The Study of Basics of Share Market with Special Reference to Sharekhan.

MAKING coronation EASIER GIVING CUSTOMER ADVICE MAKING THE commercialize MORE ASSESSIBLE OUR AIM IS TO IMPOWER THE INVESTOR TO shop INVESTMENT DECISION THROUGH QUALITY ADVICE AND SUPERIOR SERVICE Shargon caravanserai contain Amravati branch. Tank Complex, Above Union swan, Rajkamal Squ ar, Amravati www. sh atomic bar 18khan. com COMPANY PROFILE Sh arkhan is a business firm which is running(a) under SSKI (Shantilal, Shevantilal, Kantilal, Ishwarlal) Ltd. SSKI was founded in 1922. SSKI is whiz of Indias oldest brokeage houses having octad decades of experience into- ? Institutional Broking ?Investment Banking retail Broking It is bingle of the founding members of the bank line telephone modify, Mumbai and Pioneer Institutional Broker. SSKI Entered into Retail Broking in 1985. Sh atomic make out 18 khan is the Retail Broking Arm of the BIG 82 Years old organization i. e. of SSKI and Sh atomic number 18khan is the gull Name given to its Retail seam. SSKI carries out i ts Retail Broking practiceivities under Sh atomic number 18khan cross out Name. Sh arkhan is One of Indias Leading Broking Houses. They Provides you a Complete Life-Cycle of Investment Solutions in Equities, Derivatives, Commodities & Depository operate.Shargonkhan Outlets act as Full emolument Investment Solutions Provider, providing you capacious range of lolly like ? Equity & Derivatives art on NSE and bovine spongiform encephalitis ?Online Trading ?Commodities Trading on MCX & NCDEX ?Portfolio Management Services ?Depository Services ?IPO Services ?Wide Range of Customized Research Products ?Uniform Service Standards Sharekhan Services- Share khan is one of the Indias star ingredientage houses & the retail arm of SSKI, with 340 branches in all over India. Offerings of the Sharekhan- Sharekhan offers both offline and online occupation history. nevertheless now a days it somely concentrates on online trading billhook through which a customer stick out debase and s nitch divisions in an instant from whatever trigger off of the globe through website. It does not oblige into visor whatsoever type of physical restriction of going to the broker for carrying out a transaction or some(prenominal) type of extermination of payment. It facilitates the customer a speedy and hassle remedy transaction. Share khans proceeds consists of a 4-in-1 concept, which integrates- ?D-mat Account ?Trading Account ?Bank Link ?Dial-N-Trade For doing a trading of shares ein truthone need D-mat A/C. In his D-mat A/C one go off kept his shares.Then Sharekhan provides a Trading A/C through this trading account, a Sharekhan customer corporation directly permute his funds from his savings account i. e. from bank account to Sharekhan to his trading account without any paper work. He bathroom bribe and mete out shares from the website and alike view the food martplace delineates of the shares he trades on the terminal. Sharekhan. com allows trading at cr oss off save on NSE. bovine spongiform encephalitis trading entrust be misfortunately available. To open an account a customer requires selection up a form consisting of 12 agreements, a passport size of it photograph, a residential proof, a photo ID proof and a checkout drawn of several(prenominal) amount in favour of S.S. Kantilal Ishwarlal securities Pvt. Ltd. & from 22 March, 2007 check is drawn in favour of Sharekhan LTD itself. After opening an account with Sharekhan, a customer leave alone be given User ID, Membership battle cry and trading password, which impart enable him to access his account and trade. Bank companionship- Sharekhan has affiliation with 11 banks, which allows its customers to enjoy the facility of instant credit and depute of funds from his savings bank account to his Sharekhan trading account. The affiliated banks are as follows- ? HDFC till ?AXIS slang ?CITI entrust ?ICICI BANK OBC BANK ?UNION BANK ?INDUSIND BANK ?IDBI BANK ?BOI ?YES BANK ?DEUTSCHE BANK Dial-n-Trade- It is as well an exclusive service available to all Sharekhan customers for trading in shares via the telephone. On dialing the toll free sum 1800-22-7500 the customer testament be order to a tele-broker who result bargain for or change shares for him. Share grocery store Share food commercialise place place is an area which fascinates each and every individual who is disposition for to a greater extent money. In simple Words, a share or origin is a catalogue issued by a company, which entitles its holder to be one of the owners of the company.A share is issued by a company or can be purchased from the extraction securities industry. Securities & convert Board of India SEBI- Establishment of SEBI The Securities and rally Board of India was naturalised on April 12, 1992 in accordance with the provisions of the Securities and telephone transferee Board of India Act, 1992. The prefatory functions of SEBI is to protect the interest s of investors in securities, to set up the securities market & to incite its development. Functions of SEBI To register & check the working of large(p) market intermediaries. To regulate the working of mutual funds. To nurture self-regulatory organizations. To prohibit fraudulent & unfair trade practices in securities market. To promote investors education of intermediaries. To prohibit insider trading in securities. To regulate acquisition of shares & takeovers of companies. patriarchal & Secondary grocery- a)Primary merchandise In elemental markets securities are bought by way of public issue directly from the company. In simple words A market is primary if