Muthoot ₹4,000cr IPO — Gold loan expansion — Are You Ready?

What are Farm Bills?

On September 27, India's President gave consent to three farm bills herein listed below:

Farmer's Produce Trade and Commerce (Promotion and Facilitation) Bill, 2020

As per this bill, farmers can enter into a written agreement for a specified period of time with companies and companies can customize the price, standard, and quality for the produce and other legalities in advance.

Farmer's (Empowerment and Protection) Agreement of Price Assurance and Farm Services Bill, 2020

The new Marketplace law says that farmers can sell their produce anywhere – and not just in the APMC approved marketplace or mandis, they can sell it into not only their state but outside their state even online. Whereas state governments are prohibited from levying any market fee, cess, or levy outside APMC or Mandi areas.

The Essential Commodities (Amendment) Bill, 2020

This Act mainly controls and deals with the production, supply, and distribution of certain essential commodities. Companies and Supermarkets etc cannot accumulate the items listed in this act when there is a shortage and they can’t artificially increase the price.

Why Are Farmers Protesting?

The Farmers of UP, Haryana, and Punjab are upset with these bills and fear that this may be an excuse to pull off the MSP safety net from under their feet.

What is MSP?

MSP stands for Minimum Support Price, It is the price lay down by the government to purchase crops from the farmers, whatever may be the market price for the crops. It is a significant part of India's agricultural price policy that assures the farmers about agricultural income before the sowing. MSP protects the farmers against excessive fall in price during bumper production years

Further State like Haryana & Punjab has vested interest of reduction in their state earnings as state governments are prohibited from levying any market fee, cess, or levy outside APMC or Mandi areas.

Haryana levies 2% Mandi Tax that goes to Mandi Board & 2% Rural Development cess that goes to state govt. whereas in Punjab it is 3% Mandi Tax and 3% rural development cess. Punjab is a smaller state and that earns Rs. 1700 crore in a year through rural development cess & Mandi tax. Besides this 2.5% commission agent also take home 2.% of the sale price.

So. these are some controversies on Farm Bills, Now let's see what comes out on round table conference between Farmer Unions and Centre.

Source:

https://www.indianeconomy.net/splclassroom/what-is-minimum-support-price/

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The Bitter Truth of the Indian education system is that it has completely side-lined capital markets as a subject altogether. The knowledge is not integrated, it is not taught as a life-skill and furthermore, the educational institutions lack the much-needed regulations. This one of the reasons why most of the students are not conscious of the prominent and elite career opportunities present in the scope of the stock markets.

In the recent decade, a shortage of trained professionals in the financial market has prompted the need for specialized professionals in various verticals ranging from stock traders to venture capital analysts.

It is good to see many enthusiastic and young people from other professions are interested in checking their luck in the Stock Market. However, specific precautionary steps are necessary before considering Trading as a full-time profession even if you have decent success as a Trader as the Market situations always change. Besides, I have noticed people attracted to the luxuries available in Trading, and sometimes they plan to jump to Full-time trading to avoid the problems in their current profession.

In India, many young adults refrain themselves from any investing decisions until their financial situation becomes, at least theoretically, more stable and therefore, a small chunk of the population is exposed to the equity investment compared to other developing countries, and we see immense opportunities lying out there in the stock market considering the phenomenal growth in the last decade or so.

Stock Market Represents Health of Any Economy

As the stock market is one of the key barometers that represent the health of any economy, the growth story of India coupled with the current low rate of penetration in the stock market suggests that there will be increased demand for professionals in this sector.

For people who are interested in making a career in the stock markets, the opportunities are plentiful. For instance, one could work with a buy-side firm such as a mutual fund, hedge fund, pension fund etc., or with a sell-side firm such as a broker, an advisory firm, an investment bank etc.

Apart from the diversity of companies that employ people willing to work in the stock market, the positions for which these companies hire is also just as diverse. For instance, companies hire for the position of a Fundamental Analyst, Technical Analyst, Risk Analyst, Derivatives Analyst, Investment Banker, Mutual Fund Manager, Hedge Fund Manager, Wealth Manager, Economist, Financial Planner, Trader, Dealer, Systems Developer etc. The list simply goes on such as the diversity of working in the stock market.

