A Portrait of my Industrial Visit to Verka Milk Plant,Ludhiana

With my Lovely Professional University friends

International youth Forum,New delhi 2012

With my delegate members

International Youth Forum,New Delhi 2012

Winners of President and Vice president for IYF

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Welcome to my Blog.

I am still Developing this page so you may find some problems in it..I "ll try to fix this as soon as possible.Sorry for Inconvenience-Abdul Zelani

Wednesday, 15 August 2012

Global Stock Markets Timings- by Zelani

Indian Capital Markets

Trading on the Indian Capital Markets segment takes place on all weekdays
There will be No trading on Saturday, Sunday and Published Indian Stock Market Holidays declared by the Indian Stock Exchange in advance.
The Market Opens at: 09:15 hours and Closes at: 15:30 hours
Pre open session will be from 09:00 to 09:15 hours
Pre-open trade session is a 15 minute trade session from 9:00AM to 9:15AM on the 50 stocks of NIFTY index .
Only 50 stocks of the NIFTY index can be traded during this time on both NSE and BSE. Normal trading for all other stocks will start at 9:15AM till 3:30PM.
In stock Markets News Plays a major  role ..sorry not major role it fully depended on it .


In LPU only officia UMS News will effect you but where as in Stock Markets even a foolish Roomer also Effect adversely in stock market.

In case of a major event or announcement comes before market opens like other country news and some news which is declared on holidays etcc. IIP industrial Production Index will comes every third Friday of month if it’s holiday then this give major impact on BSE/NSE. Special events include merger and acquisition announcements, open offers, delistings, debt-restructurings, credit-rating downgrades etc which may have a deep impact on investors wealth. In order to stabilize this, pre open call auction is conducted to discover the right price and to reduce volatility.

The 15 minutes of pre open session is broken into 8 + 4 + 3.
The first 8 minutes:  During this session investors can place/ modify /cancel orders on the basis of which the exchanges would determine the rates at which trading would happen. Orders are not accepted after this initial 8 minutes.
In the next four minutes, orders are matched, executable price is discovered and trades are confirmed. The next 3 minutes ls for hmmmmm for ringing bell? Just kidding lol I don’t know about that 3 minutes.(There is lot more about Pre Market session But I know only this much)

Apart from the BSE and NSE, there are 21 regional exchanges which open at normal hours 9:15  to 15:30 hrs.

As I said above some times announcements comes before market opens like other country  stock exchange performances
Apart from this, global trends in stocks also affect the Indian market when it opens.
WORLD STOCK MARKET TIME ACCORDING TO India (Up to know I have just anlysed opening session ,In two or three days I will update it with closing sessions also)
Shanghai stock exchange  – Opens at 7.30 Am
·         Hong Kong stock exchange -  Opens at 7.55 Am
·         Tokyo stock exchange  - Opens at 5.50 Am
·         South Korea – Opens at 5.50 Am
·         NYSE, New York  – Opens at 8.30 Pm
·         NASDAQ  – Opens at 8.30 Pm
·         BOVESPA , Brazil – Opens at 7 Pm
·         Bogota,  Columbia – Opens at 7 Pm
·         Dow Jones – Opens at 7.30 Pm
·         Bye for now .. presently i am busy with Ramazan month Prayers so  i'll add some more exchanges timings.......... stay updated
…have a nice day !
And also Happy 66th Independence Day Jai hind!

Copy rights at Abdul Zelani,Lovely Proff University.

Monday, 13 August 2012

What happens if your bank goes bankrupt_Abdul Zelani

What happens if your bank goes belly up:
Most banks today agreed to follow the Banking Codes and Standards Board of India’s (BCSBI), code of bank’s commitments to customers. This code, works for fair treatment of customers. However, this code does not do much for you, in case your bank goes belly up. Narayanan Raja, Chief Executive Officer, BCSBI, says, “The code looks into the commitments from banks side to its customers, but does not cover issues which the customer might have to face in case the bank goes belly up. This issue is looked into by DICGC.”
As a depositor you don’t really need to be worried about your bank going belly up, well almost. Reason being, the deposits which you make with your bank come with some sort of a safety net. This safety net, in banking parlance is an insurance provided on your deposits by Deposit Insurance and Credit Guarantee Corporation (DICGC).  This corporation comes under the wings of the Reserve Bank of India (RBI) and as its name suggest, offers an insurance cover on the deposits you make and also guarantee credit. Says, a senior officer, who did not want to be named, from the DICGC, “All commercial banks are covered by DICGC. ” All foreign banks which are currently functioning in India, as well as co-operative banks and rural regional banks are also covered.
So, if you hold Rs 97,000 as principal and Rs 2000 as interest, you will be able to recover Rs 99,000 and not Rs 1 lakh. But, if you hold Rs 2 lakh, you will still get only Rs1 lakh, in case your bank goes belly up.What’s the amount: You get this cover for your funds in the savings account, as well as current accounts. Fixed Deposits and recurring deposits also enjoy this cover. The DICGC official says, “Your deposits are insured up to a maximum of Rs 1 lakh.” So, if you hold a deposit of Rs 20,000 you will only get Rs 20,000. Keep in mind, that this Rs 1 lakh amount includes both the principal as well as interest amount.
Multiple accounts –same bank: If you have multiple accounts in the same bank, DICGC will total the amount while taking into account the insurance cover and you will get a maximum of Rs 1 lakh.
Different Banks: Here the insurance ceiling will apply separately for different banks. So, from insurance point of view, it would make sense to divide your funds in few separate banks, instead of parking it all in the same bank.
Joint Accounts: If you hold a joint account, the insurance limit will be applicable to each holder of the joint account and accounts held in different names of the member of the family.
How are you paid: If the bank fails, DICGC will pay you the amount within two months from the date of liquidation of the bank. If the failed bank undergoes a merger and acquisition, the failed banks’ business is transferred to the healthier bank.
On loans: If you owe any dues to the bank, they have the right to set off such dues, and the remaining amount will be given to you by DICGC. If you have borrowed (loan) from the bank and if your bank goes bust, that does not mean you won’t be liable to pay the debt. Says, a senior, RBI officer, “The apex bank will then appoint an administrator to look into the matters of the bank. As far as loans go, they will be recovered from the borrower as per rules.”
Don’t kill your bank: Banking is all about trust. And while the banking system does seem to provide a safety net, you also have to ensure that you do your bit. Says, RBI officer, “Of course customers have to be cautious while choosing a bank, but they also have to ensure they don’t become the reason for the death of the bank. Never rush to withdraw deposits based on rumors.” Of course, it does not look like any bank is going belly up in the near future, (we hope not) but surely it does not harm to be aware and educated, were the need to arise.
                       Syed Abdul Zelani,Lovely Professional University.