Financial Market Operation
Teacher
Ajitav Acharya
Category
Domain Courses
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Course Name : Financial Market Operation
Code(Credit) : CUBC2435
Course Objectives
To provide the student an understanding of the financial market, its different products and operations
Learning Outcomes
- Describe the different components of a financial system and their role.
- Explain the recent developments in the Indian financial system
- Describe the instruments, participants and operation of the money market
- Describe the methods of issuing shares and role of intermediaries in the primary market
- Describe the trading mechanism in the stock market
- List the various speculators and describe the speculative activities
- Describe various types of derivatives.
Course Syllabus
| Unit 1: | Financial System
Meaning and significance; Role of finance in an economy, Components (instruments, markets, etc.); kinds of finance – Rudimentary finance, Direct and Indirect finance; Role of financial intermediaries, the structure of Indian Financial System |
| Unit 2: | Interest Rate Structure
Meaning – Gross and Net interest rate – their difference, Nominal and Real interest rate – their difference, Differential interest rate, Causes of variation of interest rate, relationship between interest rate and economic progress, Administered and Market determined interest rate. Recent changes in interest structure in India |
| Unit 3: | Money Market
Concept, Structure of Indian Money Market, Acceptance Houses, Discount Houses, Call money market, Recent trends of Indian money markets |
| Unit 4: | Capital Market
Concept, Security market, Primary & Secondary markets-Functions & Role, Functionaries of stock exchanges-Brokers, Sub- Brokers, Jobbers, Consultants, Institutional Investors & NRIs |
| Unit 5: | Derivative: Futures & Options, Trading, Clearing & Settlement |
| Unit 6: | Commodity: Clearing, Settlement & Risk Management of Commodity Trading |
| Unit 7: | Mutual Fund Operations: Introduction, Schemes of Mutual Fund, Return & Tax Relief, AMFI, NAV Calculation |
| Unit 8: | Financial Services
Merchant Banking-Functions & Roles, SEBI guidelines, Credit rating-concept & types, Functions & limitations, Profile of Indian Rating Agencies |
| Unit 9: | Investors’ Protection
Grievances concerning Stock Exchange dealings & their removal, Grievance Redressal Cell in Stock Exchanges, Role of The SEBI, Company Law Board, Judiciary |
Books Recommended:
- Meir Kohn, Financial Institution and Market, Oxford University Press. New Delhi.
- Khan, M. Y., Indian Financial System-Theory and Practice, TMH, New Delhi.
- Bhole, L. M., Financial Markets and Institutions, TMH, New Delhi.
- Mukherjee, Ghosh and Roy, Indian Financial System and Financial Market Operations, Dey Book Concern, Kolkata
Session Plan
Session 1
Meaning & Significance of Financial System
Components (Instruments, Markets) of an Economy
Role of Financial Intermediaries
The Structure of Indian Financial System
Session Plan
Session 2
Meaning & Significance of Financial System
Components (Instruments, Markets) of an Economy
Role of Financial Intermediaries
The Structure of Indian Financial System
Session Plan
Session 3
Meaning – Gross and Net Interest Rate, Their Difference
Nominal and Real Interest Rate, Their Difference
Relationship between Interest Rate and Economic Progress
Administered and Market Determined Interest Rate, Recent changes in Interest Structure in India
Session Plan
Session 4
Concept of Money Market
Structure of Indian Money Market
Acceptance Houses, Discount Houses prevailed in Indian Money Market
Concept of Capital Market, Security Market
Primary and Secondary Market, Its functions and Role
Session Plan
Session 5
"Functionaries of Stock Exchanges
Broker, DP Etc."
Sub-Brokers, Jobbers,
Consultants
Session Plan
Session 6
Meaning and Concept of Derivatives
Functions of Derivative Market
Types of Derivatives, Future and Options
Trading, Clearing and Settlement
Session Plan
Session 7
Concept of Commodity Market in context to Indian Economy
Commodity Exchange Houses in India
Clearing & Settlement Procedure
Risk Management of Commodity Trading
Session Plan
Session 8
Introduction, Schemes of Mutual Funds in India
Role of SEBI, Company Law Board (CLB), Judiciary
Case Studies
Case Studies
Our Main Teachers
Ajitav Acharya is working as a faculty at at at Centurion University of Technology and Management, Bhubaneswar. He is having more than 10 years of experience in academics and industry. He is currently pursuing his Ph.D. at Utkal University. He has completed his MBA (Finance and Marketing) from Siksha ‘O’ Anusandhan University, MCom and Bcom […]