Competitor analysis of financial securities industries: Religare

Type :

Indian project

Pages :

36 pages

Format :

.doc

Published date :

04/14/2009

Category :

Economics & finance

Sub category :

Finance

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Summary :

Introduction
Objectives of the study
An overview of security market in India
Company profile
1. Security and exchange board of India (SEBI)
What is depository participation
National securities depository limited (NSDL)
Central depository services limited (CDSL)
Product & services
Equity market in India
International equity
Services and charges provided by Religare to customers on equity trading
SWOT analysis of Religare
Suggestions & recommendations
Conclusion
Bibliography

Abstract

The securities markets in India witnessed several policy initiatives since the year 2000, which further refined the markets micro-structure, modernized operations and broadened investment choices for investors. The irregularities in the securities transactions in the last quarter of the previous financial year hastened the introduction and implementation of several reforms. While a joint parliamentary Committee was constituted to go into the irregularities and manipulations in all their ramifications in all transactions relating to securities, decisions were taken to complete the process of demutualization and corporatization of stock exchanges to implement the decision to separate ownership, management and operation of stock exchanges and to effect legislative changes for investor protection, and to enhance the effectiveness of SEBI as the capital market regulator. Rolling settlement on T+5 bases was introduced in respect of most active 251 securities from July 2, 2001 and in respect of balance securities from 31st December 2001. Rolling settlement on T+3 bases commenced for all listed securities from April 1,2002 and subsequently on T+2 bases from 1, 2003. All deferral products such as carry forward were banned from July 2, 2002. Trading in index options commenced in June 2001 and trading in options on individual securities commences in July 2001. Futures contracts on individual stock were launched in November 2001. Futures and options contracts on 49 individual securities were made available from august 2003. Interest rate futures contract was launched from June 2003. The year 2001-02 has also been quiet eventful for debt markets in India, with implementation of several important decisions like setting up of a clearing corporation for government securities, a negotiated dealing system to facilitate transparent electronic bidding in auctions and secondary market transactions on a real time bases and dematerialization of debt instruments.