Commodity Market 1

8/10/2019 Commodity Market 1

1/58

A

REPORT ON THE

STUDY OF COMMODITIES MARKET IN INDIA

AT

ANGEL BROKING,BHUBANESWAR, ODISHA, PIN- 75618

A !"#$!% S&'()%%"* )+ #!%) .&.)("+% $. %/" !"0&)!"("+% .$! %/"

A!* $. %/" *"2!"" $.M3%"! $. B&3)+"33 A*()+)3%!%)$+

SUBMITTED BY

CHANDRAKANT PANIGRAHI

MBA (BA), TRI- VI

ROLL NO- 07

UNDER THE GUIDANCE OF

PROF. Dr. KIRTI GUPTA

INSTITUTE OF MANAGEMENT AND ENTREPRENEURSHIPDEVELOPMENT

BHARATI VIDYAPEETH UNIVERSITY

PUNE


2/58

*00!-0"0*

A

REPORT ON THE

STUDY OF COMMODITIES MARKET IN INDIA

AT

ANGEL BROKING,BHUBANESWAR, ODISHA, PIN- 75618

A !"#$!% S&'()%%"* )+ #!%) .&.)("+% $. %/" !"0&)!"("+% .$! %/"A!* $. %/" *"2!"" $.

M3%"! $. B&3)+"33 A*()+)3%!%)$+

SUBMITTED BY

CHANDRAKANT PANIGRAHI

MBA (BA), TRI- VI

ROLL NO- 07

UNDER THE GUIDANCE OF

PROF. Dr. KIRTI GUPTA

INSTITUTE OF MANAGEMENT AND ENTREPRENEURSHIP

DEVELOPMENT

BHARATI VIDYAPEETH UNIVERSITY

PUNE


3/58

*00!-0"0*

BHARTI VIDYAPEETH UNIVERSITY, PUNE

INSTITUTE OF MANAGEMENT AND ENTREPRENUERSHIP DEVELOPMENT,

PAUD ROAD, ERAND#ANE

PUNE-$!

CERTIFICATE OF COMPLETION

T/)3 )3 %$ 4"!%). %/% M! C/+*!+% P+)2!/) )3 '$+.)*" 3%&*"+% $. MBA BA9 #!$2!( $. %/"

&+):"!3)% )+ %/)3 )+3%)%&%" .$! %/" "! ;;8-1; A3 #!% $. %/" U+):"!3)% 4&!!)4&&(, %/" 3%&*"+% /34$(#"%"* %/" #!$


4/58

ACKNOWLEDGEMENT

B".$!" I 2"% )+%$ %/" *"#%/ $. %/" %/)+2, I $&* )" %$ ** ."

/"!%."% $!*3 .$! %/" #"$#" /$ % :!)$&3 3%2"3 $. %/" #!$


5/58

DECLA&AT'ON

I C/+*!+% P+)2!/), 3%&*"+% $. INSTITUTE OF MANAGEMENT ?ENTREPRENEURSHIP DE@LOPMENT, P&+", 3"33)$+ ;;8-1;9 '"!)+2 S"% +$=

1;1;;;5 +* U+):"!3)% PRN +$=- 8;;;;158, /"!"' *"4!" %/% %/" #!$


6/58

CONTENTS

C/#%"! N$ T)%" P2" N$

I I+%!$*&4%)$+ 7

C$(#+ #!$.)"

O'


7/58


8/58

Commodity-

D%&'''

A #/3)4 3&'3%+4", 3&4/ 3 .$$*, 2!)+3, +* ("%3, /)4/ )3 )+%"!4/+2"'" )%/ +$%/"!

#!$*&4% $. %/" 3(" %#", +* /)4/ )+:"3%$!3'&$! 3", &3& %/!$&2/.&%&!"3 4$+%!4%3

T/" #!)4" $. %/" 4$(($*)% )3 3&'


9/58

$)D I 8% 2'8% 1%/'8%r4 r 6%/% ' 36

Y$& 4+ *$ '$%/ A %/" "4/+2"3 /:" '$%/ 33%"(3 - 43/ +* *"):"! ("4/+)3(3 T/"

4/$)4" )3 $&!3 I. $& +% $&! 4$+%!4% %$ '" 43/ 3"%%"*, $& /:" %$ )+*)4%" % %/" %)(" $.

#4)+2 %/" $!*"! %/% $& *$+% )+%"+* %$ *"):"! %/" )%"(

I. $& #+ %$ %" $! (" *"):"!, $& +""* %$ /:" %/" !"0&)!"* !"/$&3" !"4")#%3 M$!"

$:"! ). $& +% %$ %" *"):"! $& /:" %$ %" % "3% '".$!" 5 $! 6 *3 '".$!" %/" "#)!

*%" 3$ %/% %/" #!$#"! ($+" 4+ '" 3"+% +* %/" !"0&)!"* *


10/58

!) # '6 % r%25/r

T/" "4/+2"3 !" !"2&%"* ' %/" F$!!* M!"%3 C$(()33)$+ U+)" %/" "0&)% (!"%3,

'!$"!3 *$+% +""* %$ !"2)3%"! %/"(3":"3 )%/ %/" !"2&%$!T/" FMC *"3 )%/ "4/+2"

*()+)3%!%)$+ +* ) 3"" %$ )+3#"4% %/" '$$3 $. '!$"!3 $+ ). .$& #!4%)4"3 !" 3&3#"4%"*

$! ). %/" "4/+2"3 %/"(3":"3 .) %$ %" 4%)$+ I+ 3"+3", %/"!".$!", %/" 4$(($*)% "4/+2"3

!" ($!" 3".-!"2&%)+2 %/+ 3%$4 "4/+2"3

) # r% % /4%r6 ' 31'4 1%r'8'8%6

T/" 4$(($*)%)"3 (!"% ) /:" %/!"" '!$* 4%"2$!)"3 $. (!"% #!%)4)#+%3 #!% .!$(

'!$"!3 +* %/" "4/+2" *()+)3%!%)$+ - /"*2"!3, 3#"4&%$!3 +* !')%!2"&!3 B!$"!3 )

)+%"!("*)%", .4))%%)+2 /"*2"!3 +* 3#"4&%$!3

H%12%r6 !" "33"+%) #"!3 )%/ + &+*"!)+2 !)3 )+ 4$(($*)% - %/" ( '" ")%/"!

#!$*&4"!3 $! 4$+3&("!3 /$ +% %$ %!+3."! %/" #!)4"-!)3 $+%$ %/" (!"%

P!$*&4"!-/"*2"!3 !" %/$3" /$ +% %$ ()%)2%" %/" !)3 $. #!)4"3 *"4)+)+2 ' %/" %)(" %/"

4%& #!$*&4" %/")! 4$(($*)% .$! 3" )+ %/" (!"% 4$+3&("! /"*2"!3 $&* +% %$ *$ %/"

$##$3)%"

S%35/r6 !" %/" /)2/"3% !)3 %)+2 #"!3$+ T/" !" %/$3" /$ +% %$ %" %/" *:+%2"3

$. %/" *).."!"+4"3 )+ #!)4"3 $. 4$(($*)% ' *$)+2 .&4%&%)$+ )+ (!"%

Ar>'r2%5r6!" %/" #"!3$+ /$ )3 %)+2 *:+%2" $. #!)4"3 ' $!)+2 )+ %$ (!"% T/"3"

4+ '" "#)+"* ' "(#"-

%.2-3#$3" #"!3$+ )3 $!)+2 )+ '$%/ (!"%3 MC +* NCDE %/"+ /" 4+ %" %/"

*:+%2" $. #!)4)+2 *).."!"+4" )+ '$%/ %/" (!"%3 +* "!+ /)3 #!$.)%

"0) I '3 31''%6 3 I r1%

T/$&2/ %/" 2$:"!+("+% /3 "33"+%) (*" ($3% 4$(($*)%)"3 ")2)'" .$! .&%&!"3 %!*)+2,

%/" +%)$+)*" "4/+2"3 /:" "!(!"* $+ 3""4% ." .$! 3%!%"!3 W/)" %/" NMCE /3

($3% (


11/58

"") D I 8% 4 6/%6 + // r1%6 I6 r%2'6r' 1r4

N$ I. %/" %!*" )3 30&!"* $.. +$ 3"3 % )3 ##)4'" T/" 3"3 % )3 ##)4'" $+ )+ 43"

$. %!*" !"3&%)+2 )+%$ *"):"! T/" 3"3 % )3 ##)4'" % %/" #4" $. *"):"! T/$3" /$ !"

))+2 %$ %" #/3)4 *"):"! +""* %$ /:" 3"3 % !"2)3%!%)$+ +&('"!

") # %6 '& %r% '6 4 1%&5/

B$%/ %/" "4/+2"3, NCDE +* MC, ()+%)+ 3"%%"("+% 2&!+%"" .&+*3 T/" "4/+2"3

/:" #"+% 4&3" )+ 43" $. + *".&% ' + ("('"!M$!"$:"! $+4" $& $#"+ + 44$&+%

$& /:" %$ *$ 3$(" %!*)+2 $%/"!)3" %/" *"(% 4/!2"3 ) '" ##)4'" %/% )3 +$!( ;

RS

"$) Ar% 4 11''/ r2'>r?%r2%3r2%6 '6%1 ' 36% I ?% 1%/'8%r4 &

216

Y"3 N$!( %/" '!$)+2 4/!2"3 )3 ;5 P3 #"! 1;; R3 '&% ). )% !"3&%3 )+%$ *"):"! %/"+ %/"

'!$)+2 4/!2"3 )3 ;5; P3 #"! 1;; R3

";) I6 6 154 /%8'%1 ' 31'4 3r36 # r% % 6 154 r%6

I+ 43" $. *"):"!, %/" 3%(# *&% ) '" ##)4'" 44$!*)+2 %$ %/" #!"34!)'"* 3 $. %/"

3%%" %/" )+:"3%$! %!*"3 )+ T/)3 )3 ##)4'" )+ 3)()! .3/)$+ 3 )+ 3%$4 (!"%

"


12/58

COMMODITIES ECHANGES IN INDIA-

A 4$(($*)% "4/+2" )3 #4" /"!" :!)$&3 4$(($*)%)"3 +* *"!):%):"3 !" '$&2/% +*

3$* C$(($*)%)"3 "4/+2"3 &3& %!*" $+ 4$(($*)% .&%&!"3

R%66 &r r1'2 ' C1'4 E+32%6

H%12'2 C$(($*)%)"3 !" 3&'


13/58

T/" R


14/58

H!+ C$(($*)%)"3 L%*, H)33!

