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Security Market Indices and Multi Commodity Exchange

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Security Market Indices and Multi Commodity Exchange Delhi College Of Arts and Commerce University of Delhi Subject- INVESTING IN STOCK MARKET ( E- Resources) Course- BCom (Prog) Sem IV-C DATE – 22nd April 2020 Unit 1- Investing fundamentals Topic done already- Meaning of investing Nature of investing Difference between Investment and Speculation Process of investment Risk and return in context of financial investment Concept of risk return trade off in investment Concepts of IPO and FPO and difference between them Equity and bonds Types of debentures (Part A and B) Meaning, functions and Categories of financial market Segments of capital market- Primary Market and Secondary Market Market participants in Primary Market Market participants in Secondary Market BSE and NSE Sources of financial information Stock exchange- Meaning and Functions Topic for today- Security market indices and Multi Commodity Exchange Multi Commodity Exchange Type Public Traded as BSE: 534091 Industry Commodity Exchange Founded 10 Nov. 2003 Headquarters Mumbai, India Key people Saurabh Chandra (Chairman) Products Commodity Derivatives Website www.mcxindia.com Multi Commodity Exchange of India Ltd (MCX) (BSE: 534091) is an independent commodity exchange based in India. It was established in 2003 and is based in Mumbai. It is India's largest commodity derivatives exchange where the clearance and settlements of the exchange happen and the turnover of the exchange for the quarter ended September 2018 was 1.78 billion rupees. MCX offers options trading in gold and futures trading in non-ferrous metals, bullion, energy, and a number of agricultural commodities (mentha oil, cardamom, crude palm oil, cotton, and others). In 2016, MCX was seventh among the global commodity exchanges in terms of the number of futures contracts trade, the latest yearly data from Futures Industry Association (FIA) showed. In 2017 MCX partnered with Thomson Reuters to develop India’s first co-branded commodity index series, the iCOMDEX. iCOMDEX series consists of iCOMDEX Composite, iCOMDEX Base Metals, iCOMDEX Bullion, iCOMDEX Gold, iCOMDEX Copper and iCOMDEX Crude Oil. Recently, the exchange has set up a web-based application "ComRIS" (Commodity Receipts Information System) in order to maintain an electronic record of commodities deposited at the Exchange accredited warehouses and ensure flow of real time information from the warehouses. In February 2012, MCX had come out with a public issue of 6,427,378 Equity Shares of Rs. 10 face value in the price band of Rs. 860 to Rs. 1032 per equity share to raise around $134 million. It was the first-ever IPO by an Indian exchange and made MCX India’s only publicly listed exchange. From 28 September 2015, MCX is being regulated by the Securities and Exchange Board of India (SEBI). Earlier MCX was regulated by the Forward Markets Commission (FMC), which got merged with the SEBI on 28 September 2015. Multi-Commodity Exchange appointed of Mrugank Paranjape as MD & CEO of the exchange on 29 February 2016 for a period of three years. Mrugank Paranjape has earlier working with Deutsche Bank for the last 14 years. Last he was heading DB Center of the bank.[1] Commodities traded include - Metal - Aluminium, Aluminium Mini, Copper, Copper Mini, Lead, Lead Mini, Nickel, Nickel Mini, Zinc, Zinc Mini, Brass(futures) Bullion - Gold, Gold Mini, Gold Guinea, Gold Petal, Gold Petal ( New Delhi), Gold Global, Silver, Silver Mini, Silver Micro, Silver 1000. Agro Commodities - Cardamom, Cotton, Crude Palm Oil, Kapas, Mentha Oil, Castor seed, RBD Palmolien, Black Pepper. Energy - Crude Oil Crude Oil Mini, Natural Gas. What are Stock Market Indices ? Stock market indices is a procedure of measuring certain stocks. They are used to measure the performance of the certain portfolios.The prime use of the indices is to understand the trends of the market. How Stock Market Indices are Generated A stock indices is created by choosing a group of certain stocks. These stocks are able to represent the entire stock market’s trends. They may also represent a specify segment like mutual funds. The changes in the price movements are related to the base period. Their performance shows how the overall market economy or a particular industry is. Benefits of Stock Market Indices In stock indices, proper weights are given to the stocks as per their economic importance. The stock market indices are like a barometer of the market. They help the investors to identify the broad trends of the market. Investors use them before allocating the funds among the stocks. The technical analysis uses these indices to forecast the market trends. A general trend of the economy is displayed by the stock indices. Thus, indices act as a guide for the investors. Indian Stock Market Indices Stocks are sold and bought in Indian stock market as a group. The mix of various stocks has a number of indexes. These are used to benchmark the performance in terms of the economy. The groups are on the basis of the segment or industry. It can also be on the basis of the company size or some other. To make it clear, BSE 500 is an index of 500 stocks. Here we have listed some major stock market indices of Indian stock market. 1. BSE Sensex 2. NSE Nifty 3. CNX IT 4. CND Nifty 5. BSE Bankex 6. C&P CNX 500 7. Nifty 50 8. There are broader indices like BSE 500. The values of these grouped stocks form the basis for calculation of the stock index values. Any up or down in the price of the indices impact the index value. Importance of Stock Market Indices Due to many reasons, indices are important. Their ability to reflect the market scenario make them special. The major factors of the stock market indices will self-explain their importance. 1. Segmentation Indices segment the stocks of different companies based on different factors. These give an instant sorting to the investors. Just Imagine, how you would search for them in the absence of indices. 2. Comparative Data A comparative study is easier with indices. Investors can compare certain kind of stocks against another group. This gives company wise or industry wise trends. You will know stocks of which industry are flaring better. Similarly, you will now the trend of the small sized companies. Or the performance of the giant corporate. 3. Reflection Market Trends The stock market indices show the position of the whole market or a certain segment. The BSE Sensex and the NSE Nifty are the benchmark indices. They represent the overall market scenario or performance. For example IT stock indices represent the market performance of the stocks of IT companies. Stock Indices Calculation Methods Stock indices are calculated using two different methods. The one is a calculation on the basis of market-cap weight age. Second is on the basis of price weight age. Market-cap weight age is the total market value of a stock. It is multiplied by the total number of the shares of the company. This is also known as market capitalization. This calculation changes with the price and number of shares of a company. Price weight age method calculates the company’s stock price only. In this case, the stocks with the higher value or price have a higher weight age. Based on the segmentation in the indices, many investors decide their portfolio. Due to indices, invests reduce their cost of research. They are able to decide their investments easily. Indices also construct ETFs and mutual funds. NOTE: In case of difficulty in understanding of any topic, students can freely contact the undersigned. Subject taught by: Ms. Karishma Khurana (Assistant Professor, DCAC ) # 9711101731 .
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