report on securities market

8/6/2019 Report on Securities Market

1/90

A SUMMER TRAINING REPORT

ON

TRADING ON EQUITY IN RELIGARE SECURITIESLIMITED

In the partial fulfillment for the award of the degree

Of

BACHELOR OF BUSINESS ADMINISTRATION

(COMPUTER AIDED MANAGEMENT)

SUBMITTED TO: SUBMITTED BY:


2/90

DECLARATION

This is to certify that report entitled Trading On Equity in Religare Securities Limitedwhich is submitted byme inpartialfulfillment of the requirement for the award of degree ofBachelor of Business Administration (Computer Aided Management) to G.G.S.I.P university,Kashmere Gate, Delhi, comprises only my original work and due acknowledgement has beenmade in the text to all other material used.

Name-:

Enrolment no.-:

Name of the guide-:

Date:


3/90

CERTIFICATE

This is to certify that report entitled Trading On Equity inReligare Securities Limitedwhich is submitted by Aditya Srivastava inpartial fulfillment of the requirement for theaward of degree of Bachelor of Business Administration (Computer Aided Management) toG.G.S.I.P university, Kashmere Gate, Delhi , is a record of the candidate own work carried out

by him under my super vision. The matter embodied in this thesis is original and has not beensubmitted for the award of any other degree.

Date:(Supervisor)


4/90

ACKNOWLEDGEMENT

Sometimes words fall short to show gratitude, the same happened with me during thisproject. The immense help and support received from Religare Securities Limitedoverwhelmed me during the project.

I am also thankful to the other staff members of Religare securities for their continuousmotivation throughout this program, which really helped me in completing this project.

Finally I want to thank all the friends, colleagues for their constant cooperation,

encouragement, help and support throughout the study without which this work would nothave been possible.

Aditya Srivastava

CONTENTS


5/90

Serial no. Topics

1. COMPANY PROFILE1.1) About Religare

1.2) Management team & Board of Directors

1.3) Retail Spectrum1.4) Wealth Spectrum

1.5) Religare Arts Initiative

1.6) Film Fund

1.7) Institutional Spectrum

1.7.1) Institutional Broking Services

1.7.2)Investment Banking1.7.3) Insurance Advisory

1.8) Life Insurance

1.9) Private Equity Fund & Other Initiative

2. DIFFERENT BRANCHES OF RELIGARE2.1) Equity Trading

2.1.1) Products

2.1.2) Depository

2.2) Mutual Funds

2.3) Commodity Trading

2.4) Currency Trading

3. MAJOR PLAYERS IN THE REGION3.1) Details of competitors

3.2) Comparative study

4. DAILY UPS AND DOWNS IN MARKET

5. CONCLUSION

6. ON THE JOB TRAINING

7. QUESTIONNAIRE7.1) Questionnaire-I

7.2) Questionnaire-II

7.3) Analysis

8. BIBLOGRAPHY


6/90

Religare is a diversified financial services group of India offering a multitude of investmentoptions. The diverse bouquet of financial services, which Religare offers, can be broadlyclubbed across three key verticals - Retail, Institutional and Wealth spectrums. The services

extend from asset management, Life Insurance, wealth management to equity broking,commodity broking, investment banking, lending services, private equity and venture capital.Religare has also ventured into the alternative investments sphere through its holistic artsinitiative and Film fund. With a view to expand, diversify and introduce offerings

benchmarked against global best practices, Religare operates in the life insurance space under'Aegon Religare Life Insurance Company Limited and wealth management under the brandname 'Religare Macquarie Private Wealth'.

Religare has a pan India presence, 1837 locations across 498 cities and towns. It also currentlyoperates from nine international locations following its acquisition of London's brokerage &investment firm, Hichens, Harrison & Co. plc. (Now Religare Hichens, Harrison Plc).

The vision is to build Religare as a globally trusted brand in the financial services domain andpresent it as the 'Investment Gateway of India'. All employees of the group guided by anexperienced and professional management team are committed to providing financial care,

backed by the core values of diligence, innovation, ambition and passion.

RELIGARE MANAGEMENT TEAM

CENTRAL LEADERSHIP TEAM


7/90

Mr. Sunil Godhwani

CEO & Managing Director, Religare Enterprises Limited

Mr. Shachindra Nath

Group Chief Operating Officer, Religare Enterprises Limited

Mr. Anil Saxena

Group Chief Finance Officer, Religare Enterprises Limited

BOARD OF DIRECTORS RELIGARE ENTERPRISES LIMITED

Mr. Malvinder Mohan Singh

Non Executive Chairman


8/90

Mr . Sunil GodhwaniManaging Director & Group CEO

Mr . Shivinder Mohan SinghNon Executive Director

Mr . Harpal Singh

Non Executive Director

Mr . Deepak Ramchand SabnaniIndependent Director

Mr. Padam BahlIndependent Director

Mr. J.W. BalaniIndependent Director

Ms . Sunita NaidooIndependent Director

Mr . R.K. shettyAlternate to Mr. J. W. Balani

Capt. G.P.S. BhallaAlternate to Mr. Deepak Sabnani

Diversified Businesses: High Growth Areas-:

Religare retail spectrum Religare wealth spectrum

Equity trading, Commoditiestrading, Online investmentportal, Personal financial

services, Loans and insurancesolution.

Wealth management,Portfolio managementservices, Arts initiatives,

Film fund.


9/90

Religare institutional spectrum Religare otherservices

Religare is a diversified financial services group of India offering a multitude of investmentoptions.

Equity Trading

Trading in Equities with Religare truly empowers you for your investment needs.Weensure you have a superlative trading experience through -:

A highly process driven, diligent approach

Powerful Research & Analytics and

One of the "best-in-class" dealing rooms

Commodities Trading

Institutional broking services,Investment banking,Insurance advisory.

Asset management-mutualfund, Life insurance, Privateequity fund.


10/90

Religare Commodities Limited (RCL), a wholly owned subsidiary ofReligare Enterprises Limited was initiated to spearhead Exchange basedCommodity Trading. As a member ofNCDEX, MCX and NMCE, RCL, present in 529locations provides options in both agri and non-agri commodities for Exchange basedcommodity trading backed by incisive dedicated research.

Online Investment Portal

Religare Online is your single gateway for all your financial needs. Now you not just tradeonline in Equities, Commodities, apply for IPOs, invest in Mutual Funds, buy Insurance, but also get Trade Rewards each time you invest online with our 360

degree portal.

Personal Financial Services

Today, more and more people look up to ways and means which can fulfill their financialaspirations such as Savings, Retirement planning, Tax planning & Wealth planning, etc. Allthis coupled with multiple and cut throat competitive offerings makes it very difficult for anindividual to come to a decision and this leads to the search of a partner who can help an

individual understand the complex investment instruments and make the best use of them tomeet his/her short-term and long-term financial objectives.

Loans

Structurally all business are operated through various subsidiaries held through the holdingcompany Religare Enterprises Limited. One such wholly owned subsidiary of REL isReligare Finvest Limited registered with the Reserve Bank of India as a Non-BankingFinance Company (NBFC) and is a Member ofCDSL.

.

Insurance Solutions

Religare with one of the largest retail networks in the country offers a complete range ofinsurance solutions though its 100% subsidiary company, Religare Insurance BrokingLimited (RIBL). The company holds a composite broker's license operating in the Life,General and Reinsurance domains.


11/90

To provide customized wealth advisory services to high net worth individuals (HNIs),Religare offers an exceptional selection of investment opportunities, in every asset class. Ourmarket knowledge and formidable resources facilitate wealth acceleration, diversificationand capital preservation.

Wealth Management

Religare operates its wealth management business in partnership with Macquarie through thejoint venture - Religare Macquarie Wealth Management Limited (a 50:50 joint venture). TheJV is a combination of strengths - Macquarie's strong global expertise with Religare's stronglocal insights.

The new brand - Religare Macquarie Private Wealth shall strive to manage, grow andpreserve the wealth of discerning Indian HNIs.


12/90

Religare Macquarie Private Wealth draws strength and its core essence

from the values of Religare's "Diligence" and Macquarie's "Forward

Thinking".

Portfolio Management Services (PMS)

Religare offers PMS to address varying investment preferences. As a focused service, PMSpays attention to details, and portfolios are customized to suit the unique requirements ofinvestors.Religare PMS currently extends six portfolio management schemes, viz Monarque, Panther,Tortoise, Elephant, Caterpillar and Leo. Each scheme is designed keeping in mind thevarying tastes, objectives and risk tolerance of our investors

Religare schemes

Monarque

The portfolio aims at the ultra HNI category and is structured to provide higher returns bytaking aggressive positions across sectors and market capitalization.

Panther

The Panther is suitable for the "High Risk High Return" investor with a strategy to invest

across sectors.

Tortoise

The Tortoise is suitable for the "Medium Risk Medium Return" investor with a strategy toinvest in companies which have consistency in earnings, growth and financial performance.

