{"id":11313,"date":"2025-09-08T13:53:20","date_gmt":"2025-09-08T08:23:20","guid":{"rendered":"https:\/\/www.5paisa.com\/finschool\/?post_type=markets&#038;p=11313"},"modified":"2025-09-09T21:50:34","modified_gmt":"2025-09-09T16:20:34","slug":"stock-market-indices","status":"publish","type":"markets","link":"https:\/\/www.5paisa.com\/finschool\/course\/stock-market-basics-course\/stock-market-indices\/","title":{"rendered":"Learn Stock Market Indices From Stock Market Basics Course"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"11313\" class=\"elementor elementor-11313\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-23ba90b elementor-section-full_width tab_container elementor-section-height-default elementor-section-height-default\" data-id=\"23ba90b\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-b6a6f9f\" data-id=\"b6a6f9f\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-e0f864e elementor-section-full_width elementor-section-height-default elementor-section-height-default\" data-id=\"e0f864e\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-wide\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-7efb245 chapters_list\" data-id=\"7efb245\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-33d4575 elementor-widget elementor-widget-shortcode\" data-id=\"33d4575\" data-element_type=\"widget\" data-widget_type=\"shortcode.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-shortcode\">\t<script>\n\t\tjQuery(document).ready(function(){\n\t\t\tjQuery(\"#post_chapters a[href*='\" + location.pathname + \"']\").addClass(\"current\");\n\t\t})\n\t<\/script>\n\t<div class=\"desktop_chapters\"><div id=\"post_chapters\"><div class=\"post_chapters-heading\">Chapters<\/div><ul><li><i class=\"fa fa-chevron-right\"><\/i>&nbsp;&nbsp;&nbsp;<a href=\"https:\/\/www.5paisa.com\/finschool\/course\/stock-market-basics-course\/investment-basics\/\">Investment Basics<\/a><\/li><li><i class=\"fa fa-chevron-right\"><\/i>&nbsp;&nbsp;&nbsp;<a href=\"https:\/\/www.5paisa.com\/finschool\/course\/stock-market-basics-course\/securities\/\">What are Securities?<\/a><\/li><li><i class=\"fa fa-chevron-right\"><\/i>&nbsp;&nbsp;&nbsp;<a href=\"https:\/\/www.5paisa.com\/finschool\/course\/stock-market-basics-course\/market-intermediaries\/\">Market Intermediaries<\/a><\/li><li><i class=\"fa fa-chevron-right\"><\/i>&nbsp;&nbsp;&nbsp;<a href=\"https:\/\/www.5paisa.com\/finschool\/course\/stock-market-basics-course\/learn-more-about-primary-market-from-stock-market-basic-course\/\">Primary Market<\/a><\/li><li><i class=\"fa fa-chevron-right\"><\/i>&nbsp;&nbsp;&nbsp;<a href=\"https:\/\/www.5paisa.com\/finschool\/course\/stock-market-basics-course\/ipo-basics\/\">IPO Basics<\/a><\/li><li><i class=\"fa fa-chevron-right\"><\/i>&nbsp;&nbsp;&nbsp;<a href=\"https:\/\/www.5paisa.com\/finschool\/course\/stock-market-basics-course\/secondary-market\/\">Secondary Market<\/a><\/li><li><i class=\"fa fa-chevron-right\"><\/i>&nbsp;&nbsp;&nbsp;<a href=\"https:\/\/www.5paisa.com\/finschool\/course\/stock-market-basics-course\/products-in-secondary-market\/\">Products In Secondary Market<\/a><\/li><li><i class=\"fa fa-chevron-right\"><\/i>&nbsp;&nbsp;&nbsp;<a href=\"https:\/\/www.5paisa.com\/finschool\/course\/stock-market-basics-course\/stock-market-indices\/\">Stock Market Indices<\/a><\/li><li><i class=\"fa fa-chevron-right\"><\/i>&nbsp;&nbsp;&nbsp;<a href=\"https:\/\/www.5paisa.com\/finschool\/course\/stock-market-basics-course\/who-are-depositories\/\">Commonly Used Jargons<\/a><\/li><li><i class=\"fa fa-chevron-right\"><\/i>&nbsp;&nbsp;&nbsp;<a