A SUMMER TRAINING PROJECT REPORT ON

SHARE BROKING AND COMMODITY WITH REFERENCE TO INDIARA SECURITIES PVT. LTD.
Submitted in partial fulfillment of the requirement For the award of degree Of
MASTER OF BUSINESS ADMINISTRATION SESSION (2012-2013)
SUBMITTED TO: Mrs. Madhulika Gupta Assistant Professor SUBMITTED BY:Ankit Gupta MBA 3rd Semester Roll No. 11021016

IFTM UNIVERSITY, MORADABAD

ACKNOWLEDGEMENT

It is my pleasure to be indebted to various people, who directly or indirectly contributed in the development of this work and who influenced my thinking, behavior, and acts during the course of study. I express my sincere gratitude to Mrs. Manjula Jain (Director, School of Business Management) for providing me an opportunity to undergo summer training at Indira Securities Pvt. Ltd. I am thankful to Mr. Avinash Gupta (Branch Manager, Indira Securities Pvt. Ltd.) for his support, cooperation, and motivation provided to me during the training for constant inspiration, presence and blessings. I also extend my sincere appreciation to Mrs. Madhulika Dutta (Assistant Professor, School of Business Management) who provided his valuable suggestions and precious time in accomplishing my project report. Lastly, I would like to thank the almighty and my parents for their moral support and my friends with whom I shared my day-to-day experience and received lots of suggestions that improved my quality of work.

(Ankit Gupta)

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CERTIFICATE OF ORIGINALITY

I ________________________________Roll No.___________________________ a full time bonafide student of first year of Master of Business Administration (MBA) Programme of IFTM University, Moradabad. I hereby certify that this project work carried out by me at ________________________________________________and the report submitted in partial fulfillment of the requirements of the programme is an original work of mine under the guidance of the industry mentor

_________________________ and faculty mentor ___________________________, and is not based or reproduced from any existing work of any other person or on any earlier work undertaken at any other time or for any other purpose, and has not been submitted anywhere else at any time.

( Date:__________________

( Date:__________________

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CERTIFICATE OF THE COMPANY

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EXECUTIVE SUMMARY
The project work is pursued as a part of MBA summer training at IFTM University, Moradabad. It is undertaken as a traineeship at Indira Securities Pvt. Ltd.. The project is done under expert supervision and guidance of Mr. Avinash Gupta (Sales Manager, Indira Securities Pvt. Ltd.) A good broker system must be able to cope with an extremely complex and dynamic environment. The microstructure of the stock market in which brokers work is highly dynamic and volatile. Many stocks are available to be bought and sold, each exhibiting its own patterns and characteristics that are highly unpredictable. With so many options and considerations that need to be taken into account, it is an extremely arduous task for a broker to investigate aspects of the stock market and consistently provide effective advice to their clients. Thus, brokers perform their day-to-day tasks with the aid of a broker system. Such a system should provide tools for interacting with exchanges and performing analysis. As a consequence, these broker systems are quite large and complicated by themselves This research aims is to analysis Stock broker on the basis of their services, products, growth, and their subsidiaries. Because Stockbrokers are one of the main participants in stock exchanges worldwide, they often act as an agent for their clients, making trades on their behalf. They also act as advisors, providing suggestions to their clients on what stocks to buy and sell. Our endeavor is to find out the status of commodity Derivatives as they stand in the overall economical, social and demographic picture of our system. The impact in economical system is very much obvious and beyond any dispute as commodities are themselves economical propositions. But commodities are also subject matter of our social fabrication. Any society comprises of two set of people: Traders and farmers. Commodities are affecting the lives of both set of people. Their business practices and strategies are rapidly changing and commodity market is very much influencing it. We have studied that impact. It is noteworthy that the new world economic order is of convergence. All sectors, economies and trades are being interlinked. Whether we like it or not, our businesses are no more ours.

Entire world economy is involved into it. The same applies to commodities. Whether one participates into it or keeps himself aloof, he, in no ways can escape its effects. However, it has to be kept in mind that as an asset class and even as a tool of risk minimization (for Traders, Farmers and businesses); it is a very new and nascent proposition in India. Even though Commodity futures have their long history in this country, periodical bans and derogatory government policies have hindered their prospects to develop as a tool for hedgers (risk minimization), leave alone the matter of their development as an investment avenue. Their primary goal of true price discovery is also much waited.

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TABLE OF CONTENTS
Chapter No. Chapter Name
Acknowledgement Certificate of Originality Certificate from Company Executive Summary

Page No.
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Chapter 1 Chapter 2 Chapter 3 Chapter 4 Chapter 5 Chapter 6 Chapter 7 Chapter 8 Chapter 8 Chapter 9 Chapter 10 Chapter 11

INTRODUCTION COMPANY PROFILE OBJECTIVE OF STUDY SCOPE AND RATIONALE OF THE STUDY REVIEW OF LITERATURE RESEARCH METHODOLOGY DATA ANALYSIS AND INTERPRETATIONS RESULTS AND FINDINGS DISCUSSIONS CONCLUSIONS LIMITATIONS OF THE STUDY SUGGESTIONS AND RECOMMENDATIONS BIBLIOGRAPHY ANNEXURE: o ANNEXURE I QUESTIONNAIRE

1 25 44 46 48 52 55 68 70 72 74 76 ---

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