Elephant

The is suitable for the "Low Risk Low Return" investor with a strategy to invest in blue chip

companies, as these companies have steady performance and reduce liquidity risk in themarket.

Caterpillar

The Caterpillar is suitable for investors with a high risk appetite.


13/90

Leo

Leo is aimed at retail customers and structured to provide medium to long-term capitalappreciation by investing in stocks across the market capitalization range. This scheme is amix of moderate and aggressive investment strategies.

Arts Initiative

Today's complex market structures have spun art out of the cocoon of mere aestheticism intoa more rooted role as a recognized financial asset, a derivative with immense powers ofwealth generation, equal to those of any brick and mortar industry. Given this base, it is nowfor the greater public-driven organizations concerned with the well being of art, to ensurethat all the diverse dimensions of art are nurtured and given the right exposure, so that art

permeates more completely into the societal fabric and enriches a wider consciousness.With this vision in mind, Religare Enterprises Limited last year launched Religare ArtsInitiative Limited (RAI), a wholly owned subsidiary. So, while most galleries, auctionhouses and art funds operate art businesses, Religare Art Initiative will conversely leveragebusiness for art.

Religare Arts Initiative is committed to the business of arts, the arts as an alternateinvestment option and is a corporate champion for the cause of Art. The gallery is the first

physical manifestation of this initiative.

The GalleryReligare Arts Initiative has committed to creating a 360 degree platform for the Arts. As astarting sequel to this commitment we shall provide a platform for artists of all ages, genresand statures.To nurture talent, RAI will establish world-class gallery space(s) for shows and exhibitionsof works of artists across the board. These gallery spaces shall double-up as venues forseminars, symposia, workshops and other interactions on art issues. Art - Artist - public


14/90

interactions in these spaces will be documented to improve publicconsciousness. The first has been launched in New Delhi. Our overarchingcommitment, passion and vision in this space is well and truly symbolized and expressedthrough our identity arts-i. The arts gallery was opened on Oct 1, 2008 with its firstexhibition showcasing 16 Contemporary and emerging artists.

Film Fund

.

Religare Enterprises Limited and Vistaar Entertainment Ventures Private Limited launchedIndias first ever film fund - Vistaar Religare Film Fund (VRFF) for the Film/Mediabusiness.

Religare and Vistaar bring to you an opportunity to invest and partner with the ever evolvingand recession-proof medium of films, through VISTAAR RELIGARE FILM FUND -India's first SEBI-approved venture capital fund in this sector. The Fund would be focusingon identifying right opportunities in the film industry and in turn - produce challenging,entertaining, culturally-relevant cinema as well as growth and returns for all its investors.


15/90

Institutions, Banks and the Corporate have their own unique investment needs. Religarerecognizes this and strives to offer a superlative investment experience for institutions andFIIs globally and would like to be seen as their preferred investment gateway.

Institutional spectrum includes:

Institutional Broking Services

Investment Banking

Insurance Advisory


16/90

With the mission to institutionalize andimplement a process driven approach, the Institutional Broking Services at Religare cater tothe investment needs of leading corporate houses and institutions. Backed by incisiveresearch, this division would like to be seen as a one stop investment gateway and

knowledge repository for its clients, servicing their unique and sophisticated needs.

Our Institutional Broking desk is currently dealing with almost all the leading client groups,like Mutual Funds, FIIs, Banks and Insurance Companies.

The Religare Edge:

Highly skilled, dedicated dealing, research and sales teams Dealing capabilities on the NSE, BSE and in the cash and derivativessegment

In-depth, detailed and insightful coverage across 16 diverse sectors and 153companies that extends to -:

o Economic Researcho Result Expectationso Derivative Strategieso IPO Researcho Mutual Fund Researcho Special reports like impact of credit policy, budget, etc. Access to international expertise and global practices established in maturefinancial markets An international distribution network servicing the needs of institutions &corporate houses through a large global network and with the ability to executeglobally.


17/90

Investment Banking

Our Investment Banking business offered through Religare Capital Markets Limited(RCML), a wholly owned subsidiary of the holding company, Religare Enterprises Limited,deals in merchant banking, transaction advisory and corporate finance servicing theCorporate, Entrepreneurs and Investors.Supported by a dynamic team of professionals with proven track record, our InvestmentBanking division is backed by in-depth understanding of the regulatory systems. With ourexpertise, we create customized capital structures that are aligned to the customers, business

plan and stakeholder objectives.Through its diligent processes in Investment Banking, Religare wishes to partner with themidcaps, be it for Transaction Advisory services, Private Equity placements, DebtSyndication or even entering the Primary Market, ECB, FCCB, GDR/ADR, etc. Religare's

Investment Banking is a one-stop shop for all these services.At Religare, our constant endeavor is to forge strong relationships and our innovation anduncompromising ethical standards that have enabled us to develop global distribution &execution capabilities.

The Religare Edge

Excellent track record in deal closing and capital raising End-to-End solution delivery capability and in-depth understanding of

the regulatory systems. Global presence with offices operating in nine countries besides India. Pan India presence in 1550 locations across more than 460 cities &towns. Powerful research and analytics supported by a pool of highly skilledResearch Analysts Ethical business practices Part of a large diversified Indian trans-national promoter group.


18/90

Religare Insurance Broking Limited (RIBL), a Religare Enterprises Limited venture isone of India's leading insurance broking firms, with one of the largest retail networks in thecountry. The company holds a composite broker's license operating in the Life, General and

Reinsurance domains.RIBL not only provides customized solutions to individual clients but also to some of theleading corporate houses and institutions across the country.Our team across the country is driven by the core philosophy of creating and deliveringvalue to its customers. Our strengths are a team of passionate professionals, a robust ITinfrastructure and strong risk analysis teams adept at identifying & analyzing your risks and

providing you with tailor made solutions.

Value Proposition

Presence Pan India foot printStrong Domain Expertise Rich domain knowledge and Industry experts

Comprehensive Risk Portfolio

Management.

Expertise to meet all your Insurance needs

Flexibility Market understanding, proactive and customer centric

Stability Part of a large diversified Indian trans-national groupwith presence in over 1550 locations across more than460 cities & towns in India and globally across 10countries.

Infrastructure Human, technical, physical presence, CRM

Quality Best business practices and highest quality service

Strategic Partnerships Alliance with global and national players to get you thebest deals


19/90

Religare Service Offerings-:


20/90

Religare in partnership with Aegon, one of the world's largest life insurance and pensiongroups, operates its Life Insurance business in India under a Joint venture, Aegon Religare

Life Insurance Company Limited.This venture is dedicated to build a firm future, both for customers and employees and willcontinue to balance a local approach with the power of an expanding global operation.AEGON Religare Life Insurance launched its pan-India multi-channel operations in July,2008 with over 30 branches spread across India. The business philosophy is to help people

plan their life better and also provide high quality advice to customers and offer a superlativeoverall service experience.True to its stance of being "Refreshingly Different", powered by innovation, and bringing

industry "firsts", AEGON Religare Life Insurance offers policy servicing on the phone viaInteractive Voice Response System (IVR) by issuing the customer a T-Pin forauthentication. It is also the first company to include the customer's medical report in the

policy kit.


21/90

Milestone, one of Indias premier independent fund houses and Religare hascome together and through the JV has formed an entity, Milestone ReligareInvestment Advisors Private Limited. The JV entity aims at making growth stage privateequity investment primarily in Education & Healthcare sectors in India.

Religare has created an alternative career path,keeping in mind the needs, wants and desires of

toadys woman. Femme Power provides an opportunity for the contemporary Indianwoman who strives to strike a balance between work and family life. Femme Power is anindependent financial advisory platform managed by women, for women.

The primary focus of Femme Power is to provide a single point of contact from whichwomen across India can access their financial investments and transactions, in addition to

providing timely lifestyle tips. Femme Power will serve as a catalyst to address concerns ofwomen about financial security, investment knowledge, health & nutrition, in addition to arange of other issues.


22/90

DIFFERENT

BRANCHES OF RELIGARE


23/90

EQUITYTRADING

Trading in Equities with Religare truly empowers you for your investment needs. We ensureyou have a superlative trading experience through -

A highly process driven, diligent approach Powerful Research & Analytics and One of the "best-in-class" dealing rooms

Further, Religare also has one of the largest retail networks, with its presence in 1837*locations across 498* cities & towns. This means, you can walk into any of these branchesand connect to our highly skilled and dedicated relationship managers to get the bestservices.

The Religare Edge

Pan India footprint Powerful research and analytics supported by a pool of highly skilled research

analysts Ethical business practices Offline/Online delivery models Single window for all investments needs through you unique Customer

Relationship Number.

