Technical Analysis of Equity Shares with special reference to ITC Limited – A Study

Rao, Guru Prasad and Donepudi, Anil (2015) Technical Analysis of Equity Shares with special reference to ITC Limited – A Study. International Research Journal Of Business and Management, 8 (11). pp. 125-135. ISSN 2322-083X

[img] PDF
Research Paper (1).pdf - Published Version
Restricted to Registered users only

Download (1MB) | Request a copy

Abstract

In India, the process of Liberalization, Privatization and Globalization (LPG) was given a thrust in 1991 when the economy suffered severe crunch of foreign exchange reserve, balance of payment crisis, declining industrial production, galloping inflation and a rising fiscal deficit. The economic reforms, being an integrated process, included deregulation of industry, liberalization in foreign investment, regime, restructuring and liberalization of trade, exchange rate, and tax policies, partial disinvestment of government holding in public sector companies and financial sector reforms. The reforms in the financial sector sought to improve the functioning of banking and financial institutions (FIs) and strengthen money and capital markets including securities market. Specifically these included: repeal of the Capital Issues (Control) Act, 1947 ,enactment of the Securities and Exchange Board of India Act, 1992 to provide for the establishment of the Securities and Exchange Board of India (SEBI) to regulate and promote development of securities market; SEBI brought in several measures which included free pricing of securities, investor protection measures, use of information technology, dematerialisation of securities, improvement in trading practices, evolution of an efficient and transparent regulatory framework, emergence of several innovative financial products and services and specialized FIs etc aimed at creating efficient and competitive securities market. The growth of stock markets in emerging nations has been one of international finance’s biggest stories. The long-term returns of developing market equities have firmly outpaced those offered by developed markets. In addition, capitalization ratios — stock market capitalization as a share of GDP — in emerging economies have risen significantly in the last decade. Developing stock markets were hit particularly hard by 2008’s financial crisis, but showed their resilience by bouncing back. Today,returns have nearly recovered to pre-crash levels. The emerging equity markets have expanded andtheir remarkable progress relates to the broader economic growth these markets have enjoyed over the last 25 years. As developing nations’ equity markets become increasingly integrated with the developed world’s financial mechanisms, we look to a possible future where emerging markets are increasingly stable, but unable to offer the returns of a decade ago. Technology has contributed to a bang and a crash at the Stock Markets across the globe and created an invisible world where billions of pounds changes hands in milliseconds.

Item Type: Article
Uncontrolled Keywords: Technical Analysis, Equity Shares, ITC Sector
Subjects: Departments at MU > Commerce
Depositing User: MIM User
Date Deposited: 18 Sep 2015 14:03
Last Modified: 19 Sep 2015 09:57
URI: http://eprints.manipal.edu/id/eprint/143901

Actions (login required)

View Item View Item