href=\"https:\/\/www.5paisa.com\/finschool\/course\/stock-market-basics-course\/learn-trading-terminal-from-stock-market-course\/\">Trading Terminal<\/a><\/li><li><i class=\"fa fa-chevron-right\"><\/i>&nbsp;&nbsp;&nbsp;<a href=\"https:\/\/www.5paisa.com\/finschool\/course\/stock-market-basics-course\/learn-clearing-and-settlement-process-from-stock-market-course\/\">Clearing and Settlement Process<\/a><\/li><li><i class=\"fa fa-chevron-right\"><\/i>&nbsp;&nbsp;&nbsp;<a href=\"https:\/\/www.5paisa.com\/finschool\/course\/stock-market-basics-course\/learn-corporate-actions-and-impact-on-stock-prices-from-stock-market-course\/\">Corporate actions and impact on stock prices<\/a><\/li><li><i class=\"fa fa-chevron-right\"><\/i>&nbsp;&nbsp;&nbsp;<a href=\"https:\/\/www.5paisa.com\/finschool\/course\/stock-market-basics-course\/learn-about-market-mood-swings-from-stock-market-course\/\"> Market\u2019s Mood Swings<\/a><\/li><\/ul><\/div><\/div><div class=\"chapters_toggle\" title=\"chapters\"><a title=\"chapters\" href=\"#\" id=\"open_chapters\"><span>View Chapters<\/span>&nbsp;&nbsp;&nbsp;<i class=\"fa fa-chevron-right\"><\/i><\/a><a title=\"chapters\" href=\"#\" id=\"close_chapters\" style=\"display:none;\"><span>Hide Chapters<\/span>&nbsp;&nbsp;&nbsp;<i class=\"fa fa-chevron-right\"><\/i><\/a><\/div>\t<script>\n\t\tjQuery(document).ready(function(){\n\t\t\tjQuery('.chapters_toggle #open_chapters').click(function(e){\n\t\t\t\te.preventDefault();\n\t\t\t\tjQuery('.desktop_chapters').css(\"left\",\"0px\");\n\t\t\t\tjQuery('#open_chapters').css(\"display\",\"none\");\n\t\t\t\tjQuery('#close_chapters').css(\"display\",\"block\");\n\t\t\t\t\/\/jQuery('.chapters_toggle').css(\"width\",\"200px\");\n\t\t\t})\n\t\t\tjQuery('.chapters_toggle #close_chapters').click(function(e){\n\t\t\t\te.preventDefault();\n\t\t\t\tjQuery('.desktop_chapters').css(\"left\",\"-480px\");\n\t\t\t\tjQuery('#open_chapters').css(\"display\",\"block\");\n\t\t\t\tjQuery('#close_chapters').css(\"display\",\"none\");\n\t\t\t\t\/\/jQuery('.chapters_toggle').css(\"width\",\"100%\");\n\t\t\t})\n\t\t});\n\t<\/script>\n\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-93f371b tabs_contents\" data-id=\"93f371b\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-90f6d06 market_content_tabs elementor-widget elementor-widget-eael-adv-tabs\" data-id=\"90f6d06\" data-element_type=\"widget\" data-widget_type=\"eael-adv-tabs.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t        <div data-scroll-on-click=\"no\" data-scroll-speed=\"300\" id=\"eael-advance-tabs-90f6d06\" class=\"eael-advance-tabs eael-tabs-horizontal eael-tab-auto-active \" data-tabid=\"90f6d06\">\n            <div class=\"eael-tabs-nav \">\n                <ul class=\"eael-tab-inline-icon\" role=\"tablist\">\n                                            <li id=\"study\" class=\"active-default eael-tab-item-trigger eael-tab-nav-item\" aria-selected=\"true\" data-tab=\"1\" role=\"tab\" tabindex=\"0\" aria-controls=\"study-tab\" aria-expanded=\"false\">\n                            \n                                                                <i class=\"far fa-edit\"><\/i>                                                            \n                                                            <span class=\"eael-tab-title title-after-icon\" >Study<\/span>                            \n                                                    <\/li>\n                                            <li id=\"slides\" class=\" eael-tab-item-trigger eael-tab-nav-item\" aria-selected=\"false\" data-tab=\"2\" role=\"tab\" tabindex=\"-1\" aria-controls=\"slides-tab\" aria-expanded=\"false\">\n                            \n                                                                <i class=\"fas fa-book-open\"><\/i>                                                            \n                                                            <span class=\"eael-tab-title title-after-icon\" >Slides<\/span>                            \n                                                    <\/li>\n                                            <li id=\"videos\" class=\" eael-tab-item-trigger eael-tab-nav-item\" aria-selected=\"false\" data-tab=\"3\" role=\"tab\" tabindex=\"-1\" aria-controls=\"videos-tab\" aria-expanded=\"false\">\n                            \n                                                                <i class=\"far fa-eye\"><\/i>                                                            \n                                                            <span class=\"eael-tab-title title-after-icon\" >Videos<\/span>                            \n                                                    <\/li>\n                    \n                                  <\/ul>\n            <\/div>\n            \n            <div class=\"eael-tabs-content\">\n\t\t        \n                    <div id=\"study-tab\" class=\"clearfix eael-tab-content-item active-default\" data-title-link=\"study-tab\">\n\t\t\t\t        <p><div class='white' style='background:rgb(255, 255, 255); border:solid 0px rgb(255, 255, 255); border-radius:0px; padding:0px 0px 0px 1px;'>\n<div id='text_slider' class='owl-carousel sa_owl_theme owl-pagination-true' data-slider-id='text_slider' style='visibility: visible;visibility:visible;'>\n<div id='text_slider_slide01' class='sa_hover_container' data-hash='Stock-Market-Indices' style='padding:4.9% 5%; margin:0px 0%; background-color:rgb(255, 255, 255); min-height:400px; '><h2 style=\"text-align: left\"><strong>8.1 <\/strong><strong><b>Stock Market Indices<\/b><\/strong><\/h2>\r\n<p><img fetchpriority=\"high\" decoding=\"async\" class=\"aligncenter wp-image-74694 size-full\" src=\"https:\/\/www.5paisa.com\/finschool\/wp-content\/uploads\/2021\/10\/Stock-Market-Indices.png\" alt=\"Stock Market Indices\" width=\"927\" height=\"554\" srcset=\"https:\/\/www.5paisa.com\/finschool\/wp-content\/uploads\/2021\/10\/Stock-Market-Indices.png 927w, https:\/\/www.5paisa.com\/finschool\/wp-content\/uploads\/2021\/10\/Stock-Market-Indices-300x179.png 300w, https:\/\/www.5paisa.com\/finschool\/wp-content\/uploads\/2021\/10\/Stock-Market-Indices-768x459.png 768w, https:\/\/www.5paisa.com\/finschool\/wp-content\/uploads\/2021\/10\/Stock-Market-Indices-50x30.png 50w, https:\/\/www.5paisa.com\/finschool\/wp-content\/uploads\/2021\/10\/Stock-Market-Indices-100x60.png 100w, https:\/\/www.5paisa.com\/finschool\/wp-content\/uploads\/2021\/10\/Stock-Market-Indices-150x90.png 150w\" sizes=\"(max-width: 927px) 100vw, 927px\" \/><\/p>\r\n<p>&nbsp;<\/p>\r\n<p>In the vast architecture of financial markets, stock indices act as critical scaffolding. They\u00a0not\u00a0only\u00a0provide\u00a0a\u00a0condensed\u00a0narrative\u00a0of\u00a0market\u00a0Behavior\u00a0but\u00a0also\u00a0shape\u00a0how traders interpret, respond, and position themselves. Understanding how indices work, and how to work with them is indispensable to serious market participants.<\/p>\r\n<p>This\u00a0chapter\u00a0deconstructs\u00a0the\u00a0nature,\u00a0relevance,\u00a0evolution,\u00a0and\u00a0tactical\u00a0use\u00a0of\u00a0stock\u00a0market indices in a trader&#8217;s toolkit.<\/p>\r\n<p><em><strong>Nirav:\u00a0Vedant,\u00a0I\u00a0keep\u00a0seeing\u00a0Nifty\u00a0and\u00a0Sensex\u00a0flashing\u00a0across\u00a0news\u00a0screens.\u00a0Are\u00a0they\u00a0just headline numbers or do they actually mean something deeper?