Project Modifications.docx

CONTENTS

CHAPTER NO CHAPTER-I

TITLE

PAGE NO

INTRODUCTION  Introduction  Need for the study  Scope of the study  Objectives of the study  Methodology of the study  Limitations of the study

CHAPTER-II

PROFILE OF BROKING INDUSTRY IN INDIA

CHAPTER-III

PROFILE OF INDIABULLS

CHAPTER-IV

THEORETICAL FRAMEWORK OF CURRENCY FUTURE MARKETS

CHAPTER-V

DATA ANALYSIS AND INTERPRETATION

CHAPTER-VI

FINDINGS, SUGGESTIONS & CONCLUSIONS

BIBLIOGRAPHY

ANNEXURE

Indiabulls Securities Ltd : Board of Directors S.No

Name

Designation

1

Brig.Labh Singh Sitara

Director

2

Mr.Karan Singh

Director

3

Mr.Ashok Sharma

Director

4

Mr.Aishwarya Katoch

Director

5

Mr.Prem Prakash Mirdha

Director

6

Mr.Divyesh B Shah

Director

Indiabulls Securities Ltd. : Key Executives

S.No Name

Designation

1

Mr.Divyesh B Shah

Chief Executive Officer

2

Mr.R K Agarwal

Company Secretary & Compliance Officer

Figure- II

THEORITICAL FRAME WORK Introduction to the Foreign Exchange market Foreign Exchange: The foreign exchange (currency or forex or FX) market exists wherever one currency is traded for another. It is by far the largest market in the world, in terms of cash value traded, and includes trading between large banks, central banks, currency speculators, multinational corporations, governments, and other financial markets and institutions. The trade happening in the forex markets across the globe exceeds $3.2 trillion/day (on an average) presently. Retail traders (small speculators) are a small part of this market. A foreign exchange transaction is still a shift of funds or short-term financial claims from one country and currency to another. History: The history and evolution of the Foreign Exchange may be traced back to the early stages of human history. In the early days the goods were exchanged between individuals and the value of one good was expressed in terms of other goods. The limitations of this barter system encouraged traders to use other mediums such as stones, teeth etc. to determine the value of goods. These mediums soon to be replaced by precious metals in particular silver and gold thus providing an accepted way of payment in exchange of goods. It also had the many advantages such as storage and durability. The introduction of Roman gold coin followed by the silver one played a key role in the development of the trade and foreign exchange during the biblical times. Both coins gained a wide acceptance in Middle East and other parts of the world forming an elementary international monetary system. By the middle Ages, increased usage of bills encouraged the foreign exchange to become a function of international banking. However with the attempts of governments to create a more stable economic environment for global trading and exchange, the last century witnessed some measures and events that shaped the current foreign exchange markets.

Findings 1. USA and Briton are among the top Exporter and importer and one Asian country Japan is considered as a top place for trading.

1. Exporter and importers use Dollar as main currency in Payment and Remittance. From our analysis it is shown that 30.55% traders use Dollar in their payment and remittance system and pound is used by 29.45% of traders

3. Speculation, swap and Arbitrage are less consider by the traders because it includes more risk as compare to hedging techniques.

4.Stock Futures are Most Preferred For Investing In derivatives are high returns.

5.Main Factors that led to growth of derivatives are high returns.

Suggestions 1. The company can conduct seminars to promote their services along with educating them about the products they offer. Initially they can start off with existing demat account holders.

2. The company has to create and maintain a database of prospective customers from time to time, to keep track of the people falling in different income levels and their investing patterns. This is possible if continuous contacts are maintained with the customers.

3. The awareness about derivatives among investors should be increased by conducting various awareness and educational programs.

4. The company can think of tapping the existing demat account holders and provide them enough information on derivatives and enable them to trade in the same. This will help the company to increase its earnings of brokerage income.

BIBLIOGRAPHY Books: 1. Primary Securities Markets, Anthony H. Aylward, Jack D. Glen, Cross Country Findings 2. Foundations of Financial Markets and Institutions, Fabozzi, Pearson Education India 3. Promoting access to primary equity markets, Felice Betsy Friedman, Claire Grose 4. Madhumathi.R, “Investment Analysis and Portfolio Management” Pearson Pvt Lt., 5. Preeti Singh, “Security Analysis and Portfolio Management”, 17th Revised Edition, Himalayas Publications. 6. Reily Brown, “Analysis of Investments and Management of Portfolios”, 10th Edition, Cleanage Learning Publishers

A STUDY ON CURRENCY FUTURE MARKETS AT INDIAN BULLS A project report in partial fulfillment for the award of the degree of MASTER OF BUSINESS ADMINISTRATION Submitted by

K. Vani Regd.No: 17JR1E0016 MBA 2017-2019 Under the Guidance of

Dr. V Ch Purna Chandra Rao m.com,mba,ph.d

Associate.Professor

Department of Management Studies, KKR & KSR Institute of Technology & Sciences, Vinjanampadu, Guntur-522 017 Submitted to

JAWAHARLAL NEHRU TECHNOLOGICAL UNIVERSITY KAKINADA, KAKINADA - 533 003, ANDHRA PRADESH, INDIA 2017-19