CERTIFICATE

This is to certify that the project report entitled Role of derivative products submitted by
Tanay Vashisht is a bonafide piece of work conducted under my direct supervision & guidance.
No part of this work has been submitted for any other degree of any other university. The data
sources have been duly acknowledged. I may be considered for evaluation in partial fulfillment
of the requirement for the award of degree of Master of Business Administration.

Date:

Ms. Pooja M kholi

Head of department
Ludhiana Stock Exchange
Ludhiana .

PREFACE

The derivative market has become multi-trillion dollar markets over the years. Derivatives are
financial commitments indexed or linked in some capacity to changes in the value of underlying
assets. The bulk of the derivatives trading internationally are linked to currencies and interest
rates, other derivatives are linked to equity or equity indices.
A very small volume of derivatives, compared to the total, is indexed to traditional commodities.
Small by comparison to other derivatives markets, these commodities-indexed derivatives
markets are large compared to the underlying physical commodity markets.
The Aims and Objectives of this research are to have an in-depth knowledge of the derivative
markets in India and in this report entitled A Study on Derivatives products in India , I have
tried my level best to make it simple and understandable.
Questionnaires, sampling and personal interviews were conducted for answering the research
questions and achieving aims and objectives of research.
The findings were in favour of derivatives being vital for the stock market and they are not
diminishing in todays world, but they are at the booming stage; and every institutional investor
would want to use derivative as a tool to maximise its profits.

ACKNOWLEDGEMENT

There is always a sense of gratitude, which express to others for the helpful and needy services to
do it really wish to express my gratitude towards all those who have been helpful to us in getting
this mighty task of project report to a successful end.
First of all we should like to thank the supreme power, the almighty God who is obviously the
one who has always guided us to work on right path of life.
Words perhaps fail to express the gratitude & special thanks we owe to Ms. Pooja M Kholi
(Head of Department) who is my project guide, who helped me while doing my final project and
giving proper guidance whenever required.
I take this opportunity to express my deep gratitude to Ms. Neha (Assistant Professor) and Ms.
Nitika Sheghal (Assistant Professor) whose able guidance helped immensely in the successful
completion of this project.
Last but not the least I would like to thank my parent and friends for their support and
suggestions.

Tanay Vashisht