Equity Markets

Paper Code: 
BIE 132
Credits: 
10
Contact Hours: 
150.00
Max. Marks: 
100.00
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; Exchanges; Depositories; Clearing corporations; Regulatory framework; Reforms.

18.00
Unit II: 
Primary Market

Book building; Credit rating; Merchant banking; On- line IPOs; Demat issues; Private Placement; Virtual debt portals; ADRs/GDRs; Other regulations; Public issues; Euro issues; Debt issues; Collective investment vehicles viz., MFs, VCFs, CISs.

18.00
Unit III: 
Secondary Market

Membership; Listing; Trading and settlement mechanism; Technology; Trading rules - Insider
Trading; Unfair trade practices; Takeovers; Buy back; Turnover; Market capitalisation; Prices;
Liquidity; Transaction costs; Risk management; Indices.

18.00
Unit IV: 
Government Securities Market & Mathematics and Statistics

Government Securities Market: Indian debt market; Primary market; Secondary market-NDS; NDS-OM; CCIL; Wholesale debt market (WDM) segment of NSE.

Mathematics and Statistics:
Measures of central tendency; Return and Risk

18.00
Unit V: 
Derivatives Market

Products, Participants and functions; Trading mechanism; Membership; Contract specification; Clearing & Settlement; Open interest; Implied interest rate; Implied volatility; Risk management; Debt derivatives.

Essential Readings: 

• 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