We have great pleasure in presenting First edition “Stock and Commodity Markets” written for students of UG courses. The related matters are written in a simple and easily understandable.
This volume is an attempt to pro vide the students with thorough understanding of Stock and Commodity Markets. We have presented the subject matter in a systematic manner with liberal use of charts and diagrams where ever necessary so as to make it interesting and sustain students’ interest.
Contents –
Module – 1 Evolution of Stock Exchange
Introduction
Stock Market
Meaning of Stock Markets
Definitions of Stock Markets
History of Stock Market
Stock Exchange
Corporatization of Stock Exchange
De-Mutualization of Stock Exchanges
De-Materialization of Stocks
Demat Account
Evolution of Market
Ring-based Trading
Screen based VSAT Trading
Stock Exchanges in India
NSE
BSE
Market Indices
NIFTY
SENSEX
Sectoral Indices
Key Words
Case Studies
Review Questions
References
Module – 2 Financial Markets Overview
Introduction
Meaning of Financial Markets
Types of Markets
Capital Markets
Money Markets
Commodity Markets
Market Segments
Primary vs. Secondary Markets
Market Infrastructure Institutions
Depositories
NSDL
CDSL
Clearing Corporations
Clearing & Settlement (T+1)
Bull Market
Bear Market
Key Words
Case Studies
Review Questions
References
Module – 3 Stock Market Operations
Introduction
Types of Contracts
Delivery Contracts
Non-Delivery Contracts
Types of Markets
Cash Market
Derivatives Market
Speculation
Trading Mechanisms
Intra-day trading
Order Types
Equity
Instruments
Exchange Traded Funds (ETFs)
Debt Instruments
Government Securities
Corporate Bonds
Green Bonds
Derivatives Market
Meaning of Derivatives
Options
Put Options
Call Options
Futures
Mark-to-Market (MTM) under Futures
Hedging
Derivative as a tool of Hedging
Key Words
Case Studies
Review Questions
References
Module – 4 Commodity Markets
Introduction
Meaning of Commodity Markets
Definition of Commodity Markets
Classification 0f Commodity Markets
Agricultural (Wheat, Cotton, Soybean)
Non-Agricultural (Gold, Crude Oil, Natural Gas)
Six Exchanges
MCX
NCDEX
NMCE
ICEX
ACE
UCE
Roles of UCE
Trading and Settlement
Spot vs Futures
Delivery Mechanisms
Price Discovery
Commodity Derivatives
Futures
Options
Hedging for Producers
Corporates
Speculators
Key Words
Case Studies
Review Questions
References
Module – 5 Regulatory Framework
Introduction
SEBI
Functions of SEBI
Regulations on Insider Trading
Price Rigging
Takeover Code
LODR
Risk Management Mechanisms
Margin Systems
VaR
Position Limits
Investor Protection
SCORES
IEPF
Grievance Redressal Mechanisms
Surveillance Systems
Role of Technology in Fraud Detection
AI/ML in Market Surveillance
Recent SEBI Amendments (2023-24)
ESG Disclosures
IPO Norm Reforms
Key Words
Case Studies
Review Questions
References
