COVER
STORY
Short
Selling: Sebis New Move
- - Arindam Banerjee
Sebi is back in action; this time to boost
market liquidity. The capital market regulator
is proposing to allow short selling of securities
to institutional investors, like FIIs and mutual
funds. This article discusses the details of the
latest working paper on short selling.
©
2006 IUP . All Rights Reserved
IPO
IPOs:
Time to Rethink
- - B Sravana Kumar
The
recent IPO scams reveal the fraudulent ways in
which one can manipulate the demat account. As
in the past, retail investors have been the losers.
This is the right time for Sebi to become proactive
in preventing unhealthy practices in the market.
©
2006 IUP . All Rights Reserved
IPO
IPO
Pricing: Myth or Reality
- - Sanjeev Kumar
Since
its inception, the book-building process has emerged
as the most efficient and practical way of price
discovery, but evidences from IPOs in 2004 and
2005 present a different picture, which this article
investigates.
©
2006 IUP . All Rights Reserved.
CAPITAL
MARKETS
Do
Penny Stocks Make Money?
- - Dibyendu Dutta
During
the bull rally in 2005, Indian bourses created
new records on a regular basis. But market regulators
kept a watchful eye on penny stock tradings. The
problems of investing in penny stocks came into
light when Sebi came down heavily on these stocks.
This article discusses the issue of penny stocks.
©
2006 IUP . All Rights Reserved
MUTUAL
FUNDS
Mutual
Funds: A Prospering Reality
- - Divya Nigam
A
growing mutual fund industry is a symbol of a
strong financial system. The Indian mutual fund
industry has come a long way in the last few years.
The last year witnessed a booming Indian mutual
fund industry. This article provides a brief commentary
on its growth.
©
2006 IUP . All Rights Reserved
MUTUAL
FUNDS
Mutual
Fund Performance Measurement: A Closer Look
- - Bijan Roy
Measuring
mutual fund performance is a tricky affair. There
are several models to measure. Among them, asset
pricing model is the most appropriate to measure
a mutual funds performance. This article probes
into the concerned topic.
©
2006 IUP . All Rights Reserved
REGULATORY
ENVIRONMENT
Revitalizing
Clause 49
- - Vinay Kumar M P M
The
Securities and Exchange Board of India (Sebi)
has taken several measures for strict adherence
to corporate governance in Indian corporate houses.
Steps have already been taken regarding promoters
holding, and now it has taken up the issue of
independent directors.
©
2006 IUP . All Rights Reserved
DERIVATIVES
Analysis
of Long Straddle Option Strategy
- - Shraddhesh Doshi, Malay Mehta
One
of the efficient option strategies used by investors
is the straddle strategy. This article discusses
the same in depth.
©
2006 IUP . All Rights Reserved
DERIVATIVE
DESK
Derivative
Alerts on Recent Expiry (DARE)
- - Aalap Rashmikant Shah
The
first expiry for the calendar year 2006 started
on December 30, 2005. The expiry date for these
contracts was January 25, 2006. The number of
trading days was 18 as compared to an average
of 21 trading sessions of all expiries till now.
Nifty touched an all-time high of 2927 on January
9, 2006, before tanking down to 2783 on January
18, 2006. The fall was of 144 points (approximately
5%). Like any fall in a bull market, it was steep
and sharp.
©
2006 IUP . All Rights Reserved
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