Beruflich Dokumente
Kultur Dokumente
Submitted to
_______________________________________________________
__________________________________________________________
Nashik
In partial fulfillment of the Requirement of the award of the degree
Of
By:
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CERTIFICATE
Date:
Place:
DECLARATION
MR.. __________________________________________________
Student
Date: 13/10/2012
Place: Nashik
ACKNOWLEDGEMENT
For any success, you require hard work and genuine efforts, but it is incomplete
without innumerable blessings, support, and sincere guidance.
I especially thank my Guide and Mentor Dr. Sunil Joshi for all the support,
motivation, and technical guidance he provided throughout the duration without
which my aim would have been incomplete.
I am indeed grateful to all professors and staff from Bhonsla Military College,
with whom I had the opportunity to interact. I am also thankful to Mrs.
Kochargaonkar (principal) and Mr. Sawant (Coordinator YCMOU MBA) as
without their cooperation and blessings, the work I had undertaken was not
possible at all.
I thank to all staff of the DMS group who interacted with me and provided all the
information necessary for the concluding work.
I am also very thankful to my family members and my friends who have been
extremely supportive throughout this journey.
E X E C U T I V E S U M M AR Y
Financial markets are, by nature, extremely volatile and hence the risk factor
is major concern for financial agents. As uncertainty about future goes
down, volatility is expected to go down; however as mentioned earlier, the
response/ reaction time becomes shorter, volatility is expected to increase.
To reduce the risk, the concept of derivatives comes into picture. Last
decade was one of the eventful decades in the Indian markets. In India, the
emergence and growth of derivatives market is relatively a recent
phenomenon. Since its inception in June 2000, derivatives market has
exhibited exponential growth both in terms of volume and number of traded
contracts.
On one side, just a few derivatives disaster stories were enough to bring
entire business of derivatives under the limelight, make every one worry
about unknown risk associated with derivatives, and elevate derivatives into
mysterious something; while on the other side, there were people who
started understanding the derivatives and used the derivatives for hedging
and mitigating the risks while adding liquidity to the markets.
This study attempts to discuss the genesis of derivatives, trading by tracing
its historical developments, types of traded derivatives products, regulation
and policy developments, trend and growth, future prospects and challenges
of derivative market in India. The study also covered the myths carried by
the general investors as well as the traders.
INDEX
Chapter-1
INTRODUCATION
1.1
1.2
1.3
1.4
1.5
1.6
Chapter-2
PROFILE OF THE ORGANIZATION
2.1
2.2
2.3
Chapter-3
DERIVATIES IN INDIA AND RECENT DEVELOPMENT
MAINLY SINCE YEAR 2009
3.1
3.2
3.3
3.4
Trading mechanism.
3.5
Membership criteria.
3.6
Turnover.
3.7
3.8
Definition.
3.9
Features.
3.10
14
3.11
3.12
Type of derivatives.
3.13
Derivative products.
3.13-1 Futures.
3.13-2 Options.
3.14
3.15
3.16
Chapter-4
ANALYSIS AND INTERPRETATION OF THE DATA
4.1
Practical Illustrations:
4.2
Interpretation.
46
Chapter-5
CONCLUSION OF THE STUDY
59
Chapter-6
RECOMMENDATIONS AND SUGGESTIONS
6.1
61
APPENDICES/ BIBLIOGRAPHY
WEBLIOGRAPHY.
64
list of graphs
Page No
1. Long future
28
2. Short future
29
3. Long call
34
4. Long call
35
5. Short call
37
6. Long put
38
7. Short put
40
Organizational Flowchart
11
15
18