bse vs nasdaq

8/13/2019 Bse Vs Nasdaq

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BSE V/S NASDAQ 1

KC COLLEGE

Table Of Contents

Sr. No Topic Pg No.

1. World Federation OF Exchanges 2

2. Bombay Stock Exchange 3

3. Nasdaq 25

4. Correlation Between Bse & Nasdaq 41

5. Factors Affecting Share Prices 43

6. Subprime Crisis and its Impacts 48

7. Conclusion 55

8. Webliography 56


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BSE V/S NASDAQ 2

KC COLLEGE

World Federation Of Exchanges

The World Federation of Exchanges (WFE) ranks the stock exchanges of the

world. It is the trade association of 58 publicly regulated stock, futures andoptions exchanges. It sorts all the exchanges by size so as to identify the largest

stock exchanges in terms of various factors like market capitalization, number of

listed companies, total volume of shares, etc.

To be a member, exchanges must adhere to the WFE Membership Criteria.

Candidates are selected following a peer review. There are 2 Associates, 17

WFE Affiliates with separate professional relations and 31 exchanges which are

WFE Correspondents.

In 2012, the global market capitalization recovered with a 15.1% growth rateto USD 55 trillion.

The best performance in 2012 was observed in the Americas (+17.2%)

followed by Asia-Pacific (+15.4%) and EAME (+11.6%).

In the Americas, the growth was mainly driven by the US exchanges that

increased 19% while Canada increased slightly less (8%) and contrasted

trends were observed in Latin American countries.

Despite the good performance of market capitalization in 2012, the Electronic

Order Book (EOB) turnover value declined by 22.5%. All the regions were

affected by this trading volumes drop :EAME (-24.1%),Americas (- 23.2%) and Asia Pacific (-20%).

The global number of trades also decreased significantly in 2012, but in Asia

Pacific and EAME, the decrease was less pronounced than for the value of

share trading.

In 2012, the average transaction size (weighted by value of share trading)

slightly increased from USD 8100 to 8300.

Regional and total WFE domestic equity market capitalization performances

at year end 2012 compared to year end 2011.

Time Zone USD bn

End 2012

USD bn

End 2011

% change

in USD

Americas 23 193 19 789 17.2%

AsiaPacific 16 929 14 670 15.4%

Europe Africa Middle East 14 447 12 942 11.6%

Total WFE 54 570 47 041 15.1%


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BSE V/S NASDAQ 3

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Bombay Stock Exchange

History

Bombay Stock Exchange, commonly referred to as the BSE, is a stock exchange

located onDalal Street,Mumbai,Maharashtra,India.

Established in 1875, BSE Ltd. (formerly known as Bombay Stock Exchange Ltd.), is

Asias first Stock Exchange and one of Indias leading exchange groups. Over the

past 137 years, BSE has facilitated the growth of the Indian corporate sector by

providing it an efficient capital-raising platform. Popularly known as BSE, the bourse

was established as "The Native Share & Stock Brokers' Association" in 1875.

The Bombay Stock Exchange is the oldest exchange in India. It traces its history tothe 1855, when four Gujarati and one Parsi stockbroker would gather under banyan

trees in front of Mumbai's Town Hall. The location of these meetings changed many

times, as the number of brokers constantly increased. The group eventually moved

to Dalal Street in 1874 and in 1875 became an official organization known as 'The

Native Share & Stock Brokers Association'.

In 1958, the BSE became the first stock exchange to be recognized by the Indian

Government under the Securities Contracts Regulation Act. In 1980 the exchange

moved the Phiroze Jeejeebhoy Towers at Dalal Street, Fort area. In 1986 it

developed the BSE SENSEX index, giving the BSE a means to measure overall

performance of the exchange. In 2000 the BSE used this index to open its

derivatives market, trading SENSEX futures contracts. The development of SENSEX

options along with equity derivatives followed in 2001 and 2002, expanding the

BSE's trading platform.

Historically an open outcry floor trading exchange, the Bombay Stock Exchange

switched to an electronic trading system in 1995. It took the exchange only fifty days

to make this transition. This automated, screen-based trading platform called BSE

On-line trading (BOLT) had a capacity of 8 million orders per day. The BSE has alsointroduced the world's first centralized exchange-based internet trading system,

BSEWEBx.co.in to enable investors anywhere in the world to trade on the BSE

platform.
http://en.wikipedia.org/wiki/Stock_exchangehttp://en.wikipedia.org/wiki/Dalal_Streethttp://en.wikipedia.org/wiki/Mumbaihttp://en.wikipedia.org/wiki/Maharashtrahttp://en.wikipedia.org/wiki/Indiahttp://en.wikipedia.org/wiki/Indian_Governmenthttp://en.wikipedia.org/wiki/Indian_Governmenthttp://en.wikipedia.org/wiki/Phiroze_Jeejeebhoy_Towershttp://en.wikipedia.org/wiki/Dalal_Streethttp://en.wikipedia.org/wiki/Fort_%28Mumbai_precinct%29http://en.wikipedia.org/wiki/BSE_SENSEXhttp://en.wikipedia.org/wiki/Screen-based_tradinghttp://bsewebx.co.in/http://bsewebx.co.in/http://en.wikipedia.org/wiki/Screen-based_tradinghttp://en.wikipedia.org/wiki/BSE_SENSEXhttp://en.wikipedia.org/wiki/Fort_%28Mumbai_precinct%29http://en.wikipedia.org/wiki/Dalal_Streethttp://en.wikipedia.org/wiki/Phiroze_Jeejeebhoy_Towershttp://en.wikipedia.org/wiki/Indian_Governmenthttp://en.wikipedia.org/wiki/Indian_Governmenthttp://en.wikipedia.org/wiki/Indiahttp://en.wikipedia.org/wiki/Maharashtrahttp://en.wikipedia.org/wiki/Mumbaihttp://en.wikipedia.org/wiki/Dalal_Streethttp://en.wikipedia.org/wiki/Stock_exchange


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Milestones

In its 137-year glorious history, BSE has crossed several milestones and been a

driver of several key initiatives and developments in the Indian capital market.

1830 to 1875

1830's Business on corporate stocks and shares in Bank and Cotton presses

started in Bombay.

1860-1865 Cotton price bubble as a result of the American Civil War.

1870 - 90's Sharp increase in share prices of jute industries followed by a

boom in tea stocks and coal

1875 To 1995

9th Jul 1875 The Native Share & Stock Broker's Association formed 2nd Feb 1921 Clearing House started by Bank of India

31st Aug 1957 BSE granted permanent recognition under Securities

Contracts (Regulation) Act (SCRA)

2nd Jan 1986 SENSEX, country's first equity index launched (Base Year:

1978-79 =100)

10th Jul 1987 Investor's Protection Fund (IPF) introduced

3rd Jan 1989 BSE Training Institute (BTI) inaugurated

25th Jul 1990 SENSEX closes above 1000

15th Jan 1992 SENSEX closes above 2000 30th Mar 1992 SENSEX closes above 4000

1 May 1992 SEBI Act established (An Act to protect, develop and regulate the

securities market)

29 May 1992 Capital Issues (Control) Act repealed

1992 Securities Appellate Tribunal (SAT) established

14th Mar 1995 BSE On-Line Trading (BOLT) system introduced

1996 To 2000

19th Aug 1996 First major SENSEX revamp

12 May 1997 Trade Guarantee Fund (TGF) introduced

21st Jul 1997 Brokers Contingency Fund (BCF) introduced

1997 BSE On-Line Trading (BOLT) system expanded nation-wide

22nd Mar 1999Central Depository Services Limited (CDSL) set up with other

financial institutions

1st Jun 1999 Interest Rate Swaps (IRS) / Forward Rate Agreements (FRA)

allowed

15th Jul 1999 CDSL commences work

11th Oct 1999 SENSEX closed above 5000 9th Jun 2000 Equity Derivatives introduced
http://en.wikipedia.org/wiki/Central_Depository_Services_Limitedhttp://en.wikipedia.org/wiki/Interest_Rate_Swaphttp://en.wikipedia.org/wiki/Forward_Rate_Agreementhttp://en.wikipedia.org/wiki/Forward_Rate_Agreementhttp://en.wikipedia.org/wiki/Interest_Rate_Swaphttp://en.wikipedia.org/wiki/Central_Depository_Services_Limited


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2001 To 2005

1st Mar 2001 Corporatisation of Exchanges proposed by the Union Govt.

1st Feb 2001 BSE Webx Launched

1st Jun 2001 Index Options launched

4th Jun 2001 BSE PSU index introduced

15th Jun 2001 WDM operations at commenced

2nd Jul 2001VaR model introduced for margin requirement calculation

9th Jul 2001 Stock options launched

11th Jul 2001 BSE Teck launched, Indias First free float index

25th Jul 2001 Dollex 30 launched

1st Nov 2001 Stock futures launched

29th Nov 2001 100% book building allowed 31st Dec 2001 All securitiesclearing move to T+5 (trade date + 5 days)

1st Feb 2002 Two way fungibility for ADR/GDR

15th Feb 2002 Negotiated Dealing System (NDS) established

1st Apr 2002 T+3 settlement Introduced

1st Jan 2003 Indias first ETF on SENSEX - SPICE' introduced

16th Jan 2003 Retail trading in G Sec

1st Apr 2003 T+2 settlement Introduced

1st June 2003 Bankex launched

1st Sep 2003 SENSEX shifted to free-float methodology 1st Dec 2003 T group launched

2nd Jun 2004 SENSEX closes over 6000 for the first time (564.71 points,

11.14%)

17th May 2004 Second biggest fall of all time, Circuit filters used twice in a

day (the Scheme) announced by SEBI

20th May 2005 The BSE (Corporatisation and Demutualisation) Scheme,

2005

8th Aug 2005 Incorporation of Bombay Stock Exchange Limited

12th Aug 2005 Certificate of Commencement of Business

19th Aug 2005 BSE becomes a Corporate Entity
http://en.wikipedia.org/wiki/VaRhttp://en.wikipedia.org/wiki/Clearing_%28finance%29http://en.wikipedia.org/wiki/Clearing_%28finance%29http://en.wikipedia.org/wiki/VaR


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BSE V/S NASDAQ 6

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2006 To 2010

7th Feb 2006 SENSEX closed above 10000

7th Jul 2006 BSE Gujarati website launched

21st Oct 2006 BSE Hindi website launched

2nd Nov 2006 iShares BSE SENSEX India Tracker listed at Hong Kong Stock

Exchange

2nd Jan 2007 Launch of Unified Corporate Bond Reporting platform: Indian

Corporate Debt Market (ICDM)

7th Mar 2007 Singapore Exchange Limited entered into an agreement to

invest in a 5% stake in BSE

16th May 2007 Appointed Date under the Scheme i.e. Date on which

Corporatisaton and Demutualisation was achieved. Notified by SEBI in the

Official Gazette on 29.06.2007

10th Jan 2008 SENSEX All-time high 21206.77 1st Oct 2008 Currency Derivatives Introduced

18 May 2009 The SENSEX raised 2110.70 points (17.34%) and Index-wide

upper circuit breaker applied

7th Aug 2009 BSE - USE Form Alliance to Develop Currency & Interest Rate

24th Aug 2009 BSE IPO Index launched

1st Oct 2009 Bombay Stock Exchange introduces trade details facility for the

Investors

5th Oct 2009 BSE Introduces New Transaction Fee Structure for Cash Equity

Segment 25th Nov 2009 BSE launches FASTRADE - a new market access platform

4th Dec 2009 BSE Launches BSE StAR MFMutual Fund trading platform

7th Dec 2009 Launch of clearing and settlement of Corporate Bonds through

Indian Clearing Corporation Ltd.

