Mar 02

Why Are NISM Exams So Important?

NISM, also known as the National Institute of Securities Markets, is known for improving the level of education that professionals in finance receive. Professionals who pass National Institute of Securities Markets exams are certified to perform finance-related tasks, and without NISM certification, it’s quite possible that you will be unable to get a job in the finance and securities industries. Why? Because National Institute of Securities Markets designed their tests to set the standard for the very minimum that each finance professional should know in order to be able to work in the field.

There is a very distinct need for consumers, government officials, and other professionals to be able to tell who actually is legitimately educated in the world of securities. There have been cases where thieves posed as investment professionals, made off with others’ money, and were unable to be found. By creating NISM certifications, consumers are protected against fraud. Moreover, these exams also help set a national standard in terms of the education level that people can expect from the finance professionals that are handling their money.

Without these exams, there really is no national benchmark for professional knowledge in securities. This means that people who want to work with professionals that actually are knowledgeable would have little means to distinguish the qualified professionals from those who might just be trying to make a quick buck. Employers and investors are more comfortable hiring people who have passed NISM exams, simply because it shows that they know what they are talking about and that they are actually serious about their careers.

Unlike many other certifications that you could get, NISM exams have the distinct difference of being backed by government sponsorship. It is one of the few organizations that were actually put forth at the recommendation of the Finance Minister, and it also has the added benefit of being established for several years. Passing NISM exams is soon, if it isn’t already, going to become a legal prerequisite for people who want to work in the finance field.

Another reason why NISM exams are so important is because they are the first certification exams to focus on securities in an objective manner. If you are concerned about passing your NISM exams, don’t be. NISM has developed easy to read study guides, courses, and help kits for those who want to get certified through one of their many tests. Since NISM exams are designed to be a series of cut-and-dry, easy to score standardized tests, you don’t have to worry about subjective scoring.

Make no mistake about it; passing your NISM exams is an important step to becoming a well-rounded professional. Having a NISM certification shows consumers that you know what you are talking about, and that you will handle their financial needs in a professional manner. If you want to work in securities, start studying! With a little effort, you will be able to pass your NISM exams in no time flat.

Feb 11

Daily Market Commentary – 11 Feb 2015

Indian equity market rose for the second consecutive day on the hopes that huge margin defeat to spur faster reform by the BJP led central government before elections on other states in few months. Front line inex Sensex ended the day at 28,533.97, surged by 178.35 points while Nifty wrapped up the session at 8,276.40, up by 61.85 points.

Traders expect Finance Minister Arun Jaitley to boost capital spending and offer tax breaks to an under-performing manufacturing sector in the federal budget on February 28.

The rupee ended marginally lower today against the US dollar at 62.25, down by 7 paisa

Among the sectorial indices CNX Metal was the top performer, surged by 1.71% followed by CNX Auto (1.12%) and CNX FMCG (1.08%). CNX Media was the only loser of the day, plunged by 0.51%.

Market breadth of the NSE remained positve for the day with 825 shares advances, 361 declines and 23 remain unchanged.

Out of the 50 stocks of Nifty 39 stocks ended in poistive territory and 11 in negative.

Top 5 Nifty Gainers: Jindal Steel (6.48%), Tech Mahindra (3.00%), Axis Bank (2.78%), Asian Paints (2.53%) and NTPC (2.52%).

Top 5 Nifty Losers: ONGC (-2.72%), BHEL (-2.29%), ZEE (-1.41%), CAIRN (-1.10%) and Mahindra & Mahindra (-0.72%).

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Feb 09

Daily Market Commentary – 9 Feb 2015

Indian equity market continued its loosing streak for the 7th straight trading session on the back of exit polls showing that AAP would form the government in Delhi. Weak Q3 earnings also weighed on sentiments. NSE’s Nifty plunged 134.70 points, over 1.5% to end the day at 8,526.35 while Sensex fell down by 490 points to end 28,227.39, down by 1.71%.

Tata Steel shares fell  on Monday after the steel major reported a 69% drop in its December quarter profits. Its consolidated net profit fell to Rs 157 crore in the three months through December 31, the lowest since the second quarter of 2013, from Rs 503 crore a year earlier. Its revenues declined 8% to Rs 33,633 crore in the October-December quarter of 2014.

Larsen and Toubro (L&T) third quarter profit fell  14.6% year-on-year to Rs 1,060 crore on standalone basis. Profit was expected at Rs 1,255 crore on revenue of Rs 15,973 crore for the quarter, according to the average of estimates of analysts polled. Net sales grew 4.2% to Rs 14,995 crore during October-December quarter from Rs 14,388 crore in same quarter last year.  Consolidated net profit increased 9% to Rs 867 crore and revenue rose 9.7% to Rs 23,878 crore during the quarter. Analysts had expected profit of Rs 1,075 crore on revenue of Rs 22,850 crore.

The rupee plunged past 62 a dollar due to fresh demand for the dollar from importers, falling 47 paise to end 62.16 a dollar.

Among the NSE’s Sectorial indices, all the indices ended in negative terrain. CNX PSU Bank (-3.48%), CNX Metal (-2.65%) and CNX Realty (-2.55%) were top laggards.

Top 5 Nifty Gainers: Bajaj Auto (2.06%), HCL (2.03%), Dr. Reddy (1.80%), Sun Pharma (1.58%) and ONGC (1.52%)

Top 5 Nifty Losers: L&T (-6.60%), Tata Steel (-5.75%), Sesa Sterlite (-4.65%), Gail (-4.6%) and CIPLA (-3.88%)

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