<\/strong><\/em><\/p>\r\n<p><em><strong>Vedant:\u00a0They\u2019re\u00a0much\u00a0more\u00a0than\u00a0headlines.\u00a0Stock\u00a0market\u00a0indices\u00a0are\u00a0like\u00a0economic thermometers\u2014they track selected stocks to show how a segment of the market is performing. Let\u2019s unpack why they matter.<\/strong><\/em><\/p>\r\n<p><strong>Stock Market Indices: What Are They and Why Do They Matter?<\/strong><\/p>\r\n<p>Think of a stock market index like a report card. A report card shows how a student is doing in subjects. An index like Nifty 50 or Sensex shows how a group of companies is doing in the market. If the index goes up it means the student is doing better. This indicates improvement. If it drops it means the student is doing worse. This signals performance. Investors use this &#8220;report card&#8221; to see how the market is doing.<\/p>\r\n<p>A stock market index is an average of a few selected stocks. These stocks represent a part of the market. This part could be based on how big the companiesre what sector they are in or other filters. The index gives one number that shows how all these stocks are doing together.. It&#8217;s more than just a number. It shows how people feel about the market how money is moving and whats happening in the economy.<\/p>\r\n<p>For example when the Nifty 50 goes up it means that many top Indian companies are doing well. This makes people optimistic. When the S&amp;P 500 changes suddenly after a Fed announcement it shows how traders investors and others react to news about the economy.<\/p>\r\n<p><em><strong>Nirav: So how do they choose which stocks to include in an index?<\/strong><\/em><\/p>\r\n<p><em><strong>Vedant: That&#8217;s a question. Choosing stocks for an index isn&#8217;t random. It involves selecting stocks deciding how much each stock counts and making sure it fits the indexs goal. Lets look at how it works.<\/strong><\/em><\/p><\/div>\n<div id='text_slider_slide02' class='sa_hover_container' data-hash='Designing-an-Index' style='padding:4.9% 5%; margin:0px 0%; background-color:rgb(255, 255, 255); min-height:400px; '><h2 style=\"text-align: left\"><strong>8.2 <\/strong><strong><b>Designing an Index<\/b><\/strong><\/h2>\r\n<p><img decoding=\"async\" class=\"aligncenter wp-image-74695 size-full\" src=\"https:\/\/www.5paisa.com\/finschool\/wp-content\/uploads\/2025\/09\/Designing-an-Index.png\" alt=\"Designing an Index\" width=\"925\" height=\"828\" srcset=\"https:\/\/www.5paisa.com\/finschool\/wp-content\/uploads\/2025\/09\/Designing-an-Index.png 925w, https:\/\/www.5paisa.com\/finschool\/wp-content\/uploads\/2025\/09\/Designing-an-Index-300x269.png 300w, https:\/\/www.5paisa.com\/finschool\/wp-content\/uploads\/2025\/09\/Designing-an-Index-768x687.png 768w, https:\/\/www.5paisa.com\/finschool\/wp-content\/uploads\/2025\/09\/Designing-an-Index-50x45.png 50w, https:\/\/www.5paisa.com\/finschool\/wp-content\/uploads\/2025\/09\/Designing-an-Index-100x90.png 100w, https:\/\/www.5paisa.com\/finschool\/wp-content\/uploads\/2025\/09\/Designing-an-Index-150x134.png 150w\" sizes=\"(max-width: 925px) 100vw, 925px\" \/><\/p>\r\n<p>The two main stock market indices in India are the S&amp;P BSE Sensex and the CNX Nifty. These indices are like thermometers for the stock market. They measure how well or poorly the market is doing at any given time. The S&amp;P in Sensex comes from Standard &amp; Poors. They are experts in creating indices. They work with the Bombay Stock Exchange to make the Sensex. The CNX Nifty is managed by a team that includes the National Stock Exchange and CRISIL.