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FINANCIAL MARKETS

 A     • a mechan• m that allow people to


trade (buy and ell) ecur•t•e ( tock and bond ), commod•t•e
(prec•ou metal , agr•cultural good ) and other fung•ble •tem
at low tran act•on co t.

 Cla •f•ed •nto two part    and    
Money Market

 Money market •nvolve hort-term borrow•ng and lend•ng w•th


a year or horter matur•ty t•me frame.

 In trument  T-B•ll , Commerc•al Paper , Cert•f•cate of Depo •t

 Regulatory Author•ty  Re erve Bank Of Ind•a


Re erve Bank Of Ind•a
 It wa e tabl• hed •n 1935 •n accordance w•th the prov• •on of
the Re erve Bank of Ind•a Act, 1934

 It formulate , •mplement and mon•tor the mon•tory pol•cy

 It perform merchant bank•ng funct•on for the central and the


tate government  al o act a the•r banker.

 It et the CRR and SLR l•m•t and pre cr•be broad bank•ng
parameter .
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 Pr•mary Market deal w•th • uance of new ecur•t•e .
Compan•e , government or publ•c ector •n t•tut•on can
obta•n fund•ng through the ale of new tock or bond • ue.

 In trument  IPO, R•ght I ued etc.

 Regulatory author•ty SEBI


mec r•t•e a xc a e ar fI •a
 N rm f r el••b•l•ty f r e t•t•e acce • t e pr•mary market

 V        


         
 V      
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SECONDARY MARKET

 Secondary Market refer to the market where ecur•t•e are


traded after be•ng •n•t•ally offered to the publ•c •n the pr•mary
market and l• ted on the tock e change
 It can be d•v•ded •nto three market  Equ•ty Market, Currency
Market, Cap•tal Market

 Major Trad•ng Platform 


 BSE
 NSE

 Regulatory Author•ty SEBI, FMC, RBI


SEBI
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 In re pect of Large Cap Compan•e , the m•n•mum po t-• ue


pa•d-up cap•tal of the company hould be R . 3 crore and
m•n•mum • ue •e hould be R . 10 crore .
 In re pect of Small Cap Compan•e , the m•n•mum po t-• ue
pa•d-up cap•tal of the company hould be R . 3 crore and
m•n•mum • ue •e hould be R . 3 crore .
 The ma •mum cap•tal•at•on •n ca e of large cap company •
R . 25 crore and •n ca e of mall cap compan•e •t • R . 5
crore .
‘ t•e
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 Regulat•on 2(e) def•ne an µ•n •der¶ a a per on connected or


deemed to be connected and who • rea onably e pected to
have acce to any unpubl• hed pr•ce en •t•ve •nformat•on •n
re pect of ecur•t•e [•.e. hare , debenture etc.] of a company,
or who ha rece•ved or ha had acce to uch unpubl• hed
•nformat•on. In uch ca e, he • l•able to a penalty of R . 25
crore or 3 t•me the amount of prof•t made •n uch trad•ng
wh•chever • h•gher.
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 A recogn•ed tock e change may del• t the ecur•t•e of


any l• ted compan•e on uch ground a are pre cr•bed
under the SEBI act. Before del• t•ng any company the
tock e change ha to g•ve the concerned company a
rea onable opportun•ty of be•ng heard and ha to record
the rea on for del• t•ng.
FORWARD MARKETS COMMISSION
      ' ( headquartered at Mumba•, • a
regulatory author•ty wh•ch • over een by the    
 ) *    )!+$ . It • a tatutory
body et up •n 1953 under the Forward Contract (Regulat•on) Act, 1952

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 L•m•t on open po •t•on of an •nd•v•dual operator to prevent overtrad•ng.


 L•m•t on pr•ce fluctuat•on to prevent abrupt up w•ng or down w•ng •n
pr•ce .
 Spec•al marg•n depo •t to be collected on out tand•ng purcha e or ale to
curb e ce •ve peculat•ve act•v•ty through f•nanc•al re tra•nt .
 M•n•mum/ma •mum pr•ce to be pre cr•bed to prevent future from fall•ng
below the level that are not remunerat•ve and from r• •ng above the level
not warranted by genu•ne upply and demand factor .
 Re tr•ct•on on entry of FII¶ •n the commod•ty market.
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