Equity Trading is possible by:

National Stock Exchange


24/90

The National Stock Exchange of India Limited (NSE) is a Mumbai-based StockExchange. It is the second largest stock exchange in India in terms of daily turnover andnumber of trades, for both equities and derivative trading. Though a number of otherexchanges exist, NSE and the Bombay Stock Exchange are the two most significant stockexchanges in India, and between them are responsible for the vast majority of sharetransactions. The NSE's key index is the S&P CNX NIFTY, known as the Nifty, an index of

fifty major stocks weighted by market capitalization.NSE is mutually owned by a set of leading financial institutions, banks, insurance companiesand other financial intermediaries in India but its ownership and management operate asseparate entities. There are at least 2 foreign investors NYSE Euro next and Goldman Sachswho have taken a stake in the NSE. As of 2006, the NSE VSAT terminals, 2799 in total,cover more than 1500 cities across India. In October 2007, the equity market capitalizationof the companies listed on the NSE was US$ 1.46 trillion, making it the second largest stockexchange in South Asia. NSE is the third largest Stock Exchange in the world in terms of thenumber of trades in equities. It is the second fastest growing stock exchange in the worldwith a recorded growth of 16.6%.

Origins


25/90

The National Stock Exchange of India was promoted by leading Financialinstitutions at the behest of the Government of India, and was incorporated in

November 1992 as a tax-paying company. In April 1993, it was recognized as a stockexchange under the Securities Contracts (Regulation) Act, 1956. NSE commencedoperations in the Wholesale Debt Market (WDM) segment in June 1994. The Capital Market(Equities) segment of the NSE commenced operations in November 1994, while operations

in the Derivatives segment commenced in June 2000.

NSE was set up with the objectives of:

Establishing nationwide trading facility for all types of securities Ensuring equal access to investors all over the country through an appropriatetelecommunication network Providing fair, efficient & transparent securities market using electronic

trading system Enabling shorter settlement cycles and book entry settlements Meeting International benchmarks and standards

Within a very short span of time, NSE has been able to achieve its objectives for which itwas set up. Indian Capital Markets are a far cry from what they were 12 years back in termsof market practices, infrastructure, technology, risk management, clearing and settlementand investor service. To ensure continuity of business, NSE has built a full-fledged BCP siteoperational for last 7 years.

NSE'SMARKETS

NSE provides a fully automated screen-based trading system with national reach inthe following major market segments: -

Equity OR Capital Markets {NSE's market share is over 65%} Futures & Options OR Derivatives Market {NSE's market share over 99.5%} Wholesale Debt Market (WDM) Mutual Funds (MF)

Initial Public Offerings (IPO).
http://en.wikipedia.org/wiki/Financial_institutionshttp://en.wikipedia.org/wiki/Financial_institutionshttp://en.wikipedia.org/wiki/Government_of_Indiahttp://en.wikipedia.org/wiki/Stock_exchangehttp://en.wikipedia.org/wiki/Stock_exchangehttp://en.wikipedia.org/w/index.php?title=Securities_Contracts_(Regulation)_Act&action=edit&redlink=1http://en.wikipedia.org/w/index.php?title=Debt_Market&action=edit&redlink=1http://en.wikipedia.org/w/index.php?title=Capital_Market&action=edit&redlink=1http://en.wikipedia.org/wiki/Stockhttp://en.wikipedia.org/wiki/Derivativehttp://en.wikipedia.org/wiki/Financial_institutionshttp://en.wikipedia.org/wiki/Financial_institutionshttp://en.wikipedia.org/wiki/Government_of_Indiahttp://en.wikipedia.org/wiki/Stock_exchangehttp://en.wikipedia.org/wiki/Stock_exchangehttp://en.wikipedia.org/w/index.php?title=Securities_Contracts_(Regulation)_Act&action=edit&redlink=1http://en.wikipedia.org/w/index.php?title=Debt_Market&action=edit&redlink=1http://en.wikipedia.org/w/index.php?title=Capital_Market&action=edit&redlink=1http://en.wikipedia.org/wiki/Stockhttp://en.wikipedia.org/wiki/Derivative


26/90

NIFTY

S&P CNX Nifty is a well-diversified 50 stock index accounting for 21 sectors of theeconomy. It is used for a variety of purposes such as benchmarking fund portfolios, index

based derivatives and index funds.

S&P CNX Nifty is owned and managed by India Index Services and Products Ltd. (IISL),which is a joint venture between NSE and CRISIL. IISL is India's first specialized companyfocused upon the index as a core product. IISL has Marketing and licensing agreement withStandard & Poor's (S&P), who are world leaders in index services.

The total traded value for the last six months of all Nifty stocks isapproximately 65.68% of the traded value of all stocks on the NSE Nifty stocks represent about 65.34% of the total market capitalization as onMar 31, 2009. Impact cost of the S&P CNX Nifty for a portfolio size of Rs.2 crore is 0.16% S&P CNX Nifty is professionally maintained and is ideal for derivativestrading.

NIFTY 50Constituents list of S&P CNX Nifty

ABB Ltd., ELECTRICAL EQUIPMENT, ACC Ltd., CEMENT AND CEMENT

PRODUCTS, Ambuja Cements Ltd., CEMENT AND CEMENT PRODUCTS,AMBUJACEM,

Axis Bank Ltd., BANKS, AXISBANK,Bharat Heavy Electricals Ltd., ELECTRICAL EQUIPMENT, BHEL, Bharat Petroleum Corporation Ltd., REFINERIES, BPCL,Bharti Airtel Ltd., TELECOMMUNICATION - SERVICES, BHARTIARTL,Cairn India Ltd., OIL EXPLORATION/PRODUCTION, CAIRN,Cipla Ltd., PHARMACEUTICALS, CIPLA,


27/90

DLF Ltd., CONSTRUCTION, DLF, GAIL (India) Ltd., GAS, GAIL,Grasim Industries Ltd., CEMENT AND CEMENT PRODUCTS, GRASIM,HCL Technologies Ltd., COMPUTERS - SOFTWARE, HCLTECH,HDFC Bank Ltd., BANKS, HDFCBANK,Hero Honda Motors Ltd., AUTOMOBILES - WHEELERS, HEROHONDA, HindalcoIndustries Ltd., ALUMINIUM, HINDALCO, Hindustan Unilever Ltd., DIVERSIFIED,

HINDUNILVR,Housing Development Finance Corporation Ltd., FINANCE - HOUSING, HDFC,I T C Ltd., CIGARETTES, ITC,ICICI Bank Ltd., BANKS, ICICIBANK,Idea Cellular Ltd., TELECOMMUNICATION - SERVICES, IDEA,Infosys Technologies Ltd., COMPUTERS - SOFTWARE, INFOSYSTCH,Jindal Steel & Power Ltd., STEEL AND STEEL PRODUCTS, JINDALSTEL,Larsen & Toubro Ltd., ENGINEERING, LT,Mahindra & Mahindra Ltd., AUTOMOBILES - 4 WHEELERS, M&M,Maruti Suzuki India Ltd., AUTOMOBILES - 4 WHEELERS, MARUTI,NTPC Ltd., POWER, NTPC,National Aluminium Co. Ltd., ALUMINIUM, NATIONALUM,Oil & Natural Gas Corporation Ltd., OIL EXPLORATION/PRODUCTION, ONGC,Power Grid Corporation of India Ltd., POWER, POWERGRID,Punjab National Bank, BANKS, PNB,Ranbaxy Laboratories Ltd., PHARMACEUTICALS, RANBAXY,Reliance Capital Ltd., FINANCE, RELCAPITAL,Reliance Communications Ltd., TELECOMMUNICATION - SERVICES, RCOM,Reliance Industries Ltd., REFINERIES, RELIANCE,Reliance Infrastructure Ltd., POWER, RELINFRA,Reliance Power Ltd., POWER, RPOWER,Siemens Ltd., ELECTRICAL EQUIPMENT, SIEMENS,State Bank of India, BANKS, SBIN,Steel Authority of India Ltd., STEEL AND STEEL PRODUCTS, SAIL,

Sterlite Industries (India) Ltd., METALS, STER,Sun Pharmaceutical Industries Ltd., PHARMACEUTICALS, SUNPHARMA,Suzlon Energy Ltd., ELECTRICAL EQUIPMENT, SUZLON,Tata Communications Ltd., TELECOMMUNICATION - SERVICES, TATACOMM,Tata Consultancy Services Ltd., COMPUTERS - SOFTWARE, TCS,Tata Motors Ltd., AUTOMOBILES - 4 WHEELERS, TATAMOTORS,Tata Power Co. Ltd., POWER, TATAPOWER,Tata Steel Ltd., STEEL AND STEEL PRODUCTS, TATASTEEL,


28/90

Unitech Ltd., CONSTRUCTION, UNITECH,Wipro Ltd., COMPUTERS - SOFTWARE, WIPRO,

Bombay Stock Exchange


29/90


30/90

realities. Apart from the SENSEX, BSE offers 21 indices, including 12 sectoralindices. BSE has entered into an index cooperation agreement with DeutscheBrse. This agreement has made SENSEX and other BSE indices available to investors inEurope and America. Moreover, Barclays Global Investors (BGI), the global leader in ETFsthrough its brand, has created the BSE SENSEX India Tracker' which tracks the SENSEX.The ETF enables investors in Hong Kong to take an exposure to the Indian equity market.