18th Dec 2009 BSE's new derivatives rates to lower transaction costs for all

4th Jan 2010 Market time changed to 9.0 a.m. - 3.30 p.m.

20th Jan 2010 BSE PSU website launched

22nd Apr 2010 New DBM framework @ Rs.10 lakhs - 90% reduction in

Membership Deposit

12 May 2010 Dissemination of Corporate Action information via SWIFT

platform

23 July 2010 Options on BOLT

29th Sep 2010 Introduction of Smart Order Routing (SOR)

4th Oct 2010 EUREX - SENSEX Futures launch

11th Oct 2010 Launch of Fastrade on Web (FoW) - Exchange hosted platform

5th Nov 2010 SENSEX closes above 21,000 for the first time

12th Nov 2010 Commencement of Volatility Index

22nd Nov 2010 Launch of SLB

10th Dec 2010 Launch of SIP 27th Dec 2010 Commencement of Shariah Index
http://en.wikipedia.org/wiki/Singapore_Exchangehttp://en.wikipedia.org/wiki/Singapore_Exchange


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2011 To 2013

17th Nov 2011 Maharashtra and United Kingdom Environment Ministers

launched Concept Note for BSE Carbon Index 7th Jan 2011 BSE Training Institute Ltd. with IGNOU launched India's first 2

year full-time MBA programme specialising in Financial Market

15th Jan 2011 Co-location facility at BSE - tie up with Netmagic

22nd Feb 2012 Launch of BSE-GREENEX to promote investments in Green

India

13th Mar 2012 Launch of BSE - SME Exchange Platform

30th Mar 2012 BSE launched trading in BRICSMART indices derivatives

19 February 2013 - SENSEX becomes S&P SENSEX as BSE ties up with

Standard and Poor's to use the S&P brand for Sensex and other indices
http://en.wikipedia.org/wiki/Standard_and_Poor%27shttp://en.wikipedia.org/wiki/Standard_and_Poor%27s


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BSE V/S NASDAQ 8

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Board Of Directors

Name Designation

Mr. S. Ramadorai Non-Executive

Chairman

Vice Chairman, Tata

Consultancy Services

Mr. Ashishkumar Chauhan Managing Director &

CEO

Mr. Sudhakar Rao Public Interest Director

Dr. Sanjiv Misra Public Interest Director

IAS (Retd.)

Mr. S.H. Kapadia Public Interest Director (Former CJI)

Mr. Keki M. Mistry Shareholder Directors Vice-Chairman &

CEO HDFC Ltd.

Mr. Andreas Preuss Shareholder Directors Deputy CEO

Deutsche Borse AG

Mr. Thomas Bendixen Shareholder Directors Alternate Director toMr. Andreas Preuss
http://www.bseindia.com/static/about/boardofdirectors.aspx?expandable=1http://www.bseindia.com/static/about/boardofdirectors.aspx?expandable=1http://www.bseindia.com/static/about/boardofdirectors.aspx?expandable=1http://www.bseindia.com/static/about/boardofdirectors.aspx?expandable=1http://www.bseindia.com/static/about/boardofdirectors.aspx?expandable=1http://www.bseindia.com/static/about/boardofdirectors.aspx?expandable=1http://www.bseindia.com/static/about/boardofdirectors.aspx?expandable=1http://www.bseindia.com/static/about/boardofdirectors.aspx?expandable=1http://www.bseindia.com/static/about/boardofdirectors.aspx?expandable=1http://www.bseindia.com/static/about/boardofdirectors.aspx?expandable=1http://www.bseindia.com/static/about/boardofdirectors.aspx?expandable=1http://www.bseindia.com/static/about/boardofdirectors.aspx?expandable=1http://www.bseindia.com/static/about/boardofdirectors.aspx?expandable=1http://www.bseindia.com/static/about/boardofdirectors.aspx?expandable=1http://www.bseindia.com/static/about/boardofdirectors.aspx?expandable=1http://www.bseindia.com/static/about/boardofdirectors.aspx?expandable=1


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BSE V/S NASDAQ 9

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Need For BSE

BSE is one of the factors Indian Economy depends upon. BSE has played a major

role in the development of the country. Through BSE, Foreign Investors have

invested in India. Due to inward flow of foreign currency the, the Indian economies

have started showing the upward trend towards the development of the country.

BSE provides employment for many people. Trading in BSE is also a business for a

few, their family income depends on it that is the reason why when scandals occur in

the stock market it not only affects the companies listed but also affects many

families. In the few extreme cases, it is observed that the bread winner of a family

tends to suicide due to the losses occurred.

In most of major industrial cities all over the world, where the businesses were

evolving and required investment capital to grow and thrive, stock exchanges acted

as the interface between Suppliers and Consumers of capital. One of the key

advantages of the stock exchanges is that they are efficient medium for raising

resources and channeling savings from the general public by the way of issue of

Equity / Debt Capital by joint stock companies which are listed on stock exchanges.

Not to forget that the taxes and other statutory charges paid by BSE are substantial

and make a sizeable contribution to the Government exchequer (Financial

resources; funds). For example, transactions on the stock exchanges are subject to

stamp duties, which are paid to the State Government. The annual revenue from this

source ranges from Rs 75100 crores

With the opening up of the financial markets to Foreign Investors a number of foreign

institutional investors and brokers have established a sizeable presence in Mumbai.


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BSE V/S NASDAQ 10

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S&P BSE SENSEX

The S&P BSE SENSEX (S&P Bombay Stock Exchange Sensitive Index), also-called

the BSE 30 or simply the SENSEX, is a free-float market capitalization-weighted

stock market index of 30 well-established and financially sound companies listed onBSE Ltd. The 30 component companies which are some of the largest and most

actively traded stocks, are representative of various industrial sectors of the Indian

economy. Published since 1 January 1986, the S&P BSE SENSEX is regarded as

the pulse of the domestic stock markets in India. The base value of the S&P BSE

SENSEX is taken as 100on 1 April 1979, and its base year as 197879.

The term Sensex was coined byDeepak Mohoni,a stock market analyst.

INDICES OF BSE

Index Watch

As On 16 Sep 13 | 03:26 PM

Category/Index 52 Week Full Market

Capitalisation

Turnover

High Low ( Cr. ) % to

Total

Mkt Cap

( Cr. ) % to Total

Turnover

BroadS&P BSE SENSEX 20443.62 17448.71 3279201.89 52.86 475.84 26.85

S&P BSE MID CAP 7391.34 5118.74 818193.21 13.19 374.34 21.12

S&P BSE SMALL

CAP

7696.74 5085.56 271648.68 4.38 140.37 7.92

S&P BSE 100 6246.37 5116.81 4812209.76 77.57 1242.77 70.11

S&P BSE 200 2509.17 2041.82 5540128.95 89.30 1555.14 87.74

S&P BSE 500 7792.70 6301.27 6054239.42 97.59 1711.96 96.58

Thematic

S&P BSE GREENEX 1662.83 1383.18 1803629.60 29.07 333.95 18.84S&P BSE

CARBONEX

1014.36 0.00 4812209.76 77.57 1242.77 70.11

Investment

Strategies

S&P BSE IPO -- -- 48639.24 0.78 12.06 0.68

S&P BSE SME IPO 352.26 130.59 1985.92 0.03 1.19 0.07

S&P BSE DOLLEX 30 29773.40 2173.28 126029.80 2.03 10.38 0.59

S&P BSE DOLLEX

100

11432.70 802.04 11568.08 0.19 1.00 0.06

S&P DOLLEX 200 7397.09 514.37 126029.80 2.03 10.38 0.59
http://en.wikipedia.org/wiki/Capitalization-weighted_indexhttp://en.wikipedia.org/wiki/Stock_market_indexhttp://en.wikipedia.org/wiki/Industryhttp://en.wikipedia.org/wiki/Deepak_Mohonihttp://www.bseindia.com/indices/indiceswatch.aspx?index_Code=16&iname=BSE30http://www.bseindia.com/indices/indiceswatch.aspx?index_Code=59&iname=MIDCAPhttp://www.bseindia.com/indices/indiceswatch.aspx?index_Code=60&iname=SMLCAPhttp://www.bseindia.com/indices/indiceswatch.aspx?index_Code=60&iname=SMLCAPhttp://www.bseindia.com/indices/indiceswatch.aspx?index_Code=22&iname=BSE100http://www.bseindia.com/indices/indiceswatch.aspx?index_Code=23&iname=BSE200http://www.bseindia.com/indices/indiceswatch.aspx?index_Code=17&iname=BSE500http://www.bseindia.com/indices/indiceswatch.aspx?index_Code=75&iname=GREENXhttp://www.bseindia.com/indices/indiceswatch.aspx?index_Code=77&iname=CARBONhttp://www.bseindia.com/indices/indiceswatch.aspx?index_Code=77&iname=CARBONhttp://www.bseindia.com/indices/indiceswatch.aspx?index_Code=72&iname=BSEIPOhttp://www.bseindia.com/indices/sme_ipo.aspx?page=531BB8D5-6CB9-4ABC-8791-378F12A70B60http://www.bseindia.com/indices/indiceswatch.aspx?index_Code=47&iname=DOL30http://www.bseindia.com/indices/indiceswatch.aspx?index_Code=65&iname=DOL100http://www.bseindia.com/indices/indiceswatch.aspx?index_Code=65&iname=DOL100http://www.bseindia.com/indices/indiceswatch.aspx?index_Code=65&iname=DOL100http://www.bseindia.com/indices/indiceswatch.aspx?index_Code=65&iname=DOL100http://www.bseindia.com/indices/indiceswatch.aspx?index_Code=47&iname=DOL30http://www.bseindia.com/indices/sme_ipo.aspx?page=531BB8D5-6CB9-4ABC-8791-378F12A70B60http://www.bseindia.com/indices/indiceswatch.aspx?index_Code=72&iname=BSEIPOhttp://www.bseindia.com/indices/indiceswatch.aspx?index_Code=77&iname=CARBONhttp://www.bseindia.com/indices/indiceswatch.aspx?index_Code=77&iname=CARBONhttp://www.bseindia.com/indices/indiceswatch.aspx?index_Code=75&iname=GREENXhttp://www.bseindia.com/indices/indiceswatch.aspx?index_Code=17&iname=BSE500http://www.bseindia.com/indices/indiceswatch.aspx?index_Code=23&iname=BSE200http://www.bseindia.com/indices/indiceswatch.aspx?index_Code=22&iname=BSE100http://www.bseindia.com/indices/indiceswatch.aspx?index_Code=60&iname=SMLCAPhttp://www.bseindia.com/indices/indiceswatch.aspx?index_Code=60&iname=SMLCAPhttp://www.bseindia.com/indices/indiceswatch.aspx?index_Code=59&iname=MIDCAPhttp://www.bseindia.com/indices/indiceswatch.aspx?index_Code=16&iname=BSE30http://en.wikipedia.org/wiki/Deepak_Mohonihttp://en.wikipedia.org/wiki/Industryhttp://en.wikipedia.org/wiki/Stock_market_indexhttp://en.wikipedia.org/wiki/Capitalization-weighted_index