5 "-C$(($*)%)"3 L%*

O& %6% < 31''%6 %+32%6 % MC, NCDE 1 NMCEIL r% % rC1'4 E+32%6.

M&%) 4$(($*)% "4/+2" $. I+*) L%* - MC )3 + )+*"#"+*"+% +* *"-(&%&)3"* "4/+2"

'3"* )+ M&(') E3%')3/"* $+ 1; N$:"('"!, ;;, )% )3 %/" %/)!* !2"3% '&)$+ "4/+2" +*

.$&!%/ !2"3% "+"!2 "4/+2" )+ %/" $!* R"4$2+)J"* ' %/" G$:"!+("+% $. I+*) )% *"3 )+

+&("!$&3 4$(($*)%)"3 +* 4!!)"3 $&% $+)+" %!*)+2, 4"!)+2 +* 3"%%"("+% #!$4"33"3 .$!

4$(($*)%)"3 .&%&!" (!"% 4$&+%!)*"

MC COMDE'3 I+*)3 .$!"($3% +* 3$" 4$(#$3)%" 4$(($*)% .&%&!"3 #!)4" )+*" N%)$+

C$(($*)% ? D"!):%):"3 E4/+2" $. I+*) L%* NCDE9 $4%"* )+ M&('), )3 #&')4

)()%"* 4$(#+ )+4$!#$!%"* $+ !* A#!) ;; P!$($%"* ' +%)$+ ":" "3%')3/("+%3 )% )3

!&+ ' #!$."33)$+ (+2"("+% R"2&%"* ' %/" F$!!* M!"% C$(()33)$+ )%/ !"."!"+4"

%$ .&%&!"3 %!*)+2 )+ 4$(($*)%)"3, )% %!*"3 )+ :!)$&3 4$(($*)%)"3 $+)+" T/" NCDE )3

4$:"!"* &+*"!=

C$(#+)"3 A4%

S%(# A4%

C$+%!4%3 A4%

F$!!* C$(()33)$+ R"2&%)$+9 A4%

N%)$+ M&%)-C$(($*)% E4/+2" $. I+*) L)()%"* NMCEIL9 )3 4$+3)*"!"* %/" .)!3% *"-("%)J"*, $+)+" "4/+2" *")+2 )+ +&("!$&3 4$(($*)%)"3 I+4$!#$!%"* $+ ;%/ D"4"('"!

;;1, )% )3 #!$($%"* +* !&+ '=

C"+%! W!"/$&3)+2 C$!#$!%)$+

N%)$+ A2!)4&%&! C$$#"!%):" M!"%)+2 F"*"!%)$+ $. I+*) L)()%"*

G&


15/58

1.5 Commodity-

D%&'''A #/3)4 3&'3%+4", 3&4/ 3 .$$*, 2!)+3, +* ("%3, /)4/ )3 )+%"!4/+2"'" )%/ +$%/"!

#!$*&4% $. %/" 3(" %#", +* /)4/ )+:"3%$!3'&$! 3", &3& %/!$&2/.&%&!"3 4$+%!4%3

T/" #!)4" $. %/" 4$(($*)% )3 3&'%'2 & 5r ', % 28%r% %6>/'6%1 %

C1'4 F55r%6 Tr1'2 C'66' (CFTC) 8%r6%% % '156r4.

T%r% '6 /6 6%/&-r%25/r4 >14, % N'/ F55r%6 A663'' (NFA) 'r

% 3'8''%6 & // &55r%6 r?% %65r% % '%2r'4 & % &55r%6 r?%6.

C1''%6 /6 2'8% % '8%6r % >'/'4 r'3'% ' 8'r5//4 // 6%3r6 & %r/1 %34 1 8% % %'/ r153% r%5r6 %1 >% '1%%1% &

%r r?%6. I &3 r&/'6 11 31'4 '8%6%6 3 35//4 /%r %

8%r// r&/' r'6? >4 1'8%r6'&'3'.

# 6%6 % r'3% & 31''%6

C1''%6 r% r1%1 36/4 31'4 %+32%6 r51 % r/1 653 6 %

C'32 M%r3'/% E+32%, #''%2 C1''%6 E+32% (#CE) 1 % N% Yr?

M%r3'/% E+32% (NYME).S'3% 31''%6 r% r1%1 %+32%6, %'r r'3%6

r% 6% >4 6'2/% '1'8'15/ r %'4. O % %+32%6, 31''%6 r% r1%1 8'

&55r%6 3r36. T%6% 3r36 >/'2% % /1%r >54 r 6%// 31'4 r%1%%r'%1 r'3% 1%/'8%r4 1% ' % &55r%. N // &55r%6 3r36 r% % 6%

- %'r 6%3'&'36 '// 1'&&%r 1%%1'2 % r%6%3'8% 31'4 >%'2 r1%1.

T% r?% r'3% & 31'4 '6 =5%1 ' % %6 '6 &% % r?% &55r%6

r'3% &r r%6%3'8% 31'4. A6 ' %=5'4 6%35r''%6, 31''%6 &55r%6 r'3%

'6 1%%r'%1 r'r'/4 >4 % 65/4 1 1%1 &r % 31'4 ' % r?%.
http://www.investorwords.com/2630/investors.htmlhttp://www.investorwords.com/636/buy.htmlhttp://www.investorwords.com/636/buy.htmlhttp://www.investorwords.com/4467/sell.htmlhttp://www.investorwords.com/2136/futures_contracts.htmlhttp://www.investorwords.com/2136/futures_contracts.htmlhttp://www.investorwords.com/4292/Risk.htmlhttp://www.investorwords.com/4292/risks.htmlhttp://www.investorwords.com/5014/trades.htmlhttp://www.investorwords.com/1951/financial_instruments.htmlhttp://www.investorwords.com/2426/indexes.htmlhttp://www.investorwords.com/2630/investors.htmlhttp://www.investorwords.com/636/buy.htmlhttp://www.investorwords.com/4467/sell.htmlhttp://www.investorwords.com/2136/futures_contracts.htmlhttp://www.investorwords.com/4292/Risk.htmlhttp://www.investorwords.com/4292/risks.htmlhttp://www.investorwords.com/5014/trades.htmlhttp://www.investorwords.com/1951/financial_instruments.htmlhttp://www.investorwords.com/2426/indexes.html


16/58

Fr %+/%, L%6 /? '/. I& % 65/4 & '/ '3r%6%6, % r'3% & % >rr%/ & '/ '//

1%3r%6%. C8%r6%/4, '& % 1%1 &r '/ '3r%6%6, '3 &% %6 15r'2 %

65%r, % r'3% & '/ '// '3r%6%.T%r% r% 4 %3'3 &3r6 '// 8%

%&&%3 % r'3% & 31'4. A/52 31''%6 r% r1%1 56'2 &55r%6

3r36 1 &55r%6 r'3%6, %8%6 335r '// &&%3 % &55r%6 r'3%6. T'6 3

>% 6%% ' % 8/'/'4 & '/ r'3%6 15r'2 % G5/& #r ' Ir=. T% r'3% & '/ 36/4

32%1 ' r%6%3 6 2'2 ' % r, 1 6 /6 &&%3%1 >4 % /'?%/'1

S11 H566%' 5/1 >% >/% r%' 3r/ & Ir=.

Fr %r 31''%6 653 6 3r6, %%r /46 %+r%%/4 6'2'&'3

r/% ' r'3% 32%6. I& % %%r ' 3%r' r%2' '6 2'2 &&%3 % 65/4 &

31'4, % r'3% & 31'4 '// >% &&%3%1 1'r%3/4. A6 ' %r 6%35r''%6,

4 r1%r6 56% 31'4 &55r%6 6%35/% &55r% r'3% 8%%6. T%6%

'8%6r6 /4% 8r'56 %8%6 ' % r?% 6%35/% &55r% 65/4 1 1%1.

T%4 65>6%=5%/4 %%r /2 r 6r &55r%6 6''6 1%%1'2 '3 1'r%3' %4

>%/'%8% 65/4 1 1%1 '// 8%.

Cr6

M6 r1%r6 % 6?%1 64 %4 2%%r//4 56% D'/4 C1'4 r'3% 3r6. M4>%

5 & >', r >%356% 6 %1 5 r1'2 '% /%8%/ '6 6 >%3% 5/r.

B%356% 6 r1%r6 &356 % D'/4 r Ir14 C1'4 3r6 >4 53 /r2%r

r2' % #%%?/4 r '2%r '% &r%6.

W/"+ $& 4$+3)*"! %/" $!* M33 /)4/ /3 ($!" $. )% T/" W"" 4/!% $. 4$&!3" I. $& .)+*

$&!3". 3#"+*)+2 ($!" %)(" &3)+2 %/" D) 4/!%3 %$ +J" %/" 4$(($*)% (!"%3 .$!

%!*)+2, +* $& !" +$% * %!*)+2, )% )3 *:)3'" %/% $& 4$+3)*"! 3"")+2 %/" ')22"! +* ($!"44&!%" #)4%&!" $. (!"% *)!"4%)$+ ' &3)+2 %/" W"" 4$(($*)% 4/!%

T/" W"" 4/!% )3 (&4/ ($!" 4$+4"+%!%"* $$ $. (33 #34/$$2 3

$##$3"* %$ %/" D) 4/!% F$! %/" 3" $. "(#" $+, 3 "4/ * '!)+23 1;;,;;; %!*"!3 %$

%/" (!"% +* "4/ $+ ("3 $+" %!*)+2 4% #"! * T/% $&* ("+ %/% "4/ #!)4" D)

#!)4" '! !"#!"3"+%3 %/" (33 #34/$$2 $. 1;;,;;; ()+*3 ()+2 1;;,;;; (!"% 4%)$+3 I+

4$+%!3%, 3)+2" W"" #!)4" '! %/"+ $&* !"#!"3"+% 5;;,;;; ()+*3 ()+2 5;;,;;; (!"%

4%)$+3 N$, ). $& 4$+3)*"! %/% 1 )+4/ $. #!)4" 4/!% ( /$* '$&% 1; #!)4" '!3, %/% 1

)+4/ $. (!"% #%%"!+3 )3 !"#!"3"+%)+2 1,;;;,;;; ()+*3 +* (!"% 4%)$+3 .$! %/" D) #!)4"

#%%"!+, '&% 5,;;;,;;; .$! %/" 3(" ($&+% $. 3#4" $+ %/" W"" 4/!%

C1'4 I8%6% Sr%2'%6-


17/58

C#%&!)+2 %/" .& '"+".)%3 $. 4$(($*)% "#$3&!" /3 '""+ 4/"+2" )+ %/" #3% I+:"3%)+2 )+

#/3)4 4$(($*)%)"3 3&4/ 3 '!!" $. $), /"!* $. 4%%" $! '&3/" $. /"% )3 $. 4$&!3",

0&)%" )(#!4%)4, 3$ )+:"3%$!3 /:" %"+*"* %$ $$ .$! 4$(($*)% "#$3&!" ")%/"! ' #&!4/3)+2

4$(($*)% !"%"* "0&)%)"3 $! %/!$&2/ 4%):" (+2"* .&%&!"3 44$&+%3

T/" $+3"% $. )+:"3%("+% :"/)4"3 %/% %!4 4$(($*)% .&%&!"3 )+*)4"3 /3 #!$:)*"* )+:"3%$!3

)%/ +$%/"! $#%)$+ .$! 2)+)+2 "#$3&!" %$ 4$(($*)%)"3 %/% ( $.."! '"%%"! #$%"+%) %$

4#%&!" %/" .& '"+".)%3 $. %/" 33"% 433 I+:"3%("+% :"/)4"3 %/% %!4 4$(($*)% .&%&!"3

)+*)4"3 !" +$% %/" 3(" 3 4%):" (+2"* .&%&!"3 44$&+%3 I+3%"*, 4$(($*)% )+*" !"%&!+3

#!$:)*" #33):" "#$3&!" %$ '!$* !+2" $. 4$(($*)%)"3 O+" *:+%2" $. 4$(($*)%

"#$3&!" %/% %!43 '!$* )+*" )3 %/% 4$(($*)%)"3 !" +$% /)2/ 4$!!"%"* )%/ "4/ $%/"!

+* )+*" !"%&!+3 3/$&* '" "33 :$%)" %/+ %/" !"%&!+3 $+ + )+*):)*& 4$(($*)% A+$%/"!

*:+%2" )3 %/% 4$(($*)% )+*""3 %/"(3":"3 /:" ")3%"* .$! *"4*"3, #!$:)*)+2 (#"

/)3%$!)4 *% .$! 33"% $4%)$+ 3%&*)"3 +* !"3"!4/

RISK INVOLVED IN COMMODITY MARKET-

1 CREDIT RISK

MARKET RISK

Cr%1' R'6?-

C!"*)% !)3 ("+3 %/% !)3 )+ /)4/ $')2%$!3 !" *)3')+2 %$ (""% )%/ %/" .)++4)$')2%)$+3 $+ %/" *&" *%" T/)3 )3 !2" .4%$! $. .)++4) 3%%"("+% $. %/" 4$(#+ +*

*"%"!()+"* ' %/" #!("%"!3 )" +"% $!%/, ":"!2", )0&)*)%, .!"" 43/ .$ +* $%/"! !"%"*

.4%$!3

Mr?% R'6?-

M!"% !)3 )3 %/" !)3 /)4/ )3 +$% *):"!3).)'" !)3 %/% .."4%3 %/" )+*&3%! 3 /$" I% )3 +$%

4$+%!$'" !)3 M!"% !)3 )+:$:"3 %/" .$$)+2 !)33

Pr'3% R'6?

@$%))% )+ %/" #!)4" $. %/" 4$(($*)% 4$&* 3&'()% %/" "+*"! %$ #!)4" !)3 )+ %/" ":"+%!"4"):'" .!$( %/" 4$(($*)% 3"3 !" )+3&..)4)"+% %$ 4$:"! %/" ($&+% *&" %$ &+*"! %/"

.)++4)+2


18/58

5/'4 R'6?

Q&)% $. &+*"!)+2 33"%3 )3 +$% !"#!"3"+%"* ' %/" $')2%$! +* #!"3"+%3 )+3&..)4)"+%

:&"3 3 4$%"! %$ %/" .4))%)"3

L'=5'1'4 R'6?

I+ 43" $. *".&% +$% .)+*)+2 "+$&2/ !"* '&"!3 )+ %/" 3#$% (!"%, /"+4" +$% '")+2'" %$ !")J" %/" :&" $. %/" &+*"!)+2 4$(($*)%)"3

#4 31''%6

C$(($*)%)"3 !" )+ '& !&+

C$(($*)%)"3 +$!( /:" %!"+* 44" .$! ("*)&( $+2 %"!(

C$(($*)% .&%&!" :$&("3 !" 3$!)+2

B%%&'6

A**)%)$+ I+:"3%("+% $##$!%&+)%

D):"!3).)4%)$+ $. P$!%.$)$

L$ 4$3% '&3)+"33=

N$ T!+3#$!%%)$+, 3%$!2", )+3&!+4", 3"4&!)% C/!2"3

L$ M!2)+3 H)2/ ":"!2"

D$()+ +$"*2"

I3 %3'%6

T/" *":"$#("+% $. 4$(($*)%)"3 (!"%, #!%)4&! "#$!%3, /3 #$3)%):" )(#4% $+

%/" "4$+$()"3 W)%/)+ *":"$#)+2 4$&+%!)"3 %/"!" !" %$ 2!$- $) "#$!%)+2 4$&+%!)"3+* +$+ $) "#$!%)+2 4$&+%!)"3 $. S&'-S/!+ A.!)4 W/)" O) 4$+3%)%&%"3 5; #"!4"+%

$. ("!4/+*)3" "#$!%3 $. %/" $) "#$!%)+2 4$&+%!)"3, +$+ $) #!)(! #!$*&4%3 4$+3%)%&%"

8; #"!4"+% $. "#$!%3 $. %/" +$+ $) "#$!%)+2 4$&+%!)"3 H"+4" #!)4" :$%))% )+

4$(($*)% (!"%3 .."4%3 %/"3" 4$&+%!)"3 :"! (&4/

D'6182%6 & 31'4 r?%6

G$' 4$(($*)% (!"%3 !" 4!)%)4)J"* .$! %/")! #!% )+ )+*&2)+2 )+ 3#"4&%)$+ +* %/&3

)+4!"3)+2 %/" #!)4"3 A+$%/"! (


19/58

9E..)4)"+% 3#$% #!)4" 4+ '" *)34$:"!"* +* *)33"()+%"*

9T/" '!2)+)+2 #$"! $. %/" .!("!3 $&* '" )+4!"3"*

59T!+3#$!%%)$+ +* !"/$&3)+2 .4))%)"3 $&* '" )+4!"3"*

69T/"!" $&* '" 2&!+%""3 .$! %!*" +* 3$ #("+%3

M5/'-C1'4 E+32% & I1' L''%1 (MC)-

MC + )+*"#"+*"+% +* *"-(&%)%"* (&%) 4$(($*)% "4/+2" /3 #"!(+"+% !"4$2+)%)$+

.!$( G$:"!+("+% $. I+*) .$! .4))%%)+2 $+)+" %!*)+2, 4"!)+2 +* 3"%%"("+% $#"!%)$+3 .$!

4$(($*)% .&%&!"3 (!"%3 4!$33 %/" 4$&+%! K" 3/!"/$*"!3 $. MC !" F)++4)

T"4/+$$2)"3 I+*)9 L%*,S%%" B+ $. I+*), NABARD, NSE, HDFC B+, S%%" B+ $.

I+*$!", S%%" B+ $. H*"!'*, S%%" B+ $. S&!3/%!, SBI L)." I+3&!+4" C$ L%*, U+)$+

B+ $. I+*), B+ O. I+*), B+ O. B!$*, C+! B+, C$!#$!%)$+ B+

H"*0&!%"!"* )+ M&('), MC )3 "* ' + "#"!% (+2"("+% %"( )%/ *""# *$()+

+$"*2" $. %/" 4$(($*)% .&%&!"3 (!"%3 T/!$&2/ %/" )+%"2!%)$+ $. *"*)4%"* !"3$&!4"3,!$'&3% %"4/+$$2 +* 34'" )+.!3%!&4%&!", 3)+4" )+4"#%)$+ MC /3 !"4$!*"* (+ .)!3% %$ )%3

4!"*)% I+&2&!%"* )+ N$:"('"! ;; ' S/!) M&"3/ A('+), C/)!(+ ? M+2)+2 D)!"4%$!,

R")+4" I+*&3%!)"3 L%*, MC $.."!3 .&%&!"3 %!*)+2 )+ %/" .$$)+2 4$(($*)% 4%"2$!)"3= A2!)