The first Exchange Traded Fund (ETF) on SENSEX, called "Spice" is listed on BSE. It bringsto the investors a trading tool that can be easily used for the purposes of investment, trading,hedging and arbitrage. Spice allows small investors to take a long-term view of the market.

BSE provides an efficient and transparent market for trading in equity, debt instruments andderivatives. It has a nation-wide reach with a presence in more than 359 cities and towns ofIndia. BSE has always been at par with the international standards. The systems and processesare designed to safeguard market integrity and enhance transparency in operations. BSE is the

first exchange in India and the second in the world to obtain an ISO 9001:2000 certifications.It is also the first exchange in the country and second in the world to receive InformationSecurity Management System Standard BS 7799-2-2002 certification for its BSE On-lineTrading System (BOLT).

BSE continues to innovate. In recent times, it has become the first national level stockexchange to launch its website in Gujarati and Hindi to reach out to a larger number ofinvestors. It has successfully launched a reporting platform for corporate bonds in Indiachristened the ICDM or Indian Corporate Debt Market and a unique ticker-cum-screen aptlynamed 'BSE Broadcast, which enables information dissemination to the common man on the

street.In 2006, BSE launched the Directors Database and ICERS (Indian Corporate ElectronicReporting System) to facilitate information flow and increase transparency in the Indiancapital market. While the Directors Database provides a single-point access to information onthe boards of directors of listed companies, the ICERS facilitates the corporate in sharing withBSE their corporate announcements.

BSE also has a wide range of services to empower investors and facilitate smoothtransactions:


31/90

Investor Services: The Department of Investor Services redresses grievances ofinvestors. BSE was the first exchange in the country to provide an amount of Rs.1million towards the investor protection fund; it is an amount higher than that of any exchange in thecountry. BSE launched a nationwide investor awareness programme- 'Safe Investing in the Stock Market'under which 264 programmes were held in more than 200 cities.

The BSE On-line Trading (BOLT): BSE On-line Trading (BOLT) facilitates on-line screen based

trading in securities. BOLT is currently operating in 25,000 Trader Workstations located across over 359cities in India.

BSEWEBX.com: In February 2001, BSE introduced the world's first centralized exchange-based Internettrading system, BSEWEBX.com. This initiative enables investors anywhere in the world to trade on theBSE platform.

Surveillance: BSE's On-Line Surveillance System (BOSS) monitors on a real-time basis the pricemovements, volume positions and members' positions and real-time measurement of default risk, marketreconstruction and generation of cross market alerts.

BSE Training Institute: BTI imparts capital market training and certification, in collaboration withreputed management institutes and universities. It offers over 40 courses on various aspects of the capitalmarket and financial sector. More than 20,000 people have attended the BTI programmes

Awards

The World Council of Corporate Governance has awarded the GoldenPeacock Global CSR Award for BSE's initiatives in Corporate Social Responsibility (CSR). The Annual Reports and Accounts of BSE for the year ended March 31, 2006and March 31 2007 have been awarded the ICAI awards for excellence in financial reporting. The Human Resource Management at BSE has won the Asia - Pacific HRMawards for its efforts in employer branding through talent management at work, healthmanagement at work and excellence in HR through technology

PRODUCTS OF RELIGARE


32/90

The above three products Rally, Rally-Pro and Rally-lite are the different ways through

which the trading of shares can be done. These products are discriminated on the basis of themedium that they provide to client to buy orsell shares.

In this product the client is provided a Relationship manager (RM) or Dealer which willguide him to buy or sell shares or when to place an order or when to sell the shares.

This product only allows the client to contact the RM through a phone call. Religare alsoprovide a facility to its clients in which clients can come to the Religarebranch where his RM


33/90

works during the trading hours (i.e.9.30am-3.30pm) so that clients can trade inpresence of his RM.

Charges of opening Demat Account (Product Rally)-:

Intraday-: It refers to the condition when shares purchased are sold on the same day beforeclosing of market.

Delivery-: It refers to the condition when shares purchased are not sold on the same day ofpurchase.

This is another product that Religare provide to their clients for trading of shares. The featureof this product is that this is the software application based product. The clients who opt forthis product must have a computer at their home with internet facility.

Rally Proprovides two application software to their clients among which they can chooseone. The two application softwares are-:

Brokerage equity

Intraday

(in

paisa)

Delivery

(In

paisa)

Branches

(delhi)

Demat

In Rs.

Margin

money

5 20 80 500 5000


34/90

1) Odin diet2) Fast trade

Charges of opening Demat Account (Product Rally-Pro)-:

Charges of opening demat account product Rally-pro is same as product Rally but the onlydifference is of the charges of the software which are given below-:

Software charges (in rs.)- Rs 1800 (will be returned if equal amount of

brokerage is given)

Screen shot of Odin diet

software-:

Brokerage equity

Intraday

(in paisa)

Delivery

(In

paisa)

Branches

(delhi)

Demat

In Rs.

Margin

money

5 20 80 500 5000


35/90

It facilitates real-time market information, equipping you to trade online quickly and easily. Italso offers an integrated order routing, order management, real-time risk management and

broadcast engine that can interface with any exchange using the exchange defined messagestructures.

For activating Odin diet an activation key is required which can be obtained by opening thebelow mention site-:

http://www.religaresecurities.com /ActivationKey.asp

Screen shot of Fast trade software-:


36/90

Fast trade is a powerful and comprehensive application for stock broker/ agents of theequities and derivatives markets. It is a multi exchange, multi-segment application thatempowers stock trade on the following:

1) National Stock Exchange (NSE)

2) Bombay Stock Exchange (BSE)

3) National Commodity and Derivatives Exchange (NCDEX)

Fast trade is a client-server application with a user friendly and flexible interface for trading.It is packaged with optimum performance, robust architecture, computer-to-computer link(CTCL) technology adaptability, critical data handling ability, transaction management, andmany such features.


37/90

This is another product that Religare provide to their clients for trading of shares. The

feature of this product is that this is the Browser based product. The clients who opt for thisproduct can access or can trade from any computer terminal. This product is essential for theclients who doesnt have computer at their home.

Charges of opening Demat Account (Product Rally-lite)-:

For opening this account charges aresame as others product but there can bedifference in the Margin amount when

any clients opt forRally-lite.

As Rally-lite is a browser based product there is no need to install any software on the clientcomputer. Client is provided a unique client id and password which is to be enteredwhenever client wants to access his account for trading purpose or for any other purpose.Rally-lite also allows easy access to the margin reports etc.

The address for web browser is given below-:

http://www.religaresecurities.com/LoginNetNetLite.asp

Brokerage equity

Intraday

(in paisa)

Delivery

(In

paisa)

Branches

(delhi)

Demat

In Rs.

Margin

money

5 20 80 500 5000


38/90

Screen shot of Rally-lite web browser-:

DEPOSITORY


39/90


40/90

Religares depository service offers their investors a secure, convenient,paperless and cost effective way to keep track of their investment in shares andother instruments over a period of time, without the hassle of handling physical documents.Investors DP account with Religare takes care of their investors depository needs likedematerialization,rematerialisation, transfer and pledging of shares, stock lending andborrowing.

Religares total depository accounts have increased from 14,413 as of march 31, 2005 to 109,715 as of march 31, 2007 and further to 1,83,690 as of September 31, 2007 and now at presenttotal depository accounts is nearby 3,07,634.

Investors demat account is safe and absolutely is in secure hands, every debit instruction isexecuted only after its authenticity is established. Religares hi-tech in-house capabilities

cater to the needs of software maintenance, database administration, network maintenance,backups and disaster recovery. This extra cover of security has gained the trust of their clients.

Religare technova Limited is the holding of the Religare Enterprises that provides solutionto technical or software related queries of the clients and it also guard the clients who useinternet trading option from different security issues. This raises the trust of the clients inReligare Securities Limited (RSL).


41/90

MUTUAL FUNDS

A mutual fund is a professionally managed type of collective investment scheme that poolsmoney from many investors and invests it in stocks, bonds, short-term money market

instruments, and/or other securities. The mutual fund will have a fund manager that tradesthe pooled money on a regular basis. The net proceeds or losses are then typically distributedto the investors annually.Since 1940, there have been three basic types of investment companies in the United States:open-end funds, also known in the U.S. as mutual funds; unit investment trusts (UITs);and closed-end funds. Similar funds also operate in Canada. However, in the rest of theworld, mutual fundis used as a generic term for various types of collective investmentvehicles, such as unit trusts, open-ended investment companies (OEICs), unitizedinsurance funds, and undertakings for collective investments in transferable securities(UCITS).

The value of each unit of the mutual fund, known as the net asset value (NAV), is mostlycalculated daily based on the total value of the fund divided by the number of sharescurrently issued and outstanding. The value of all the securities in the portfolio in calculateddaily. From this, all expenses are deducted and the resultant value divided by the number ofunits in the fund is the funds NAV.