On the education front, there are a lot of finance-related courses that one could pursue to make a career in the stock market. The internationally recognized ones the Chartered Financial Analyst (CFA) program, the Financial Risk Manager (FRM) program, the Chartered Market Technician (CMT) program, the Chartered Alternative Investment Analyst (CAIA) program, the Certified Financial Planner (CFP) program, Master of Finance, Master of Business Administration with specialization in Finance, etc. Pursuing one or more of these courses opens the door for entering the highly competitive world of stock markets.

Besides these courses, there are a lot of short-term courses that are available in India, such as the ones conducted by the NSE and the BSE. NISM certifications are considered to be the standard in the field of trading and investments. They are recognized by the exchange and many of them are mandatory for market participants.

Commerce degrees such as B.COM, BBA/BBM, MBA, PGDF, PGDM etc. have little to no emphasis on stock markets, trading or investing as a subject. These courses are considered to be a standard, and many undergraduates go on to pursue an MBA hoping for a value-add in terms of their employability, but in real terms, it adds little to no value in terms of the knowledge offered. However, there are a handful of institutes that are good.

However, there is a tendency among most aspirants to complete as many degrees as possible to become more employable. Beyond a point, degrees and certificates don’t matter. Hence, it’s best not to focus too much on the theoretical aspect of finance but rather on the practicality which can only be earned with years of experience.

Financial Markets have grown tremendously in the past decade in terms of participants and volumes but a proper education and training system in this industry is still missing.

Trading in the stock market always seems very easy when explained in a theoretical manner, but is it so?

And the answer is no before we start stock trading in the market we should make it very clear how it can be done.

Before anyone enters into the stock market must clear with this few terms which can help them later on.

Secondary Market:-

Its a market place where already-issued securities trade in an electronic manner from one trader/investor to another trader/investor, via electronic transaction. All the transaction takes place on the Stock Exchange, a place where trader & investors purchase & sell listed securities like Shares Debentures & ETF.

Hierarchy of Stock Market:-

The market run in a hierarchy which makes its function smooth, easy to understand & handle.

Securities Exchange Board of India:- Acting as a regulatory body manages the smooth functioning of the market.

Stock Exchange:- A platform where one can do trading in financial securities via electronic mode, major exchanges are NSE BSE & MSEI.

Depository:- An institution registered under depositories Act 1996 for holding, receiving and transferring securities in electronic form.

Broker:- As defined by SEBI an Intermediary who provide a platform to investors & traders to trade on an exchange.

Client:- A client can be defined as any individual Resident / NRI, group of person, Any Financial Institution Foreign / Domestic.

How can you Trade in the Stock Market

The basic requirement for an individual to trade in the stock market is a Demat & Trading Account. Which is opened with a broker who provides us with a platform to trade on stock exchanges.

As a trader or investor, you are having to option to trade In the market you can do online trading as well as offline, In the online process, you can directly access through web portal or application through mobile or laptop, whereas in Offline you need to make a call to the authorized dealer in the brokerage firm and the dealer will submit the order on your behalf.

Daily purchase and sale of shares in the market are termed as Intraday Trading, Whereas Purchasing & holding shares for long tenure is termed as delivery trading.

The market actually runs in two trends Bull phase and Bear Phase, when the market goes on high with positive demand & supply is Bull run, whereas when there are less demand and supply is more the market runs in Bear Phase.

Roaring Bull market hits new highs for a fourth Consecutive Week

We are in a roaring bull market where the Indian market ended with gains for the fifth consecutive week while it was the fourth consecutive week when Nifty/Sensex hits fresh all-time highs. Nifty knocked the high of 13280 whereas Sensex touched the high of 45148 both ended with a gain of more than 2%.

There was gain across the board because all sectors or pockets end on a positive note where the metal index shines with a splendid gain of 8%.

What data are you suggesting?