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BSE V/S NASDAQ 11

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Sectorial

S&P BSE BANKEX 15335.89 9535.75 589605.41 9.50 296.75 16.74

S&P BSE FMCG 7600.05 439.19 614519.27 9.91 95.78 5.40

S&P BSE AUTO 11868.56 9656.39 351162.54 5.66 64.14 3.62

S&P BSE PSU 7945.26 4774.97 1247785.76 20.11 231.27 13.05S&P BSE

CONSUMER

DURABLES

8221.12 5358.18 40615.78 0.65 10.45 0.59

S&P BSE POWER 2113.73 1315.62 352512.87 5.68 79.30 4.47

S&P BSE OIL & GAS 9890.89 7552.19 762433.83 12.29 72.53 4.09

S&P BSE METAL 11510.14 6353.75 457361.09 7.37 110.81 6.25

S&P BSE CAPITAL

GOODS

11408.58 6718.83 191328.22 3.08 58.58 3.30

S&P BSE TECK 4571.07 3268.17 1112564.98 17.93 180.13 10.16S&P BSE REALTY 2326.78 1126.84 61317.76 0.99 50.44 2.85

S&P BSE IT 8154.14 5496.03 796446.79 12.84 125.92 7.10

S&P BSE

HEALTHCARE

9509.52 7315.20 356446.92 5.75 285.85 16.13

Volatility Index

S&P BSE REALVOL-

1MTH

-- -- -- -- -- --

S&P BSE REALVOL-

2MTH

-- -- -- -- -- --

S&P BSE REALVOL-

3MTH

-- -- -- -- -- --

Thematic

S&P BSE 500

SHARIAH

-- -- 6407205.68 -- -- --
http://www.bseindia.com/indices/indiceswatch.aspx?index_Code=53&iname=BANKEXhttp://www.bseindia.com/indices/indiceswatch.aspx?index_Code=29&iname=BSEFMCGhttp://www.bseindia.com/indices/indiceswatch.aspx?index_Code=42&iname=AUTOhttp://www.bseindia.com/indices/indiceswatch.aspx?index_Code=44&iname=BSEPSUhttp://www.bseindia.com/indices/indiceswatch.aspx?index_Code=27&iname=BSECDhttp://www.bseindia.com/indices/indiceswatch.aspx?index_Code=27&iname=BSECDhttp://www.bseindia.com/indices/indiceswatch.aspx?index_Code=27&iname=BSECDhttp://www.bseindia.com/indices/indiceswatch.aspx?index_Code=69&iname=POWERhttp://www.bseindia.com/indices/indiceswatch.aspx?index_Code=37&iname=OILGAShttp://www.bseindia.com/indices/indiceswatch.aspx?index_Code=35&iname=METALhttp://www.bseindia.com/indices/indiceswatch.aspx?index_Code=25&iname=BSECGhttp://www.bseindia.com/indices/indiceswatch.aspx?index_Code=25&iname=BSECGhttp://www.bseindia.com/indices/indiceswatch.aspx?index_Code=45&iname=TECKhttp://www.bseindia.com/indices/indiceswatch.aspx?index_Code=67&iname=REALTYhttp://www.bseindia.com/indices/indiceswatch.aspx?index_Code=33&iname=BSEIThttp://www.bseindia.com/indices/indiceswatch.aspx?index_Code=31&iname=BSEHChttp://www.bseindia.com/indices/indiceswatch.aspx?index_Code=31&iname=BSEHChttp://www.bseindia.com/indices/RealVol.aspxhttp://www.bseindia.com/indices/RealVol.aspxhttp://www.bseindia.com/indices/RealVol.aspxhttp://www.bseindia.com/indices/RealVol.aspxhttp://www.bseindia.com/indices/RealVol.aspxhttp://www.bseindia.com/indices/RealVol.aspxhttp://www.bseindia.com/indices/RealVol.aspxhttp://www.bseindia.com/indices/RealVol.aspxhttp://www.bseindia.com/indices/RealVol.aspxhttp://www.bseindia.com/indices/RealVol.aspxhttp://www.bseindia.com/indices/RealVol.aspxhttp://www.bseindia.com/indices/RealVol.aspxhttp://www.bseindia.com/indices/indiceswatch.aspx?index_Code=31&iname=BSEHChttp://www.bseindia.com/indices/indiceswatch.aspx?index_Code=31&iname=BSEHChttp://www.bseindia.com/indices/indiceswatch.aspx?index_Code=33&iname=BSEIThttp://www.bseindia.com/indices/indiceswatch.aspx?index_Code=67&iname=REALTYhttp://www.bseindia.com/indices/indiceswatch.aspx?index_Code=45&iname=TECKhttp://www.bseindia.com/indices/indiceswatch.aspx?index_Code=25&iname=BSECGhttp://www.bseindia.com/indices/indiceswatch.aspx?index_Code=25&iname=BSECGhttp://www.bseindia.com/indices/indiceswatch.aspx?index_Code=35&iname=METALhttp://www.bseindia.com/indices/indiceswatch.aspx?index_Code=37&iname=OILGAShttp://www.bseindia.com/indices/indiceswatch.aspx?index_Code=69&iname=POWERhttp://www.bseindia.com/indices/indiceswatch.aspx?index_Code=27&iname=BSECDhttp://www.bseindia.com/indices/indiceswatch.aspx?index_Code=27&iname=BSECDhttp://www.bseindia.com/indices/indiceswatch.aspx?index_Code=27&iname=BSECDhttp://www.bseindia.com/indices/indiceswatch.aspx?index_Code=44&iname=BSEPSUhttp://www.bseindia.com/indices/indiceswatch.aspx?index_Code=42&iname=AUTOhttp://www.bseindia.com/indices/indiceswatch.aspx?index_Code=29&iname=BSEFMCGhttp://www.bseindia.com/indices/indiceswatch.aspx?index_Code=53&iname=BANKEX


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BSE V/S NASDAQ 12

KC COLLEGE

Components

The BSE Sensex currently consists of the following 30 major Indian companies

which are as follows :

Company Industry

1 Housing Development Finance Corporation Consumer finance

2 Cipla Pharmaceuticals

3 Bharat Heavy Electricals Electrical equipment

4 State Bank Of India Banking

5 HDFC Bank Banking

6 Hero Motocorp Automotive

7 Infosys Information Technology

8 Oil and Natural Gas Corporation Oil and gas

9 Reliance Industries Oil and gas

10 Tata Power Power

11 Hindalco Industries Metals and Mining

12 Tata Steel Steel

13 Larsen & Toubro Conglomerate

14 Mahindra & Mahindra Automotive

15 Tata Motors Automotive

16 Hindustan Unilever Consumer goods

17 ITC Conglomerate

18 Sterlite Industries Metals and Mining

19 Wipro Information Technology

20 Sun Pharmaceutical Pharmaceuticals
http://en.wikipedia.org/wiki/Housing_Development_Finance_Corporationhttp://en.wikipedia.org/wiki/Housing_Development_Finance_Corporationhttp://en.wikipedia.org/wiki/Ciplahttp://en.wikipedia.org/wiki/Ciplahttp://en.wikipedia.org/wiki/Bharat_Heavy_Electricalshttp://en.wikipedia.org/wiki/Bharat_Heavy_Electricalshttp://en.wikipedia.org/wiki/State_Bank_Of_Indiahttp://en.wikipedia.org/wiki/State_Bank_Of_Indiahttp://en.wikipedia.org/wiki/HDFC_Bankhttp://en.wikipedia.org/wiki/Hero_Motocorphttp://en.wikipedia.org/wiki/Hero_Motocorphttp://en.wikipedia.org/wiki/Infosyshttp://en.wikipedia.org/wiki/Infosyshttp://en.wikipedia.org/wiki/Oil_and_Natural_Gas_Corporationhttp://en.wikipedia.org/wiki/Oil_and_Natural_Gas_Corporationhttp://en.wikipedia.org/wiki/Reliance_Industrieshttp://en.wikipedia.org/wiki/Reliance_Industrieshttp://en.wikipedia.org/wiki/Tata_Powerhttp://en.wikipedia.org/wiki/Tata_Powerhttp://en.wikipedia.org/wiki/Hindalco_Industrieshttp://en.wikipedia.org/wiki/Hindalco_Industrieshttp://en.wikipedia.org/wiki/Tata_Steelhttp://en.wikipedia.org/wiki/Larsen_%26_Toubrohttp://en.wikipedia.org/wiki/Larsen_%26_Toubrohttp://en.wikipedia.org/wiki/Mahindra_%26_Mahindrahttp://en.wikipedia.org/wiki/Mahindra_%26_Mahindrahttp://en.wikipedia.org/wiki/Tata_Motorshttp://en.wikipedia.org/wiki/Tata_Motorshttp://en.wikipedia.org/wiki/Hindustan_Unileverhttp://en.wikipedia.org/wiki/Hindustan_Unileverhttp://en.wikipedia.org/wiki/ITC_Limitedhttp://en.wikipedia.org/wiki/Sterlite_Industrieshttp://en.wikipedia.org/wiki/Sterlite_Industrieshttp://en.wikipedia.org/wiki/Wiprohttp://en.wikipedia.org/wiki/Sun_Pharmaceuticalhttp://en.wikipedia.org/wiki/Sun_Pharmaceuticalhttp://en.wikipedia.org/wiki/Wiprohttp://en.wikipedia.org/wiki/Sterlite_Industrieshttp://en.wikipedia.org/wiki/ITC_Limitedhttp://en.wikipedia.org/wiki/Hindustan_Unileverhttp://en.wikipedia.org/wiki/Tata_Motorshttp://en.wikipedia.org/wiki/Mahindra_%26_Mahindrahttp://en.wikipedia.org/wiki/Larsen_%26_Toubrohttp://en.wikipedia.org/wiki/Tata_Steelhttp://en.wikipedia.org/wiki/Hindalco_Industrieshttp://en.wikipedia.org/wiki/Tata_Powerhttp://en.wikipedia.org/wiki/Reliance_Industrieshttp://en.wikipedia.org/wiki/Oil_and_Natural_Gas_Corporationhttp://en.wikipedia.org/wiki/Infosyshttp://en.wikipedia.org/wiki/Hero_Motocorphttp://en.wikipedia.org/wiki/HDFC_Bankhttp://en.wikipedia.org/wiki/State_Bank_Of_Indiahttp://en.wikipedia.org/wiki/Bharat_Heavy_Electricalshttp://en.wikipedia.org/wiki/Ciplahttp://en.wikipedia.org/wiki/Housing_Development_Finance_Corporation


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21 GAIL Oil and gas

22 ICICI Bank Banking

23 Jindal Steel & Power Steel and power

24 Bharti Airtel Telecommunication

25 Maruti Suzuki Automotive

26 Tata Consultancy Services Information Technology

27 NTPC Power

28 DLF

Real estate

29 Bajaj Auto Automotive

30 Coal India Metals and Mining

Calculation

The BSE constantly reviews and modifies its composition to be sure it reflectscurrent market conditions. The index is calculated based on a free float capitalisation

method, a variation of the market capitalisation method. Instead of using a

company's outstanding shares it uses its float, or shares that are readily available for

trading. As per free float capitalisation methodology, the level of index at any point of

time reflects the free float market value of 30 component stocks relative to a base

period. The market capitalisation of a company is determined by multiplying the price

of its stock by the number of shares issued by of corporate actions, replacement of

scrips, etc.