42/90

Categories of mutual funds:

HISTORY

The stock market crash of 1929 hindered the growth of mutual funds. In response to the stockmarket crash, Congress passed the Securities Act of 1933 and the Securities Exchange Act of1934. These laws require that a fund be registered with the Securities and ExchangeCommission (SEC) and provide prospective investors with a prospectus that contains requireddisclosures about the fund, the securities themselves, and fund manager. The SEC helped draftthe Investment Company Act of 1940, which sets forth the guidelines with which all SEC-registered funds today must comply.


43/90

With renewed confidence in the stock market, mutual funds began to blossom.By the end of the 1960s, there were approximately 270 funds with $48 billion inassets. The first retail index fund, First Index Investment Trust, was formed in 1976 andheaded by John Bogle, who conceptualized many of the key tenets of the industry in his 1951senior thesis at Princeton University. It is now called the Vanguard 500 Index Fund and is oneof the world's largest mutual funds, with more than $100 billion in assets.

A key factor in mutual-fund growth was the 1975 change in the Internal Revenue Codeallowing individuals to open individual retirement accounts (IRAs). Even people alreadyenrolled in corporate pension plans could contribute a limited amount (at the time, up to$2,000 a year). Mutual funds are now popular in employer-sponsored "defined-contribution"retirement plans such as (401(k) s) and (403(b) s) as well as IRAs including Roth IRAs.

As of October 2007, there are 8,015 mutual funds that belong to the Investment CompanyInstitute (ICI), a national trade association of investment companies in the United States, withcombined assets of $12.356 trillion. In early 2008, the worldwide value of all mutual fundstotaled more than $26 trillion.

USAGE

Mutual funds can invest in many kinds of securities. The most common are cashinstruments, stock, and bonds, but there are hundreds of sub-categories. Stock funds, forinstance, can invest primarily in the shares of a particular industry, such as technology orutilities. These are known as sector funds. Bond funds can vary according to risk

(e.g., high-yield junk bonds or investment-grade corporate bonds), type of issuers(e.g., government agencies, corporations, or municipalities), or maturity of the bonds(short- or long-term). Both stock and bond funds can invest in primarily U.S. securities(domestic funds), both U.S. and foreign securities (global funds), or primarily foreignsecurities (international funds).

Most mutual funds' investment portfolios are continually adjusted under the supervision of aprofessional manager, who forecasts cash flows into and out of the fund by investors, as well


44/90

as the future performance of investments appropriate for the fund and choosesthose which he or she believes will most closely match the fund's statedinvestment objective. A mutual fund is administered under an advisory contract with amanagement company, which may hire or fire fund managers.

Mutual funds are subject to a special set of regulatory, accounting, and tax rules. In the U.S.,

unlike most other types of business entities, they are not taxed on their income as long asthey distribute 90% of it to their shareholders and the funds meet certain diversificationrequirements in the Internal Revenue Code. Also, the type of income they earn is oftenunchanged as it passes through to the shareholders. Mutual fund distributions of tax-freemunicipal bond income are tax-free to the shareholder. Taxable distributions can be eitherordinary income or capital gains, depending on how the fund earned those distributions. Netlosses are not distributed or passed through to fund investors.

Advantages of a MF-:

Mutual Funds provide the benefit of cheap access to expensive stocks Mutual funds diversify the risk of the investor by investing in a basket ofassets A team of professional fund managers manages them with in-depthresearch inputs from investment analysts.

NET ASSET VALUE

The net asset value, or NAV, is the current market value of a fund's holdings, less the fund'sliabilities, usually expressed as a per-share amount. For most funds, the NAV is determineddaily, after the close of trading on some specified financial exchange, but some funds updatetheir NAV multiple times during the trading day. The public offering price, or POP, is the

NAV plus a sales charge. Open-end funds sell shares at the POP and redeem shares at theNAV, and so process orders only after the NAV are determined. Closed-end funds(the shares of which are traded by investors) may trade at a higher or lower price than their

NAV; this is known as apremium ordiscount, respectively. If a fund is divided into multipleclasses of shares, each class will typically have its own NAV, reflecting differences in feesand expenses paid by the different classes.


45/90

Some mutual funds own securities which are not regularly traded on any formal exchange.These may be shares in very small or bankrupt companies; they may be derivatives; or theymay be private investments in unregistered financial instruments (such as stock in a non-

public company). In the absence of a public market for these securities, it is the responsibility

of the fund manager to form an estimate of their value when computing the NAV. How muchof a fund's assets may be invested in such securities is stated in the fund's prospectus.

The performance of equity funds can be measured on the basis of: NAV Growth,Total Return; Total Return with Reinvestment at NAV, Annualized Returns andDistributions, Computing Total Return (Per Share Income and Expenses, Per Share CapitalChanges, Ratios, Shares Outstanding), the Expense Ratio, Portfolio Turnover Rate, Fund Size,Transaction Costs, Cash Flow, Leverage.

Every fund sets its benchmark according to its investment objective. The funds performance ismeasured in comparison with the benchmark. If the fund generates a greater return than the

benchmark then it is said that the fund has outperformed benchmark, if it is equal tobenchmark then the correlation between them is exactly 1. And if in case the return is lowerthan the benchmark then the fund is said to be underperformed.

Risk v/s. return:


46/90

Working of a Mutual fund:

EXPENSES

Mutual funds bear expenses similar to other companies. The fee structure of a mutual fundcan be divided into two or three main components: management fee and non-management


47/90

expense fees. All expenses are expressed as a percentage of the average dailynet assets of the fund.

1) MANAGEMENT FEES-:

The management fee for the fund is usually synonymous with the contractual investmentadvisory fee charged for the management of a fund's investments. However, as many fundcompanies include administrative fees in the advisory fee component, when attempting tocompare the total management expenses of different funds, it is helpful to definemanagement fee as equal to the contractual advisory fee + the contractual administrator fee.This "levels the playing field" when comparing management fee components across multiplefunds.Contractual advisory fees may be structured as "flat-rate" fees, i.e., a single fee charged tothe fund, regardless of the asset size of the fund. However, many funds have contractual feeswhich include breakpoints so that as the value of a fund's assets increases, the advisory fee

paid decreases. Another way in which the advisory fees remain competitive is by structuringthe fee so that it is based on the value of all of the assets of a group or a complex of fundsrather than those of a single fund.

2) NON-MANAGEMENT EXPENSES-:

Apart from the management fee, there are certain non-management expenses which mostfunds must pay. Some of the more significant (in terms of amount) non-managementexpenses are: transfer agent expenses (this is usually the person you get on the other end ofthe phone line when you want to purchase/sell shares of a fund), custodian expense (thefund's assets are kept in custody by a bank which charges a custody fee), legal/audit expense,fund accounting expense, registration expense (the SEC charges a registration fee whenfunds file registration statements with it), board of directors/trustees expense (the membersof the board who oversee the fund are usually paid a fee for their time spent at meetings),and printing and postage expense (incurred when printing and delivering shareholderreports).

3) INVESTOR FEES AND EXPNSES-:

Fees and expenses borne by the investor vary based on the arrangement made with theinvestor's broker. Sales loads (or contingent deferred sales loads (CDSL)) are not included inthe fund's total expense ratio (TER) because they do not pass through the statement ofoperations for the fund. Additionally, funds may charge early redemption fees to discourageinvestors from swapping money into and out of the fund quickly, which may force the fund


48/90

to make bad trades to obtain the necessary liquidity. For example, FidelityDiversified International Fund (FDIVX) charges a 1 percent fee on moneyremoved from the fund in less than 30 days.

4) BROKERAGE COMMISSIONS-:

An additional expense which does not pass through the statement of operations and cannot be controlled by the investor is brokerage commissions. Brokerage commissions areincorporated into the price of the fund and are reported usually 3 months after the fund'sannual report in the statement of additional information. Brokerage commissions are directlyrelated to portfolio turnover (portfolio turnover refers to the number of times the fund'sassets are bought and sold over the course of a year). Usually, higher rate of portfolioturnover returns in higher brokerage commissions. The advisors of mutual fund companiesare required to achieve "best execution" through brokerage arrangements so that thecommissions charged to the fund will not be excessive.

5) Loads-:

Entry Load/Front-End Load (0-2.25%) - its the commission charged at the time of buyingthe fund to cover the cost of selling, processing etc.

Exit Load/Back- End Load (0.25-2.25%) - it is the commission or charged paid when aninvestor exits from a mutual fund, it is imposed to discourage withdrawals. It may reduce to

zero with increase in holding period.


49/90

COMMODITIES TRADING

Trade pundits are betting big bucks on the commodity trade. And many believe that it wouldbe the next big thing for investors. Surely, bigger than the stocks because globally the

commodity trade is about three times the size of equities.

