Equity Markets

Paper Code: 
BIE 132
Credits: 
10
Contact Hours: 
150.00
Max. Marks: 
100.00
Objective: 

 To facilitate study of theory and practice of banking and finance.

 To promote continous professional development.

 To provide information needed by professionals in banking and finance.
 

18.00
Unit I: 
Securities Market in India

An overview securities market and financial system;Products,participants and functions; primary market; secondary market; derivatives market; Regulators; Exchange; Depositories; clearing corporations; regulatory framework; reforms

18.00
Unit II: 
Primary Market

IPO- Methods followed, On- line IPOs, Book Buliding, Merchant banking; role of merchant bankiers in fixing the prices, red0 herring prospectus- it's unique features, green shoe option, sweat equit, ESOP, rights issue of shares, ADRs/GDR's, FCCBs, Euro issues; Collective investment vehicles viz, Mutual funds, venture captial funds, credit rating

18.00
Unit III: 
Secondary Market

Definition and fuctions of stock exchanges, stock exchanges in India, NSE, BSE, OTCEI and overseaes stock exchanges, stock market indices, recent development in stock exchanges, listing of securities: meaning- merits and demerits- listing requirements, procedure,delisting, trading and settlement mechanism. Unfare trade practices; insider trading, buyback of shares.

18.00
Unit IV: 
Government Securities Market

Government Securities Market, products, participants and fuctions, types of Government securities; treasury bills, government bond, gilt securities. Indian debt market; primary market, money market and its instruments. CCIL; wholesale debt market (WDM) segment of NSE

18.00
Unit V: 
Derivatives Market

Meaning, history, types of instruments in derivatives market- forward, future, option, swaps, hedging arbitrage and speculations, Indian derivatives market, trading mechanism in Indian derivatives market, forieng exchange market in India: meaning, currency derivatives, exchange rate as an economic indicator

References: 
  • Bhole L.M., Financial Institutions and Markets structure, growth and Innovation, Tata Mc Graw Hill, New Delhi.
  • Pathak Bharti V, , Indian Financial System, Pearson Education, New Delhi
  • National Stock Exchange of India Limeted, Capital Market Core Module
     
Academic Year: