India has become the most favorable destination for investments in the world. Many leading funds from various countries such as US, Japan and Taiwan are buying shares in India in large quantities with increased confidence in the growing Indian economy. India Inc. is posting excellent results.
The oldest stock exchange – BSE as well as NSE in India are offering online trading facilities through various brokers including Geojit Financial Services, Trivandrum, CapstocksIndia Trivandrum, ICICIDirect.com, HDFC, Indiabulls, Kotakstreet, Indiainfoline and Sharekhan.com. To avail this facility one has to register with a broker. BSE has also launched stock trading through mobile recently. For availing this service one has to register with BSEwebx.com and sign an agreement with a broker, who has registered with BSE for providing online trading.
Online trading requires a faster Internet connection and a PC. It enables the user to pick the best stock interested by the user instantly without the help of a broker. Also he can sell the shares/take delivery of shares. In some instances brokers are busy with many clients and the investor may not be able to buy the share instantly he wants. Online trading helps him to buy/sell the shares instantly. In case the share is going up you can buy instantly by putting higher value. The user can also sell the shares instantly in case he is loosing. Online trading also enables the traders to place offline orders in case they are busy during business hours. Of course the user has bear the cost of Internet connection. But he can really make up more money in the bullish market and these charges are negligible.
The user should also maintain a bank account for Internet trading or deposit amount with his broker. He should be careful in choosing the online trading site. Many brokers are offering online trading facility on different platforms. Some of them even show positions.
Online trading confirms the order before placing, which prevents errors. In case of Internet connection failure or slow connection, the users can buy/sell the shares through phone also. The users should be aware of some the security risks also.
The brokers have also started sending e-contract notes enabling the users to confirm their trades on the same day leaving no scope for error.
The mobile usage in India is achieving exponential growth. Some of the players including Airtel, Reliance Infocom and TataIndicom are providing the facility to view the stock quotes quickly on the move.
Some of the best picks in the Indian stock market include Reliance Industries, Tata Chemicals, Bajaj Hindustan, SAIL, Tata Elxi, STAR, Andhra Sugars, Bell Ceramics, Shardul securities, TTK Healthcare, Alok Industries, IGL, Indorama Synthetics, Graphite India, Philips carbon Black, Eurotex Industries and Assam Brook.
Venkateswara rao m s
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