The index has increased by over ten times from June 1990 to the present. Using

information from April 1979 onwards, the long-run rate of return on the S&P BSE

SENSEX works out to be 18.6% per annum, which translates to roughly 9% per

annum.
http://en.wikipedia.org/wiki/GAILhttp://en.wikipedia.org/wiki/ICICI_Bankhttp://en.wikipedia.org/wiki/Jindal_Steel_%26_Powerhttp://en.wikipedia.org/wiki/Jindal_Steel_%26_Powerhttp://en.wikipedia.org/wiki/Bharti_Airtelhttp://en.wikipedia.org/wiki/Maruti_Suzukihttp://en.wikipedia.org/wiki/Maruti_Suzukihttp://en.wikipedia.org/wiki/Tata_Consultancy_Serviceshttp://en.wikipedia.org/wiki/Tata_Consultancy_Serviceshttp://en.wikipedia.org/wiki/NTPC_Limitedhttp://en.wikipedia.org/wiki/DLF_Limitedhttp://en.wikipedia.org/wiki/DLF_Limitedhttp://en.wikipedia.org/wiki/Bajaj_Autohttp://en.wikipedia.org/wiki/Bajaj_Autohttp://en.wikipedia.org/wiki/Coal_Indiahttp://en.wikipedia.org/wiki/Coal_Indiahttp://en.wikipedia.org/wiki/Bajaj_Autohttp://en.wikipedia.org/wiki/DLF_Limitedhttp://en.wikipedia.org/wiki/NTPC_Limitedhttp://en.wikipedia.org/wiki/Tata_Consultancy_Serviceshttp://en.wikipedia.org/wiki/Maruti_Suzukihttp://en.wikipedia.org/wiki/Bharti_Airtelhttp://en.wikipedia.org/wiki/Jindal_Steel_%26_Powerhttp://en.wikipedia.org/wiki/ICICI_Bankhttp://en.wikipedia.org/wiki/GAIL


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Hours Of Operation

Session Timing

Pre-open Trading Session 09:00 - 09:15

Trading Session 09:15 - 15:30

Position Transfer Session 15:30 - 15:55

Closing Session 15:50 - 16:05

Option Exercise Session 16:07

The hours of operation for the BSE quoted above are stated in terms the local time

(GMT + 5:30). BSE's normal trading sessions are on all days of the week except

Saturday, Sundays and holidays declared by the Exchange in advance.

Particulars For The Year

Ended March 31,

2013 (Audited)

I. INCOME

a) Operating Income 24,079

b) Investments and Deposits Income 26,956

c) Other Income 4,245

Total Income 55,280

II. EXPENDITURE

a) Employee Costs 8,009

b) Computer Technology Related Expenses 7,149

c) Administration and Other Expenses 9,035

d) Depreciation and Amortisation 2,831

Total Expenditure 27,024

III. Profit from operations before Prior Period items,

Interest, Exceptional items & Tax

28,256


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IV. Profit from operations before Interest, Exceptional

items & Tax

27,229

a) Interest 245

V. Profit from operations before Exceptional items &

Tax

26,984

a) Exceptional Items (Note 2) 9,791

VI. Profit from operations before Tax 17,193

a) Extraordinary Item 73

VII. Profit before tax 17,120

a) Tax Expenses 3,745

VIII. Net Profit For The Quarter/Year after tax but before

Minority Interest & Share of associates

13,375

Share of Profit / (Loss ) of Associate (Net) (33)

Share of Minority (2,485)

IX. Net Profit For The Quarter/Year 10,857

Paid up Equity Capital (Face Value Per Share 1 Each) 1,037

Reserves (Excluding Revaluation Reserve) 227,938

Basic and Diluted EPS before Extraordinary Item (ReferNote Below)

10.34

Basic and Diluted EPS after Extraordinary Item (Refer Note

Below)

10.25

Note:Basic and Diluted EPS is not annualised for the quarter ended results.


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Trading

Timing

Trading on the BOLT System is conducted from Monday to Friday between 9:15

a.m. and 3:30 p.m. normally. Refer Notice No. 20101014-8 for call auction.

Groups

The scrips traded on BSE have been classified into various groups.

BSE has, for the guidance and benefit of the investors, classified the scrips in theEquity Segment into 'A', 'B', 'T' and 'Z' groups on certain qualitative and quantitativeparameters.

The "F" Group represents the Fixed Income Securities.

The "T" Group represents scrips which are settled on a trade-to-trade basis as asurveillance measure.

Trading in Government Securities by the retail investors is done under the "G" group.

The 'Z' group was introduced by BSE in July 1999 and includes companies whichhave failed to comply with its listing requirements and/or have failed to resolveinvestor complaints and/or have not made the required arrangements with both thedepositories, viz., Central Depository Services (I) Ltd. (CDSL) and National

Securities Depository Ltd. (NSDL) for dematerialization of their securities.

BSE also provides a facility to the market participants for on-line trading of odd-lotsecurities in physical form in 'A', 'B', 'T' and 'Z' groups and in rights renunciations inall groups of scrips in the Equity Segment.

With effect from December 31, 2001, trading in all securities listed in the Equitysegment takes place in one market segment, viz., Compulsory Rolling SettlementSegment (CRS).

The scrips of companies which are in demat can be traded in market lot of 1.

However, the securities of companies which are still in the physical form are tradedin the market lot of generally either 50 or 100. Investors having quantities ofsecurities less than the market lot are required to sell them as "Odd Lots". Thisfacility offers an exit route to investors to dispose of their odd lots of securities, andalso provides them an opportunity to consolidate their securities into market lots.

This facility of selling physical shares in compulsory demat scrips is called an ExitRoute Scheme. This facility can also be used by small investors for selling up to 500shares in physical form in respect of scrips of companies where trades are requiredto be compulsorily settled by all investors in demat mode.


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Listed Securities

The securities of companies, which have signed the Listing Agreement with BSE, aretraded as "Listed Securities". Almost all scrips traded in the Equity segment fall inthis category.

Permitted Securities

To facilitate the market participants to trade in securities of such companies, whichare actively traded at other stock exchanges but are not listed on BSE, trading insuch securities is facilitated as " Permitted Securities" provided they meet therelevant norms specified by BSE

Tick Size:

Tick size is the minimum difference in rates between two orders on the same side

i.e., buy or sell, entered in the system for particular scrip. Trading in scrips listed onBSE is done with the tick size of 5 paise.

However, in order to increase the liquidity and enable the market participants to putorders at finer rates, BSE has reduced the tick size from 5 paise to 1 paise in case ofunits of mutual funds, securities traded in "F" group and equity shares having closingprice up to Rs. 15 on the last trading day of the calendar month. Accordingly, the ticksize in various scrips quoting up to Rs.15 is revised to 1 paise on the first trading dayof month. The tick size so revised on the first trading day of month remainsunchanged during the month even if the price of scrips undergoes a change.

Computation Of Closing Price Of Scrips

The closing price of scrips is computed by BSE on the basis of weighted averageprice of all trades executed during the last 30 minutes of a continuous tradingsession. However, if there is no trade recorded during the last 30 minutes, then thelast traded price of scrip in the continuous trading session is taken as the officialclosing price.

Basket Trading System

BSE has commenced trading in the Derivatives Segment with effect from June 9,2000 to enable investors to hedge their risks. Initially, the facility of trading in theDerivatives Segment was confined to Index Futures. Subsequently, BSE hasintroduced the Index Options and Options & Futures in select individual stocks.

Investors in the cash market had felt a need to limit their risk exposure in the marketto the movement in S&P BSE SENSEX. With a view to provide investors the facilityof creating S&P BSE SENSEX-linked portfolios and also to create a linkage ofmarket prices of the underlying securities of S&P BSE SENSEX in the CashSegment and Futures on S&P BSE SENSEX, BSE has provided to the investors aswell as to its Members a facility of Basket Trading System on BOLT with effect from

August 14, 2000. In the Basket Trading System, the investors through the Membersare able to buy/ sell all 30 scrips of S&P BSE SENSEX in one go in the proportion of


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their respective weights in the S&P BSE SENSEX. The investors need not calculatethe quantity of S&P BSE SENSEX scrips to be bought or sold for creating S&P BSESENSEX-linked portfolios and this function is performed by the system. Theinvestors can also create their own baskets by deleting certain scrips from 30 scripsin the S&P BSE SENSEX. Further, the investors can alter the weights of securities in

such profiled baskets and enter their own weights. The investors can also select lessthan 100% weightage to reduce the value of the basket as per their ownrequirements.

To participate in this system, the Members need to indicate the number of S&P BSESENSEX basket(s) to be bought or sold, where the value of one S&P BSE SENSEXbasket is arrived at by the system by multiplying Rs.50 to the prevailing S&P BSESENSEX. For example, if the S&P BSE SENSEX is 15,000, the value of one basketof S&P BSE SENSEX would be 15000 x 50= i.e., Rs. 7,50,000/-. The investors canalso place orders by entering value of S&P BSE SENSEX portfolio to be brought orsold with a minimum value of Rs. 50,000 for each order.

The Basket Trading System provides the arbitrageurs an opportunity to takeadvantage of price differences in the underlying S&P BSE SENSEX and Futures onthe S&P BSE SENSEX by simultaneous buying and selling of baskets comprisingthe S&P BSE SENSEX scrips in the Cash Segment and S&P BSE SENSEX Futures.This would provide a balancing impact on the prices in both cash and futuresmarkets.

The Basket Trading System thus meets the need of investors and also improves thedepth in cash and futures markets.

The trades executed under the Basket Trading System are subject to intra-daytrading and gross exposure limits available to the Members. The VaR, MTM marginsetc, as are applicable to normal trades in the Cash Segment, are also recoveredfrom the Members.

Clearing

Indian Clearing Corporation Limited (ICCL) was incorporated in 2007 as a whollyowned subsidiary of BSE Ltd. ICCL has been set up with an objective of promotingfinancial stability and integrity.

ICCL is working towards becoming a globally recognized CCP that clears and settlestrades for a multitude of diverse and sophisticated products. ICCL operates underthe regulation of both the Securities and Exchange Board of India (SEBI) and RBI(for select products).

Overseeing ICCL function is a professional management team ably guided by aBoard of Directors, consisting of a majority of Independent Directors and secondedwith nominee Directors from BSE offering their domain expertise.


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ICCLs Clearing Members serve both professional traders and retail customers andcomprise of the leading entities in the Indian financial sector. ICCLs goal is toservice the clearing members and stock exchanges, with emphasis on timely,reliable and cost-efficient clearing operations.

In its capacity as a Clearing Corporation, ICCL carries out the functions of clearing,settlement, collateral management and risk management for various segments ofdifferent stock exchanges. ICCL undertakes to act as the central counterparty to allthe trades it provides settlement for.

ICCL undertakes clearing and settlement activities for trades reported on the debtand mutual fund segments of BSE and for trades executed on all the other segmentsof BSE, including Equity Cash, Equity F&O, BSE SME, Offer for Sale, SecuritiesLending & Borrowing, etc. and the Currency Derivatives Segment (Currency F&O) ofUnited Stock Exchange (USE).

While over 20 banks are empanelled with ICCL as Clearing Banks for BSE activities,ten banks have been empanelled as Clearing Banks for providing clearing andsettlement services for trades executed on USE platform.

