Stock Market

“Analysis of investor perception, apprehension and decision making in Indian stock markets”

Final Project Report

Submitted to Punjab Technical University in partial fulfillment of the requirements for the degree of

MASTER OF BUSINESS ADMINISTRATION

By

ACHINT GUPTA

616221021

GIAN JYOTI INSTITUTE OF MANAGEMENT AND TECHNOLOGY

MOHALI

2008

“Analysis of investor perception, apprehension and decision making in Indian stock markets”

Final Project Report

Submitted to Punjab Technical University in partial fulfillment of the requirements for the degree of

MASTER OF BUSINESS ADMINISTRATION

By

ACHINT GUPTA

616221021

GIAN JYOTI INSTITUTE OF MANAGEMENT AND TECHNOLOGY

MOHALI

2008

PREFACE

“It is generally agreed that casinos should, in the public interest, be inaccessible and expensive. And perhaps the same is true of Stock Exchanges,” So wrote a British economist, John Maynard Keynes, in 1935. Keynes’s jibe is not entirely misplaced; more than a few punters approach the stock markets in the same spirit as the race track or the roulette wheel. Yet for all their shortcomings, as Keynes himself acknowledged, stock markets offer one singular advantage: they are the best way to bring people with money to invest together with people who can put that investment to productive use.

ACKNOWLEDGEMENT

This humble endeavor bears the imprint of many persons who were in one way or the other helpful in the completion of my project. I would like to take this opportunity to present my vote of thanks to my guides who acted as lighting pillars to enlighten my way through out this project. This project would not have been possible without the kind assistance and guidance of many people who indeed were helpful, cooperative and kind during the entire course of my project.

My special thanks are due towards Mr. Raminder Bir Singh (Personal Banker, HDFC BANK, Sohana) for his sincere advice and wholehearted cooperation that guided me to the...