443285239.

doc

A
Project Report
On

Online trading
During Summer Training
At

Submitted To :-
National Institute of Co –operative
Management

Submitted By
VIJAY CHOTALIA
(56)
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Guide’s
Certificate

This is to certify that VIJAY CHOTALIA, the student of NICM has

carried the project work as per the syllabus of Gujarat University. He
prepare this Summer Project on Study of Stock market in India under my
guidance and his contribution in making this report during the academic
year 2005-06 is highly appreciated.

To the best of my knowledge the detail presented by him are

original in nature and have not been copied from any other source. Also
this has not been submitted earlier for the award of any degree or
Diploma in Gujarat University or any other University.

Guide’s Name
&
Sign
Mr. Urvish Shah
(M.D. Gandhinagar branch)
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Acknowledgemen
t

It was unforgettable experience for me in SHAREKHAN

Gandhinagar. I don’t have adequate words to express my profound
gratitude to our project guide Mr. Urvish Shah (M.D.), who gave me a
good opportunity to have very in depth analysis in the field of Stock
market during the time of heavy crash and a new hike. So I heartily thank
him for his tremendous support and guidance that he provided us. I
would also like to thank other members at Sharekhan Gandhinagar
including Mr. Nishit Gorasia and Mr. Sandeep Lotwani who gave idea
about the performance of the stocks and other back- office handling.
Without their guidance it would be difficult for me to make project report
the way it should have been.

My acknowledgement would be incomplete if I don’t

express my deepest sense of gratitude towards the clients at Sharekhan
who provided us the idea about the stock market movement and other
members including our marketing team who gave the idea about how the
market for stock brocking firm is performing

Finally I thank to all my guides and my friends who helps me in

my project directly or indirectly.

Date: Khyati Thekdi (56)

Place: Gandhinagar (2005- 2007)
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History of
Stock exchange

The first stock exchange in India, Bombay stock Exchange

(BSE) was established in 1875 as ‘The Native Share and Association’ and
has evolved over the years into its present status as the premier stock
exchange in the country. It may be noted that BSE is the oldest stock
exchange in Asia, even older than the Tokyo stock Exchange. Which was
founded in 1878. The country’s second stock exchange was established in
Ahmedabad in 1894, followed by the Calcutta stock Exchange (CSE).
CSE can also trace its origin back to 19 th century. From a get together
under a ‘NEEM TREE’ way back in the 1830s, the CSE was formally
established in May 1908.

Traditionally In stock Market, the investors invest their

money in shares under the guidance of the Brokers of any stock broking
company. This is convenient to those investors who are not familiar with
the computer and the use of internet. But it requires more dealers to the
share broking companies to give guidance related to investment. There
was a chance of inaccuracy of price because it is a time consuming
process. The cost of the company also increases due to more paperwork.
The investor point of view, there was a problem of privacy. The
information of investor may leak by the broker. So, to remove these
limitations of traditional broking, there was an emergence of new concept
e-Broking.

Stock exchange is a place where securities are bought and

sold. Stock exchanges are exposed to high degree of volatility, price
fluctuations and it is driven by the demand supply of stocks. Stock
Brokers are the authorized person who is allowed to buy and sell stocks
on behalf of individuals and institutions and the authority is granted by
SEBI.
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E- Broking

Today is world of technology. So, the person who adopt it,

get the success. So, E-Broking means broking through electronic means.
E-Broking is the broking in which the investors who are familiar with the
use of computer and Internet they directly trade in stock market. They
trade any time at any place when the stock market is open. The cost of
transaction is also reducing with time. The investors have a large range of
option for the trading. It is a paperless transaction so it reduces the cost of
company. There was a facility of live streaming quotes, which give exact
price of share which prevailing in the market at that time.

Discount online brokers allow you to trade via Internet at

reduced rates. Some provide quality research, other don’t. Full service
online brokerage is linked to existing brokerage. These brokers allow
their client to place online orders with the option of talking/chatting to
brokers if advice is needed. Brokerage rates here are higher. Online
trading is still in its infancy stage in India.

The development of broking in India can be categorized in 3 phases:

1. Stock brokers offering on their sites features such as live portfolio
manager, live quotes, market research and news to attract more
investors.
2. Brokers offering on line broking and relationship management by
providing and offering analysis and information to investors during
broking and non-broking hours based on their profile and needs,
that is, customized services.
3. Brokers will offer value management or services such as initial
public offerings on line, asset allocation, portfolio management,
financial planning, tax planning, insurance services and enable the
investors to take better and well-considered decisions.
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