Hisar, Sep 18 (UNI) Guru Jambheshwar University of Science and Technology Vice Chancellor Dr R P Bajpai today inaugurated Haryana School of Business Student Stock Exchange (HSB-SSE) here.
While congratulating the faculty and students for the innovative concept, Dr Bajpai said, ''Establishment of Student Stock Exchange will help the students to keep a close watch on market trends, analysing companies on a sectoral basis and placing buy or sell of shares.'' ''Objective of the Student Stock Exchange is to acquaint the students about operations of stock exchange and to measure the effect of international or political events, monetary policy, industrial policy and expiration effect of derivatives on the prices of share,'' Dr Bajpai said.
''Buying and selling of equity shares will take place at the closing price of previous day of Nifty stock. Trading times of the Student Stock Exchange will be 0845 hrs to 0900 hrs from Monday to Friday,'' said Haryana School of Business Director Prof Harbhajan Bansal.
Profits and losses will be notional but students have to pay brokerage in cash that would be used to distribute the prizes to the winners, who earn maximum profits, said Prof Bansal.
Final year students of the MBA (Finance) will manage the whole activity on day-to-day basis. A Board of Directors comprising of 13 members (Faculty-7 and Students-6) will monitor the Students' Stock Exchange in the HSB on the lines of actual stock markets in the country, said Mr Bansal UNI