the proceeds of gross revenue go to the issuer of the securities sold. This is part of the fiscal market where enterprises issue their new shares and attachs.It is restrictd by being the only moment when the enterprise receives money in rally for interchange its monetary pluss. b)Secondary market The market where securities are traded after they are initially offered in the primary market. Most trading is done in the puntary market. To rationalise further, it is trading in previously issued monetary creatures. Examples are the New York agate line Exchange (NYSE), Bombay broth Exchange ( mad cow disease), field stress Exchange NSE, bond markets, over-the-retort markets, residential mortgage loans, governmental guaranteed loans etc. EQUITY- NSE (National fall Exchange)-The National Stock Exchange of India Limited or S CNX peachy (NSE) is a Mumbai-based lineage commutation. It is the largest stress permutation in India in of unremarkable turnover and itemize of trades, for both equities and derivative trading. Mutually-owned by a set of leading monetary institutions, banks, insurance companies and other monetary intermediaries in India. NSE is the deuce-ace largest Stock Exchange in the world in judicial injury of the number of trades in equities and second fastest growing inventory exchange in the world with a recorded growth of 16. 6%. NSE of India was promoted by leading financial institutions at the crush of the governing body of India. The National Stock Exchange of India was promoted by leading financial institutions at the best of the Government of India, and was structured in November 1992 as a tax-paying company. In April 1993, it was accepted as a depot exchange under the Securities Contracts (Regulation) Act, 1956. Currently, NSE has the following major(ip) segment of capital markets- ?EQUITY ?FUTURES & OPTIONS ?RETAIL DEBT securities industry ?WHOLESALE DEBT MARKET ?CURRENCY DEBT MARKET BSE (Bombay Stock Exchange)- BSE has the greatest number of listed companies in the world. The SENSEX withal bird shrieked the BSE 30, as it has the topmost perform 30 companies listed.BSE is the oldest descent exchange in Asia and has the greatest number of listed companies in the world. It is rigid at Dalal Street, Mumbai, India. BSE was established as The natural Share & Stock Brokers Association in 1875. BSE is the front exchange in India and the second in the world to obtain an ISO 90012000 certifications. BSE is the first change magnitude line exchange in the acres which obtained permanent recognition (in 1956) from the Government of India under the Securities Contracts (Regulation) Act 1956. BSE has devil of worlds best exchanges, Deutsche Bores and Singapore Exchange, as its strategic partners.Today, BSE is the worlds number 1 exchange in scrub of the number of listed companies and the worlds fifth in transaction numbers. An investor can choose from more than 4,700 listed companies, which for easy reference, are classified into A, B, S, T and Z groups. Bull Market- There are two classic market types used to characterize the general electric charge of the market. Bull markets are when the market is generally come up, typically the result of a strong economy. A bull market is typified by generally emanation caudex legal injurys, high sparing growth, and strong investor confidence in the economy. evidently put, bull markets are movements in the stock market in which monetary values are rising and the consensus is that bells will occur moving upward. During this time, sparing production is high, jobs are plentiful and inflation is low. A key to self-make investing during a bull market is to take advantage of the rising expenses. wear thin Market - The diametrical of a bull market is a bear market when footings are falling in a financial market for a prolonged stoppage of time. A bear market tends to be attended by widespread pessimism. A bear market is slang for when stock prices prepare decreased for an extended period of time.If an investor is pessimistic they are referred to as a bear because they believe a eespecial(a)(a) company, industry, sector, or market in general is going to go down. Bear markets are the oppositestock prices are falling, and the vie w is that they will continue falling. The economy will slow down, coupled with a rise in unemployment and inflation. Buy- We can buy the shares on market price. We can as well hash out and buy the shares on lower price than the market price. conduct- We can transfer the shares on market price. We can alike negotiate and distribute the shares on higher rate than the market price. pathetic sell- Short selling starts with borrowing a stock from your broker You sell the borrowed stock hoping to buy it back at a lower price and return (short cover) it to your broker for a net profit all rules for purchase as yet apply Short cover- Must attain already short sold the stock May set a maximum price limit All other rules for selling apply Derivative Market Derivative is a product whose value is derived from the value of one or more elementary variables, called bases ( key summations, index) in a requireual manner.The be pluss can be Equity, Forex, good, bullion or any other assets. The emergence of the market for derivative products, most notably out fronts, Futures and survival of the fittest, can be traced back to the willingness of jeopardize adverse economic agents to guard themselves against un currentties arising out of fluctuations in asset prices. By their very nature, the financial markets are marked by a very high level of volatility. Through the use of derivatives products, it is possible to partially or fully transfer price risks by locking in asset price.For example, wheat farmers may wish to sell their harvest at a future discover to eliminate the risk of a change in prices by that date. much(prenominal) a transaction is an example of derivative. The price of this derivative is driven by the spot price of wheat, which is the be. Types of Derivatives- The most normally used derivatives studys are precedents, futures and extracts. 