Heres a reality check. The Indian commodity market is estimated to be aroundRs 11,00,000 crore, which includes agricultural commodities (rice, wheat, soya, groundnut,tea, coffee, jute, rubber, spices, cotton, etc), precious metals (gold and silver), base metals(iron ore, aluminum, nickel, lead, zinc, etc) and energy commodities (crude oil and coal).

Commodity trading in India in India a long history. In fact, commodity trading in Indiastarted much before it started in many other countries. However, years of foreign rule,droughts and periods of scarcity and Government policies caused the commodity trading in

India to diminish. Commodity trading was, however, restarted in India recently. Today, apartfrom numerous regional exchanges, India has three national commodity exchanges namely,Multi Commodity Exchange (MCX), National Commodity and Derivatives Exchange(NCDEX) and National Multi-Commodity Exchange (NMCE). The regulatory body isForward Markets Commission (FMC) which was set-up in 1953.

Religare Commodities Limited (RCL) is a registered commodity broker(With the Forward Market Commission) and is a member of the National Commoditiesand Derivative Exchange Limited (NCDEX), Multi Commodity Exchange of India

Limited (MCX) and National Multi Commodity Exchange of India Limited

(NMCE), providing commodity broking services to their retail and wealth spectrumclients.

Globalization of the financial market has led to a manifold increase in investment. Newmarkets have been opened; new instruments have been developed; and new services have

been launched. Besides, a number of opportunities and challenges have also been thrownopen. Online Commodities trading is new as compared to Equity market in India. Mainlythree exchanges are involved in online commodities trading MCX, NCDEX & NMCE.


50/90

Religare enterprises Ltd offers a wide choice of products for investing in the stock market &commodities market. It allows investing in shares, mutual funds and other financial products.With Religare Commodity Limited(RCL) one can manage own de-mat & trading accountindependently.

The depository participant will allow an investor to trade through any broker of his choiceregistered with the commodities exchanges connected with National Commodities andDerivative Exchange Limited (NCDEX), Multi Commodity Exchange of India Limited

(MCX) and National Multi Commodity Exchange of India Limited (NMCE).

Religare commodities Ltd(RCL) customers are more satisfied with the quality services.

Holding securities in electronic form gives some far-reaching advantages to the investors.

INDIAN RUPEE (INR)


51/90

The Indian Rupee is the original official currencyof India. The English translation of "Rupee" is "silver," and the name exists

because it was previously a silver coin. This very fact had severe consequences in the 19thcentury, when the strongest economies in the world were on the gold standard. Thediscovery of vast quantities of silver in the U.S. and various European colonies resulted in adecline in the relative value of silver to gold. Suddenly, the standard currency of India could

not buy as much from the outside world. Such circumstances led to what is now referred toas "the fall of the Rupee."

During the period 1950-1951 until mid-December 1973, India followed an exchange rateregime with the Rupee linked to the Pound Sterling, except for the devaluations in 1966 and1971. When the Pound Sterling floated on June 23, 1972, the Rupee's link to the British unitwas maintained-thus, paralleling the Pound's depreciation and de facto devaluation.

In 1975, the Rupee's ties to the Pound Sterling were disengaged. India established a float

exchange regime, with the Rupee's effective rate placed on a controlled, floating basis andlinked to a "basket of currencies" of India's major trading partners. More recently, the IndianRupee has been depreciating in step formation, but roughly in line with the fall in itsPurchasing Power Parity since the early 1980s. While the PPP was 15 around 1982, theactual exchange rate was 9.30 per US dollar. After the devaluation, the Rupee underwent thechange from a controlled regime to a "Managed" or "Dirty" float regime, where the marketsupposedly determines the exchange rate. In mid 2005, the actual rate was near 43.60. TheReserve Bank of India is the central bank of India, and it controls the issuance of currencythroughout the nation.

MAJOR PLAYERS IN THE REGION

RELIGARE SECURITIES

ICICI DIRECT
http://www.gocurrency.com/countries/india.htmhttp://www.gocurrency.com/countries/india.htmhttp://www.gocurrency.com/countries/india.htmhttp://www.gocurrency.com/countries/india.htm


52/90

INDIA INFOLOINE SECURITY PVT. LTD.

HDFC SECURITIES

INDIA BULLS

KOTAK SECURITIES

RELIANCE MONEY

SHARE KHAN SECURITIES

MOTILAL OSWAL

ANAND RATHI SECURITIES

HEM SECURITIES

ICICI DIRECT


53/90

ICICI Web Trade Limited (IWTL) maintains www.icicidirect.com (hereinafter referred to as website) where as IWTL is an affiliate of ICICI banklimited and the website is owned by ICICI bank limited. IWTL has launched and establishedan online trading service on the website.

Products and services

Investing in mutual funds

Personal finance

Computer services features

IPOs

Margin trading

Margin plus trading

Call trading

Trading on NSE/BSE

INDIA INFOLINE SECURITIES PVT.LTD.

Indiainfoline.com Securities Pvt. Ltd. Is a wholly owned subsidiary of Indiainfoline.com ltd.

And is the stock broking arm of Indiainfoline.com. The subsidiary was formed to complywith regulatory guidelines. www.5paise.com is a focused website of online stock group.IILSPL has applied for trading membership of the BSE under securities and exchange boardof India (stock brokers and sub brokers) rules 1992.

Products offered by India Infoline Securities Pvt. Ltd.

Stock market- IISPL deals in stock market by trading in equity and derivatives.Personal finance- it deals in mutual funds and insurance.Other trading- it provides services in stock and commodity trading (through internet).

HDFC


54/90

HDFC securities are the subsidiary of (housing development financialcorporation). www.hdfcsec.com would have an exclusive discretion to decidethe customers who would be entitled to its online investing services www.hdfcsec.com alsoserves the right to decide on the criteria based on which customers would be chosen to

participate in these services. The present website (www.hdfcsec.com) contains features ofservices that they offer/propose to offer in due course. The launch of new services in

subjected to the clearance of the regulators i.e., SEBI, NSE, BSE.

Products offered by HDFC securities

Online trading for resident and no resident Indians

Cash-n-carry on both NSE and BSE

Day trading on both NSE and BSE

Trade in futures and options on NSE

Online IPOs

Telephone based broking (equity and derivatives)

INDIABULLS

Indiabulls was incorporated as GPF securities Pvt Ltd on June 9, 1995. The name ofcompany was changed to ORBIS securities Pvt Ltd on Dec 15, 1995 to change the profile of

the company and subsequently due to the conversion of the company into a public limitedcompany. The name was further changed to Orbis securities limited on Jan 5, 2004. Thename of the company was again changed to INDIABULLS Securities Ltd on Feb 16, 2004so as to capitalize the brand image of the term INDIABULLS.

Products offered

Equity and debt stock broking, Insurance Commodity trading, Depository service,Derivative broking services, Equity research service, Mutual fund distribution & IPOdistribution

SHAREKHAN SECURITIES


55/90


56/90

Reliance Money, a Reliance Capital company and part of the Reliance Anil DhirubhaiAmbani Group is a comprehensive financial services and solution provider. It is a one-stop-shop, providing end-to-end financial solutions (including mobile and web-based services). Ithas the largest non-banking distribution channel with over 10,000 outlets and 20,000 touch

points spread across 5,165 cities/ towns; catering to the diverse needs of over 3 millionexisting customers.

Reliance Money endeavors to change the way investors transact in financial markets andavails financial services. It provides customers with access to Equity, Equity andCommodity Derivatives, Offshore Investments, Portfolio Management Services,

Wealth Management Services, Investment Banking, Mutual Funds, IPOs, Life and

General Insurance products and Gold Coins. Customers can also avail Loans, Credit

Card, Money Transfer and Money Changing services.

Reliance Capital is one of India's leading and fastest growing private sector financialservices companies, and ranks among the top 3 private sector financial services and bankinggroups, in terms of net worth.

Comparative study

Between Religare & Others Firm


57/90

Table showing charges for Demat a/c-:

Brokerage equity

Name of the firm Intraday

(in paisa)

Delivery

(In paisa)

Branches

(delhi)

Demat

In Rs.

Margin

money

Religare securities 2 20 80 500 5000

Reliance money 0.5 5 50 950 0

Sharekhan

securities

5 25 80 850 10000

Motilaloswal

securities

3 30 50 650 5000

Indiainfoline

securities

3 25 50 805 5000

Icici direct 7.5 75 50 499 5000

Kotak securities 3 30 10 300 5000

Indiabulls 3 30 50 888 0

Anandrathi

securities

3 20 15 736 0

Hem securities 1.5 25 70 660 7000

Angel broking ltd. 2 20 30 760 5000

Comparison between services provided by Religare & Other firms-:


58/90

MARKET SHARE OF COMPANIES


59/90

Comparison of brokerage on intraday

Name of the firm Brokerage (in paisa.)

Religare 2Reliance 0.5Indiabulls 5India Infoline 3Anand Rathi 3HEM 5ICICI Direct 3HDFC 5Angel Broking 5


60/90

Comparison of brokerage on delivery

Name of the firm Brokerage (in paisa.)

