5-Jan-17 5 317.8 312.1 312.75 -0.793021412
SBIN EQ 6-Jan-17 310 311.1 298.7 299.9 -4.10871303
SBIN EQ 7-Jan-17 300 302.55 295.15 300.15 0.08336112
SBIN EQ 8-Jan-17 305 306.5 302.35 304.85 1.565883725

SBIN EQ 9-Jan-17 306.7 307.85 302 303.2 -0.541249795

12-Jan- 304.1
SBIN EQ 17 5 307.8 301.1 307.1 1.286279683
13-Jan- 308.1
SBIN EQ 17 5 310.75 304.15 305.1 -0.651253663
14-Jan-
SBIN EQ 17 304 307 302.25 304.7 -0.131104556
15-Jan-
SBIN EQ 17 319.9 323.7 314 320.3 5.119789957
SBIN EQ 17-Jan- 320 320.3 313.1 315.45 -1.514205432

57
 17
19-Jan- 317.5
SBIN EQ 17 5 317.95 312.5 313.15 -0.729117134
20-Jan-
SBIN EQ 17 314 319.8 314 318.15 1.596678908
21-Jan-
SBIN EQ 17 319.9 327.6 319 326.2 2.530253025
22-Jan-
SBIN EQ 17 326.9 327.6 321.8 324.65 -0.475178608
23-Jan- 328.2
SBIN EQ 17 5 332.55 324.65 327.45 0.862467272
27-Jan-
SBIN EQ 17 329.4 332.15 322.6 330.05 0.794014353
28-Jan-
SBIN EQ 17 330.4 336 328.2 334.6 1.378579003
29-Jan-
SBIN EQ 17 332.8 333.6 325.1 327 -2.271368799
30-Jan-
SBIN EQ 17 328.7 330.5 307 308.95 -5.519877676
2-Feb-
SBIN EQ 17 309.5 311.9 305.1 307.5 -0.469331707
3-Feb-
SBIN EQ 17 312 312 299.05 300.3 -2.341463415
4-Feb-
SBIN EQ 17 302.7 302.95 291.9 293.05 -2.414252414
5-Feb- 293.1
SBIN EQ 17 5 297.8 289.2 290.8 -0.767787067
6-Feb-
SBIN EQ 17 291 294.85 285.7 290.3 -0.171939477
SBIN EQ 9-Feb- 289.5 292.8 278 279.5 -3.720289356

58
 17
10-Feb-
SBIN EQ 17 277.5 290.8 275.7 287.3 2.790697674
11-Feb-
SBIN EQ 17 290.8 293.5 283.7 285.95 -0.469892099
12-Feb-
SBIN EQ 17 288.9 289 278.3 284.3 -0.577023955
13-Feb-
SBIN EQ 17 288 307.95 285.35 306.95 7.966936335
17-Feb-
SBIN EQ 17 310.6 313.15 304.7 306.7 -0.08144649
18-Feb-
SBIN EQ 17 306.8 307.9 302 305.7 -0.326051517
19-Feb-
SBIN EQ 17 306.1 307.3 296.8 302.35 -1.0958456
20-FEB-
SBIN EQ 17 301.9 306.5 297.05 302.3 -0.017537126
23-Feb-
SBIN EQ 17 303.2 304.6 294.4 296.55 -1.902084022
24-FeB-
SBIN EQ 17 296.9 299 292.1 296.25 -0.101173379
25-Fe6-
SBIN EQ 17 299 300.65 295 295.55 -0.23628692
26-Feb-
SBIN EQ 17 297 297 288.05 289.4 -2.080866182
27-Feb- 291.2
SBIN EQ 17 5 301 290.1 299.9 3.628196268
28-Feb- 304.9
SBIN EQ 17 5 306.4 295.1 301.65 0.583527843
SBIN EQ 2-Mar- 305.9 305.9 296.7 302 0.11702851

59
 17
3-Mar-
SBIN EQ 17 303.5 305.4 299.7 302.6 0.198675497
4-Mar-
SBIN EQ 17 314 315 292 293.85 -2.891706081
5-Mar- 294.7
SBIN EQ 15 5 296.25 289.75 293.8 -0.017015484
9-Mar-
SBIN EQ 17 292 294 288.7 290.65 -1.072157931
10-Mar- 290.7
SBIN EQ 17 5 293.25 285.1 287.6 -1.049372097
11-Mar- 288.5
SBIN EQ 17 5 290.9 283.75 285.15 -0.851877608
12-Mar- 288.1
SBIN EQ 17 5 289.45 286.1 286.85 0.59617745
13-Mar-
SBIN EQ 17 290 291.05 280 280.75 -2.126546976
17-Mar-
SBIN EQ 17 281.5 283.85 280 281.65 0.320569902
17-Mar-
SBIN EQ 17 283.9 284 279.5 283.1 0.514823362
18-Mar-
SBIN EQ 17 284.1 288.45 282 287.3 1.483574709
19-Mar-
SBIN EQ 17 290 290.3 280.6 281.6 -1.983988862
20-Mar-
SBIN EQ 17 281.8 282.4 276.8 278.25 -1.189630682
23-Mar-
SBIN EQ 17 279.4 280 273.55 274.75 -1.257861735
SBIN EQ 24-Mar- 273.8 276.4 269 270.55 -1.52866242