-C$(($*)%)"3, B&)$+, M"%3- F"!!$&3 ? N$+-."!!$&3, P&3"3, O)3 ? O)3""*3, E+"!2,

P+%%)$+3, S#)4"3 +* $%/"! 3$.% 4$(($*)%)"3MC /3 '&)% 3%!%"2)4 )+4"3 )%/ 3$(" $.

%/" !2"3% #"!3 )+ 4$(($*)%)"3 "4$-33%"(, +(", B$(' B&)$+ A33$4)%)$+, B$('

M"% E4/+2", S$:"+% E%!4%$!3 A33$4)%)$+ $. I+*), P&3"3 I(#$!%"!3 A33$4)%)$+, S/"%!)

S+2/%+, U+)%"* P+%"!3 A33$4)%)$+ $. I+*) +* I+*) P"##"! +* S#)4" T!*" A33$4)%)$+

T$* MC )3 $.."!)+2 3#"4%4&! 2!$%/ $##$!%&+)%)"3 +* *:+%2"3 %$ !2" 4!$33 3"4%)$+

$. %/" #!%)4)#+%3 )+4&*)+2 P!$*&4"!3 P!$4"33$!3, T!*"!3, C$!#$!%", R"2)$+ T!*)+2C"+%"!3 ,I(#$!%"!3, E#$!%"!3, C$$#"!%):"3, I+*&3%! A33$4)%)$+3, ($+23% $%/"!3 MC '")+2

+%)$+-)*" 4$(($*)% "4/+2", $.."!)+2 (&%)#" 4$(($*)%)"3 .$! %!*)+2 )%/ )*" !"4/

+* #"+"%!%)$+ +* !$'&3% )+.!3%!&4%&!", )3 " #4"* %$ %# %/)3 :3% #$%"+%)


20/58

N'/ C1'4 J D%r'8'8%6 E+32% L''%1 (NCDE)-

N%)$+ C$(($*)% ? D"!):%):"3 E4/+2" L)()%"* NCDE9 )3 #!$."33)$+ (+2"*

$+)+" (&%) 4$(($*)% "4/+2" #!$($%"* ' ICICI B+ L)()%"* ICICI B+9, L)."

I+3&!+4" C$!#$!%)$+ $. I+*) LIC9, N%)$+ B+ .$! A2!)4&%&!" +* R&! D":"$#("+%

NABARD9 +* N%)$+ S%$4 E4/+2" $. I+*) L)()%"* NSE9 P&+


21/58

C$4$$+3, P"##"!, R#"3""* - M&3%!* S""* ,R &%", RBD P($")+, R".)+"* S$ O), R)4",

R&''"!, S"3(" S""*3, S), S):"!, S$ B"+, S&2!, T&!, T&!("!)4, U!* B4 M%#"9,

W/"%, Y"$ P"3, Y"$ R"* M)J" ? Y"$ S$'"+ M" A% 3&'3"0&"+% #/3"3 %!*)+2

)+ ($!" 4$(($*)%)"3 $&* '" .4))%%"*


22/58


23/58

A+2" '!$)+2 %!&3% )%/ 4&3%$("! !"%)$+ 3)+4" 187T$* A+2" /3 "("!2"* 3 $+" $. %/"

($3% !"3#"4%"* 3%$4 '!$)+2 +* "%/ (+2"("+% 4$(#+ )+ I+*) W)%/ )%3 &+)0&" !"%)

.$4&3"* 3%$4 %!*)+2 '&3)+"33 ($*" +2" )3 3&44""*"* )+ #!$:)*)+2 !" ::" ($+" %$ )%3

4)"+%3 T/" A+2" 2!$ )3 %/" ("('"! $. %/" B$(' 3%$4 E4/+2",NSE,A+* %/" "*)+2

4$(($*)% "4/+2" )+ I+*)MC ? NCDE9

C4 B566'%66-

19E0&)% %!*)+2

9C$(($*)%)"3

9P$!%.$)$ M+2"("+% S"!:)4"3

9M&%& F&+*3

59L)." I+3&!+4"

69P"!3$+ L$+3

79IPO

89D"#$3)%$! S"!:)4"3

9I+:"3%("+% A*:)3$!

C4 r%6%3%6-

19N%)$+-)*" #!"3"+4"3 $. 1 !"2)$+ /&'3 #!"3"+% )+ 1 4)%)"3

9O:"! 785; 3&'-'!$"!3 +* '&3)+"33 33$4)%"3

9M$!" %/+ 65 / 4)"+%3

A2%/ Gr5


24/58

19A+2" B!$)+2 L%*

9A+2" 4#)% ? D"'% M!"% L%*

9A+2" C$(($*)%)"3 B!$)+2 L%*

9A+2" S"4&!)%)"3 L%*

Cr% V/8%6 & C4-

")M-

T$ /:" 4$(#"%" /!($+ '"%""+ 0&)% )+ #!$4"33 +* 4$+%)+&$&3 )(#!$:"("+% %$

*"):"! "4"#%)$+ 3"!:)4" %/% ) *")2/% $&! 4&3%$("! +* 4)"+%

)CRM P/'34-C56%r '6 ?'2-

C&3%$("! )3 %/" ($3% )(#$!%+% #"!3$+ )+ $&! #!"()3"3 H" )3 +$% *"#"+*"+% $+ &3 '&% " !"

*"#"+*"+% $+ /)( H" )3 +$% + )+%"!!%)$+ )+ $&! $! '&% #!% $. )% W" !" +$% *$)+2 /)(

.:$!3 ' 3"!:)+2 )% '&% /" )3 *$)+2 .:$!3 $+ &3 ' 2):)+2 + $##$&!+)% %$ 3"!:" /)(

$)B56'%66 P'6'/4

19 E%/)4 #!4%)4" ? %!+3#!"+4 )+ $&! *")+2

9 C&3%$("! )+%"!"3% )3 '$:"

9 A3 *"):"! .$! /% " /:" #!$()3"

9 E.."4%):" 4$3% (+2"("+%

;)5/'4 A665r3% P/'34-

W" !" 4$(()%%"* %$ #!$:)*" %/" $!*-433 3"!:)4"3 /)4/ "4""* %/" "#"4%%)$+ $. $&!

4&3%$("!3 4/)":"* ' %"(-$! +* ' #!$4"33 $. 4$+%)+&$&3 )(#!$:"("+%

I+*)+ (!"%3 /:" !"4"+% %/!$+ $#"+ +" :"+&" .$! !"%) )+:"3%$!3 +* %!*"!3 %$

#!%)4)#%" 4$(($*)% *"!):%):"3 F$! %/$3" /$ +% %$ *):"!3). %/")! #$!%.$)$3 '"$+*

3/!"3, '$+*3 +* !" "3%%", 4$(($*)%)"3 !" %/" '"3% $#%)$+

T) 3$(" ($+%/3 2$, %/)3 $&*+% /:" (*" 3"+3" F$! !"%) )+:"3%$!3 4$&* /:" *$+" :"!

)%%" %$ 4%& )+:"3% )+ 4$(($*)%)"3 3&4/ 3 2$* +* 3):"! -- $! $)3""*3 )+ %/" .&%&!"3 (!"%

T/)3 3 +"! )(#$33)'" )+ 4$(($*)%)"3 "4"#% .$! 2$* +* 3):"! 3 %/"!" 3 #!4%)4 +$

!"%) :"+&" .$! #&%%)+2 )+ 4$(($*)%)"3

H$":"!, )%/ %/" 3"%%)+2 $. %/!"" (&%)-4$(($*)% "4/+2"3 )+ %/" 4$&+%!, !"%) )+:"3%$!3

4+ +$ %!*" )+ 4$(($*)% .&%&!"3 )%/$&% /:)+2 #/3)4 3%$43

C$(($*)%)"3 4%& $.."! )(("+3" #$%"+%) %$ '"4$(" 3"#!%" 33"% 433 .$! (!"%-3::

)+:"3%$!3, !')%!2"&!3 +* 3#"4&%$!3 R"%) )+:"3%$!3, /$ 4)( %$ &+*"!3%+* %/" "0&)%

(!"%3 ( .)+* 4$(($*)%)"3 + &+!")'" (!"% B&% 4$(($*)%)"3 !" "3 %$ &+*"!3%+* 3


25/58

.! 3 .&+*("+%3 $. *"(+* +* 3# !" 4$+4"!+"* R"%) )+:"3%$!3 3/$&* &+*"!3%+* %/"

!)33 +* *:+%2"3 $. %!*)+2 )+ 4$(($*)%)"3 .&%&!"3 '".$!" %)+2 "# H)3%$!)4, #!)4)+2

)+ 4$(($*)%)"3 .&%&!"3 /3 '""+ "33 :$%)" 4$(#!"* )%/ "0&)% +* '$+*3, %/&3 #!$:)*)+2 +

"..)4)"+% #$!%.$)$ *):"!3).)4%)$+ $#%)$+

I+ .4%, %/" 3)J" $. %/" 4$(($*)%)"3 3 /$" $. %/" )+*&3%! 3"2("+% )+ I+*) )3 3$ 0&)%"

3)2+).)4+% )+*&3%!, /)4/ 4$+3%)%&%"3 '$&% 58 #"! 4"+% $. %/" GDP

L)" + $%/"! (!"%, %/" $+" .$! 4$(($*)% .&%&!"3 #3 :&'" !$" )+ )+.$!(%)$+

#$$)+2 +* !)3 3/!)+2 T/" (!"% ("*)%"3 '"%""+ '&"!3 +* 3""!3 $. 4$(($*)%)"3, +*

.4))%%"3 *"4)3)$+3 !"%"* %$ 3%$!2" +* 4$+3&(#%)$+ $. 4$(($*)%)"3 I+ %/" #!$4"33, %/"

(" %/" &+*"!)+2 (!"% ($!" )0&)*

CONCEPT OF SHARE TRADING IN INDIA-

T!*)+2 )+ 3/!"3 )3 $* #/"+$("+ )%3 !"2&%)$+ /* '""+ 3%!%"* /"+ 3"4&!)%)"3 4$+%!4% 4%/* '""+ .$!("* )+ 156 T!+3."! $. !"3$&!4"3 .!$( %/$3" )%/ )*" !"3$&!4"3 %$ $%/"!3 /$

/:" #!$*&4%):" +""* .$! %/"( )3 ($3% "..)4)"+% 4/)":"* %/!$&2/ %/" 3"4&!)%)"3 (!"% I%

#!$:)*"3 4/++" .$! !"$4%)$+ $. 3:)+23 %$ )+:"3%("+%3

SEBI

T/" S"4&!)%)"3 +* E4/+2" B$!* $. I+*) SEBI9 )3 %/" !"2&%$! &%/$!)% )+ I+*)

"3%')3/"* &+*"! S"4%)$+ $. SEBI A4%, 1 SEBI A4%, 1 #!$:)*"3 .$! "3%')3/("+% $.

