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YOGESH NAMDEO INGLE.MBA (FINANCE), NET (MANAGEMENT), Ph.D (WIP), G.D.C &A, NCMP.
1
Financial markets meet various needs of different entities:
Government Issuing companies Investors Economy
Capital Market
YOGESH NAMDEO INGLE.MBA (FINANCE), NET (MANAGEMENT), Ph.D (WIP), G.D.C &A, NCMP.
2
Introduction To Capital Market
Equity capital Debt capitalPreference Capital
Capital Market
YOGESH NAMDEO INGLE.MBA (FINANCE), NET (MANAGEMENT), Ph.D (WIP), G.D.C &A, NCMP.
3
CAPITAL MARKET SEGMENTS
Primary MarketSecondary Market
Capital Market
YOGESH NAMDEO INGLE.MBA (FINANCE), NET (MANAGEMENT), Ph.D (WIP), G.D.C &A, NCMP.
4
PRIMARY MARKET
Channel for sale of new securities. Issuance is done either through
public issues or private placement. When a company makes a public
issue of its equity shares for the first time, it is called an initial public offer (IPO). Subsequent issues are follow-on public offers (FPO).
Capital Market
YOGESH NAMDEO INGLE.MBA (FINANCE), NET (MANAGEMENT), Ph.D (WIP), G.D.C &A, NCMP.
5
SECONDARY MARKET
Securities are traded after being initially offered to the public in the primary market and/or listed on the Stock Exchange.
Capital Market
YOGESH NAMDEO INGLE.MBA (FINANCE), NET (MANAGEMENT), Ph.D (WIP), G.D.C &A, NCMP.
6
MONEY MARKET
Debt, which is repayable within a short time period of 1 year, is called money market.
The inter-bank money market for very short tenors of 1 to 3 days is called call money market.
Slightly longer money market for tenors of 4 to 15 days is called notice money market.
Capital Market
YOGESH NAMDEO INGLE.MBA (FINANCE), NET (MANAGEMENT), Ph.D (WIP), G.D.C &A, NCMP.
7
Treasury Bills RBI issues T-Bills for three different
maturities: 91 days, 182 days and 364 days.
Secondary market.
Certificate of Deposit (CD) Unsecured debt securities Issued by banks (Up to 1 year
maturity) or financial institutions (1 to 3 years maturity).
Capital Market
YOGESH NAMDEO INGLE.MBA (FINANCE), NET (MANAGEMENT), Ph.D (WIP), G.D.C &A, NCMP.
8
Commercial Paper (CP) Companies and financial institutions
issue these unsecured debt securities.
For 1-day to 270 days maturity.
Capital Market
YOGESH NAMDEO INGLE.MBA (FINANCE), NET (MANAGEMENT), Ph.D (WIP), G.D.C &A, NCMP.
9
Derivatives
Derivative is a contract that derives its value from the value of an underlying.
ForwardsFuturesOptionsSwaps
Capital Market
YOGESH NAMDEO INGLE.MBA (FINANCE), NET (MANAGEMENT), Ph.D (WIP), G.D.C &A, NCMP.
10
Help yourself
Adv fin
Capital Market
YOGESH NAMDEO INGLE.MBA (FINANCE), NET (MANAGEMENT), Ph.D (WIP), G.D.C &A, NCMP.
11Capital Market