A PROJECT REPORT ON SUMMER TRAINING

STUDY OF DERIVATIVES LUDHIANA STOCK EXCHANGE LIMITED LUDHIANA

SUBMITTED IN THE PARTIAL FULFILMENT FOR THE DEGREE OF MASTER OF COMMERCE (M.COM) SEM - II 2012-2013

PANJAB UNIVERSITY CHANDIGARH

SUBMITTED TO

SUBMITTED BY

ACKNOWLEDGEMENT

Nothing concrete can be achieved without a combination of inspiration and perspiration. Although writing a few words on a piece of paper is not a proper way to acknowledge those people who have helped me in the completion of this project.

My sincere thanks to the Education and Training department of LSE for having the conviction to believe that the project that I have undertaken might be useful to others. I wish to thank the training coordinator, Mr. Sadhu Ram, for go through the contents of my project thoroughly. In particular I would like to thank my training mentor, Mr. Atul Chikersal for his advise, support and able guidance.

I would also like to extend gratitude to the faculty of M.Com at Guru Nanak Girls College, Model Town, Ludhiana for their support.

Amandeep Kaur

DECLARATION
I Amandeep Kaur Roll No. 2852 student of M.Com 2nd Sem. Of G.N.G. Model Town, Ludhiana undertake the summer training work on Study of Derivatives in my own work and is original one and has not been submitted earlier to the university or to any other institute for fulfillment of the requirement of a course of study.

Place: LUDHIANA Date: _____________

Signature Roll No. 2852 M.Com 2nd Sem.

INDEX
CHAPTER NO. 1.
INTRODUCTION OF STOCK EXCHANGE 1.1 Stock Exchange 1.2 Ludhiana Stock Exchange
1.3

CHAPTER NAME

PAGE NO.

1-31

LSE Securities Limited

2.

OBJECTIVES OF THE STUDY A

Learning Objectives

32-62

2.1 Introduction to Derivatives 2.2 Types of Derivatives 2.3 Economic utility of derivatives 2.4 Objectives of derivatives 2.5 Instruments of derivative trading 2.6 Risk management 2.7 Margin B
ANALYSIS OF DERIVATIVES

3 4. 5. 6.

LIMITATIONS FINDINGS & PROBLEMS SUGGESTIONS CONCLUSION BIBLIOGARPHY

63 64-65 66 67 68