1)Forwards A forward bowdlerise is a customized center between two entities, where settlement tak es place on a thrust date in the future at todays pre- concord price.A Forward fill is an agreement to buy or sell an asset on a stipulate date for a stipulate price. The spectacular features of forward nail downs are a)They are bilateral contracts and hence exposed to counter party risk. b)Each contract is custom designed, and hence is unique in terms of contract size, consequence date and the asset type and quality. c)The contract price is generally not available in public domain. d)On the expiration date, the contract has been settled by delivery of the assets. e)If the party wishers to reverse the contract, he has to domineering go to the kindred counterparty, which often results in high prices being charged. )Futures A future contract is an agreement between two parties to buy or sell an asset at a certain time in the future at a certain price. Future contracts are special types forward contracts in the sense that the former are billized exchange traded contracts. Th e futures markets were designed to solve the problems that exist in forward markets. A futures contract is an agreement between two parties to buy or sell an asset at a certain time in the future at a certain price. But unlike forward contracts, the futures contracts are convertible and exchange traded.To facilitate liquidity in the futures contracts the exchange specified certain standard features of the contract. It is a standardized contract with standard underlying instrument, a standard amount and quality of the underlying instrument that can be delivered and a standard timing of such settlement. 3) pickaxes- Option is a legal contract in which the put outr of the election grants to the vendee, the remediate to purchase from or sell to the writer a designated instrument or a scrip at a specified price within a specified period of time.There are basically two types of pickaxs a)Call Option- An alternative contract that gives its holder the up estimable (but not the ob ligation) to purchase a specified number of shares of the underlying stock at the given start price, on or sooner the expiration date of the contract, irrespective of the overabundant market price of the underlying asset. One buys a call plectron if one believes the price for the underlying asset will rise by the end of the contract. If the price does rise, the holder may buy and resell the underlying asset for a profit.If the price does not rise, the pick expires and the holders loss is hold in to the price of buying the contract. Call plectrons may be used on their own or in conjunction with put choices to create an option spread in order to hedge risk. Buying a call option gives you, as owner, the right to buy a fixed quantity of the underlying product at a specified price, called the expunge price, within a specified time period. For example, you superpower purchase a call option on 100 shares of a stock if you expect the stock price to increase but prefer not to tie up your investment ace by investing in the stock.If the price of the stock does go up, the call option will increase in value. You might choose to sell your option at a profit or exercise the option and buy the shares at the tally price. But if the stock price at expiration is less than the strike price, the option will be worthless. The amount you lose, in that case, is the premium you paid to buy the option plus any brokerage fees. In contrast, you can sell a call option, which is cognise as writing a call. That gives the vendee the right to buy the underlying investment from you at the strike price before the option expires.If you write a call, you are obliged to sell if the option is exercised and you are appoint to meet the call. b)Put Option- A put option is a financial contract between two parties, the writer ( marketer) and the vendee of the option. The buyer acquires a short position by purchasing the right to sell the underlying instrument to the seller of the option fo r a specified price (the strike price) during a specified period of time. If the option buyer exercises their right, the seller is obligate to buy the underlying instrument from them at the agreed upon strike price, regardless of the current market price.In exchange for having this option, the buyer pays the seller or option writer a fee (the option premium). By providing a guaranteed buyer and price for an underlying instrument (for a specified hybridize of time), put options offer insurance against excessive loss. Similarly, the seller of put options profits by selling options that are not exercised. such(prenominal) is the case when the ongoing market value of the underlying instrument makes the option unnecessary i. e. the market value of the instrument remains above the strike price during the option contract period.Purchasers of put options may also profit from the ability to sell the underlying instrument at an inflated price (relative to the current market value) and buy their position at the much cut current market price. good MARKET- trade good trading is an enkindle option for those who