<\/p>\r\n<p><strong>So why do these indices matter? <\/strong><\/p>\r\n<p>They are like indicators of how a crowd&#8217;s feeling. If the index goes up it means investors are feeling confident. They think the economy will grow or companies will do well. If it drops it means investors are worried. They might be worried about the economy, company. Changes in policy. These changes show how many investors are changing their expectations. Watching the index is like reading what the market is thinking. Before creating an index its purpose must be clear. Is it meant to show how the whole market is doing?.<\/p>\r\n<p><strong>Does it focus on a specific sector or theme?<\/strong><\/p>\r\n<p>Once the goal is clear the team selects which stocks to include. This might include all companies listed on an exchange.. It might include only some companies that fit certain criteria like size or liquidity.<\/p>\r\n<p>For example the Nifty 50 includes companies listed on the National Stock Exchange. It focuses on how big the companiesre how easily their stocks can be traded.<\/p>\r\n<p><em><strong>Nirav: There must be rules to decide which companies are included. Not every listed company is in the Nifty or Sensex.<\/strong><\/em><\/p>\r\n<p><em><strong>Vedant: That&#8217;s right. Rules, like liquidity, market capitalization, sector representation and trading frequency are important. Lets look at these rules in detail.<\/strong><\/em><\/p><\/div>\n<div id='text_slider_slide03' class='sa_hover_container' data-hash='Eligibility-and-Screening-Criteria' style='padding:4.9% 5%; margin:0px 0%; background-color:rgb(255, 255, 255); min-height:400px; '><h2 style=\"text-align: left\"><strong>8.3 <\/strong><strong><b>Eligibility and Screening Criteria<\/b><\/strong><\/h2>\r\n<p><img decoding=\"async\" class=\"aligncenter wp-image-74696 size-full\" src=\"https:\/\/www.5paisa.com\/finschool\/wp-content\/uploads\/2025\/09\/Eligibility-and-Screening-Criteria.png\" alt=\"Eligibility and Screening Criteria\" width=\"1056\" height=\"910\" srcset=\"https:\/\/www.5paisa.com\/finschool\/wp-content\/uploads\/2025\/09\/Eligibility-and-Screening-Criteria.png 1056w, https:\/\/www.5paisa.com\/finschool\/wp-content\/uploads\/2025\/09\/Eligibility-and-Screening-Criteria-300x259.png 300w, https:\/\/www.5paisa.com\/finschool\/wp-content\/uploads\/2025\/09\/Eligibility-and-Screening-Criteria-1024x882.png 1024w, https:\/\/www.5paisa.com\/finschool\/wp-content\/uploads\/2025\/09\/Eligibility-and-Screening-Criteria-768x662.png 768w, https:\/\/www.5paisa.com\/finschool\/wp-content\/uploads\/2025\/09\/Eligibility-and-Screening-Criteria-50x43.png 50w, https:\/\/www.5paisa.com\/finschool\/wp-content\/uploads\/2025\/09\/Eligibility-and-Screening-Criteria-100x86.png 100w, https:\/\/www.5paisa.com\/finschool\/wp-content\/uploads\/2025\/09\/Eligibility-and-Screening-Criteria-150x129.png 150w\" sizes=\"(max-width: 1056px) 100vw, 1056px\" \/><\/p>\r\n<p>This\u00a0stage\u00a0filters\u00a0the\u00a0universe\u00a0by\u00a0applying\u00a0rules\u00a0such\u00a0as:<\/p>\r\n<p><strong>Free-Float\u00a0Market\u00a0Capitalization:\u00a0<\/strong>Only\u00a0includes\u00a0publicly\u00a0tradable\u00a0shares,\u00a0excluding\u00a0promoter\u00a0holdings.\u00a0This\u00a0ensures\u00a0price\u00a0movement\u00a0reflects\u00a0real\u00a0market\u00a0participation.<\/p>\r\n<p><strong>Liquidity\u00a0Thresholds:<\/strong>\u00a0Stocks\u00a0must\u00a0meet\u00a0minimum\u00a0turnover\u00a0or\u00a0trading\u00a0frequency\u00a0to\u00a0\u00a0ensure they\u2019re investable and trackable.<\/p>\r\n<p><strong>Listing\u00a0History:<\/strong>\u00a0New\u00a0IPOs\u00a0may\u00a0be\u00a0excluded\u00a0until\u00a0they\u2019ve\u00a0traded\u00a0for\u00a0a\u00a0certain duration\u2014common in stability-focused indices.