FIIs are at the driver's seat of this bull run as they again bought around 10,205 cr in the cash market in the last week while DIIs are in the mood of selling where they sold around approximately 6090cr.

On the derivative front, FIIs long exposure in index future stands at 77% vs last week of 82%, but it is still a little elevated level while Put-Call ratio (PCR) is placed at 1.57 mark which is a comfortable mark.

What do technical charts say?

Nifty is in strong bullish momentum where 13000-12950 is an immediate and strong demand zone. We can talk of any kind of profit booking only below this zone while 13450/13600 is the next target level in the upside.

If we talk about the Banknifty then it is trading near the supply zone of 30000-30200 where if it manages to trade above this level then we can expect another leg of the rally towards the 31000-31500 zone while on the downside, 29000 is an immediate and critical support level, below this, we can expect any serious profit booking.

What are the factors to watch out for next week?

• FII's behavior: The key driver of the current rally is FIIs' inflows therefore their behaviour will remain a key factor for the market direction.
• Global market: The direction of the global market will continue to have an impact on our market as we are in a global bull market.
• Updates related to vaccines and new covid19 cases will have an impact on the market.
• Macroeconomic data: On the domestic front, we will have our IIP and CPI data on Friday which can create some kind of volatility in the market.

National Stock Exchange of India Limited (NSE) has launched its first agricultural commodity futures contract for crude degummed soybean oil on December 1 having the trading symbol as DEGUMSOYOIL. The contract with the lot size of 10MT (metric ton) is having monthly expiry that will be settled in cash and Kandla will be held as price basis.

The contract will facilitate the soybean oils processing and allied industries in India and overseas, a perfect hedging tool for managing their price, the National Stock Exchange (NSE) said in a statement.

Vikram Limaye, MD and CEO of NSE, said the exchange is dedicated to deepening the Indian commodity markets by providing convenient and cost-effective onshore hedging products.

India is the largest importer of edible oils in the world. The futures contract will act as a perfect hedging tool for the soybean oils processing and allied industries in India and overseas to manage their price risks.

Basically, Crude Degummed Soybean Oil (CDSO) is produced from soybeans. Most of the free fatty acids and gums naturally present in soybeans are removed by mechanical, physical or sometimes chemical separation. The oil is then degummed for applications or consumption.

KEY FEATURES:

As we can see in NCDEX Soyabean Oil, Indore is the price basis, which does not clearly reflect the price dynamics of imported oil but focuses on domestic production whereas, in the new product of NSE CDSO having Kandla as price basis, it clearly reflects on the dynamics of imported oil as CDSO contract would be suitable for the role of benchmark for Indian Soyabean Oil.

Imported soyabean oil contribute to 2/3^rd of India’s total soyabean oil supply, as almost 3/4^th of total imports originate from Argentina, whereas half of the imports arrive at Kandla port.

The new contract of NSE CDSO will open up the gate for great trades, Arbitraging, Spread and Hedging opportunities.

CONTRACT SPECIFICATIONS:

• Trading Session - Monday to Friday, 9:00 am to 9:00 pm
• Contract Listing – Serial monthly contracts as per launch calendar (shown in next slide)
• Commencement Day - 1st calendar day of the contract launch month. If the 1st calendar day is a holiday then the following working day. (Expiry Day + 1)
• Last Trading Day - Last calendar day of the contract expiry month. If last calendar day is a holiday then preceding working day.
• Trading Unit – 10 MT
• Quotation / Base Value - per 10 Kg
• Tick Size – Re.0.10 (10 paise)
• Price Quote - Ex-tank, Kandla inclusive of all duties and exclusive of GST
• Margins – Initial Margin (as per SEBI guidelines) Refer NSE Clearing circular; ELM – 1%, Additional / Special margins at times of additional volatility
• Final Settlement Price (FSP) – Based on Polled Spot Price (as per SEBI guidelines)
• Settlement Mechanism – Cash Settled (On expiry all the open positions shall be settled in cash as per FSP)

Sources:

www.nseindia.com

www.ulprospector.com

www.financialexpress.com