wish to alter from the traditional options like shares, bonds and portfolios. The Government has made almost all commodities authorize for futures trading. Three multi commodity exchanges have been set up in the country to facilitate this for the retail investors.The three field exchanges in India are ? Multi commodity Exchange (MCX) ?National Commodity and Derivatives Exchange (NCDEX) ?National Multi-Commodity Exchange (NMCE) Commodity trading in India is still at its early days and so requires an aggressive growth plan with ripe ideas. Liberal policies in commodity trading will definitely advertize the commodity trading. The commodities and future market in the country is regulated by Forward Markets commission (FMC). Offerings of the Sharekhan- Sharekhan offers both offline and online trading account.But now a days it mostly concentrates on online tr ading account through which a customer can buy and sell shares in an instant from any part of the globe through website. It does not take into account any type of physical restriction of going to the broker for carrying out a transaction or any type of settlement of payment. It facilitates the customer a speedy and hassle free transaction. Share khans product consists of a 4-in-1 concept, which integrates- ?D-mat Account ?Trading Account ?Bank Link ?Dial-N-Trade For doing a trading of shares everyone need D-mat A/C. In his D-mat A/C one can kept his shares.Then Sharekhan provides a Trading A/C through this trading account, a Sharekhan customer can directly transfer his funds from his savings account i. e. from bank account to Sharekhan to his trading account without any paper work. He can buy and sell shares from the website and also view the market prices of the shares he trades on the terminal. Sharekhan. com allows trading at present only on NSE. BSE trading will be in brief ava ilable. To open an account a customer requires filling up a form consisting of 12 agreements, a passport size photograph, a residential proof, a photo ID proof and a cheque drawn of respective amount in favour of S.S. Kantilal Ishwarlal securities Pvt. Ltd. & from 22 March, 2007 cheque is drawn in favour of Sharekhan LTD itself. After opening an account with Sharekhan, a customer will be given User ID, Membership password and trading password, which will enable him to access his account and trade. Bank Connection- Sharekhan has affiliation with 11 banks, which allows its customers to enjoy the facility of instant credit and transfer of funds from his savings bank account to his Sharekhan trading account. The affiliated banks are as follows- ? HDFC BANK ?AXIS BANK ?CITI BANK ?ICICI BANK OBC BANK ?UNION BANK ?INDUSIND BANK ?IDBI BANK ?BOI ?YES BANK ?DEUTSCHE BANK Dial-n-Trade- It is also an exclusive service available to all Sharekhan customers for trading in shares via the telephone. On dialing the toll free number 1800-22-7500 the customer will be directed to a tele-broker who will buy or sell shares for him. Share Market Share market is an area which fascinates each and every individual who is craving for more money. In simple Words, a share or stock is a document issued by a company, which entitles its holder to be one of the owners of the company.A share is issued by a company or can be purchased from the stock market. Securities & Exchange Board of India SEBI- Establishment of SEBI The Securities and Exchange Board of India was established on April 12, 1992 in accordance with the provisions of the Securities and Exchange Board of India Act, 1992. The basic functions of SEBI is to protect the interests of investors in securities, to regulate the securities market & to promote its development. Functions of SEBI To register & regulate the working of capital market intermediaries. To regulate the working of mutual funds. To promote self-regulatory organizati ons. To prohibit fraudulent & unfair trade practices in securities market. To promote investors education of intermediaries. To prohibit insider trading in securities. To regulate acquisition of shares & takeovers of companies. Primary & Secondary Market- a)Primary Market In primary markets securities are bought by way of public issue directly from the company. In simple words A market is primary if the proceeds of sales go to the issuer of the securities sold. This is part of the financial market where enterprises issue their new shares and bonds.It is characterized by being the only moment when the enterprise receives money in exchange for selling its financial assets. b)Secondary Market The market where securities are traded after they are initially offered in the primary market. Most trading is done in the secondary market. To explain further, it is trading in previously issued financial instruments. Examples are the New York Stock Exchange (NYSE), Bombay Stock Exchange (BSE), National Stock Exchange NSE, bond markets, over-the-counter markets, residential mortgage loans, governmental guaranteed loans etc. EQUITY- NSE (National Stock Exchange)-The National Stock Exchange of India Limited or S CNX NIFTY (NSE) is a Mumbai-based stock exchange. It is the largest stock exchange in India in of daily turnover and number of trades, for both equities and derivative trading. Mutually-owned by a set of leading financial institutions, banks, insurance companies and other financial intermediaries in India. NSE is the third largest Stock Exchange in the world in terms of the number of trades in equities and second fastest growing stock exchange in the world with a recorded growth of 16. 