Kerala - Kochi   

Students learn the nuances of Sensex

Kochi: Students of a city college were initiated into the finer aspects of trading in stock exchanges at a meeting organised by the Business Line Club (BL Club) here on Wednesday.

M.M. Peter, senior manager of Geojit Financial Services, demystified ‘Sensex’ and explained the nuances of its rise and fall. Speaking at a seminar on capital market at the Commerce Department of St Albert’s College as part of campus interface to the corporate world, he pointed out that equities was the ideal way to fetch better returns in the long-term considering the growth of the stock market in the last 21 years. The volume of index, which was 100 in 1986 was now hovering at 19,000 points, a 190 times increase.

Touching upon the way of calculating the Sensex, he told students that the Sensex was the barometer of the market and its function was to evaluate the stock market. It was not easy to find out the rates of each share in the market, as there were around 2,700 shares traded in the market on a regular basis. The Sensex was computed by taking the prices of 30 top shares.

Referring to the trading of shares in the market, he said trading in Indian stock exchanges could now be carried out from any part of the country.

After the introduction of online trading, a national trading network had been set up and it helped investors to buy and sell shares from any geographical location.

The transaction of shares was now carried out in the most transparent manner and there was no room for any malpractice.

It also helped investors to identify best prices for buying and selling of shares, he added.

Dr. Rajagopalan Nair, head of the department, said that the seminar was the first academic programme as part of the lecture series of the department.

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