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CAPITAL MARKET
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What do we need to know.
Basics of financial maket and itsim!otance
Chaacteistics of "aio#s financial
inst#ments $aio#s !atici!ants in the ca!ital maket
Role of the e%#lato in the financial maket
Conto#s of de"elo!ment of the Indianca!ital maket.
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Intod#ction
&wee!in% chan%es
&!#t in the amo#nt mo'ilised(&Es
)#m'e of new inst#ments M#t#al f#nds
Acti"e seconda* maket
Re%#lato* chan%es Inceased awaeness
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+inancial Maket
Ca!ital maket( Mone* Maket( +oei%n
E,chan%e maket
Benefits-
+low of +#nds( Ca!ital fomation(Risk allocation( Li#idit*(
wealth f#nction
Ca!ital Maket and Mone* Maket
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Ca!ital Maket Inst#ments
/&ec#ities0 defined '* &CRA
+i,ed Income &ec#ities
Pefeence shaesBonds- 1o"enment 'onds o teas#* 'onds.M#nici!al
'onds( Co!oate 'onds( +oei%n 'onds
E#it* &haes M+ #nits
2ei"ati"e sec#ities
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Ca!ital Maket Patici!ants
&tock e,chan%es Bokes( ' 'okes C#stodians 2e!ositoies(
2e!osito* !atici!ants
Mechant 'ankes Bankes to the iss#e 3ndewites Re%istas to the
iss#e Potfolio mana%es M#t#al f#nds
+oei%n Instit#tional In"estos 4+II s5 2e'ent#e t#stees Cedit
atin% a%encies( Collecti"e In"estment &chemes and( $ent#e
ca!ital f#nds
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CAPITAL MARKET-RE13LAT6R7
+RAMEW6RK
The &EBI Act (899:.
The Com!anies Act (89;. Contents of offe doc#ments
?. Picin% of Iss#es
;. Book '#ildin%
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&EBI %#idelines - &econda* maket
8. Reco%nition of stock e,chan%es
:. Re%istation of 'okes( s#'@'okes and
othe intemediaies
>. Listin% of sec#ities
?. Tadin% in sec#ities
;. Contollin% "olatilit*
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Indian Ca!ital Makets @ Re"iew
&t#ct#e of the maket
&ec#ities makets consists of iss#es( in"estos
andintemediaies
Accodin% to the &EBI@ )CAER "e* in Mach:>(anestimate of
8> million ho#seholds ha"e 'een fo#nd toha"e in"estments in
ca!ital maket. This is o#%hl* ofthe total Indian ho#seholds .
The &ociet* fo Ca!ital Maket Reseach and2e"elo!ment
estimated a total of : million in"estos in899.
The n#m'e of in"esto acco#nts with the 2e!ositoies is
ao#nd 8::?9 as on Mach:.
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Indian Ca!ital Makets @ Re"iew
&econda* Maket
)o of stock e,chan%es and 'okes
Inde, 'eha"io# and maket ca!italisation
T#no"e $olatilit* of maket
2ei"ati"es maket
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Concl#sion A "i'ant ca!ital maket ena'les the co!oate secto
to
access f#nds fo in"estment.
The fomation of &EBI !a"ed the wa* fo an odel* %owth ofthe
maket intemediaies in India.
In"esto !otection and de"elo!ment of the sec#ities maketae ke!t
as the two !ima* o'Decti"es of e%#lation in India .
Penetation of the co!oate 'ond maket is still low in india.
Pi"ate !lacement maket is dominatin% o"e the !#'lic
iss#emaket.
The !otential fo %owth in ca!ital maket still e,ists in
India.
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Reso#ce Mo'ilisation in
Pima* Maket
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Maket Intemediaies
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Maket T#no"e
