List of Tables.
About the Author.
Chapter 1. India’s Capital Markets.
Growth of Foreign Investment.
Improved FII Interest and Access to the Public Markets.
Rising Domestic Investment Demand.
Chapter 2. Foreign Portfolio Investment in India.
Tax Considerations for FIIs.
Repatriation of Investment Funds.
Challenges for US Hedge Fund FIIs.
Financial Instruments Available to FIIs.
FII Application Procedures.
Trading and Settlement-Related Issues.
Summary of FII Investment.
Chapter 3. Foreign Direct Investment.
Ministries and Departments Administering FDI.
Foreign Investment through Global Depository Receipts (Euro Issues).
Approval Process for FDI.
Industrial Sector Preference.
Chapter 4. Safety and Integrity: The Regulator and Market Safeguards.
The Securities Exchange Board of India (SEBI).
Market Safety and Safeguards.
Disclosure and Transparency Rules.
Stock Exchange Risk Systems.
Market-Embedded Safeguards to Control Abnormal Stock and Market Behavior.
Additional Risk Controls for Derivatives.
Stock Exchange Central Counterparty Role.
Inspection of Brokers’ Books.
Chapter 5. The Equity Market: Stock Exchanges, Trading and Settlement.
India’s Stock Exchanges.
Exchange Trading Rudiments.
Exchange Trading Systems.
Trading Features of the Exchanges.
Exchange Settlement Systems.
Approved Clearing Banks.
Settlement Preparation for Short Selling.
Chapter 6. Derivatives.
Indian Derivatives Market Fundamentals.
NSE Derivative Products.
Chapter 7. The Indian Debt Market.
Indian Debt Market Fundamentals.
Clearing and Settlement.
Chapter 8. Indices: General Market and Sector Specific.
Appendix A: Facts and Figures About India.
Appendix B: India’s Unique Numbering System.
Appendix C: The Indian Time Zone.
Appendix D: BSE and NSE Derivatives Underlying Stock Details.
Appendix E: Economic Statistics.
Appendix F: Order Types.
Appendix G: NSE and BSE Equity Classifications.
Appendix H: Exchange Trading and Clearing Holidays.
Appendix I: Index Constituents.
Appendix J: Calculation of NSE Option Base Prices.
Appendix K: ADR/GDR vs. Ordinary Share Arbitrage – An Example.
Appendix L: Major Financial Institutions in India.
Appendix M: Contact Information for Important Financial Service Institutions.
Acronyms and Abbreviations.