<\/p>\r\n<p><strong>Sectoral\u00a0Balance:<\/strong>\u00a0Some\u00a0indices\u00a0cap\u00a0weight\u00a0to\u00a0prevent\u00a0over\u00a0concentration.<\/p>\r\n<p><em><strong>Nirav:\u00a0I\u2019ve\u00a0noticed\u00a0some\u00a0stocks\u00a0influence\u00a0index\u00a0movements\u00a0more\u00a0than\u00a0others.\u00a0Is that due to their size?<\/strong><\/em><\/p>\r\n<p><em><strong>Vedant:\u00a0That\u2019s\u00a0due\u00a0to\u00a0weighting.\u00a0Different\u00a0indices\u00a0use\u00a0market\u00a0cap-weighting,\u00a0equal-weighting or other methods.\u00a0Time to explore how weights shape index behavior.<\/strong><\/em><\/p><\/div>\n<div id='text_slider_slide04' class='sa_hover_container' data-hash='Weighting-Methodology' style='padding:4.9% 5%; margin:0px 0%; min-height:400px; '><h2 style=\"text-align: left\"><strong>8.4 <\/strong><strong><b>Weighting Methodology<\/b><\/strong><\/h2>\r\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-74697 size-full\" src=\"https:\/\/www.5paisa.com\/finschool\/wp-content\/uploads\/2025\/09\/Weighing-Methodology.png\" alt=\"Weighing Methodology\" width=\"972\" height=\"1078\" srcset=\"https:\/\/www.5paisa.com\/finschool\/wp-content\/uploads\/2025\/09\/Weighing-Methodology.png 972w, https:\/\/www.5paisa.com\/finschool\/wp-content\/uploads\/2025\/09\/Weighing-Methodology-271x300.png 271w, https:\/\/www.5paisa.com\/finschool\/wp-content\/uploads\/2025\/09\/Weighing-Methodology-923x1024.png 923w, https:\/\/www.5paisa.com\/finschool\/wp-content\/uploads\/2025\/09\/Weighing-Methodology-768x852.png 768w, https:\/\/www.5paisa.com\/finschool\/wp-content\/uploads\/2025\/09\/Weighing-Methodology-45x50.png 45w, https:\/\/www.5paisa.com\/finschool\/wp-content\/uploads\/2025\/09\/Weighing-Methodology-90x100.png 90w, https:\/\/www.5paisa.com\/finschool\/wp-content\/uploads\/2025\/09\/Weighing-Methodology-150x166.png 150w\" sizes=\"(max-width: 972px) 100vw, 972px\" \/><\/p>\r\n<p><strong>Once\u00a0constituents\u00a0are\u00a0selected,\u00a0assigning\u00a0weights\u00a0determines\u00a0their\u00a0influence:<\/strong><\/p>\r\n<ul>\r\n<li><strong>Market Cap Weighted:<\/strong> Larger companies exert more pull on the index. This mirrors real-world\u00a0market\u00a0impact\u00a0but\u00a0can\u00a0skew\u00a0toward\u00a0a\u00a0few\u00a0giants.<\/li>\r\n<li><strong>Price\u00a0Weighted:<\/strong>\u00a0Higher-priced\u00a0stocks\u00a0have\u00a0a\u00a0greater\u00a0say.\u00a0Used\u00a0in\u00a0legacy\u00a0indices\u00a0like the Dow Jones.<\/li>\r\n<li><strong>Equal\u00a0Weighted:\u00a0<\/strong>Every\u00a0stock\u00a0gets\u00a0the\u00a0same\u00a0importance.\u00a0Offers\u00a0pure-play\u00a0\u00a0diversification,\u00a0but\u00a0is\u00a0more\u00a0volatile\u00a0and\u00a0less\u00a0reflective\u00a0of\u00a0market\u00a0cap\u00a0reality.<\/li>\r\n<li><strong>Factor-Based\/Smart Beta:<\/strong> Custom weighting based on valuation metrics (P\/E, P\/B),\u00a0earnings\u00a0quality,\u00a0or\u00a0volatility.\u00a0Popular\u00a0in\u00a0thematic\u00a0indices.<\/li>\r\n<\/ul>\r\n<p>Traders\u00a0monitor\u00a0weighting\u00a0to\u00a0gauge\u00a0how\u00a0a\u00a0single\u00a0stock&#8217;s\u00a0movement\u00a0could\u00a0drive the entire index\u2014vital in event-driven trading and hedging.