S"4&!)%)"3 +* E4/+2" B$!* $. I+*) SEBI9 )%/ 3%%&%$! #$"!3 .$! 9 #!$%"4%)+2 %/"

)+%"!"3%3 $. )+:"3%$!3 )+ 3"4&!)%)"3 '9 #!$($%)+2 %/" *":"$#("+% $. %/" 3"4&!)%)"3 (!"% +* 49

!"2&%)+2 %/" 3"4&!)%)"3 (!"% I%3 !"2&%$!


26/58


27/58


28/58

O>%3'8%

The o*+e)ti,e o / ro+e)t i to *ring a2arene aong the in,etor 2ho are intereted or

hare arket *3t don4t kno2 the ro)ed3re to in,et in hare arket.

M%1/24

I+ $!*"! %$ 4/)":" %/" $'


29/58

.; DATA COLLECTION METHOD

I+ (!"%)+2 !"3"!4/, .)"* 3&!:" )3 4$(($+ )3 &3"* %$ 4$"4% #!)(! *% .!$( %/"

!"3#$+*"+%3

I /:" %"+ #"!3$+ )+%"!:)" $. 4$(($*)% 4)"+%3 %$ 4$"4% %/" *% %$ +$ %/" %"3% %!"+*#!":))+2 )+ %/" 4$(($*)% (!"%

I 3 '" %$ (""% 15 %$ ; 4)"+%3 #"!3$+ )+ ( %!)+)+2 #"!)$* '"4&3" %/" "!" %/" $+

4%):" 4)"+%3 .$! ( .)!( T/)3 )%3". )+:$:"* "%"+3):" "..$!%3

.< METHODS OF DATA COLLECTION

T/"!" !" %$ %#"3 $. *% -=

19 P!)(! *%

9 S"4$+*! *%


30/58


31/58

G/1

Overview:-

I+*) )3 %/" !2"3% 4$+3&("! $. 2$* )+ %/" $!* L)'"!)J%)$+ )+ 11 3 "..$!%3 %$ 3$

!":):" %/" 2$* (!"% )+ %/" 4$&+%! )%/ %/" $%/"! 3"4%$!3 $. "4$+$( T/&3, 3)+4" 11,*"(+* .$! 2$* /3 '""+ )+4!"3)+2 ("% ' $..)4) )(#$!%3 T/" !"3&%3 !" $':)$&3 )+ %/"

.$!( $. !"*&4"* 3(&22)+2, &+$..)4) #!"()&(3 +* "+/+4"* 2$:"!+("+% !":"+&", ' $.

4&3%$(3 +* 3"3 %!)..3 T/" )+4!"3)+2 2$* %!*" *"3"!:"3 + "..)4)"+% '&)$+ "4/+2" )+

I+*), .$! /)4/ %/"!" )3 +""* %$ *":"$# + "..)4)"+% 3#$% +* .$!!*3 (!"%, 3&..)4)"+%

)0&)*)%, !"2&!, 3." +* 4/"# 3# 33%"( )%/ 2$$* *"):"! 3%+*!*3 !" 3$(" $. %/"

#!"!"0&)3)%"3 .$! 3($$%/ .&+4%)$+)+2 $. '&)$+ "4/+2"

T/" !"4"+% *"4)3)$+ $. %/" I+%"!+%)$+ M$+"%! F&+* ? $%/"! 4"+%! '+"!3 2)+3% 3")+2

2$* .$! %/" +"% .):" "!3 3)2+).)"3 %/" .)%/ #4"* )+ %/)3 ("% ' %/" "*)+2 "4$+$()"3 $.

%/" $!* G$* ) 4$+%)+&" %$ # *"4)3):" !$" )+ $!* "4$+$( )+ %/" +"% ()"++)&(

#4 '8%6 ' G/1-

G/1 r%616 % 45 %%1 ' 6-

R"4"+% )+*"#"+*"+% 3%&*)"3 /:" !":""* %/% %!*)%)$+ *):"!3).)"!3 $.%"+ . *&!)+2 %)("3 $.

(!"% 3%!"33 $! )+3%'))% O+ %/"3" $443)$+3, ($3% 33"% 433"3 )+4&*)+2 %!*)%)$+

*):"!3).)"!3 3&4/ 3 '$+*3 +* %"!+%):" 33"%39 ($:" %$2"%/"! )+ %/" 3(" *)!"4%)$+ T/"!" )3

+$ 4&3/)$+)+2 ".."4% $. *):"!3).)"* #$!%.$)$ ":)+2 )+:"3%$!3 *)3##$)+%"* H$":"!,

3( $4%)$+ $. 2$* /3 '""+ #!$:"+ %$ 3)2+).)4+% )(#!$:" %/" 4$+3)3%"+4 $. #$!%.$)$

#"!.$!(+4", *&!)+2 '$%/ 3%'" +* &+3%'" .)++4) #"!)$*3 G!"%"! 4$+3)3%"+4 $.

#"!.$!(+4" "*3 %$ *"3)!'" $&%4$(" + )+:"3%$! /$3" "#"4%%)$+3 !" ("%


32/58


33/58

I+*)+ G$* M!"%=-I+*) 3 %/" $!*3 !2"3% 2$* (!"% )%/ M&(') 3 %/" ()+ %!*)+2 4"+%"! #!)$! %$ 16

T/" 2$:"!+("+% "+4%"* %/" G$* C$+%!$ A4% )+ 16 #!$/)')%)+2 %/" 4)%)J"+3 $. I+*) .!$(

/$*)+2 #&!" 2$* '!3 +* 4$)+3 *&" %$ $33 $. 2$* !"3"!:"3 *&!)+2 %/" I+*$-C/)+ ! )+ 16

O+ )4"+3"* *""!3 "!" $"* %$ *" )+ #&!" 2$* '!3 +* 4$)+3 I% 3 %/)3 "2)3%)$+,

/)4/ )"* %/" $..)4) 2$* (!"% +* !2" &+$..)4) (!"% .$! 2$* 3#!&+2 *")+2 )+

43/ $+ T/" 2$* 3 3(&22"* )+ +* 3$* %/!$&2/ %/" &+$..)4) 4/++" /"!")+ (+


34/58


35/58

"4/+2" .$! +"


36/58

F3r6 I&/5%3'2 D%1 &r G/1

F$$)+2 !" %/" .4%$!3 )+.&"+4)+2 %/" *"(+* .$! 2$*

1 T/" ($:"("+% $. 2$* #!)4"3 )3 $+" $. %/" )(#$!%+% :!)'"3 *"%"!()+)+2 *"(+* .$! 2$*

T/" )+4!"3" )+ %/" )!!)2%)$+, %"4/+$$2)4 4/+2" )+ 2!)4&%&!" %/!$&2/ ("4/+)J%)$+

+* /)2/ )"*)+2 :!)"%)"39, /:" 2"+"!%"* !2" (!"%'" 3&!#&3 +* /)2/ 3""*

!&! )+4$(" *)3%!)'&%)$+ )3 +$%/"! .4%$!3 4$+%!)'&%)+2 %$ **)%)$+ *"(+* .$! 2$*

B4 ($+" $!)2)+%)+2 )+ %/" 3"!:)4"3 3"4%$!, )" !" "3%%" +* #&')4 3"4%$!, /3

4$+%!)'&%"* %$ 2$* 3 3%$!" $. :&" H"+4" )+4$(" 2"+"!%"* )+ %/"3" 3"!:)4" 3"4%$! 4+ '"

%!"%"* 3 *"%"!()+)+2 :!)'"

S)+4" '+ *"#$3)%3, &+)% %!&3% $. I+*), M&%& .&+*3, 3( 3:)+23, "%4 !" %"!+%):"

:"+&"3 .$! )+:"3%)+2 3:)+23, %/" ")2/%"* !"%&!+ $+ %/"3" %"!+%):" 33"%3 4+ '"

4$+3)*"!"* 3 +$%/"! )+.&"+4)+2 .4%$!

5 D"(+* .$! 2$* 3$ *"#"+*3 $+ #!)4"3 $. $%/"! 4$(($*)%)"3 W/"+ %/"!" )3 + )+4!"3"

)+ 2"+"! #!)4" ":", )% /3 %$ ".."4%3= .)!3% )% !"*&4"3 %/" #&!4/3)+2 #$"! :)'" .$!

40&)3)%)$+ $.


