Study of dematerialization in India: Indiabulls Securities

Type :

Theses

Pages :

53 pages

Format :

.doc

Published date :

04/21/2009

Category :

Economics & finance

Sub category :

Finance

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Summary :

Introduction
Indian stock markets and a background study
Market capitalization in India
Objectives of the study
Scope and limitation of the study
A study of the Indian capital market
A study of the Securities and Exchange Board of India (SEBI)
A brief history of National Stock Exchange
What is International Securities Identification Number (ISIN)
Introduction to Indiabulls
1. Growth of Indiabulls
Data interpretation and analysis
Conclusion
Bibliography

Abstract

A widely neither distributed nor such distress followed so quickly on the heels 1the equity brokerage industry in india is one of the oldest in the Asia region. india had an active stock market for about 150 years that played a significant role in developing risk markets as also promoting enterprise and supporting the growth of industry. The roots of a stock market in india began in the 1860s during the American Civil War that led to a sudden surge in the demand for cotton from india resulting in setting up of a number of joint stock companies that issued securities to raise finance. This trend was akin to the rapid growth of securities markets in Europe and the North America in the background of expansion of railroads and exploration of natural resources and land development. A new phase in the Indian stock markets began in the 1970s, with the introduction of Foreign Exchange Regulation Act (FERA) that led to divestment of foreign equity by the multinational companies, which created a surge in retail investing. A new set of economic and financial sector reforms that began in the early 1990s gave further impetus to the growth of the stock markets in india. As a part of the reform process, it became imperative to strengthen the role of the capital markets that could play an important role in efficient mobilization and allocation of financial resources to the real economy. Towards this end, several measures were taken to streamline the processes and systems including setting up an efficient market infrastructure to enable Indian finance to grow further and mature. The importance of an efficient micro market infrastructure came into focus following the incidence of market abuses in securities and banking markets in 1991 and 2001 that led to extensive investigations by two respective Joint Parliamentary Committees. The securities and Exchange Board of india (SEBI), which was set up in 1988 as an administrative arrangement, was given statutory powers with the enactment of the SEBI Act, 1992.