EQUITY MARKET

Paper Code: 
FMG 316
Credits: 
3
Contact Hours: 
45.00
Max. Marks: 
100.00
Objective: 

Learning outcome

 (at course level)

Learning and teaching strategies

Assessment Strategies

On completion of this course, the students will be able to

 

CO109 Appraise theoretical and practical knowledge about the various types of equity markets and compare various Investment Avenues available in India.

CO110 Analyze the Primary market and select the appropriate methods of marketing the securities at national and international levels.

CO111 To evaluate the concept of secondary market and to assemble various requirements related to listing and delisting of securities.

CO112 Will be able to analyze and support the working of Depositories and mechanics of security trading in India.

CO113 Differentiate between various participants of security market and their functions.

Class lectures

Seminars

Tutorials

Group discussions and Workshops

Question preparation

 

 

Class test, Semester end examinations, Quiz, Solving problems in tutorials, Assignments, Presentation, Individual and group projects

 

10.00
Unit I: 
Markets and Financial Instruments

• Types of Markets: Equity, debt, derivatives, commodities,
• Types of investment avenues: Fixed Deposits, Bank Deposits, Provident Fund, Life Insurance, Post Office Savings, Small savings, Gold, Mutual Funds, Equity Share,Debentures/Bonds,
• Introduction to the Regulators of the stock market,
• Exchange,
• Depositories,
• clearing corporation etc

10.00
Unit II: 
Primary Market

• Initial Public Offer (IPO),
• Book Building process, auction based book building, reverse book building,
• green shoe option,
• Eligibility to issue securities,
• Pricing of Issues,
• Fixed versus Book Building issues,
• Allotment of Shares, Basis of Allotment,
• Private Placement,
• resource mobilization from international markets (ADR,GDR, Euro issues)

10.00
Unit III: 
Secondary Market

• Structure & Functioning: The Stock Market in India,
• Mechanics of Stock Exchanges namely BSE & NSE – stock market Indices,
• Listing of securities in stock exchange, Delisting.
• OTCEI & its formation ,
• Trading arrangements, bulk deal, block deal, DMA, negotiated deals, trading and settlement, rolling settlement, internet trading.

8.00
Unit IV: 
Depositories

• Functions, NSDL,CDSL,
• Depository participants,
• trading and settlement, Rolling Settlement,
• Do’s and Don’ts for investors.

7.00
Unit V: 
Parties to Capital Market

• Brokers, Sub-brokers,
• Foreign Institutional Investors (FIIs),
• Portfolio Managers,
• Custodians,
• Share Transfer Agents,
• Merchant Bankers,
• Bankers to an Issue,
• Underwriters, Credit Rating Agencies.

Essential Readings: 

• K.Natrajan Gordon, Financial Markets and Services , Himalaya publishing house
• Pathak Bharti V, , Indian Financial System, Pearson Education, New Delhi
• Gupta N., Gupta Shashi K., Aggarwal N, Financial Institutions and Markets, Kalyani publishers

References: 

• Agarwal M.R,. Security analysis and portfolio management , Garima Publications
• Bhole L.M., Financial Institutions and Markets structure, growth and Innovation, Tata Mc Graw Hill, New Delhi.
• National Stock Exchange of India Limited, Capital Market Core Module.
E- RESOURCES:
• https://www.bseindia.com/static/about/BSE_Ebooks.aspx
• https://www.bseindia.com/
• https://www.nseindia.com/
• https://www.sebi.gov.in/

JOURNALS:
• Journal of Financial Markets :
• https://www.sciencedirect.com/journal/journal-of-financial-markets
• Indian journal of research in Capital markets : http://indianjournalofcapitalmarkets.com/
 

Academic Year: 
2022-2023
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