<\/p>\r\n<p>&nbsp;<\/p><\/div>\n<div id='text_slider_slide05' class='sa_hover_container' data-hash='Market-Index-Calculation-Methods' style='padding:4.9% 5%; margin:0px 0%; min-height:400px; '><h2 style=\"text-align: left\"><strong>8.5 <\/strong><strong><b>Market Index Calculation Methods<\/b><\/strong><\/h2>\r\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-74698 size-full\" src=\"https:\/\/www.5paisa.com\/finschool\/wp-content\/uploads\/2025\/09\/Market-Index-Calculation-Methods.png\" alt=\"Market Index Calculation Methods\" width=\"919\" height=\"954\" srcset=\"https:\/\/www.5paisa.com\/finschool\/wp-content\/uploads\/2025\/09\/Market-Index-Calculation-Methods.png 919w, https:\/\/www.5paisa.com\/finschool\/wp-content\/uploads\/2025\/09\/Market-Index-Calculation-Methods-289x300.png 289w, https:\/\/www.5paisa.com\/finschool\/wp-content\/uploads\/2025\/09\/Market-Index-Calculation-Methods-768x797.png 768w, https:\/\/www.5paisa.com\/finschool\/wp-content\/uploads\/2025\/09\/Market-Index-Calculation-Methods-48x50.png 48w, https:\/\/www.5paisa.com\/finschool\/wp-content\/uploads\/2025\/09\/Market-Index-Calculation-Methods-96x100.png 96w, https:\/\/www.5paisa.com\/finschool\/wp-content\/uploads\/2025\/09\/Market-Index-Calculation-Methods-150x156.png 150w\" sizes=\"(max-width: 919px) 100vw, 919px\" \/><\/p>\r\n<p><strong>1.Market\u00a0Capitalization\u00a0Weighted\u00a0Index\u00a0(most\u00a0common)<\/strong><\/p>\r\n<p>Used by indices like Nifty 50 and Sensex.<\/p>\r\n<p><strong>Formula:<\/strong><\/p>\r\n<p><strong>Index\u00a0Value= (Current\u00a0Market\u00a0Cap\u00a0of\u00a0Constituents\/Base\u00a0Market\u00a0Cap)\u00a0\u00d7Base\u00a0Index\u00a0Value<\/strong><\/p>\r\n<ul>\r\n<li>MarketCap\u00a0=\u00a0Total\u00a0Outstanding\u00a0Shares\u00a0\u00d7\u00a0Current\u00a0Share\u00a0Price<\/li>\r\n<li>Free-Float Market Cap: Only includes shares available for public trading (excludes\u00a0\u00a0promoter holdings, government stakes, etc.)<\/li>\r\n<li>Why Free-Float? It better reflects actual market movements and reduces manipulation risk.<\/li>\r\n<\/ul>\r\n<p><strong>Example (Free-Float Method)<\/strong><\/p>\r\n<p>Let\u00a0us\u00a0say we have 3 companies:<\/p>\r\n<p>Company\u00a0Shares\u00a0Outstanding\u00a0Free-Float<\/p>\r\n<table>\r\n<tbody>\r\n<tr>\r\n<td width=\"97\">\r\n<p>&nbsp;<\/p>\r\n<p>%<\/p>\r\n<\/td>\r\n<td width=\"132\">\r\n<p>&nbsp;<\/p>\r\n<p>Price \u00a0\u00a0\u00a0<\/p>\r\n<\/td>\r\n<td width=\"171\">\r\n<p>&nbsp;<\/p>\r\n<p>Free-Float\u00a0\u00a0<\/p>\r\n<\/td>\r\n<td width=\"322\">\r\n<p>&nbsp;<\/p>\r\n<p>Market\u00a0Cap<\/p>\r\n<\/td>\r\n<\/tr>\r\n<tr>\r\n<td width=\"97\">\r\n<p>A Ltd<\/p>\r\n<\/td>\r\n<td width=\"132\">\r\n<p>10,000<\/p>\r\n<\/td>\r\n<td width=\"171\">\r\n<p>80% \u20b9200<\/p>\r\n<\/td>\r\n<td width=\"322\">\r\n<p>\u20b916,00,000<\/p>\r\n<\/td>\r\n<\/tr>\r\n<tr>\r\n<td width=\"97\">\r\n<p>B\u00a0Ltd<\/p>\r\n<\/td>\r\n<td width=\"132\">\r\n<p>20,000<\/p>\r\n<\/td>\r\n<td width=\"171\">\r\n<p>60%\u00a0\u20b9300<\/p>\r\n<\/td>\r\n<td width=\"322\">\r\n<p>\u20b936,00,000<\/p>\r\n<\/td>\r\n<\/tr>\r\n<tr>\r\n<td width=\"97\">\r\n<p>C\u00a0Ltd<\/p>\r\n<\/td>\r\n<td width=\"132\">\r\n<p>30,000<\/p>\r\n<\/td>\r\n<td width=\"171\">\r\n<p>50%\u00a0\u20b9400<\/p>\r\n<\/td>\r\n<td width=\"322\">\r\n<p>\u20b960,00,000<\/p>\r\n<\/td>\r\n<\/tr>\r\n<\/tbody>\r\n<\/table>\r\n<p>Total Free-Float\u00a0Market\u00a0Cap\u00a0=\u00a0\u20b91,12,00,000<\/p>\r\n<p>If\u00a0base\u00a0market\u00a0cap\u00a0=\u00a0\u20b91,00,00,000\u00a0and\u00a0base\u00a0index\u00a0value\u00a0=\u00a01000:\u00a0Index\u00a0Value=\u00a0(1,12,00,000\/1,00,00,000) \u00d71000=1120<\/p>\r\n<p><strong>Why\u00a0It\u00a0Matters<\/strong><\/p>\r\n<ul>\r\n<li>Helps investors track market sentiment<\/li>\r\n<li>Used for benchmarking portfolio performance<\/li>\r\n<li>Drives passive investing via ETFs and Index Funds<\/li>\r\n<\/ul>\r\n<p><em><strong>Nirav: Markets are always changing companies are. Growing or declining. How do indices stay updated? <\/strong><\/em><\/p>\r\n<p><em><strong>Vedant: They use rebalancing and reconstitution\u2014these processes help keep the index current and accurate. Let\u2019s see how it works and why it is important.