ABSTRACT This Project is intended on AN ANALYSIS OF DERIVATIVES IN FUTURE with regard to INDIABULLS SECURITIES LIMITED and study of its

Organization, its functions, services to its members and negotiations with the management on behalf of the employees and various aspects concerning to the Organization. This project describes the study of various trends in derivatives market, the role of derivatives in India financial market. In this project it is also described the study in detail the role of futures and options, study the role of stock exchange &the position of the option writer and option holder. profit/loss

CERTIFICATE
DATE: This is to certify that the project work entitled A STUDY ON AN ANALYSIS OF DERIVATIVES IN FUTURE with reference to INDIABULLS SECURITIES LIMITED has been successfully carried out by Mr. S. KHAJA HUSSAIN a student of MBA (Finance) bearing ROLL NO: 059-08-114 in partial fulfilment to award the degree "MASTER OF BUSINESS ADMINISTRATION IN OSMANIA UNIVERSITY for the academic year 2008-2010.

Signature of HOD

Signature of Principal

ACKNOWLEDGEMENT

The presentation of this project has given me the opportunity to express my profound gratitude all those who have made it possible for me to accomplish this project. At the first instance I would like to thank the INDIABULLS SECURITIES LIMITED. For giving me this opportunity to undergo a project study programmed in their esteemed organization. I would like to thanks to Mr. A. DAYANAND RAJU (Manager) INDIABULLS SECURITIES LIMITED, my project reference. This project would not have been completed without the untiring efforts of him. I am very much thankful to my project guide Mr. N.RAMAKRISHNUDU faculty for finance, Dr. K. RAJNATH GARU principal and all are my faculty members for guiding me in my project work. I copiously thank for his support given to me in order to make this endeavor and successfully complete my project. I would like to thank my parents, friends and also teammates who have helped me in the project, who encouraged me.

S. KHAJA HUSSAIN (ROLL NO: 059-08-114)

DECLARATION

I hereby declare that this Project Report titled A STUDY ON AN ANALASYS OF DERIVATIVES IN FUTURE in INDIABULLS SECURITIES LIMITED Submitted by me to the Department of Business Management, O.U. Hyderabad, is a bonafide work undertaken by me and it is not submitted to any other University or Institution for the award of any degree diploma/ certificate or published any time before.

Name & address of the student S. KHAJA HUSSAIN (059-08-114) H.NO: 2-21, Maddur (Vill), Panyam (Mdl) Kurnool Dist., A.P.

Signature of the student

CERTIFICATION

This is to certify that the Project Report title A STUDY ON AN ANALYSIS OF

DERIVATIVES IN FUTURE in INDIABULLS SECURITIES LIMITED, HYDERABAD

Submitted in partial fulfilment for the award of MBA Programme of Department of Business Management, O.U. Hyderabad, was carried out by Mr. S. KHAJA HUSSAIN under my guidance. This has not been submitted to any other University or Institution for the award of any degree/diploma/certificate.

Name & address of Guide N. RAMAKRISHNUDU M.R.M Institute of Management., Chinthapally guda, Ibrahimpatnam, R.R.Dist-501510.

Signature of Guide

A PROJECT REPORT
ON

AN ANALYSIS OF DERIVATIVES IN FUTURE

AT

INDIABULLS SECURITIES LIMITED HYDERBAD

BY

S. KHAJA HUSSAIN
HT.No:- (059-08-114)

Project submitted in partial fulfillment for the award of the degree of

MASTER OF BUSINESS ADMINISTRATION

HYDERBAD - 500007

M.R.M.INSTITUTE OF MANAGEMENT
(Affiliated to Osmania University) CHINTHAPALYGUDA (V), IBRAHIMPATNAM (M) RANGAREDDY (D.T) 501510 (2008-2010) TABLE OF CONTENTS SL.NO. List of Table List of Figures 1. INTRODUCTION 2. Introduction Objectives of the Study Importance of Study Methodology Limitations 6 - 35 1-5 CHAPTERS PAGE NO.

REVIEW OF LITARATURE Futures Trading

3.

INDUSTRY PROFILE

36 - 44

4.

COMPANY PROFILE

45 - 53

5.

DATA ANALYSIS & PRESENTATION

54 63

 6.

Presentation and Analysis Findings of Market Futures of BHEL Futures of oil & Natural Gas Corporation Futures of REL Capital Futures of Tata Steel 64 - 66

CONCLUSIONS & SUGGESTIONS Summary & Conclusions APPENDIX BIBLOGRAPHY

7. 8.

67 - 71 72 - 73

LIST OF TABLES
SL.NO. 1. 2. CONTENTS Role of Margins Lot size of selected companies for analysis PAGE NO. 21 55

LIST OF FIGURES

SL.NO. 1. 2. 3. 4. 5.

CONTENTS Payoff for a buyer of futures Payoff for a seller of futures Trading Network Organization Structure- Board of directors Trading product of Indiabulls Securities

PAGE NO. 18 19 31 50 51