National Stock Exchange needs no introduction to aspiring MBA graduates. However, it is always a great privilege to write a few words about the great institution.
NSE is in the top twenty largest stock exchanges in the world by market capitalization and largest in India by daily turnover and number of trades, for both equities and derivative trading. It has its headquarters located in Mumbai, India. The NSE’s key index is the S&P CNX Nifty, known as the NSE NIFTY (National Stock Exchange fifty), an index of fifty major stocks weighted by market capitalisation.
On 11th December, 2012, United World School Of Business, Kolkata Campus PGDM 2012-2014 batch visited the Kolkata branch of NSE , located in South Kolkata at Rash Behari Avenue. The office is located in Park View Apartments.
We had been instructed to visit the office in batches with specific timings. The branch authorities followed proper protocol as they recorded our entry and exit timings along with our names and signatures. We were given badges with our names on it.
We entered the conference room where Mr. Aveek Kumar Gupta presented a PowerPoint presentation on the basics of the Financial Market. He spoke about the components of the capital market, the secondary market. He explained what each component means and how they are utilised in the market. We also learnt about the genesis of the NSE. He explained to us the fundamental reason why common individuals , firms and even the Government of India needs to trade through the stock market, that trading is one of the ways to raise money other than borrowing from banks or earning interests on deposits. He proficiently explained certain financial terms used in the stock market. He spoke of the various credit rating agencies that grade our financial systems and why they downgrade when a country performs badly on the financial front.
Of course the session with Mr.Gupta was not a one-way monologue. It was an interactive session where he asked us basic questions on the financial system of our country and what we know about trading and the stock market.
At the close of the session, we actually came to know how shares are traded in the stock market. He explained how buyers/sellers of shares place orders, and the kind of orders they place. He also told us that the stock market starts its functioning at 9:15 A.M and ends at 3:30 P.M. The timing plays an important role in placing Limit Orders. He explained Active and Passive Orders, how the prices at which trading is to take place, is fixed through an example. He showed us how to read the stock on the screen. This was the most interesting part of the session and we thoroughly enjoyed it.
End of the presentation he handed out leaflets on NCFM examination. It is a certification course taken by candidates to apply for jobs in the stock exchange. It also provides a gateway to jobs in various public sector banks.
Overall, we were very satisfied with the session, it was very educating. We thank UWSB Kolkata faculty members for this educational tour.
Jinia Biswas, Batch (2012 – 14)