WORLDVIEW
Sub-Primetime
-- Ali Mohammad Anwer
We
all know by now what the North American markets
are struggling with the Subprime Mortgage crisis.
Mortgages given in a cut-throat competitive
market are coming back to haunt the debt, stock
and forex markets.
© 2007 IUP . All Rights
Reserved
COVER
STORY
Changing
Dynamics of Stock Trading
-- Jayanta Kumar Seal
Stock trading in India has moved from floor-based
to online trading. The article focuses on the
factors that have changed the stock trading
in India. The origin of the Indian securities
market can be dated back to 1875, when 22 enterprising
brokers under banyan trees in front of the Mumbai's
Town Hall established the Bombay Stock Exchange
(BSE). Over the last 130 years, the Indian securities
market has evolved continuously and today it
is regarded as one of the most dynamic, modern
and efficient securities market.
© 2007 IUP . All Rights
Reserved
CAPITAL
MARKETS
Insights
into the Demutualization of Stock Exchanges
-- JN Dhankhar
The
article features the problems faced by Indian
exchanges in demutualization and the reasons
behind the slow pace. By separating ownership
and trading rights and creating a good corporate
governance structure demutualization of stock
exchanges would help them to enter the capital
market, to meet their requirements of finance.
Thus, the demutualization is a process of separating
a stock exchange from a "non-profit" entity
to a "for profit" entity.
© 2007 IUP . All Rights
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CAPITAL
MARKETS
LSE
: The Demutualization Drive
-- Arindam Banerjee
Among
the major stock exchanges that have demutualized,
the London Stock Exchange (LSE) provides a classic
model of a successful demutualized entity. This
article looks at certain key factors that compel
an exchange to demutualize.
© 2007 IUP . All Rights
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DERIVATIVES
Derivatives
: How to Hedge?
-- Sumeet Gupta
Derivatives
are generally used to hedge risk. They are used
for speculation purpose. The article tells how
significantly they can be used to hedge risk.
Derivatives are gaining importance due to increased
volatility in the Capital Market and the Foreign
Exchange market. The Stock Index Futures and
options were introduced in 1982. Since then
financial futures have spread to various developed
and emerging markets. Those are recognized as
the best and most cost-efficient way of risk
hedging in certain types of commercial and financial
operations.
© 2007 IUP . All Rights
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CORPORATE
GOVERNANCE
Stakeholders'
Wellness
-- Sumita Bhattacharya
The
article deals with the corporate governance
and throws light on Clause 49, the structure
of corporate governance in India. Although numerous
specialists have described corporate governance
in numerous ways, its broader concept relates
to the relationship among various participants
in an organization, namely- corporate managers,
directors, shareholders, employees, customers,
suppliers and creditors.
© 2007 IUP . All Rights
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INDUSTRY
ANALYSIS
IT
Stocks : Catch Them Young
-- Som Deo and Suneel Sharma
This
article focuses on sector-specific analysis
of various new and old IT companies listed on
the Indian stock exchanges. There is a buz among
equity gurus as well as investors about the
Sebi's move to make (Initial Public Offering)
IPO grading mandatory for all companies in their
offer documents. The issue emerged during tightening
of the real estate IPOs through disclosure norms.
Grading of IPOs was introduced earlier as an
optional measure by the Securities and Exchange
Board of India (Sebi) as part of its initiatives
to protect investors' interests.
© 2007 IUP . All Rights
Reserved
CASE
STUDY
Mutual
Fund Investments : A Primer
-- M Bashyakar and Mohandas J Menon
This
article highlights some of the key aspects of
a mutual fund investment. Retail investors feel
confused by the plethora of mutual fund schemes
on offer. The article attempts to create awareness
about MFs among the investors.
© 2007 IUP . All Rights
Reserved