37/58

D%6'3 r153'-

T/" ()+ #!$*&4"!3 $. G$* !" H&%%) G$* M)+"3 +* B/!% G$* ()+"3 L)()%"*, /)4/

++& #!$*&4" '$&% %$ %$+3 T/)3 /3 '""+ %/" 43" .!$( %/" #3% %$ *"4*"3 T/"!" !" +$

+$+ 2$* !"3"!:"3 )+ I+*) $!%/ ("+%)$+)+2

Ir6

D$("3%)4 #!$*&4%)$+ '")+2 ()+&34&" #!4%)4 %/" "+%)!" *"(+* )3 ("% ' )(#$!%3 +*

!"44)+2 $. #!":)$&3 44&(&%"* 3%$4 +* 34!# 2"+"!%"* .!$( )% T/"!" 3 ')2 3#&!% )+

%/" 4$+3&(#%)$+ .$$)+2 %/" L)'"!)J%)$+ $. 2$* )(#$!%3 )+ 1 C$+3&(#%)$+ 3""(3 %$

!"()+ !$&+* ;;-5 %$+3 )+ %/" +"% 4$" $. "!3 B".$!" !"3&()+2 %/" !)3)+2 %!"+*,

"3%)(%"* 4$+3&(#%)$+ 3 ($!" %/+ %)4" %/" ":" !"4$!*"* )+ 1; +* +"! 7; /)2/"!

%/+ )+ 1

A (


38/58

1 S#"4) )(#$!% )4"+3"3

N$+-!"3)*"+% I+*)+3

A&%/$!)J"* '+3 +* )+3%)%&%)$+3

I(#$!% $. 2$* %/!$&2/ S#"4) I(#$!% L)4"+3" SIL9 +* NRI !$&%" /3 '""+ +"2)2)'" .%"!

2$* )(#$!% %/!$&2/ '+3 3 #"!()%%"* T/" )'"!)J"* 2$* #$)4 /3 '!$&2/% ($3% $. %/"

&+$..)4) 3"4%$! %!*" %$ $..)4) 3"4%$! T/" ")()+%)$+ $. !2" &+$..)4) (!"% )+ .$!" /3

)(#!$:"* %/" #$)4 ".."4%):"+"33 I% ( 3$ '" +$%"* %/% %/" I+*)+ 4$+3&("! $. 2$* /3

'""+ 3#!"* $. /&2" %!+34%)$+ 4$3%3 ($&+%)+2 %$ %/$&3+*3 4!$!"3 $. !""3 $+ 44$&+% $.

%/" ")3%"+4" $. %/" &+$..)4) 3"4%$! )+ %/" #3%

I+*)!"4% .$3 &+$..)4)9 $44&!3 #4" %/!$&2/ %$ "+%! #$!%3 $. S)+2#$!", S!) L+ +*

D&') )+ %/" .)!3% )+3%+4"

F3r6 I&/5%3'2 % S5/4 & G/1-

T/" .$$)+2 !" ." $. %/" .4%$!3 %/% )+.&"+4" 2$* 3#

S# $. 2$* .$$3 %/" *"(+* .$! 2$* /"+4" %/" *"(+* .$! 2$* )3 $+" $. %/")(#$!%+% :!)'"3 *"%"!()+)+2 3# .$! 2$*

T/" *).."!"+%)3 '"%""+ *$("3%)4 +* )+%"!+%)$+ #!)4"3 .$! 2$* 4%3 3 )+*&4"("+%

.$! 3(&22)+2 )%/ %/" $'


39/58

CONTRACT SPECIFICATIONS

G/1

T!*)+2 33%"( MC3 T!*)+2 S3%"(

T!*)+2 /$&!3

T!*" %)()+23 $+ %!*)+2 *3=

T!*)+2 H$&!3 = ;55 ( 1155 #(

S)+2" C M!"% C$3)+2 3"33)$+9 .$! *"%"!()+%)$+ $. C$3)+2

P!)4"=1115 #( %$ 11; #(

U+)% $. %!*)+2 1;; 2(

D"):"! &+)% 1 2

Q&$%%)$+B3" @&"R3 #"! 1; 2( $. G$* )%/ .)+"+"33 4"* P&!" G$* )+ %!*"

4)!4"39

Q&)% 3#"4).)4%)$+

N$% "33 %/+ 5 .)+"+"33 '"!)+2 3"!) +&('"! +* )*"+%).)+2

3%(# $. !".)+"! ##!$:"* ' MC L)3% $. ##!$:"* !".)+"!3 ) '"

:)'" )%/ %/" E4/+2" +* 3$ $+ )%3 "' 3)%"= (44$(

Q&+%)% @!)%)$+ N$+"

N$ $. 4%):" 4$+%!4%3A% + *%", 4$+4&!!"+% ($+%/ 4$+%!4%3 ) '" 4%):" T/"!" ) '"

%$% $. %":" ($+%/ 4$+%!4%3 )+ "!

D"):"! 4"+%"! M&(')

O#"+)+2 D%"

T!*)+2 )+ + 4$+%!4% ($+%/ ) $#"+ $+ %/" 13% * $. %/" ($+%/,

($+%/3 #!)$! %$ %/" 4$+%!4% ($+%/ )" +&! ;; 4$+%!4% $#"+3

$+ 13% O4%$'"! ;;

D&" *%"

;%/ * $. %/" *"):"! ($+%/, ). ;%/ /##"+3 %$ '" /$)* %/"+

#!":)$&3 $!)+2 *

P!"()&( D)34$&+%

T/" *)34$&+% ) '" 2):"+ .$! %/" .)+"+"33 '"$ T/"

3"%%"("+% #!)4" .$! "33 %/+ .)+"+"33 ) '" 44&%"* 3=

A4%& .)+"+"33 9 S"%%"("+% #!)4"
http://www.mcx.com/http://www.mcx.com/


40/58

E+/' & % 3r3 6%3'/''-

G/1-

19T/" .)!3% #!("%"! $. %/" 4$+%!4% *"3 )%/ %/% %/" 2$* )3 4$(($*)% %/% )3 %!*"* $+

MC (!"%3 .!$( 55#( %$ 11; #(

9N$ 2"+"! " 4+ *$ %/!"" %#"3 $. %!*)+2-

9D) %!*)+2

'9D"):"! %!*)+2

49S/$!% %!*)+2

9N$ %/" ()+)(&( 0&+%)% " 4+ %" )3 $. 1;; G(I+ $+" $% " 4+ %" ()(&( 1

2.%"! 1 2 %/" $% 4/+2"3 +* %/" 3"4$+* $% 4$(" )+ .4"

9N$ %/" (!2)+ ($+" 2"+"! " /:" %$ 2):" )3 1; +* ' 2):)+2 %/" (!2)+ " 4+

3%!% %!*)+2 I% )3 (+*%$! %$ # %/" (!2)+ ($+" W)%/$&% #)+2 $. %/" (!2)+ ($+" "

4+ +$% *$ %!*)+2

59G"+"! %/" .)+"+"33 #!$:)*"* )3 .)+"+"33 +* %/" 2$* (&3% '"! %/" (! $.

!"4$2+)J"* !".)+"! ##!$:"* ' MC

69G"+"! %/!"" ($+%/ .&%&!" 4$+%!4% )3 *$+" )+ MC M!"%3

79A+ )+* $. *)34$&+% ( '" #!$:)*"* ). %/" .)+"+"33 )3 "33 %/+

89T/" *"):"! 4"+%!" .$! 4$"4%)$+ $. 2$* )3 2"+"! )+ M&(')


41/58

C%r

A O8%r8'%-

C$##"! L%)+ 4!&(, .!$( %/" )3+* $. C#!&39 )3 '")":"* %$ /:" '""+ ()+"* .$! $:"! 5,;;;

"!3 I% $443)$+ $44&!3 +%):", +* )3 .$&+* )+ (+ ()+"!3 3&4/ 3 4!)%"3, (4/)%",

J&!)%", 4/4$#!)%", +* '$!+)%" C$##"! )3 ($+23% %/" !2"3% 4$+3&("* ("% )+ %/" $!* I+.4% )% !+3 %/)!* .%"! 3%"" +* &()+&( U+%) %/" ()*-5;3 4$##"! 4$+3&(#%)$+ "#% )+ #4"

)%/ %/" #!$*&4%)$+ S)+4" %/"+, %/" 2$' 4$##"! 4$+3&(#%)$+ /3 3%"*) $&%2!$+ %/"

#!$*&4%)$+, )+ 1; ' , +* 4$+3&(#%)$+ #%%"!+3 3/).%"* %$!*3 %/" !#)* *":"$#)+2

A3)+ 4$&+%!)"3

H'6r4-

T/" +(" 4$##"! )3 *"!):"* .!$( %/" G!"" $!* V4/$3 I% )3 3$ !"%"* %$ %/" G!""

(%/$$2 3 )% )3 3)* %/% )% 3 33$4)%"* )%/ %/" 2$**"33 @"+&3

T/" $!)2)+%)$+ $. %/)3 $*"3% +$+ ("%, 4$##"!, )3 +$% "4% +$+ %$ %/" /&(+ !4" '&%

)% )3 "3%)(%"* %/% )% 3 *)34$:"!"* )+ !$&+* ;;;BC )+ %/" ()**" "3% A 4$##"! $4"% /*

'""+ .$&+* )+ I!0 %/% )3 !$&+* 85;; BC $* S("%)+2, $+" $. %/" #!$4"33"3 %/% )3 &3"* %$

!".)+" 4$##"!, *%"3 '4 %$ !$&+* 5;;BC +* %/" 3("%)+2 3)%"3 "!" $4%"* )+ %/" !"3 $.

#!"3"+% * I3!", E2#% +* $!*+ % %/% %)(" T/)3 ("% 3 3$ &3"* %$ (" "#$+3,

/(("!3 +* "3 T/" #"$#" )+ E2#% *)34$:"!"* %/% ' **)+2 %)+ %$ 4$##"!, %/" 43%)+2 $.