Religare

20Reliance 30Indiabulls 50India Infoline 50Anand Rathi 25HEM 25ICICI Direct 30HDFC 30


61/90

Angel Broking 50

Analysis of daily ups and downs in the market

Market as on may 26, 2009


62/90

Index Prev Close Open High Low Last % Change

S&P CNX NIFTY 4241.85 4243.95 4383.75 4243.95 4375.50 3.15

S&P CNX DEFTY 3021.75 3030.80 3145.45 3030.80 3137.10 3.82

S&P CNX 500 3433.15 3464.10 3525.85 3452.10 3521.85 2.58

NIFTY MIDCAP 50 2064.10 2080.90 2117.00 2073.60 2114.45 2.44

CNX NIFTY JUNIOR 7787.50 7867.85 7984.25 7858.00 7972.15 2.37

CNX MIDCAP 5393.50 5416.40 5516.30 5416.40 5511.15 2.18

CNX IT 3462.15 3503.30 3599.95 3462.75 3577.55 3.33

CNX 100 4120.85 4162.10 4251.50 4138.75 4245.95 3.04

BANK NIFTY 7123.00 7182.20 7417.50 7160.00 7398.45 3.87
http://opt/scribd/conversion/tmp/scratch2329/%20javascript:popup('/marketinfo/charting/OnlineIndexChart.jsp?indexname=BANK%20NIFTY%27)http://opt/scribd/conversion/tmp/scratch2329/%20javascript:popup('/marketinfo/charting/OnlineIndexChart.jsp?indexname=CNX%20100%27)http://opt/scribd/conversion/tmp/scratch2329/%20javascript:popup('/marketinfo/charting/OnlineIndexChart.jsp?indexname=CNX%20IT%27)http://opt/scribd/conversion/tmp/scratch2329/%20javascript:popup('/marketinfo/charting/OnlineIndexChart.jsp?indexname=CNX%20MIDCAP%27)http://popup%28%27/marketinfo/charting/OnlineIndexChart.jsp?indexname=CNX%20NIFTY%20JUNIOR%27)http://opt/scribd/conversion/tmp/scratch2329/%20javascript:popup('/marketinfo/charting/OnlineIndexChart.jsp?indexname=NIFTY%20MIDCAP%2050%27)http://opt/scribd/conversion/tmp/scratch2329/%20javascript:popup('/marketinfo/charting/OnlineIndexChart.jsp?indexname=S&P%20CNX%20500%27)http://popup%28%27/marketinfo/charting/OnlineIndexChart.jsp?indexname=S&P%20CNX%20DEFTY%27)http://popup%28%27/marketinfo/charting/OnlineIndexChart.jsp?indexname=S&P%20CNX%20NIFTY%27)


63/90



S&P CNX NIFTY 4375.50 4375.40 4439.95 4350.90 4390.95 0.35

S&P CNX DEFTY 3137.10 3153.25 3198.30 3130.70 3159.05 0.70

S&P CNX 500 3521.85 3534.75 3585.30 3521.10 3555.30 0.95

NIFTY MIDCAP 50 2114.45 2123.70 2149.35 2113.60 2135.55 1.00

CNX NIFTY JUNIOR 7972.15 8006.45 8158.75 7945.75 8092.80 1.51

CNX MIDCAP 5511.15 5537.45 5600.95 5505.30 5571.55 1.10

CNX IT 3577.55 3586.10 3595.00 3504.95 3514.40 -1.77

CNX 100 4245.95 4265.80 4313.15 4231.00 4268.10 0.52

BANK NIFTY 7398.45 7446.45 7626.95 7381.80 7508.60 1.49
http://www.nseindia.com/content/indices/ind_defty.htmhttp://www.nseindia.com/marketinfo/indices/%20/content/indices/ind_cnx500.htmhttp://www.nseindia.com/content/indices/ind_niftymidcap50.htmhttp://www.nseindia.com/content/indices/ind_jrnifty.htmhttp://www.nseindia.com/marketinfo/indices/%20/content/indices/ind_cnxmidcap.htmhttp://www.nseindia.com/marketinfo/indices/%20/content/indices/ind_cnxmidcap.htmhttp://www.nseindia.com/marketinfo/indices/%20/content/indices/ind_cnxit.htmhttp://www.nseindia.com/marketinfo/indices/%20/content/indices/ind_cnx100.htmhttp://www.nseindia.com/marketinfo/indices/%20/content/indices/ind_cnx100.htmhttp://www.nseindia.com/marketinfo/indices/%20/content/indices/ind_cnxbank.htmhttp://opt/scribd/conversion/tmp/scratch2329/%20javascript:popup('/marketinfo/charting/OnlineIndexChart.jsp?indexname=BANK%20NIFTY%27)http://opt/scribd/conversion/tmp/scratch2329/%20javascript:popup('/marketinfo/charting/OnlineIndexChart.jsp?indexname=CNX%20100%27)http://opt/scribd/conversion/tmp/scratch2329/%20javascript:popup('/marketinfo/charting/OnlineIndexChart.jsp?indexname=CNX%20IT%27)http://opt/scribd/conversion/tmp/scratch2329/%20javascript:popup('/marketinfo/charting/OnlineIndexChart.jsp?indexname=CNX%20MIDCAP%27)http://popup%28%27/marketinfo/charting/OnlineIndexChart.jsp?indexname=CNX%20NIFTY%20JUNIOR%27)http://opt/scribd/conversion/tmp/scratch2329/%20javascript:popup('/marketinfo/charting/OnlineIndexChart.jsp?indexname=NIFTY%20MIDCAP%2050%27)http://opt/scribd/conversion/tmp/scratch2329/%20javascript:popup('/marketinfo/charting/OnlineIndexChart.jsp?indexname=S&P%20CNX%20500%27)http://popup%28%27/marketinfo/charting/OnlineIndexChart.jsp?indexname=S&P%20CNX%20DEFTY%27)http://popup%28%27/marketinfo/charting/OnlineIndexChart.jsp?indexname=S&P%20CNX%20NIFTY%27)http://www.nseindia.com/content/indices/ind_defty.htmhttp://www.nseindia.com/marketinfo/indices/%20/content/indices/ind_cnx500.htmhttp://www.nseindia.com/content/indices/ind_niftymidcap50.htmhttp://www.nseindia.com/content/indices/ind_jrnifty.htmhttp://www.nseindia.com/marketinfo/indices/%20/content/indices/ind_cnxmidcap.htmhttp://www.nseindia.com/marketinfo/indices/%20/content/indices/ind_cnxit.htmhttp://www.nseindia.com/marketinfo/indices/%20/content/indices/ind_cnx100.htmhttp://www.nseindia.com/marketinfo/indices/%20/content/indices/ind_cnxbank.htm


64/90



S&P CNX NIFTY 4390.95 4391.50 4426.75 4267.35 4291.10 -2.27

S&P CNX DEFTY 3159.05 3179.35 3205.10 3080.80 3098.55 -1.92

S&P CNX 500 3555.30 3582.45 3586.50 3454.55 3469.70 -2.41

NIFTY MIDCAP 50 2135.55 2144.55 2164.55 2049.15 2060.20 -3.53

CNX NIFTY JUNIOR 8092.80 8112.70 8169.25 7759.55 7794.70 -3.68

CNX MIDCAP 5571.55 5613.70 5633.40 5404.60 5427.25 -2.59

CNX IT 3514.40 3515.05 3552.05 3480.50 3497.65 -0.48

CNX 100 4268.10 4280.65 4300.45 4141.30 4162.25 -2.48

BANK NIFTY 7508.60 7538.65 7577.60 7303.35 7338.85 -2.26
http://opt/scribd/conversion/tmp/scratch2329/%20javascript:popup('/marketinfo/charting/OnlineIndexChart.jsp?indexname=BANK%20NIFTY%27)http://opt/scribd/conversion/tmp/scratch2329/%20javascript:popup('/marketinfo/charting/OnlineIndexChart.jsp?indexname=CNX%20100%27)http://opt/scribd/conversion/tmp/scratch2329/%20javascript:popup('/marketinfo/charting/OnlineIndexChart.jsp?indexname=CNX%20IT%27)http://opt/scribd/conversion/tmp/scratch2329/%20javascript:popup('/marketinfo/charting/OnlineIndexChart.jsp?indexname=CNX%20MIDCAP%27)http://popup%28%27/marketinfo/charting/OnlineIndexChart.jsp?indexname=CNX%20NIFTY%20JUNIOR%27)http://opt/scribd/conversion/tmp/scratch2329/%20javascript:popup('/marketinfo/charting/OnlineIndexChart.jsp?indexname=NIFTY%20MIDCAP%2050%27)http://opt/scribd/conversion/tmp/scratch2329/%20javascript:popup('/marketinfo/charting/OnlineIndexChart.jsp?indexname=S&P%20CNX%20500%27)http://popup%28%27/marketinfo/charting/OnlineIndexChart.jsp?indexname=S&P%20CNX%20DEFTY%27)http://popup%28%27/marketinfo/charting/OnlineIndexChart.jsp?indexname=S&P%20CNX%20NIFTY%27)


