integration of global markets with indian markets

Integration of Global Markets with Indian

Markets

Criteria for Integration

Country Turnover

Market Capitalization

High & Lows of Country Index

Level

Listed Securities

Indices Circuit Filters

Country Turnover & Market Capitalization

US (Developed Countries)

Hong Kong (Developed Countries)

UK (Developed Countries)

India (Developing Countries)

China(Developing Countries)

Listing of Securities

Markets 2006 2007 2008

US 5133 5130 5603

Hong Kong 1021 1029 1017

India 4796 4887 4921

China 1440 1530 1604

Listed Companies in world

USA

Hong Kong

India

China

0 1000 2000 3000 4000 5000 6000

Listed Companies

2008 2007 2006

High & Low of World Indices

Indices Lows Highs Variations

Dow Jones 6547.05 14164.53 116.35%

FTSE 1268.64 2859.12 125.37%

Hang Sang 11015.84 31638.22 187.21%

Nifty 50 2524.20 6287.85 149.10

World Indices

Parameters BSE NSE NYSE HANG SANG

Name Sensex Nifty Dow Jones Hang Sang

No of Companies

30 50 30 33

Method of Calculation

Free float market capitalization method

Weighted Average Method

Weighted Average Method

Weighted Market Capitalization Method

Circuit Filters

Exchange Percentage change to trigger circuit breakers

NSE Market Wide3 Stage- 10,15,20% on index Movement

Individual Scrip2,5,10,20% depending upon various type of scrips

Tokyo Stock Exchange 2 Stages- 5,10%

NYSE 3 Stages- 10,20,30%(Set Every Quarter)

Korean Stock Exchange Single Stage- 10%

Price Relationship Between World Market

World Indices Movement