Settlement

Compulsory Rolling Settlement

All transactions in all groups of securities in the Equity segment and Fixed Incomesecurities listed on BSE are required to be settled on T+2 basis (w.e.f. from April 1,

2003). The settlement calendar, which indicates the dates of the various settlementrelated activities, is drawn by BSE in advance and is circulated among the marketparticipants.

Under rolling settlements, the trades done on a particular day are settled after agiven number of business days. A T+2 settlement cycle means that the finalsettlement of transactions done on T, i.e., trade day by exchange of monies andsecurities between the buyers and sellers respectively takes place on secondbusiness day (excluding Saturdays, Sundays, bank and Exchange trading holidays)after the trade day.

The transactions in securities of companies which have made arrangements fordematerialization of their securities are settled only in demat mode on T+2 on netbasis, i.e., buy and sell positions of a member-broker in the same scrip are nettedand the net quantity and value is required to be settled. However, transactions insecurities of companies, which are in "Z" group or have been placed under "trade-to-trade" by BSE as a surveillance measure ("T" group) , are settled only on a grossbasis and the facility of netting of buy and sell transactions in such scrips is notavailable.

The transactions in 'F' group securities representing "Fixed Income Securities" and "G" group representing Government Securities for retail investors are also settled at

BSE on T+2 basis.


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In case of Rolling Settlements, pay-in and pay-out of both funds and securities iscompleted on the same day.

Members are required to make payment for securities sold and/ or deliver securitiespurchased to their clients within one working day (excluding Saturday, Sunday, bank

& BSE trading holidays) after the pay-out of the funds and securities for theconcerned settlement is completed by BSE. This is the timeframe permitted to theMembers to settle their funds/ securities obligations with their clients as per theByelaws of BSE.

The following table summarizes the steps in the trading and settlement cycle forscrips under CRS :

DAY ACTIVITYT Trading on BOLT and daily downloading of statements showing details of

transactions and margins at the end of each trading day.

Downloading of provisional securities and funds obligation statements bymember-brokers.6A/7A* entry by the member-brokers/ confirmation by the custodians.

T+1 Confirmation of 6A/7A data by the Custodians upto 1:00 p.m. Downloadingof final securities and funds obligation statements by members

T+2 Pay-in of funds and securities by 11:00 a.m. and pay-out of funds andsecurities by 1:30 p.m. The member-brokers are required to submit the pay-in instructions for funds and securities to banks and depositoriesrespectively by 10:40 a.m.

T+2 Auction on BOLT at 2.00 p.m.

T+3 Auction pay-in and pay-out of funds and securities by 09:30 a.m. and 10:15a.m. respectively.

The pay-in and payout of funds and securities takes places on the second businessday (i.e., excluding Saturday, Sundays and bank and BSE trading holidays) of theday of the execution of the trade.

Surveillance

BSE is one of the few stock exchanges in the world, which has obtained the ISO

certification for its surveillance function. The main objective of the surveillancefunction is to promote market integrity in two ways,By monitoring price and volume movements (volatility) as well as by detectingpotential market abuses (fictitious/ artificial transactions, circular trading, false ormisleading impressions, insider trading, etc) at a ascent stage, with a view tominimizing the ability of the market participants to influence the price of any scrip inthe absence of any meaningful informationBy taking timely actions to manage default risk.


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The surveillance activities at BSE are allocated to three Cells:

Price Monitoring: is mainly related to the price movement/ abnormal

fluctuation in prices or volumes of any scrip

Investigations:conducting snap investigations/examinations/detailedinvestigations in scrips where manipulation /aberration is suspected.

Position Monitoring:relates mainly to abnormal positions of Members inorder to manage the default risk

Regulator

SEBI

Securities and Exchange Board of India (SEBI) is an apex body for overall

development and regulation of the securities market. It was set up on April 12, 1988 .

To start with, SEBI was set up as a non-statutory body. Later on it became a

statutory body under the Securities Exchange Board of India Act, 1992. The Act

entrusted SEBI with comprehensivepowers over practically all the aspects ofcapital

market operations.

Role Functions of SEBI

The role or functions of SEBI are discussed below.

1. To protect the interests of investors through proper education and guidance

as regards their investment in securities. For this, SEBI has made rules and

regulation to be followed by the financial intermediaries such as brokers, etc.

SEBI looks after the complaints received from investors for fair settlement. It

also issues booklets for the guidance and protection of small investors.

2. To regulate and control the business on stock exchanges and other security

markets. For this, SEBI keeps supervision on brokers. Registration of brokers

and sub-brokers is made compulsory and they are expected to follow certain

rules and regulations. Effective control is also maintained by SEBI on the

working of stock exchanges.

3. To make registration and to regulate the functioning of intermediaries such as

stock brokers, sub-brokers, share transfer agents, merchant bankers and

other intermediaries operating on the securities market. In addition, to provide

suitable training to intermediaries. This function is useful for healthy

atmosphere on the stock exchange and for the protection of small investors.
http://kalyan-city.blogspot.com/2010/11/powers-of-sebi-securities-and-exchange.htmlhttp://kalyan-city.blogspot.com/2010/09/what-is-capital-market-meaning.htmlhttp://kalyan-city.blogspot.com/2010/09/what-is-capital-market-meaning.htmlhttp://kalyan-city.blogspot.com/2011/03/what-is-business-meaning-definitions.htmlhttp://kalyan-city.blogspot.com/2010/11/what-is-stock-exchange-its-definitions.htmlhttp://kalyan-city.blogspot.com/2010/11/what-is-stock-exchange-its-definitions.htmlhttp://kalyan-city.blogspot.com/2011/03/what-is-business-meaning-definitions.htmlhttp://kalyan-city.blogspot.com/2010/09/what-is-capital-market-meaning.htmlhttp://kalyan-city.blogspot.com/2010/09/what-is-capital-market-meaning.htmlhttp://kalyan-city.blogspot.com/2010/11/powers-of-sebi-securities-and-exchange.html


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4. To register and regulate the working of mutual funds including UTI (Unit Trust

of India). SEBI has made rules and regulations to be followed by mutual

funds. The purpose is to maintain effective supervision on their operations &

avoid their unfair and anti-investor activities.

5. To promote self-regulatory organization of intermediaries. SEBI is given widestatutory powers. However, self-regulation is better than external regulation.

Here, the function of SEBI is to encourage intermediaries to form their

professional associations and control undesirable activities of their members.

SEBI can also use its powers when required for protection of small investors.

6. To regulate mergers, takeovers and acquisitions of companies in order to

protect the interest of investors. For this, SEBI has issued suitable guidelines

so that such mergers and takeovers will not be at the cost of small investors.

7. To prohibit fraudulent and unfair practices of intermediaries operating on

securities markets. SEBI is not for interfering in the normal working of these

intermediaries. Its function is to regulate and control their objectional practiceswhich may harm the investors and healthy growth of capital market.

8. To issue guidelines to companies regarding capital issues. Separate

guidelines are prepared for first public issue of new companies, for public

issue by existing listed companies and for first public issue by existing private

companies. SEBI is expected to conduct research and publish information

useful to all market players (i.e. all buyers and sellers).

9. To conduct inspection, inquiries & audits of stock exchanges, intermediaries

and self-regulating organizations and to take suitable remedial measures

wherever necessary. This function is undertaken for orderly working of stockexchanges & intermediaries.

10. To restrict insider trading activity through suitable measures. This function is

useful for avoiding undesirable activities of brokers and securities scams.

Mergers & Acquisitions

The recent decision of the Reserve Bank of India (RBI) to allow foreign investment

up to 49 percent in stock exchanges, depositories and clearing corporations is hailed

as a good development for the securities industry.

Reflect on these recent developments:

- Deutsche Boerse, Europe's top stock exchange and transaction service provider

has signed an agreement to buy 5 percent equity in the Bombay Stock Exchange

(BSE) for $43 million. BSE is the oldest bourse in Asia. The deal values the

exchange at $910 million on an expanded equity base.

- Singapore Stock Exchange (SGX) says its short listed for BSE stake. It claimed

that it has been short listed to buy a 5 percent stake in the bourse. BSE isunderstood to have finalized its plans to have SGX as its second foreign partner.


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NASDAQ Stock Market Inc., London Stock Exchange Group PLC and NYSE Group

Inc. have also been touted as bidders for a stake in BSE.

- NASDAQ has reportedly expressed its keenness to pick up stake in BSE.

Indian exchange business is becoming increasingly global. The consolidation and

alliance wave has reached Indian shores as well. India is currently growing at the

rate of 8% per annum and has been doing so for a few years. Third, India is now the

4th largest country in the world in terms of purchasing power parity. If the current

growth rate continues it will soon be the third largest, overtaking Japan and just

behind the US and China. The fast growing stock markets in India are attracting

major global investors.

The international bourses feel that investments in India's Stock Exchanges (SEs)

compliment their global growth strategy. Through a mutually beneficial partnership,the foreign groups will extend their global reach. Major global stock exchanges have

been merging and forming alliances in recent years. As companies spread their

global operations, such merged entities and alliances can offer listing possibilities in

multiple markets. Regulatory controls in select markets like the US have also

furthered this consolidation wave.

After completing a round of domestic consolidation, US stock exchanges have

stepped out and are acquiring exchanges in Europe besides forming alliances in

Asia where outsight acquisitions may not be possible.

Though RBI said it will allow up to 49 percent foreign investment in stock exchanges,

the Securities and Exchange Board of India (Sebi) may say no to foreign players

from becoming strategic investors in domestic stock exchanges. The Sebi may allow

a foreign player to invest not more than 5 per cent in an exchange.

According to the de-mutualisation plan laid out by the government, all corporatised

stock exchanges are expected to divest 51per cent of their equity to public investors.

The internal group suggested that of the 51per cent to be divested, 25 per cent could

be offered to an Indian strategic partner. The rest could be offered to others,including foreign players and resident Indian investors, with no investor holding over

5 per cent each.

In other words, the capital market regulator has capped the individual investment,

direct or indirect, in such exchanges at five per cent. This means many investors

need to join together to have a strategic control.

Under the new rules, foreign direct investment would be limited at 26 percent, while

foreign portfolio investments would be capped at 23 percent in all these entities, the

central bank said. It, however, said portfolio investments would be allowed onlythrough buying in the secondary market


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The BSE is said to be looking for foreign investors. It plans to offload the stake held

by some of the brokers to strategic investors (26%) and to the public (23%) through

an IPO.

The greater investment participation will incentivise foreign institutions to share

technology and trading expertise with the Indian exchanges. For instance, Indian

exchanges will have to explore the scope for creating alternative electronic trading

platforms to ensure that institutional interest for 24X7 trading is serviced in the long

run.


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NASDAQ

NASDAQ began forty years ago at the National Association of Securities Dealers,

or NASD. The NASD wanted to create a way for investors to buy and sell stocks on

a computerized, transparent, and fast system. This would eliminate the burden andinefficiency of in-person stock transactions, which had been the prevalent model for

nearly a century. The NASD believed that investors could make more money by

closing the price gaps between buyers and sellers, and technology had evolved

enough at that point to make it happen.

On February 8, 1971, the National Association of Securities Dealers Automated

Quotation (NASDAQ) went live with median quotes for 2,500 over-the-counter

securities. As we celebrate the 40th anniversary of electronic trading, we are proud

that the revolutionary, disruptive model that the NASD developed in 1971 is now the

standard for markets worldwide. In our early years, we gave growth companies theopportunity to raise capital that wasnt previously available to them. Those

companies (Intel, Microsoft, Apple, Cisco, Oracle, Dell, to name a few) used the

capital raised on The NASDAQ Stock Market to make the cutting edge products that

are now integral to our daily lives. These companies have also created millions of

jobs around the world along the way.