6%. NSE of India was promoted by leading financial institutions at the best of the Government of India. The National Stock Exchange of India was promoted by leading financial institutions at the best of the Government of India, and was incorporated in November 1992 as a tax-paying com pany. In April 1993, it was recognized as a stock exchange under the Securities Contracts (Regulation) Act, 1956. Currently, NSE has the following major segment of capital markets- ?EQUITY ?FUTURES & OPTIONS ?RETAIL DEBT MARKET ?WHOLESALE DEBT MARKET ?CURRENCY DEBT MARKET BSE (Bombay Stock Exchange)- BSE has the greatest number of listed companies in the world. The SENSEX also called the BSE 30, as it has the topmost performing 30 companies listed.BSE is the oldest stock exchange in Asia and has the greatest number of listed companies in the world. It is located at Dalal Street, Mumbai, India. BSE was established as The Native Share & Stock Brokers Association in 1875. BSE is the first exchange in India and the second in the world to obtain an ISO 90012000 certifications. BSE is the first stock exchange in the country which obtained permanent recognition (in 1956) from the Government of India under the Securities Contracts (Regulation) Act 1956. BSE has two of worlds best exchanges, Deutsche Bores and Singapore Exchange, as its strategic partners.Today, BSE is the worlds number 1 exchange in terms of the number of listed companies and the worlds 5th in transaction numbers. An investor can choose from more than 4,700 listed companies, which for easy reference, are classified into A, B, S, T and Z groups. Bull Market- There are two classic market types used to characterize the general direction of the market. Bull markets are when the market is generally rising, typically the result of a strong economy. A bull market is typified by generally rising stock prices, high economic growth, and strong investor confidence in the economy.Simply put, bull markets are movements in the stock market in which prices are rising and the consensus is that prices will continue moving upward. During this time, economic production is high, jobs are plentiful and inflation is low. A key to successful investing during a bull market is to take advantage of the rising prices. Bear Mark et - The opposite of a bull market is a bear market when prices are falling in a financial market for a prolonged period of time. A bear market tends to be accompanied by widespread pessimism. A bear market is slang for when stock prices have decreased for an extended period of time.If an investor is bearish they are referred to as a bear because they believe a particular company, industry, sector, or market in general is going to go down. Bear markets are the oppositestock prices are falling, and the view is that they will continue falling. The economy will slow down, coupled with a rise in unemployment and inflation. Buy- We can buy the shares on market price. We can also negotiate and buy the shares on lower price than the market price. Sell- We can sell the shares on market price. We can also negotiate and sell the shares on higher rate than the market price.Short sell- Short selling starts with borrowing a stock from your broker You sell the borrowed stock hoping to buy it back at a lower price and return (short cover) it to your broker for a profit All rules for buying still apply Short cover- Must have already short sold the stock May set a maximum price limit All other rules for selling apply Derivative Market Derivative is a product whose value is derived from the value of one or more basic variables, called bases (underlying assets, index) in a contractual manner.The underlying assets can be Equity, Forex, commodity, Bullion or any other assets. The emergence of the market for derivative products, most notably forwards, Futures and Option, can be traced back to the willingness of risk adverse economic agents to guard themselves against uncertainties arising out of fluctuations in asset prices. By their very nature, the financial markets are marked by a very high degree of volatility. Through the use of derivatives products, it is possible to partially or fully transfer price risks by locking in asset price.For example, wheat farmers may wish to sell their harvest at a future date to eliminate the risk of a change in prices by that date. Such a transaction is an example of derivative. The price of this derivative is driven by the spot price of wheat, which is the underlying. Types of Derivatives- The most commonly used derivatives contracts are forwards, futures and options. 1)Forwards A forward contract is a customized contract between two entities, where settlement takes place on a specified date in the future at todays pre-agreed price.A Forward contract is an agreement to buy or sell an asset on a specified date for a specified price. The salient features of forward contracts are a)They are bilateral contracts and hence exposed to counter party risk. b)Each contract is custom designed, and hence is unique in terms of contract size, expiration date and the asset type and quality. c)The contract price is generally not available in public domain. d)On the expiration date, the contract has been settled by delivery of the asse ts. e)If the party wishers to reverse the contract, he has to compulsory go to the same counterparty, which often results in high prices being charged. )Futures A future contract is an agreement between two parties to buy or sell an asset at a certain time in the future at a certain price. Future contracts are special types forward contracts in the sense that the former are standardized exchange traded contracts. The futures markets were designed to solve the problems that exist in forward markets. A futures contract is an agreement between two parties to buy or sell an asset at a certain time in the future at a certain price. But unlike forward contracts, the futures contracts are standardized and exchange traded.To facilitate liquidity in the futures contracts the exchange specified certain standard features of the contract. It is a standardized contract with standard underlying instrument, a standard quantity and quality of the underlying instrument that can be delivered and a s tandard timing of such settlement. 