%/" ("% '"4$("3 "3)"! %/" ("% 3 2"%%)+2 #$#&! )+ %/" "3% ()+ )+ C/)+ +* I+*)

C/)+ 3%!%"* %/" #!$4"33 $. /*!$("%&!2 )+ /)4/ ("% )3 3"#!%"* .!$( )%3 $3 I+*)+

#"$#" (*" :!)$&3 $%/"! 4!.%3 ' &3)+2 $3 $. 4$##"! )" )4$+3 +* (#3 T/" )(#$!%+4"

$. %/)3 :"! &3".& ("% 3 )*"+%).)"* +* )% 3 3$ "%"+3):" &3"* %/% %/" !"3#"4%):" "! $./)3%$! )3 +("* 3 T/" B!$+J" A2" 5;;BC-6;;BC9

T/" )+:"+%)$+3 $. +" %"4/+$$2)"3 )+ %/" "3% "!" *$#%"* ' /$" $. %/" $!* I% 3 .$&+*

%/% 4$##"! )3 4$!!$3)$+ .!"" 3&'3%+4" +* %/"+ )% (!"* %/" )+:"+%)$+ $. +" &3" $. 4$##"!-

)+ #&(')+2 33%"(3 +* #!$%"4%)+2 $$*"+ 3/)#3 .!$( 2" S/)#3 $. C/!)3%$#/"! C$&('&3


42/58

%$$, &3" %$ /:" %/)3 4$##"! 2&!*)+2 W)%/ %)(", ($!" +* ($!" +" &3"3 +* +" %"4/+)0&"3 %$

"%!4% 4$##"! "!" )+:"+%"*

C$##"! 4$)+3 /:" 3$ #"* + )(#$!%+% !$" )+ %/" /)3%$! 3 ("*)&( $. 4&!!"+4 T/"

"!)"3% )+3%+4" .$&+* $. 4$##"! '")+2 &3"* 3 4&!!"+4 3 )+ %/" .$!( $. &(#3 )+ %/" 6%/

4"+%&! BC ' %/" #"$#" $. I% T/" 3/#" $. 4$##"! &(#3 "!" ($*"* %$ 4$)+3 )%/ %/"

)+:"+%)$+ $. +" 4$##"! $3 R&"!3 )" &)&3 C"3! +* O4%:)+ &3 &3" %$ /:" %/")! $+

4$)+3 /:)+2 %/")! $+ 3('$3 T/)3 3/$3 %/% 4$##"! /3 ":"! '""+ #!$()+"+% 4$+%!)'&%$! %$

%/" $. %/" :!)$&3 3#"4%3 $. /)3%$!, 4&%&!", %"4/+$$2 +* ("*)4)+" +* )3 3%) &3"*

"%"+3):"

G/>/ 63%r'

G$' "4$+$( 4$()+2 $&% $. !"4"33)$+ )3 3""+ "+*)+2 )(#"%&3 %$ ("%3 *"(+* 4&!!"+%

W/)" %/" US +* %/" E&!$#"+ "4$+$()"3 !" 3%) !"")+2 &+*"! #!"33&!", A3)+ "4$+$( /3

'""+ *$)+2 " N$ *$&'%)+2 .4% %/% US +* E&!$#"+ "4$+$()"3, '")+2 )+*&3%!) "4$+$()"3,!" %/" !2"3% 4$##"! 4$+3&("! H$":"!, %/" 3%!"+2%/"+)+2 $. A3)+ "4$+$( "* ' C/)+ +*

$%/"! A3)+ 4$&+%!)"3, %/" !"2)$+ /3 "("!2"* 3 ')22"3% 4$+3&("! *&" %$ 2!$)+2

)+*&3%!))J%)$+ +* #$#&%)$+ 2!$%/ C/)+3 "4$+$( /3 '""+ 2!$)+2 % #/"+$("+

!%" +* %/" 4$&+%! )3 4$+3&()+2 ":"!%/)+2 .!$( 34!# %$ 4$+4"+%!%" %$ 4%/$*" %$ .""* )%3

!#)* '&)*)+2 *$+3%!"( )+*&3%! C/)+3 4$##"! )+*&3%! 4$+%)+&"3 %$ 3%$+)3/, )%/

4$+3&(#%)$+ !)3)+2 ' 15 3% "! I% )3 "#"4%"* %$ 2!$ 1; #"! "! .$! %/" !"3% $. %/)3

*"4*" C/)+ +$ 44$&+%3 .$! ; $. $!* 4$+3&(#%)$+ $. 4$##"! 3/""% +* 3%!)#, +* &32"

)+ 4'", )!", %&'" +* #)#"

I1' 63%r'

I+*)+ 4$##"! )+*&3%! )3 *$()+%"* ' %/!"" (


43/58

Mr Pr153%r

C$##"! )3 4$+3)*"!"* %$ '" +%):" $. A("!)4 L!2" 4$##"! $!" *"#$3)%3 !" .$&+* )+ %/" US,

C/)", P"!&, +* C+* #!% .!$( A.!)4+ 4$&+%!)"3 3&4/ 3 >('), >)!" T/" ($3% )(#$!%+%

4$##"! $!"3 !" %/" 3&.)*"3, %/" $)*"3, +* 4!'$+%"3 F!$( %/"3", 4$##"! )3 $'%)+"* '

3("%)+2, "4/)+2, +* ' ""4%!$3)3 M


44/58

Pr'3% O5/?-

S&!2" )+ *"(+* /3 '""+ *!):)+2 4$##"! #!)4"3 % !"4$!* /)2/ )+ %/" 3% ." 0&!%"!3 R":):)+ %/" 2$' "4$+$(, .&""* ' 3%!$+2 C/)+"3 *"(+*, +* *!$# )+ "4/+2" 3%$4 !"

"#"4%"* %$ ""# #!)4"3 .$% W$!* ()+)+2 4%):)% /3 3""+ %!"("+*$&3 )(#!$:"("+% )+ %/"

!"4"+% #3%, /)4/ ) "+3&!" 4$+3%+% 3# +* /"+4" 4$&* 4# 3&**"+ 3#&!% )+ #!)4"3

Mr r1'2 3%r% ' 3%r-

C$##"! )3 + )(#$!%+% 4$(($*)% %/% )3 %!*"* ()+ )+

L$+*$+ M"%3 E4/+2" L$+*$+9

N" Y$! M"!4+%)" E4/+2" N" Y$!9

S/+2/) F&%&!"3 E4/+2" C/)+9

Mr?% I&/5%3'2 F3r-

P!)4" .&4%&%)$+3 $. 4$##"! )+ L$+*$+ M"% E4/+2"

P!$*&4%)$+ ":" $. 4$##"! )+ %/" $!*

G!$%/ #!$3#"4%3 $. %/" (


45/58

CONTRACT SPECIFICATION

COPPER

Tr1'2 646% MC6 Tr1'2 S46%

T!*)+2 /$&!3

T!*" %)()+23 $+ %!*)+2 *3=

T!*)+2 H$&!3 = ;55 ( 1155 #(

S)+2" C M!"% C$3)+2 3"33)$+9 .$! *"%"!()+%)$+ $.

C$3)+2 P!)4"=1115 #( %$ 11; #(

U+)% $. %!*)+2 1;;; K2

D"):"! &+)% 1 MT

S('$ COPPER

O#"+)+2 *%"

13%*%" $. ":"! ($+%/ '&% %/" ($+%/ (&3% '" )+ $** 3"0&"+4"

)" 13%+&! %$ 13%M!4/ T/"+ %/" +"% 4$+%!4% )+ %/" ($+%/

$. M!4/ )" 13%M!4/ %$ 13%M

D&" D%" L3% *%" $. ":"! ($+%/ )" 8%/F"'!&!, ;%/A#!)

M!2)+ R"0&)!"("+% 1;

E+/' & % 3r3 6%3'/'' & 3%r-

19I% )3 %!*"* $+ MC +* NCDE (!"%3

9T/" 0&+%)% /)4/ " /:" %$ %" )3 1;;; 2

9T/" *"):"! &+)% $. )% )3 1 MT

9T/" (!2)+ !"0&)!"("+% )3 2"+"! 1;

59I+ $+" $% " 4+ %" $+ 1;;; 2 ). " /:" ($!" %/+ 1;;; 2 %/"+ " /:" %$ $%

69D"#"+*)+2 $+ +$ $. $% %/" (!2)+ 4/+2"3

79F$! %/" 4$"4%)$+ $. 4$##"! *).."!"+% 4$##"! 4"+%!" )3 2):"+ ' MC M!"%3


46/58

S'/8%r

O8%r8'%-

S):"! /3 '""+ &3"* .$! %/$&3+*3 $. "!3 3 $!+("+%3 +* &%"+3)3, .$! %!*", +* 3 %/" '3)3

.$! (+ ($+"%! 33%"(3 T/)3 (*" 3):"! $+" $. %/" ($3% )*" 3$&2/%-.%"! ($+23%

%/" #!"4)$&3 ("%3 I% 3 #!$'' %/" $+ #!"4)$&3 ("% %/" *"(+* .$! /)4/ 3

)+.&"+4"* ' '$%/ )%3 :)'))% +* &32"D&!)+2 %/" 3% 4"+%&!, %/" ("%3 *"(+* 3 3$

)+.&"+4"* .!$( )%3 %!"3&! )(#$!%+4" H$":"!, %/" !2" #!% $. 3):"! #!$*&4%)$+ )3 !"%):"

)+3"+3)%):" %$ %/" #!)4" $. 3):"! I+ %/" "! 3% 4"+%&!, *":"$#("+% $. %"4/+$$2 "* %$

)+4!"3" )+ S):"! &32" S):"! .)+*3 "%"+3):" &32" )+ .)(3, 4$)+3, 4$+3&("! *&!'"3 "%4 I%3

3"!)$! ""4%!)4 4$+*&4%):)% (*" )% $+" $. )(#$!%+% )+2!"*)"+% )+ )+*&3%!) +* ""4%!$+)4

&32" I+4!"3"* &32" +"4"33)%%"* /)2/"! 3):"! #!$*&4%)$+

G/>/ S3%r'-

US T!"3&! *$()+%"* 2$' 3):"! 34"+!)$ *&!)+2 %/" 3% 4"+%&! T"4/+$$2)4

*:+4"("+% +* !"4$+3%!&4%)$+ $. !-%$!+ E&!$#"+A3)+ !"2)$+3, $!* "4$+$( 3%!%"* )%3

!* ($:" T/)3 "* %$ '$$( )+ )+*&3%!) &32" $. 3):"!