Today, the NASDAQ OMX Group owns and operates 24 markets, 3 clearing

houses, and 5 central securities depositories, spanning six continents--making us the

worlds largest exchange company. Eighteen of our 24 markets trade equities. Theother six trade options, derivatives, fixed income, and commodities. We are the

largest single liquidity pool for US equities and the power behind 1 in 10 of the

worlds securities transactions. Seventy exchanges in 50 countries trust our trading

technology to power their markets, driving growth in emerging and developed

economies.

NASDAQ OMX is also dedicated to designing powerful, relevant index and

benchmark families that are in sync with the continually changing market

environment. Utilizing the expanded coverage of our global footprint, NASDAQ OMX

has nearly 2,000 diverse indexes that provide coverage across asset classes,countries and sectors. Not only do our indexes provide comprehensive insight into

the global markets, but our unparalleled process, added value and competitive

pricing set us apart from other indexers. Whether you are an institution, fund

manager or private investor, NASDAQ OMX indexes are benchmarks that can help

both influence and track investment

strategies.


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In 2006, NASDAQ completed its separation from the NASD and began to operate as

a national securities exchange. The next year (2007), NASDAQ combined with the

powerful Scandinavian exchange group OMX and officially became The NASDAQ

OMX Group, further demonstrating its commitment to technology and innovation

across global markets.

Origin

Because of the amount of planning involved, the development of the system did not

begin until 1968. On February 8, 1971, NASDAQ officially opened, quoting more

than 2,500 over-the-counter securities. While NASDAQ did not officially change its

name to "The NASDAQ Stock Market" until 1990, it had developed many

manifestations of itself. The NASDAQ National Market, a collection of companylistings held to higher standards than other listed stocks, was created in 1982. In

1984, NASDAQ launched a system to execute small orders automatically, called the

Small Order Execution System. NASDAQ created the OTC Bulletin Board in 1990 to

provide information to investors on stocks not included in NASDAQ.

Timeline


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Need For NASDAQ

NASDAQ was created in response to concerns from Congress in the 1960s that the

Securities and Exchange Commission had been lax in supervising stock trades, andhad not adequately enforced rules against large securities companies. A 1963 SEC

report found that the American Stock Exchange "had failed in creating an adequate

structure of surveillance, control and discipline," and it questioned the effectiveness

of self-regulation and the ability of exchanges to protect investors. The SEC's

solution was automation. It assigned this task of creating a computerized system to

the National Association of Securities Dealers.

Board Of Directors

Names Post Department

Executive Team

Robert Greifeld Chief Executive Officer

Bruce E. Aust

Executive Vice President,

Corporate Client Group

Anna Ewing


Global Technology

Solutions

Meyer "Sandy" Frucher Vice Chairman, The NASDAQ OMX

Group

John L. Jacobs


Global Information

Services

Hans-Ole Jochumsen Executive Vice President, Transactions Services

Nordics

Edward S. Knight Executive Vice President, General Counsel &

Chief RegulatoryOfficer

Eric W. Noll

Executive Vice President,.

Transaction Services

U.S

Brad Peterson

Executive Vice President

and Chief Information

Officer
http://www.nasdaqomx.com/aboutus/ourleadership/http://www.nasdaqomx.com/aboutus/ourleadership/http://www.nasdaqomx.com/aboutus/ourleadership/http://www.nasdaqomx.com/aboutus/ourleadership/http://www.nasdaqomx.com/aboutus/ourleadership/http://www.nasdaqomx.com/aboutus/ourleadership/http://www.nasdaqomx.com/aboutus/ourleadership/http://www.nasdaqomx.com/aboutus/ourleadership/http://www.nasdaqomx.com/aboutus/ourleadership/http://www.nasdaqomx.com/aboutus/ourleadership/http://www.nasdaqomx.com/aboutus/ourleadership/http://www.nasdaqomx.com/aboutus/ourleadership/http://www.nasdaqomx.com/aboutus/ourleadership/http://www.nasdaqomx.com/aboutus/ourleadership/http://www.nasdaqomx.com/aboutus/ourleadership/http://www.nasdaqomx.com/aboutus/ourleadership/http://www.nasdaqomx.com/aboutus/ourleadership/http://www.nasdaqomx.com/aboutus/ourleadership/


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Lee Shavel Chief Financial Officer and

Executive Vice President

Corporate Strategy

Senior Vice Presidents

Magnus Billing Senior Vice President, President of NASDAQ

OMX Stockholm and

Head of Nordic Fixed

Income and Baltic

Markets

Charlotte Crosswell

Senior Vice President

NASDAQ OMX Europe

Joan Conley

Senior Vice President and

Corporate Secretary

P.C. Nelson Griggs Senior Vice President, Global Corporate Client

Group

Ronald Hassen Senior Vice President and

Finance Controller

Frank M. Hatheway Senior Vice President and

Chief Economist

Brian Hyndman Senior Vice President Global Data Products

Jean-Jacques Louis Senior Vice President Corporate Strategy

Robert McCooey


New Listings and the

Capital Markets Group

Ann NeidenbachSenior Vice President,

NASDAQ OMX MarketSystems

Brian O'Malley


General Auditor

Lars Ottersgrd


Head of Market

Technology
http://www.nasdaqomx.com/aboutus/ourleadership/http://www.nasdaqomx.com/aboutus/ourleadership/http://www.nasdaqomx.com/aboutus/ourleadership/http://www.nasdaqomx.com/aboutus/ourleadership/http://www.nasdaqomx.com/aboutus/ourleadership/http://www.nasdaqomx.com/aboutus/ourleadership/http://www.nasdaqomx.com/aboutus/ourleadership/http://www.nasdaqomx.com/aboutus/ourleadership/http://www.nasdaqomx.com/aboutus/ourleadership/http://www.nasdaqomx.com/aboutus/ourleadership/http://www.nasdaqomx.com/aboutus/ourleadership/http://www.nasdaqomx.com/aboutus/ourleadership/http://www.nasdaqomx.com/aboutus/ourleadership/http://www.nasdaqomx.com/aboutus/ourleadership/http://www.nasdaqomx.com/aboutus/ourleadership/http://www.nasdaqomx.com/aboutus/ourleadership/http://www.nasdaqomx.com/aboutus/ourleadership/http://www.nasdaqomx.com/aboutus/ourleadership/http://www.nasdaqomx.com/aboutus/ourleadership/http://www.nasdaqomx.com/aboutus/ourleadership/http://www.nasdaqomx.com/aboutus/ourleadership/


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Geir Reigstad Senior Vice President of

Commodities

Lauri Rosendahl


Nordic Equities within

NASDAQ OMX

Transaction ServicesNordic

Johan Rudn Senior Vice President Transaction Services

Nordic

Bjrn Sibbern Senior Vice President Commodities and

Broker Service

Demetrios N. Skalkotos


Global Corporate

Solutions

Jeremy Skule


Chief Marketing Officer

Bryan Smith

Senior Vice President,

Head of Global Human

Resources

Lex Speal


Corporate Finance

Peter Strandell Senior Vice President andGroup Treasurer

Dean Tilsley Senior Vice President Corporate Operations

Bob Waghorne Senior Vice President Global Technology

Services, Derivatives

Technology

Thomas A. Wittman


U.S. Options

John A. Zecca

Senior Vice President of

MarketWatch
http://www.nasdaqomx.com/aboutus/ourleadership/http://www.nasdaqomx.com/aboutus/ourleadership/http://www.nasdaqomx.com/aboutus/ourleadership/http://www.nasdaqomx.com/aboutus/ourleadership/http://www.nasdaqomx.com/aboutus/ourleadership/http://www.nasdaqomx.com/aboutus/ourleadership/http://www.nasdaqomx.com/aboutus/ourleadership/http://www.nasdaqomx.com/aboutus/ourleadership/http://www.nasdaqomx.com/aboutus/ourleadership/http://www.nasdaqomx.com/aboutus/ourleadership/http://www.nasdaqomx.com/aboutus/ourleadership/


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Indices

The Nasdaq Composite is a stock market index of the common stocks and similarsecurities (e.g. ADRs, tracking stocks, limited partnership interests) listed on the

NASDAQ stock market, meaning that it has over 3,000 components. It is highly

followed in the U.S. as an indicator of the performance of stocks of technology

companies and growth companies. Since both U.S. and non-U.S. companies are

listed on the NASDAQ stock market, the index is not exclusively a U.S. index.

Ticker Name Name Current Price

ÎXBK NASDAQ Bank 2,317.61

^NBI NASDAQ Biotechnology 2,201.67

ÎXIC NASDAQ Composite 3,781.59

ÎXK NASDAQ Computer 1,801.04

ÎXF NASDAQ Financial 100 2,772.01

ÎXID NASDAQ Industrial 3,413.78

ÎXIS NASDAQ Insurance 5,862.45

ÎXFN NASDAQ Other Finance 5,189.25

ÎXUT NASDAQ Telecommunications 240.81

ÎXTR NASDAQ Transportation 2,778.81

^NDX NASDAQ-100 3,230.30
http://en.wikipedia.org/wiki/Stock_market_indexhttp://en.wikipedia.org/wiki/Common_stockhttp://en.wikipedia.org/wiki/American_Depositary_Receipthttp://en.wikipedia.org/wiki/Tracking_stockhttp://en.wikipedia.org/wiki/Limited_partnershiphttp://en.wikipedia.org/wiki/NASDAQhttp://finance.yahoo.com/q?s=%5EIXBKhttp://finance.yahoo.com/q?s=%5EIXBKhttp://finance.yahoo.com/q?s=%5ENBIhttp://finance.yahoo.com/q?s=%5ENBIhttp://finance.yahoo.com/q?s=%5EIXIChttp://finance.yahoo.com/q?s=%5EIXIChttp://finance.yahoo.com/q?s=%5EIXKhttp://finance.yahoo.com/q?s=%5EIXKhttp://finance.yahoo.com/q?s=%5EIXFhttp://finance.yahoo.com/q?s=%5EIXFhttp://finance.yahoo.com/q?s=%5EIXIDhttp://finance.yahoo.com/q?s=%5EIXIDhttp://finance.yahoo.com/q?s=%5EIXIShttp://finance.yahoo.com/q?s=%5EIXIShttp://finance.yahoo.com/q?s=%5EIXFNhttp://finance.yahoo.com/q?s=%5EIXFNhttp://finance.yahoo.com/q?s=%5EIXUThttp://finance.yahoo.com/q?s=%5EIXUThttp://finance.yahoo.com/q?s=%5EIXTRhttp://finance.yahoo.com/q?s=%5EIXTRhttp://finance.yahoo.com/q?s=%5ENDXhttp://finance.yahoo.com/q?s=%5ENDXhttp://finance.yahoo.com/q?s=%5ENDXhttp://finance.yahoo.com/q?s=%5EIXTRhttp://finance.yahoo.com/q?s=%5EIXUThttp://finance.yahoo.com/q?s=%5EIXFNhttp://finance.yahoo.com/q?s=%5EIXIShttp://finance.yahoo.com/q?s=%5EIXIDhttp://finance.yahoo.com/q?s=%5EIXFhttp://finance.yahoo.com/q?s=%5EIXKhttp://finance.yahoo.com/q?s=%5EIXIChttp://finance.yahoo.com/q?s=%5ENBIhttp://finance.yahoo.com/q?s=%5EIXBKhttp://en.wikipedia.org/wiki/NASDAQhttp://en.wikipedia.org/wiki/Limited_partnershiphttp://en.wikipedia.org/wiki/Tracking_stockhttp://en.wikipedia.org/wiki/American_Depositary_Receipthttp://en.wikipedia.org/wiki/Common_stockhttp://en.wikipedia.org/wiki/Stock_market_indexhttp://www.nasdaqomx.com/aboutus/ourleadership/


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Twenty Most Active by Dollar Volume

As of 9/27/2013 4:00:00 PM

Symbol Company Last Sale Dollar Volume

FBFacebook, Inc.

