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Equity Markets (Theory)
The students will be enabled to understand various financial markets, investment avenues, primary and secondary market operations, depositories, and the roles of different entities in the capital market.
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Course |
Learning outcome (at course level) |
Learning and teaching strategies |
Assessment Strategies |
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Course Code |
Course Title |
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24CFSG 413 |
Equity Markets (Theory) |
CO121: Appraise theoretical and practical knowledge about the various types of equity markets and compare various Investment Avenues available in India. CO122: Analyse the Primary market and select the appropriate methods of marketing the securities at national and international levels. CO123: Evaluate the concept of secondary market and to assemble various requirements related to listing and delisting of securities. CO124: Analyse and support the working of Depositories and mechanics of security trading in India. CO125: Differentiate between various participants of security market and their functions. CO126: Contribute effectively in course-specific interaction |
Approach in teaching: Interactive Lectures, Discussion, Tutorials, PowerPoint presentations. Learning activities for the students: Self-learning assignments, and presentation. |
CA tests, Semester end examinations, Quiz, Assignments, Presentations. |
• Types of Markets: Equity, debt, derivatives, commodities.
• Overview of Derivative Market: Introduction, features, Types of Instruments in Derivatives market- Forward, Future, Option, Swaps, Commodities- Features.
• Types of investment avenues: Fixed Deposits, Bank Deposits, Provident Funds, Life Insurance, Post Office Savings, Small savings, Gold, Mutual Funds, Equity Shares, Debentures/Bonds, crypto.
• Initial Public Offer (IPO),
• Methods of marketing an issue.
• 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, resource mobilization from international markets (ADR, GDR, Euro issues)
• Structure & Functioning: The Stock Market in India,
• Mechanics of Stock Exchanges namely BSE & NSE ,OTCEI– stock market Indices,
• Listing of securities in stock exchange, Delisting.
• Trading arrangements, bulk deal, block deal, DMA, negotiated deals, trading and settlement, rolling settlement, internet trading
• Functions, NSDL,CDSL,
• Depository participants,
• Trading and settlement, Rolling Settlement,
• Do’s and Don’ts for investors.
• Brokers, Sub-brokers,
• Foreign Institutional Investors (FIIs),
• Portfolio Managers,
• Custodians,
• Share Transfer Agents,
• Merchant Bankers,
• Bankers to an Issue,
• Underwriters, Credit Rating Agencies.
• 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
Suggested Readings:
• 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-Content:
• https://www.bseindia.com/static/about/BSE_Ebooks.aspx
• https://www.bseindia.com/
• https://www.nseindia.com/
• https://www.sebi.gov.in/
Reference Journals:
• Journal of Financial Markets :
• https://www.sciencedirect.com/journal/journal-of-financial-markets
• Indian Journal of Research in Capital Markets: http://indianjournalofcapitalmarkets.com/
