An Analysis of Indian Financial Derivatives Market and its Position in Global Financial Derivatives Market
Journal of Business Management & Social Sciences Research (JBM&SSR)
ISSN No: 2319-5614
Volume 1, No.2, November 2012
_________________________________________________________________________________
An Analysis of Indian Financial Derivatives Market and its
Position in Global Financial Derivatives Market
Dr. Shree Bhagwat, Asst. Professor, Faculty of Management Studies, Dr. H.S. Gour Central University, Sagar (M.P.)
India.
Ritesh Omre, Student, Department of Business Management, BTIRT, Affiliated with Dr. H.S. Gour Central University,
Sagar (M.P.) India.
Deepak Chand, Student, Department of Business Management, BTIRT, Affiliated with Dr. H.S. Gour Central University,
Sagar (M.P.) India.
ABSTRACT
The past decade has witnessed the multiple growth in the volume of international trade and business due to the wave of globalization and liberalization all over the world. As a result, the demand for the international money and financial instruments increased significantly at the global level. In this respect, change in exchange rates, interest rates and stock prices of different financial markets have increased the financial risk to the corporate world. Adverse changes have even threatened the very survival of business world. it is, therefore, to manage such risk, the new financial instruments have been developed in the financial markets, which are also popularly known as financial derivatives,. The basic purpose of these instruments is to provide commitments to prices for future dates for giving protection against adverse movements in future prices, in order to reduce the extent of financial risks. Today, the financial derivatives have become increasingly popular and most commonly used in the world of finance. This has grown with so phenomenal speed all over the world that now it is called as the derivatives revolution. In India, the emergence and growth of derivatives market is relatively a recent phenomenon. Since its inception in June 2000,
ISSN No: 2319-5614
Volume 1, No.2, November 2012
_________________________________________________________________________________
An Analysis of Indian Financial Derivatives Market and its
Position in Global Financial Derivatives Market
Dr. Shree Bhagwat, Asst. Professor, Faculty of Management Studies, Dr. H.S. Gour Central University, Sagar (M.P.)
India.
Ritesh Omre, Student, Department of Business Management, BTIRT, Affiliated with Dr. H.S. Gour Central University,
Sagar (M.P.) India.
Deepak Chand, Student, Department of Business Management, BTIRT, Affiliated with Dr. H.S. Gour Central University,
Sagar (M.P.) India.
ABSTRACT
The past decade has witnessed the multiple growth in the volume of international trade and business due to the wave of globalization and liberalization all over the world. As a result, the demand for the international money and financial instruments increased significantly at the global level. In this respect, change in exchange rates, interest rates and stock prices of different financial markets have increased the financial risk to the corporate world. Adverse changes have even threatened the very survival of business world. it is, therefore, to manage such risk, the new financial instruments have been developed in the financial markets, which are also popularly known as financial derivatives,. The basic purpose of these instruments is to provide commitments to prices for future dates for giving protection against adverse movements in future prices, in order to reduce the extent of financial risks. Today, the financial derivatives have become increasingly popular and most commonly used in the world of finance. This has grown with so phenomenal speed all over the world that now it is called as the derivatives revolution. In India, the emergence and growth of derivatives market is relatively a recent phenomenon. Since its inception in June 2000,
References: New Delhi, 1998, PP.25-147. Delhi, 2012, PP.398-412, 645-677. derivatives", 1st ed., Ramesh Book Depot, New Delhi, 2009-10, PP.1.01-5.10. the recent years has surpassed the growth of its counterpart education, New Delhi, 2011, PP.723-730. Delhi, 2009, PP.232-270. S.S.S. Kumar, "Financial derivatives", 2nd Pr., PHI Learning Private Ltd., New Delhi, 2008, PP.1-27, 57306. S.L. Gupta, "Financial derivatives", 6th Pr., PHI Learning Private Ltd., New Delhi, 2009, PP.3-551.