In India there are two stock exchange markets i.e. Bombay Stock Exchange and National Stock Exchange.
1.Bombay Stock Exchange (BSE)
- 3000+ Companies Listed
- Index is known as SENSEX
- Index is calculated on “BSE30”
- “BSE 30” means Top 30Company under BSE
- Founded in 1980
- Example: Reliance Industries Ltd., Oil and Natural Gas Corporation Ltd., etc.
- Timing : Monday to Friday : 9:15 to 3:30
.
2.National Stock Exchange (NSE)
- 5000+ Companies Listed
- Index is Known as NIFTY
- Index is calculated on “NSE 50”
- “NSE 50” means Top 50 Company under NSE
- Founded in 1996
- Bharat Petroleum Corporation, Oil and Natural Gas Corporation Ltd.,etc.
- Timing : Monday to Friday : 9:15 to 3:30
.
Role of SEBI
Security Exchange Board of India (SEBI) handles the securities and Commodity markets decisions owned by the Government of India. It was established in 12 April 1988.
- Power to regulate stock exchange.
- Power to control stock exchange.
- Power to declare applicability of section 17 of the securities contract (Regulation) Act 1956, in any state or area, to grant licenses to dealers in the securities.
- Power to direct enquiries to be made in relation to affairs of stock exchange.
- Power to compel listing of securities by public companies.
- SEBI fixed the time of trading 9:15 am to 3:30pm, Monday to Friday in stock market.
- To stop fraud in Capital Market.
Functions of SEBI:
- Setting Rule for stock exchange.
- Taking care of Investor.
- Audit to companies if fraud found.
- Observe trader, broker and sub broker.
- Observe movement of company.
What is DEMAT ACCOUNT?
Demat Account is an Account to Hold/ Store the shares of company in Digital Format. One account can hold various investments like shares, commodities, mutual funds in digital format.
Types of Demat Account:
Regular Demat Account:
- Single: Use only single holder.
- Joint: It is generally used for family member.(Sharing the Stock)
Repatriable Demat Account:
Repatriable account is useful to the Non-Resident Indians as it allows fund transfers abroad. It requires an associated NRE bank account.
Non-Repatriable Demat Account:
Non-Repatriable account, too, is for the Non-Resident Indians. However, in this case, funds cannot be trandferred abroad, and this account requires an associated NRO bank account.
Types of Brokers:
Zerodha sherekhan
Motilal Oswal Angle Broking,
Upstock Samco, eddles wise,etc.
Bank with Broker’s:
ICICI Securities, Axis Securities,
HDFC Securities, etc.
Set up for Trade:
Trading Account:
Trading Account for buying and selling of shares with any SEBI registered Broker or Sub Broker.
Demat Account:
Demat Account for hold and transfer of shares with any authorized depositary participant of NSDL/CDSL (PAN).
Saving Account:
Saving Account is for to Pay and Receive funds (Our Bank Account).
Documents’ requirements for opening DEMAT Account:
Offline & Online
- Passport size photo
- PAN Card
- Aadhar Card
- Cancel Cheque with name print on cheque / 6 Month Bank Statement.
- Email & Mobile Number( Bank Attached)