An Account Of The Stock Brokers In India

Stock brokers in India deal in various stock exchanges

. Two major stock exchanges are Bombay Stock Exchange - BSE and National Stock Exchange NSE. Besides these big ones, stock brokers in India deal in following smaller stock exchanges like OTC Exchange of India, U.P. Stock Exchange Ltd., Jaipur Stock Exchange Ltd., Madras Stock Exchange Ltd., Cochin Stock Exchange Ltd., Bangalore Stock Exchange Ltd., The Gauhati Stock Exchange Limited, The Ludhiana Stock Exchange Ltd., The Calcutta Stock Exchange Ltd., Bhubaneshwar Stock Exchange Ltd., The Delhi Stock Exchange Ltd., Vadodara Stock Exchange Ltd., Ahmedabad Stock Exchange Ltd., Madhya Pradesh Stock Exchange Ltd., Pune Stock Exchange Ltd., Inter connected Stock Exchange of India Ltd., MCX Stock Exchange Ltd., United Stock Exchange of India Limited, Coimbatore Stock Exchange.

While there are many stock exchanged based on regions in India and some that deal nationwide, the basic types of stock brokers in India are of three types. Before discussing that thought it is important to understand what a stock broker does and why is he/she needed.

A stock broker in essence is a regulated professional employed with a brokerage firm. These are middlemen between the investor who wishes to invest in various trading options and the stock market. Since it is not possible for the stock exchange to deal with each investor individually, without proper authorizations, thus stock brokers are required in India and all over the world to do the dealings. As said before, the stock brokers in India are of three types:

Discretionary Dealing : The broker estimates the investors investment objectives and makes all decisions on investors behalf.

Advisory Dealing : The broker advices the investor about various investment options but the final decision is made by the investor himself.

Execution Only : The broker gets all trading instructions from the investor and is only required to carry out the investors instructions.

While these were ways telephonic or personally trading, gradually over the years due to the enormity of number of people buying, selling and dealing in shares and other securities trading has gone online! Online stock trading is so convenient and sorted that many investors now prefer the same over the old ways of trading. The advantages of Online share trading are numerous. From real time trading and investments in IPOs, Mutual funds and Bonds to checking trading history, demat balance and bank account balance is only a click away!

This thus summaries an account of online mutual fund investment, online stock trading, online share trading and stock brokers in India with its merits.

by: Shomik Gupta

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