$ 51.24 $ 4,165,236,165

AAPL Apple Inc. $ 482.75 $ 3,927,596,070

QQQPowerShares QQQ Trust,

Series 1

$ 79.07 $ 1,968,441,166

CSCOCisco Systems, Inc. $ 23.33 $ 1,923,565,429

MSFTMicrosoft Corporation $ 33.27 $ 1,841,237,689

TSLA Tesla Motors, Inc.

$ 190.90 $ 1,129,756,318

GOOGGoogle Inc.

$ 876.39 $ 1,103,219,013

YHOOYahoo! Inc. $ 33.55 $ 1,066,326,696

MUMicron Technology, Inc. $ 17.62 $ 793,199,769

QCOMQUALCOMM

Incorporated

$ 67.38 $ 731,086,206

INTCIntel Corporation $ 22.98 $ 664,709,599

CELGCelgene Corporation

$ 154.61 $ 648,518,912

AMZNAmazon.com, Inc.

$ 316.01 $ 523,867,790

CMCSAComcast Corporation

$ 44.74 $ 480,834,157

PCLNpriceline.com

Incorporated

$ 1,014.97 $ 454,268,093

EBAY eBay Inc. $ 55.78 $ 403,203,499

NFLXNetflix, Inc.

$ 312.40 $ 370,688,842

CERNCerner Corporation

$ 52.61 $ 360,562,740

GILDGilead Sciences, Inc. $ 63.54 $ 357,899,089

FOXA

Twenty-First Century

Fox, Inc.

$ 33.26 $ 331,160,973
http://www.nasdaq.com/symbol/fbhttp://www.nasdaq.com/symbol/fbhttp://www.nasdaq.com/symbol/fbhttp://www.nasdaq.com/symbol/aaplhttp://www.nasdaq.com/symbol/aaplhttp://www.nasdaq.com/symbol/aaplhttp://www.nasdaq.com/symbol/aaplhttp://www.nasdaq.com/symbol/qqqhttp://www.nasdaq.com/symbol/qqqhttp://www.nasdaq.com/symbol/qqqhttp://www.nasdaq.com/symbol/qqqhttp://www.nasdaq.com/symbol/cscohttp://www.nasdaq.com/symbol/cscohttp://www.nasdaq.com/symbol/cscohttp://www.nasdaq.com/symbol/cscohttp://www.nasdaq.com/symbol/msfthttp://www.nasdaq.com/symbol/msfthttp://www.nasdaq.com/symbol/msfthttp://www.nasdaq.com/symbol/tslahttp://www.nasdaq.com/symbol/tslahttp://www.nasdaq.com/symbol/tslahttp://www.nasdaq.com/symbol/googhttp://www.nasdaq.com/symbol/googhttp://www.nasdaq.com/symbol/googhttp://www.nasdaq.com/symbol/yhoohttp://www.nasdaq.com/symbol/yhoohttp://www.nasdaq.com/symbol/yhoohttp://www.nasdaq.com/symbol/yhoohttp://www.nasdaq.com/symbol/muhttp://www.nasdaq.com/symbol/muhttp://www.nasdaq.com/symbol/muhttp://www.nasdaq.com/symbol/muhttp://www.nasdaq.com/symbol/qcomhttp://www.nasdaq.com/symbol/qcomhttp://www.nasdaq.com/symbol/qcomhttp://www.nasdaq.com/symbol/qcomhttp://www.nasdaq.com/symbol/intchttp://www.nasdaq.com/symbol/intchttp://www.nasdaq.com/symbol/intchttp://www.nasdaq.com/symbol/celghttp://www.nasdaq.com/symbol/celghttp://www.nasdaq.com/symbol/celghttp://www.nasdaq.com/symbol/amznhttp://www.nasdaq.com/symbol/amznhttp://www.nasdaq.com/symbol/amznhttp://www.nasdaq.com/symbol/amznhttp://www.nasdaq.com/symbol/amznhttp://www.nasdaq.com/symbol/cmcsahttp://www.nasdaq.com/symbol/cmcsahttp://www.nasdaq.com/symbol/cmcsahttp://www.nasdaq.com/symbol/pclnhttp://www.nasdaq.com/symbol/pclnhttp://www.nasdaq.com/symbol/pclnhttp://www.nasdaq.com/symbol/pclnhttp://www.nasdaq.com/symbol/ebayhttp://www.nasdaq.com/symbol/ebayhttp://www.nasdaq.com/symbol/ebayhttp://www.nasdaq.com/symbol/ebayhttp://www.nasdaq.com/symbol/nflxhttp://www.nasdaq.com/symbol/nflxhttp://www.nasdaq.com/symbol/nflxhttp://www.nasdaq.com/symbol/nflxhttp://www.nasdaq.com/symbol/cernhttp://www.nasdaq.com/symbol/cernhttp://www.nasdaq.com/symbol/cernhttp://www.nasdaq.com/symbol/gildhttp://www.nasdaq.com/symbol/gildhttp://www.nasdaq.com/symbol/gildhttp://www.nasdaq.com/symbol/foxahttp://www.nasdaq.com/symbol/foxahttp://www.nasdaq.com/symbol/foxahttp://www.nasdaq.com/symbol/gildhttp://www.nasdaq.com/symbol/cernhttp://www.nasdaq.com/symbol/nflxhttp://www.nasdaq.com/symbol/ebayhttp://www.nasdaq.com/symbol/pclnhttp://www.nasdaq.com/symbol/cmcsahttp://www.nasdaq.com/symbol/amznhttp://www.nasdaq.com/symbol/celghttp://www.nasdaq.com/symbol/intchttp://www.nasdaq.com/symbol/qcomhttp://www.nasdaq.com/symbol/muhttp://www.nasdaq.com/symbol/yhoohttp://www.nasdaq.com/symbol/googhttp://www.nasdaq.com/symbol/tslahttp://www.nasdaq.com/symbol/msfthttp://www.nasdaq.com/symbol/cscohttp://www.nasdaq.com/symbol/qqqhttp://www.nasdaq.com/symbol/aaplhttp://www.nasdaq.com/symbol/fbhttp://www.nasdaq.com/symbol/foxahttp://www.nasdaq.com/symbol/foxahttp://www.nasdaq.com/symbol/foxahttp://www.nasdaq.com/symbol/gildhttp://www.nasdaq.com/symbol/gildhttp://www.nasdaq.com/symbol/cernhttp://www.nasdaq.com/symbol/cernhttp://www.nasdaq.com/symbol/nflxhttp://www.nasdaq.com/symbol/nflxhttp://www.nasdaq.com/symbol/ebayhttp://www.nasdaq.com/symbol/ebayhttp://www.nasdaq.com/symbol/pclnhttp://www.nasdaq.com/symbol/pclnhttp://www.nasdaq.com/symbol/pclnhttp://www.nasdaq.com/symbol/cmcsahttp://www.nasdaq.com/symbol/cmcsahttp://www.nasdaq.com/symbol/amznhttp://www.nasdaq.com/symbol/amznhttp://www.nasdaq.com/symbol/celghttp://www.nasdaq.com/symbol/celghttp://www.nasdaq.com/symbol/intchttp://www.nasdaq.com/symbol/intchttp://www.nasdaq.com/symbol/qcomhttp://www.nasdaq.com/symbol/qcomhttp://www.nasdaq.com/symbol/qcomhttp://www.nasdaq.com/symbol/muhttp://www.nasdaq.com/symbol/muhttp://www.nasdaq.com/symbol/yhoohttp://www.nasdaq.com/symbol/yhoohttp://www.nasdaq.com/symbol/googhttp://www.nasdaq.com/symbol/googhttp://www.nasdaq.com/symbol/tslahttp://www.nasdaq.com/symbol/tslahttp://www.nasdaq.com/symbol/msfthttp://www.nasdaq.com/symbol/msfthttp://www.nasdaq.com/symbol/cscohttp://www.nasdaq.com/symbol/cscohttp://www.nasdaq.com/symbol/qqqhttp://www.nasdaq.com/symbol/qqqhttp://www.nasdaq.com/symbol/qqqhttp://www.nasdaq.com/symbol/aaplhttp://www.nasdaq.com/symbol/aaplhttp://www.nasdaq.com/symbol/fbhttp://www.nasdaq.com/symbol/fb


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American Depositary Receipt (ADR)

An American depositary receipt (ADR) is a negotiable security that represents

securities of a non-US company that trades in the US financial markets. Securities of

a foreign company that are represented by an ADR are calledAmerican depositaryshares (ADSs).

Shares of many non-US companies trade on US stock exchanges through ADRs.

ADRs are denominated and pay dividends in US dollars and may be traded like

regular shares of stock. Over-the-counter ADRs may only trade in extended hours.

Indian American Deposit Receipts (ADRS)

This list gives you a Current Market Price (US $), Total Number of Shares (inMillions), Change (US $) and % Change

COMPANY ADR

Price

(US$)

ISSUE

PRICE

(US$)

LOCAL

PRICE

(Rs)

NO OF

ADRs

(m)

ADR

MKT CAP

(US$ m)