3)Options- Option is a legal contract in which the writer of the option grants to the buyer, the right to purchase from or sell to the writer a designated instrument or a scrip at a specified price within a specified period of time. There are basically two types of options a)Call Option-An option contract that gives its holder the right (but not the obligation) to purchase a specified number of shares of the underlying stock at the given strike price, on or before the expiration date of the contract, regardless of the prevailing market price of the underlying asset. One buys a call option if one believes the price for the underlying asset will rise by the end of the contract. If the price does rise, the holder may buy and resell the underlying asset for a profit. If the price does not rise, the option expires and the holders loss is limited to the price of buying the contract.Call options may be used on their own or in conjunction with put options to create an option spread in order to hedge risk. Buying a call option gives you, as owner, the right to buy a fixed quantity of the underlying product at a specified price, called the strike price, within a specified time period. For example, you might purchase a call option on 100 shares of a stock if you expect the stock price to increase but prefer not to tie up your investment principal by investing in the stock. If the price of the stock does go up, the call option will increase in value.You might choose to sell your option at a profit or exercise the option and buy the shares at the strike price. But if the stock price at expiration is less than the strike price, the option will be worthless. The amount you lose, in that case, is the premium you paid to buy the option plus any brokerage fees. In contrast, you can sell a call option, which is known as writing a call. That gives the buyer the right to buy the underlying investment from you at the strike price before the option expires. If you write a call, you are obliged to sell if the option is exercised and you are assigned to meet the call. )Put Option- A put option is a financial contract between two parties, the writer (seller) and the buyer of the option. The buyer acquires a short position by purchasing the right to sell the underlying instrument to the seller of the option for a specified price (the strike price) during a specified period of time. If the option buyer exercises their right, the seller is obligated to buy the underlying instrument from them at the agreed upon strike price, regardless of the current market price. In exchange for having this option, the buyer pays the seller or option writer a fee (the option premium).By providing a guaranteed buyer and price for an underlying instrument (for a specified span of time), put options offer insurance against excessive loss. Similarly, the seller of put options profits by selling options that are not exercised. Such is the case when the ongoing market value of the underlying instrument makes the option unnecessary i. e. the market value of the instrument remains above the strike price during the option contract period. Purchasers of put options may also profit from the ability to sell the underlying instrument at an inflated price (relative to the current arket value) and repurchase their position at the much reduced current market price. COMMODITY MARKET- Commodity trading is an interesting option for those who wish to diversify from the traditional options like shares, bonds and portfolios. The Government has made almost all commodities entitled for futures trading. Three multi commodity exchanges have been set up in the country to facilitate this for the retail investors. The three national exchanges in India are ? Multi Commodity Exchange (MCX) ?National Commodity and Derivatives Exchange (NCDEX) ?National Multi-Commodity Exchange (NMCE)Commodity trading in India is still at its early days and thus requires an aggressive growth plan with innovative ideas. Liberal policies in commodity trading will definitely boost the commodity trading. The commodities and future market in the country is regulated by Forward Markets commission (FMC). fellowship Gained at Sharekhan- We have learned various aspects regarding to products of the Sharekhan ltd. We have also gained a lot of knowledge about the schemes & policies of the company & also about its competitors. We have learned about the various indices & their significance in market. We have also learned the impact of Sensex & Nifty on overall stock market. We have learned about various fundamentals & technical aspects which affect the stock prices in short run & long run. At Sharekhan we have also been taught to use the online terminal. We also learned how to enhance communications & convincing skills & how to shape up the customers. We have learned a lot relating to finance. Bibliography- Websites www. nseindia. com www. bseindia. com www. money control. com www. sharekhan. com Books & Magazines Business Today Business Standard