60
 17
25-Mar-
SBIN EQ 17 271.9 272.1 265 265.4 -1.903529847
26-Mar-
SBIN EQ 17 264.5 265.9 255.2 256.65 -3.296910324
27-Mar- 259.8
SBIN EQ 17 5 264.95 256 263.6 2.70796805
30-Mar-
SBIN EQ 17 265.1 269.35 263.15 267.9 1.631259484
31-Mar-
SBIN EQ 17 268.9 271.35 266 267.05 -0.317282568

PERFORMANCE OF SBIN

SBIN
10
8
6
4
2
SBIN
0
1 4 7 10 13 16 19 22 25 28 31 34 37 40 43 46 49 52 55 58 61
-2
-4
-6
-8

Growth = 267.05-314 *100

314
= -14.95%
DATA INTERPRETATION:

61
The above data indicating performance of SBIN for the given period. Recorded highest
intraday fluctuations and more bearish days than bullish days, this is the one cause stock
fall close to 14.95% in 3 months. One of the major reason for fall impact of bank internal
reasons, stock fall 4% in JANUARY. On results day also stock moved into negative
zone. Here few more causes impacting stock to fluctuate ups and downs, the same
explained graphically with above intraday graph
CORRELATION: Based on above data applied correlation matrix for analysis.

62
 CHAPTER V
FINDINGS & CONCLUSION

63
FINDINGS
• All stocks from NSE will not have same weight, based on previous history of
company and traded volume company weight decided by NSE. Reliance group of
stock has more weight in index.
• Sector Indices only weight of respective sector stocks only. But nifty is weight of
all sector stocks.
• In special situations market reacts with high volatility.
• Inflation, interest rates, IIP, financial results, international markets and few other
factors like fii’s net selling and net buying are major causes for volatility.
• Decreased share value is not an impact to decrease profits of company, because in
current market, share price purely based on speculation. If one can observe in
above analysis from all stocks and Indices faces fall in their prices, but the net
profit was increased in the all stocks in the given period.
• According to previous history about INFOSYS results impact during 3nd quarter
results announcement stock has shown growth instead of fall. But the same stock
fall after announcement of third quarter results.
• The impact of Railway budget and general budget is negative on banking index
and Nifty. Both indices faced selling pressure and fall close to 3 to 5%
• ICICI bank has given negative returns for the given period.
• IT index moved up 7.74% on account of 3nd quarter results of Infosys.

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CONCLUSION
INFLATION GDP GROWTH IIP DATA INTREST RATES
Jan 2017 8.99 - 4.7
Feb 2017 10.06 8.3 7.5
Mar 2017 9.39 7.8 5.9 7.5
Apr 2017 9.34 7.7 7.25
May 2017 6.49 6.9 1.8 7.25

The above tabulation explains economic factors of the country. When above data releases
we can see fluctuations in market. The above data indicating decreased inflation by
month on month, this is the positive news for banking as well as to the index. GDP
numbers not shown expected growth, but given market expected numbers, this also
positive news for the market IIP Data, started in negative in the month of JANUARY
2017, but within two months numbers reached to positive 5.9, when India’s industrial
production data increases when compare to previous data, it’s a positive news. For the
given period there are no changes in interest rates, this is also positive impact on the
market. The given title in the company EQUITY ANALASYS WITH RESPECT TO IT
& BANKING SECTOR, with sound objectives. Based on my objectives I have observed
how trading takes place in online and what are the advantages and disadvantages while
trading through online and process involved in trading. When concluding my major
portion of project where I had a scope to learn about equity markets and how Indian
economy is dependent with live examples, like impact of foreign markets on Indian
economy. And more over IT & Banking two different sectors, when analyzed historical
performance I have seen more fluctuations in IT rather than BANKING, because IT has
international and dollar exposure. And when considered financial results as a factor in
short term performance I have observed lot of volatility in financial results period. And
my final conclusion equity investments need more concentration while investing for short
term or long term.

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BIBLIOGRAPHY

66
BOOKS

• INVESTMENT ANALYSIS AND PORTFOLIO MANAGEMENT. BY

M.RANGANATHAM & R.MADHUMATHI.

• SECURITY ANALYSIS. OF ICFAI.

• FINANCIAL MARKETS AND SERVICES. , BY GORDON & NATRAJAN.

• INVESTMENT MANAGEMENT. , V.K. BHALLA.

• RESEARCH METHODOLOGY, BY C.R.KOTHARI

WEBSITES

www.nseindia.com

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www.sebi.org.in

www.moneycontrol.com

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