I1' S3%r'-

I+ 43" $. I+*) %/" *"(+* +* 4$+3&(#%)$+ 4$+%)+&"3 %$ !"()+ '"% H$":"!, 3 .! 3

3):"! &32" )3 4$+4"!+"* %/"!" )3 !"(!'" *).."!"+4" :)3--:)3 2$' #%%"!+ I+ I+*) 4$3" %$

; $. S):"! 4$+3&(#%)$+ )3 )+


47/58

S)+4" ;;;, %/" 2$' "4$+$( /3 .!"* '"$ )%3 #$%"+%) S):"! *"(+* 2!$%/ !%" 3$"*

*$+ .!$( 58 )+ ;;; %$


48/58

F$! 4"+%&!)"3, %/" #!)4" $. 3):"! /3 '""+ 4$3" )+"* )%/ %/" #!)4" $. 2$*, '&% %/" *"-

($+"%)J%)$+ $. '$%/ ("%3 )+ (&4/ $. %/" $!* /3 ""+"* %/" )+ S":"! .4%$!3

)+.&"+4" S):"! #!)4"3 3&4/ 3 +&('"! $. S):"! $&+4"3 !"0&)!"* .$! '&)+2 + $&+4" $. G$*,

)+:"3%("+% *"(+*, '$:"-2!$&+* 3%$43 $. 3):"! "%4 A'$:" .4%$!3, %$ !2" "%"+%, /"#

*"%"!()+)+2 #!)4"3

CONTRACT SPECIFICATIONS

SILVER

T!*)+2 33%"( MC3 T!*)+2 S3%"(

T!*)+2 /$&!3

T!*" %)()+23 $+ %!*)+2 *3=

T!*)+2 H$&!3 = ;55 ( 1155 #(

S)+2" C M!"% C$3)+2 3"33)$+9 .$! *"%"!()+%)$+ $.

C$3)+2 P!)4"=1115 #( %$ 11; #(

D"):"! &+)% ; 2

Q&)% 3#"4).)4%)$+L)3% $. ##!$:"* !".)+"!3 ) '" :)'" )%/ %/" E4/+2"

+* 3$ $+ )%3 "' 3)%"= (44$(

Q&+%)% @!)%)$+ N$+"

N$ $. 4%):" 4$+%!4%3

A% + *%", 4$+4&!!"+% ($+%/ 4$+%!4%3 ) '" 4%):" T/"!"

) '" %$% $. %":" ($+%/ 4$+%!4%3 )+ "! )" M!4/-

M- &

D"):"! 4"+%"! M&(')

O#"+)+2 D%"T!*)+2 )+ + 4$+%!4% ($+%/ ) $#"+ $+ %/" 13% * $. %/"

($+%/, ($+%/3 #!)$! %$ %/" 4$+%!4% ($+%/

D&" *%";%/ * $. %/" *"):"! ($+%/, ). ;%/ /##"+3 %$ '" /$)*

%/"+ #!":)$&3 $!)+2 *


49/58

M!2)+ 65

SILVER MINI

T!*)+2 33%"( MC3 T!*)+2 S3%"(

T!*)+2 /$&!3

T!*" %)()+23 $+ %!*)+2 *3=

T!*)+2 H$&!3 = ;55 ( 1155 #(

S)+2" C M!"% C$3)+2 3"33)$+9 .$! *"%"!()+%)$+ $.

C$3)+2 P!)4"=1115 #( %$ 11; #(

D"):"! &+)% 5 2

Q&)% 3#"4).)4%)$+L)3% $. ##!$:"* !".)+"!3 ) '" :)'" )%/ %/" E4/+2" +*

3$ $+ )%3 "' 3)%"= (44$(

Q&+%)% @!)%)$+ N$+"

N$ $. 4%):" 4$+%!4%3

A% + *%", 4$+4&!!"+% ($+%/ 4$+%!4%3 ) '" 4%):" T/"!"

) '" %$% $. %":" ($+%/ 4$+%!4%3 )+ "! )" M!4/-

M- &

D"):"! 4"+%"! M&(')

O#"+)+2 D%"T!*)+2 )+ + 4$+%!4% ($+%/ ) $#"+ $+ %/" 13% * $. %/"

($+%/, ($+%/3 #!)$! %$ %/" 4$+%!4% ($+%/

D&" *%";%/ * $. %/" *"):"! ($+%/, ). ;%/ /##"+3 %$ '" /$)*

%/"+ #!":)$&3 $!)+2 *

M!2)+ 65


50/58

Pr>/% r%/%1 8'2 6533%66&5/ 31'4 r?%-

E:"+ %/$&2/ %/" 4$(($*)% *"!):%):"3 (!"% /3 2$$* #!$2!"33 )+ %/" 3% ." "!3, %/" !"

)33&" .4)+2 %/" .&%&!"3 $. %/" (!"% /:" +$% '""+ !"3$:"* T/" +&('"! $. 4$(($*)%)"3

$"* .$! *"!):%):" %!*)+2 /:" )+4!"3"*, %/" :$&(" +* %/" ::" $. '&3)+"33 /3 J$$("*,

'&% %/" $'


51/58


52/58


53/58


54/58

RESULTS FINDINGS!

C$(($*)% (!"% )3 3%) )+ %/" +34"+% 3%2"3 )+ I+*) 3 )% )3 + "("!2)+2 (!"%

C$(($*)% (!"% +$% %$% '3"* $+ %/" D"(+* ? S# .$!4"3 #!":))+2 )+ %/"

(!"% +* * %!*"!3 3%) /:" %/" #$"! %$ (+)#&%" %/" *) %!*)+2 3$("/%

T/" #"! S#"4&%$!39 4!"%"3 %/" '& +* '"! 3)%&%)$+ )+ %/" 4$(($*)% (!"% '3"*

$+ ($+" #$"! +* #!$.)% '$$)+2 ($%):"3

I 3$ .$&+* %/% I. %/"!" )3 +$ 3#"4&%)$+ )+ %/" (!"% %/"+ +$'$* )3 )+%"!"3%"* %$

#!%)4)#%" )+ %/" %!*)+2, 3 %/" !" ($%):" 3%) )3 %/" 3#"4&%)$+ A%/$&2/ I #"!3$+ .""

%/% %/" (%&!)% %$ %/" (!"% ) 4$(" $+ $. %/" (!"% )3 &3"* ' !2" +&('"! $.

#"!3 %$ /"*2"

I+)%) F!("!3 +* 2"+"! #"$#" !" +$% %/% (&4/ !" '$&% %/" 4$(($*)% (!"%

B&% )%/ %/" *":"$#("+% $. %"4/+$$2 +* 2"+"! !"+"33 %/" .!("!3 +* 2"+"!

#&')4 /:" 3%!%"* 2)+)+2 #!$.)% .!$( %/"3" (!"%3

T/" 4$(($*)% (!"% )3 4&!!"+% $+ 4$+4"!+"* )%/ %/" .&%&!" 4$+%!4%3 $. 1 ($+%/ +*

($+%/ (%&!)% +* %/)3 3/$&* .&!%/"! '" "#+*"*

T/" '&3)+"33 )+ %/" 4$(($*)% (!"% )3 :"! !)3 )+ +%&!" ()+ *&" %$ '$:" 3%%"*

!"3$+ $. !" ($%):" '")+2 %/" 3#"4&%)$+

G"+"! %/" !$" $. /"*2"!3 )3 *$+" ' .!("!3 F!("!3 3"%%" *$+ %/")! #!$.)%3 ' *$)+2

%!*)+2 )+ MC (!"%3 A%/$&2/ )% ( +$% '" /##"+)+2 %$ %/% "%"+%

G"+"! %/" #"$#" /$ *$ +$% /:" ($+" %$ %" %/" *"):"! %/" *$ %/" !$" $.

!')%"!3&! %$ 2)+ %/" #!$.)% ' %!*)+2 )+ %$ (!"%3

T/"3" (!"%3 !" 3$ :"! &3".& %$


55/58

CONCLUSION


56/58

I+*) )3 $+" $. %/" %$# #!$*&4"!3 $. !2" +&('"! $. 4$(($*)%)"3 +* 3$ /3 $+2 /)3%$! $.

%!*)+2 )+ 4$(($*)% +* !"%"* *"!):%):"3 T/" (!"% /3 (*" "+$!($&3 #!$2!"33 )+ %"!(3

$. %"4/+$$2, T!+3#!"+4 +* %!*)+2 4%):)% I+%"!"3%)+2 %/)3 /:" /##"+ $+ .%"! %/"

2$:% #!$%"4%)$+ 3 !"($:"* .!$( %/" +&('"! $. 4$(($*)% +* (!"% .$!4"3 "!" $"* %$

# %/")! !$" T/)3 3/$&* 4% 3 (


57/58


58/58

BIBLOGRAPHY

Boo"#

&eear)h Methodo(og/ */ C.&. KOT5A&'" 6ndedition.

$EBSITE

2$$2"4$(

3"'))+*)4$(

'3")+*)4$(

34!)'*4$(

,+2"'!$)+24$(

(44$(
http://www.google.com/http://www.sebiindia.com/http://www.bseindia.com/http://www.scribd.com/http://www.mcx.com/http://www.google.com/http://www.sebiindia.com/http://www.bseindia.com/http://www.scribd.com/http://www.mcx.com/

Documents

Commodity Market 1