65/90


66/90

Market as on June 3, 2009


S&P CNX NIFTY 4348.85 4347.30 4434.45 4298.95 4422.75 1.70

S&P CNX DEFTY 3143.55 3127.15 3205.10 3092.35 3197.00 1.70

S&P CNX 500 3526.70 3498.60 3574.65 3498.60 3564.90 1.08

NIFTY MIDCAP 50 2082.10 2072.15 2118.50 2063.70 2108.90 1.29

CNX NIFTY JUNIOR 7841.45 7811.75 8003.25 7766.70 8000.00 2.02

CNX MIDCAP 5496.00 5468.45 5548.40 5461.90 5533.20 0.68

CNX IT 3534.20 3528.85 3560.75 3481.80 3534.65 0.01

CNX 100 4213.75 4194.55 4295.60 4172.65 4287.30 1.75

BANK NIFTY 7397.95 7344.55 7586.70 7318.45 7564.45 2.25
http://www.nseindia.com/content/indices/ind_nifty.htmhttp://www.nseindia.com/content/indices/ind_defty.htmhttp://www.nseindia.com/marketinfo/indices/%20/content/indices/ind_cnx500.htmhttp://www.nseindia.com/content/indices/ind_niftymidcap50.htmhttp://www.nseindia.com/content/indices/ind_jrnifty.htmhttp://www.nseindia.com/marketinfo/indices/%20/content/indices/ind_cnxmidcap.htmhttp://www.nseindia.com/marketinfo/indices/%20/content/indices/ind_cnxmidcap.htmhttp://www.nseindia.com/marketinfo/indices/%20/content/indices/ind_cnxit.htmhttp://www.nseindia.com/marketinfo/indices/%20/content/indices/ind_cnx100.htmhttp://www.nseindia.com/marketinfo/indices/%20/content/indices/ind_cnx100.htmhttp://www.nseindia.com/marketinfo/indices/%20/content/indices/ind_cnxbank.htmhttp://opt/scribd/conversion/tmp/scratch2329/%20javascript:popup('/marketinfo/charting/OnlineIndexChart.jsp?indexname=BANK%20NIFTY%27)http://opt/scribd/conversion/tmp/scratch2329/%20javascript:popup('/marketinfo/charting/OnlineIndexChart.jsp?indexname=CNX%20100%27)http://opt/scribd/conversion/tmp/scratch2329/%20javascript:popup('/marketinfo/charting/OnlineIndexChart.jsp?indexname=CNX%20IT%27)http://opt/scribd/conversion/tmp/scratch2329/%20javascript:popup('/marketinfo/charting/OnlineIndexChart.jsp?indexname=CNX%20MIDCAP%27)http://popup%28%27/marketinfo/charting/OnlineIndexChart.jsp?indexname=CNX%20NIFTY%20JUNIOR%27)http://opt/scribd/conversion/tmp/scratch2329/%20javascript:popup('/marketinfo/charting/OnlineIndexChart.jsp?indexname=NIFTY%20MIDCAP%2050%27)http://opt/scribd/conversion/tmp/scratch2329/%20javascript:popup('/marketinfo/charting/OnlineIndexChart.jsp?indexname=S&P%20CNX%20500%27)http://popup%28%27/marketinfo/charting/OnlineIndexChart.jsp?indexname=S&P%20CNX%20DEFTY%27)http://popup%28%27/marketinfo/charting/OnlineIndexChart.jsp?indexname=S&P%20CNX%20NIFTY%27)http://www.nseindia.com/content/indices/ind_nifty.htmhttp://www.nseindia.com/content/indices/ind_defty.htmhttp://www.nseindia.com/marketinfo/indices/%20/content/indices/ind_cnx500.htmhttp://www.nseindia.com/content/indices/ind_niftymidcap50.htmhttp://www.nseindia.com/content/indices/ind_jrnifty.htmhttp://www.nseindia.com/marketinfo/indices/%20/content/indices/ind_cnxmidcap.htmhttp://www.nseindia.com/marketinfo/indices/%20/content/indices/ind_cnxit.htmhttp://www.nseindia.com/marketinfo/indices/%20/content/indices/ind_cnx100.htmhttp://www.nseindia.com/marketinfo/indices/%20/content/indices/ind_cnxbank.htm


67/90



S&P CNX NIFTY 4424.25 4429.60 4479.80 4133.70 4165.70 -5.84

S&P CNX DEFTY 3198.20 3205.95 3242.65 2951.55 2976.55 -6.93

S&P CNX 500 3568.05 3583.90 3614.35 3357.95 3374.15 -5.43

NIFTY MIDCAP 50 2113.15 2119.50 2136.15 1976.70 1985.50 -6.04

CNX NIFTY JUNIOR 7992.50 8026.70 8103.90 7446.90 7515.65 -5.97

CNX MIDCAP 5537.45 5574.10 5597.55 5248.90 5271.50 -4.80

CNX IT 3545.30 3547.00 3581.25 3422.65 3430.55 -3.24

CNX 100 4287.95 4295.90 4342.25 4006.80 4036.60 -5.86

BANK NIFTY 7566.05 7566.05 7711.40 6859.90 6946.45 -8.19


68/90



S&P CNX NIFTY 4165.70 4166.00 4231.80 4155.50 4202.15 0.88

S&P CNX DEFTY 2976.55 2986.15 3036.80 2964.55 3000.90 0.82

S&P CNX 500 3374.15 3384.70 3415.45 3341.05 3382.80 0.26

NIFTY MIDCAP 50 1985.50 1991.95 2022.00 1968.50 2013.60 1.42

CNX NIFTY JUNIOR 7515.65 7560.50 7642.20 7469.10 7594.50 1.05

CNX MIDCAP 5271.50 5282.80 5336.45 5225.80 5323.70 0.99

CNX IT 3430.55 3444.65 3475.20 3419.95 3449.00 0.54

CNX 100 4036.60 4061.90 4100.40 4025.55 4073.00 0.90

BANK NIFTY 6946.45 7007.20 7087.45 6873.75 6952.60 0.09


69/90



S&P CNX NIFTY 4202.15 4201.85 4201.85 4061.10 4078.90 -2.93

S&P CNX DEFTY 3000.90 2978.30 2978.30 2882.80 2893.85 -3.57

S&P CNX 500 3382.80 3356.90 3356.90 3265.65 3295.10 -2.59

NIFTY MIDCAP 50 2013.60 2003.85 2003.85 1929.90 1937.00 -3.80

CNX NIFTY JUNIOR 7594.50 7579.25 7579.25 7295.10 7356.65 -3.13

CNX MIDCAP 5323.70 5304.75 5304.75 5142.70 5206.20 -2.21

CNX IT 3449.00 3418.10 3418.10 3320.55 3365.15 -2.43

CNX 100 4073.00 4045.35 4045.35 3933.30 3952.35 -2.96

BANK NIFTY 6952.60 6870.25 6870.25 6619.30 6661.75 -4.18


70/90



S&P CNX NIFTY 4078.90 4078.75 4114.90 4039.85 4080.95 0.05

S&P CNX DEFTY 2893.85 2884.55 2921.45 2855.90 2901.35 0.26

S&P CNX 500 3295.10 3303.05 3329.35 3273.05 3306.05 0.33

NIFTY MIDCAP 50 1937.00 1943.75 1966.00 1918.40 1951.90 0.77

CNX NIFTY JUNIOR 7356.65 7375.75 7445.20 7265.05 7393.20 0.50

CNX MIDCAP 5206.20 5224.50 5279.00 5178.40 5255.60 0.95

CNX IT 3365.15 3360.40 3397.50 3339.40 3374.55 0.28

CNX 100 3952.35 3956.50 3988.10 3913.35 3956.85 0.11

BANK NIFTY 6661.75 6654.70 6747.80 6542.40 6672.75 0.17


71/90



S&P CNX NIFTY 4080.95 4081.40 4129.95 3976.80 4003.90 -1.89

S&P CNX DEFTY 2901.35 2911.20 2938.55 2817.60 2839.40 -2.14

S&P CNX 500 3306.05 3317.65 3338.50 3228.95 3244.90 -1.85

NIFTY MIDCAP 50 1951.90 1950.35 1973.95 1888.25 1904.10 -2.45

CNX NIFTY JUNIOR 7393.20 7379.15 7462.10 7160.15 7208.00 -2.51

CNX MIDCAP 5255.60 5282.30 5301.85 5119.90 5152.25 -1.97

CNX IT 3374.55 3366.95 3507.20 3366.95 3423.60 1.45

CNX 100 3956.85 3957.65 4000.90 3853.90 3878.65 -1.98

BANK NIFTY 6672.75 6673.95 6761.30 6469.00

report on securities market

Documents