thinks to understand for financial_research

May 28th, 2015
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The equity brokerage industry in India is one of the oldest in the Asia region. India had an active stock market for about 150 years that played a significant role in developing risk markets as also promoting enterprise and supporting the growth of industry. Historical records show that as early as 1864, there were about 1,000 brokers with the stock markets functioning from three places in Mumbai; between 9 am to 7 pm at the junction of Meadows Street and Rampart Row. Reports on stock markets around that time indicate that an ordinary broker in 1864 earned about Rs 200 per day, a huge sum in those days. The boom period came to an abrupt end in 1865. In Jul 1865, what was then used to be called the share mania ended with burst of the stock market bubble. A group of about 300 brokers formed the stock exchange in Jul 1875, which led to the formation of a trust in 1887 known as the “Native Share and Stock Brokers Association

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FINANCIAL PLANPresented by:Shakthisankaran K.SSneha K.STEAM NAME:INTANGIBLESINTRODUCTION The equity brokerage industry in India is one of the oldest in the Asia region. Indiahad an active stock market for about 150 years that played a significant role indeveloping risk markets as also promoting enterprise and supporting the growth ofindustry. Historical records show that as early as 1864, there were about 1,000 brokers withthe stock markets functioning from three places in Mumbai; between 9 am to 7 pmat the junction of Meadows Street and Rampart Row. Reports on stock markets around that time indicate that an ordinary broker in 1864earned about Rs 200 per day, a huge sum in those days. The boom period came to an abrupt end in 1865. In Jul 1865, what was then used tobe called the share mania ended with burst of the stock market bubble. A group of about 300 brokers formed the stock exchange in Jul 1875, which led tothe formation of a trust in 1887 known as the Native Share and Stock BrokersAssociationBeginning of a new equity culture A new phase in the Indian stock markets began in the 1970s, with the introductionof Foreign Exchange Regulation Act (FERA) that led to divestment of foreignequity by the multinational companies, which created a surge in retail investing. The early 1980s witnessed another surge in stock markets when major companiessuch as Reliance accessed equity markets for resource mobilisation that evincedhuge

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