Volume

DR. REDDYS LAB(REDY) 38.6 10.0 2,411.4 169.8 6,555.4 232043

HDFC BANK(HDBK) 31.8 59.4 609.8 259.8 8,258.6 784481

ICICI BANK(ICBK) 31.7 11.0 923.3 288.2 9,127.9 1927813

INFOSYS LTD(INFY) 48.7 17.0 3,006.4 571.4 27,838.6 1547990

MTNL(MTNL) 0.5 7.5 15.8 157.5 70.9 3350

REDIFF.COM(REDF) 2.2 12.0 NM 55.2 123.1 41221

SATYAMINFOWAY(SIFY) 1.8 0.4 NM 714.0 1,306.7 20875

SESA STERLITE(SESA) 12.0 13.4 182.9 210.1 2,514.6 455,919

TATA MOTORS(TELCO) 27.6 0.0 339.9 638.0 17,602.4 1256335

WIPRO(WPRO) 10.6 41.2 475.2 2,450.0 26,043.5 963889
http://en.wikipedia.org/wiki/American_depositary_sharehttp://en.wikipedia.org/wiki/American_depositary_sharehttp://www.equitymaster.com/stockquotes/adr.asp?orderby=Name%20deschttp://www.equitymaster.com/stockquotes/adr.asp?orderby=%5bclose%5d%20deschttp://www.equitymaster.com/stockquotes/adr.asp?orderby=%5bclose%5d%20deschttp://www.equitymaster.com/stockquotes/adr.asp?orderby=%5bclose%5d%20deschttp://www.equitymaster.com/stockquotes/adr.asp?orderby=issueprice%20deschttp://www.equitymaster.com/stockquotes/adr.asp?orderby=issueprice%20deschttp://www.equitymaster.com/stockquotes/adr.asp?orderby=issueprice%20deschttp://www.equitymaster.com/stockquotes/adr.asp?orderby=LocalPrice%20deschttp://www.equitymaster.com/stockquotes/adr.asp?orderby=LocalPrice%20deschttp://www.equitymaster.com/stockquotes/adr.asp?orderby=LocalPrice%20deschttp://www.equitymaster.com/stockquotes/adr.asp?orderby=adr_no%20deschttp://www.equitymaster.com/stockquotes/adr.asp?orderby=adr_no%20deschttp://www.equitymaster.com/stockquotes/adr.asp?orderby=adr_no%20deschttp://www.equitymaster.com/stockquotes/adr.asp?orderby=adr_no%20deschttp://www.equitymaster.com/stockquotes/adr.asp?orderby=adr_mktCap%20deschttp://www.equitymaster.com/stockquotes/adr.asp?orderby=adr_mktCap%20deschttp://www.equitymaster.com/stockquotes/adr.asp?orderby=adr_mktCap%20deschttp://www.equitymaster.com/stockquotes/adr.asp?orderby=adr_mktCap%20deschttp://www.equitymaster.com/adr.asp?symbol=REDY&name=DR-REDDYS-LAB-ADR-Stock-Quotehttp://www.equitymaster.com/adr.asp?symbol=REDY&name=DR-REDDYS-LAB-ADR-Stock-Quotehttp://www.equitymaster.com/adr.asp?symbol=HDBK&name=HDFC-BANK-ADR-Stock-Quotehttp://www.equitymaster.com/adr.asp?symbol=HDBK&name=HDFC-BANK-ADR-Stock-Quotehttp://www.equitymaster.com/adr.asp?symbol=ICBK&name=ICICI-BANK-ADR-Stock-Quotehttp://www.equitymaster.com/adr.asp?symbol=INFY&name=INFOSYS-LTD-ADR-Stock-Quotehttp://www.equitymaster.com/adr.asp?symbol=INFY&name=INFOSYS-LTD-ADR-Stock-Quotehttp://www.equitymaster.com/adr.asp?symbol=MTNL&name=MTNL-ADR-Stock-Quotehttp://www.equitymaster.com/adr.asp?symbol=REDF&name=REDIFFCOM-ADR-Stock-Quotehttp://www.equitymaster.com/adr.asp?symbol=REDF&name=REDIFFCOM-ADR-Stock-Quotehttp://www.equitymaster.com/adr.asp?symbol=SIFYD&name=SATYAMINFOWAY-ADR-Stock-Quotehttp://www.equitymaster.com/adr.asp?symbol=SIFYD&name=SATYAMINFOWAY-ADR-Stock-Quotehttp://www.equitymaster.com/adr.asp?symbol=SESA&name=SESA-STERLITE-ADR-Stock-Quotehttp://www.equitymaster.com/adr.asp?symbol=SESA&name=SESA-STERLITE-ADR-Stock-Quotehttp://www.equitymaster.com/adr.asp?symbol=TELCO&name=TATA-MOTORS-ADR-Stock-Quotehttp://www.equitymaster.com/adr.asp?symbol=TELCO&name=TATA-MOTORS-ADR-Stock-Quotehttp://www.equitymaster.com/adr.asp?symbol=WPRO&name=WIPRO-ADR-Stock-Quotehttp://www.equitymaster.com/adr.asp?symbol=WPRO&name=WIPRO-ADR-Stock-Quotehttp://www.equitymaster.com/adr.asp?symbol=WPRO&name=WIPRO-ADR-Stock-Quotehttp://www.equitymaster.com/adr.asp?symbol=TELCO&name=TATA-MOTORS-ADR-Stock-Quotehttp://www.equitymaster.com/adr.asp?symbol=SESA&name=SESA-STERLITE-ADR-Stock-Quotehttp://www.equitymaster.com/adr.asp?symbol=SIFYD&name=SATYAMINFOWAY-ADR-Stock-Quotehttp://www.equitymaster.com/adr.asp?symbol=REDF&name=REDIFFCOM-ADR-Stock-Quotehttp://www.equitymaster.com/adr.asp?symbol=MTNL&name=MTNL-ADR-Stock-Quotehttp://www.equitymaster.com/adr.asp?symbol=INFY&name=INFOSYS-LTD-ADR-Stock-Quotehttp://www.equitymaster.com/adr.asp?symbol=ICBK&name=ICICI-BANK-ADR-Stock-Quotehttp://www.equitymaster.com/adr.asp?symbol=HDBK&name=HDFC-BANK-ADR-Stock-Quotehttp://www.equitymaster.com/adr.asp?symbol=REDY&name=DR-REDDYS-LAB-ADR-Stock-Quotehttp://www.equitymaster.com/stockquotes/adr.asp?orderby=adr_mktCap%20deschttp://www.equitymaster.com/stockquotes/adr.asp?orderby=adr_mktCap%20deschttp://www.equitymaster.com/stockquotes/adr.asp?orderby=adr_mktCap%20deschttp://www.equitymaster.com/stockquotes/adr.asp?orderby=adr_no%20deschttp://www.equitymaster.com/stockquotes/adr.asp?orderby=adr_no%20deschttp://www.equitymaster.com/stockquotes/adr.asp?orderby=adr_no%20deschttp://www.equitymaster.com/stockquotes/adr.asp?orderby=LocalPrice%20deschttp://www.equitymaster.com/stockquotes/adr.asp?orderby=LocalPrice%20deschttp://www.equitymaster.com/stockquotes/adr.asp?orderby=LocalPrice%20deschttp://www.equitymaster.com/stockquotes/adr.asp?orderby=issueprice%20deschttp://www.equitymaster.com/stockquotes/adr.asp?orderby=issueprice%20deschttp://www.equitymaster.com/stockquotes/adr.asp?orderby=issueprice%20deschttp://www.equitymaster.com/stockquotes/adr.asp?orderby=%5bclose%5d%20deschttp://www.equitymaster.com/stockquotes/adr.asp?orderby=%5bclose%5d%20deschttp://www.equitymaster.com/stockquotes/adr.asp?orderby=%5bclose%5d%20deschttp://www.equitymaster.com/stockquotes/adr.asp?orderby=Name%20deschttp://en.wikipedia.org/wiki/American_depositary_sharehttp://en.wikipedia.org/wiki/American_depositary_share


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Market Tiers

NASDAQ Capital MarketSmall Cap

Nasdaq Capital Market is a equity market for companies that have relatively small

levels of market capitalization. Listing requirements for such "small cap" companies

are less stringent than for other Nasdaq markets that list larger companies with

significantly higher market capitalization

NASDAQ Global MarketMid Cap

NASDAQ Global Market is made up of stocks that represent the Nasdaq Global

Market. The NASDAQ Global Market consists of 1,450 stocks that meet Nasdaq's

strict financial and liquidity requirements, and corporate governance standards. TheGlobal Market is less exclusive than the Global Select Market

NASDAQ Global Select MarketLarge Cap

NASDAQ Global Select Market is a market capitalization-weighted index made up of

U.S.-based and international stocks that represent the NASDAQ Global Select

Market Composite. The NASDAQ Global Select Market consists of 1,200 stocks that

meet Nasdaq's strict financial and liquidity requirements and corporate governance

standards. The Global Market Select is more exclusive than the Global Market.

Every October, the Nasdaq Listing Qualifications Department reviews the GlobalMarket Composite to determine if any of its stocks have become eligible for listing on

the Global Select Market.

Quote availability

NASDAQ quotes are available at three levels:

Level 1 shows the highest bid and lowest offerinside quote.

Level 2 shows all public quotes ofmarket makers together with information ofmarket dealers wishing to sell or buy stock and recently executed orders .

Level 3 is used by the market makers and allows them to enter their quotes

and execute orders
http://en.wikipedia.org/wiki/NASDAQ_Capital_Markethttp://en.wikipedia.org/w/index.php?title=NASDAQ_Global_Market&action=edit&redlink=1http://en.wikipedia.org/wiki/NASDAQ_Global_Select_Markethttp://en.wikipedia.org/wiki/Market_makerhttp://en.wikipedia.org/wiki/Market_makerhttp://en.wikipedia.org/wiki/Market_makerhttp://en.wikipedia.org/wiki/Market_makerhttp://en.wikipedia.org/wiki/NASDAQ_Global_Select_Markethttp://en.wikipedia.org/w/index.php?title=NASDAQ_Global_Market&action=edit&redlink=1http://en.wikipedia.org/wiki/NASDAQ_Capital_Market


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Hours Of Operation

Regular Trading Session ScheduleThe NASDAQ Stock Market Trading Sessions (Eastern Time)Pre-Market Trading Hours from 4:00 a.m. to 9:30 a.m.Market Hours from 9:30 a.m. to 4:00 p.m.After-Market Hours from 4:00 p.m. to 8:00 p.m.Quote and order-entry from 4:00 a.m. to 8:00 p.m.Quotes are open and firm from 4:00 a.m. to 8:00 p.m.

Financials

The NASDAQ OMX Group, Inc.

Consolidated Balance Sheets(in million Dollars)

December 31,

2012

Assets (unaudited)

Current assets:

Cash and cash equivalents 497

Restricted cash 85

Financial investments, at fair value 223

Receivables, net 333

Deferred tax assets 33

Default funds and margin deposits 209

Open clearing contracts:

Derivative positions, at fair value --

Resale agreements, at contract value --

Other current assets 112

Total current assets 1,492

Non-current restricted cash 25

Property and equipment, net 211Non-current deferred tax assets 294

Goodwill 5,335

Intangible assets, net 1,650

Other non-current assets 125

Total assets $ 9,132


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Liabilities

Current liabilities:

Accounts payable and accrued expenses 172

Section 31 fees payable to SEC 97

Accrued personnel costs 111Deferred revenue 139

Other current liabilities 119

Deferred tax liabilities 35

Default funds and margin deposits 209

Open clearing contracts:

Derivative positions, at fair value --

Repurchase agreements, at contract value --

Current portion of debt obligations 45

Total current liabilities 927Debt obligations 1,931

Non-current deferred tax liabilities 713

Non-current deferred revenue 156

Other non-current liabilities 196

Total liabilities $ 3,923

Commitments and contingencies

Equity

NASDAQ OMX stockholders' equity:Common stock 2

Additional paid-in capital 3,771

Common stock in treasury, at cost (1,058)

Accumulated other comprehensive loss (185)

Retained earnings 2,678

Total NASDAQ OMX stockholders' equity 5,208

Noncontrolling interests 1

Total equity 5,209

Total liabilities and equity $ 9,132


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Clearing and Settlement

For more than 30 years, DTCCs family of companies has helped automate,

centralise, standardise and streamline processes that are critical to the safety and

soundness of the capital markets. As a result, weve helped our customers increase

their operational efficiency, reduce risk and lower cost.

DTCC is a holding company established in 1999 to combine The Depository Trust

Company (DTC) and National Securities Clearing Corporation (NSCC). Those

companies, in turn, grew out of Wall Streetspaperwork crisis in the late 1960s and

early 1970s. Neither company, however, started out serving a national market. They

were formed initially to handle clearing and immobili

bse vs nasdaq

Documents