Trading in Indian stock market is limited to securities of public limited companies. It is divided into 2 categories. 1. Specified securities ( forward list)
2. Non-specified securities (cash list)
There are two types of transactions carried out on Indian stock market.
1. Spot delivery transaction (delivery and payment within time not more than 14 days)
2. Forward transaction (delivery and payment with 90 days)
A number of broker in an Indian stock market act as an agent by selling securities on his own risk but in New York and London stock market where a member can act as a jobber only.
2. Non-specified securities (cash list)
There are two types of transactions carried out on Indian stock market.
1. Spot delivery transaction (delivery and payment within time not more than 14 days)
2. Forward transaction (delivery and payment with 90 days)
A number of broker in an Indian stock market act as an agent by selling securities on his own risk but in New York and London stock market where a member can act as a jobber only.
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