<\/strong><\/em><\/p><\/div>\n<div id='text_slider_slide06' class='sa_hover_container' data-hash='Rebalancing-and-Reconstitution' style='padding:4.9% 5%; margin:0px 0%; min-height:400px; '><h2 style=\"text-align: left\"><strong>8.6 <\/strong><strong><b>Rebalancing and Reconstitution<\/b><\/strong><\/h2>\r\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-74699 size-full\" src=\"https:\/\/www.5paisa.com\/finschool\/wp-content\/uploads\/2025\/09\/Rebalancing-and-Reconstitution.png\" alt=\"Rebalancing and Reconstitution\" width=\"959\" height=\"1007\" srcset=\"https:\/\/www.5paisa.com\/finschool\/wp-content\/uploads\/2025\/09\/Rebalancing-and-Reconstitution.png 959w, https:\/\/www.5paisa.com\/finschool\/wp-content\/uploads\/2025\/09\/Rebalancing-and-Reconstitution-286x300.png 286w, https:\/\/www.5paisa.com\/finschool\/wp-content\/uploads\/2025\/09\/Rebalancing-and-Reconstitution-768x806.png 768w, https:\/\/www.5paisa.com\/finschool\/wp-content\/uploads\/2025\/09\/Rebalancing-and-Reconstitution-48x50.png 48w, https:\/\/www.5paisa.com\/finschool\/wp-content\/uploads\/2025\/09\/Rebalancing-and-Reconstitution-95x100.png 95w, https:\/\/www.5paisa.com\/finschool\/wp-content\/uploads\/2025\/09\/Rebalancing-and-Reconstitution-150x158.png 150w\" sizes=\"(max-width: 959px) 100vw, 959px\" \/><\/p>\r\n<p>Markets keep changing. Indices must change too. Here\u2019s why:<\/p>\r\n<ul>\r\n<li>\u00a0Rebalancing is when we adjust the stock amounts periodically to show changes, in market value or available shares.<\/li>\r\n<li>\u00a0Reconstitution is when we replace stocks that no longer qualify with ones.<\/li>\r\n<\/ul>\r\n<p>Rebalancing can happen monthly, quarterly or every six months depending on how volatile the market&#8217;s the strategy. For example Nifty indices usually rebalance every six months with checks every six months.<\/p>\r\n<p>Index changes\u2014especially when stocks are added or removed\u2014can cause price changes as big investors move their money to match the updated list. Traders often use this information to get a strategy called index front-running).<\/p>\r\n<p><em><strong>Nirav: It seems like there are a lot of decisions happening behind the scenes. Who makes sure indices aren\u2019t rigged?<\/strong><\/em><\/p>\r\n<p><em><strong>Vedant: That\u2019s where rules, oversight groups and transparency come in\u2014these things keep the index credible. Let\u2019s go through the safeguards.<\/strong><\/em><\/p><\/div>\n<div id='text_slider_slide07' class='sa_hover_container' data-hash='Governance-and-Transparency' style='padding:4.9% 5%; margin:0px 0%; min-height:400px; '><h2 style=\"text-align: left\"><strong>8.7 <\/strong><strong><b>Governance and Transparency<\/b><\/strong><\/h2>\r\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-74700 size-full\" src=\"https:\/\/www.5paisa.com\/finschool\/wp-content\/uploads\/2025\/09\/Governance-and-Transparency.png\" alt=\"Governance and Transparency\" width=\"956\" height=\"989\" srcset=\"https:\/\/www.5paisa.com\/finschool\/wp-content\/uploads\/2025\/09\/Governance-and-Transparency.png 956w, https:\/\/www.5paisa.com\/finschool\/wp-content\/uploads\/2025\/09\/Governance-and-Transparency-290x300.png 290w, https:\/\/www.5paisa.com\/finschool\/wp-content\/uploads\/2025\/09\/Governance-and-Transparency-768x795.png 768w, https:\/\/www.5paisa.com\/finschool\/wp-content\/uploads\/2025\/09\/Governance-and-Transparency-48x50.png 48w, https:\/\/www.5paisa.com\/finschool\/wp-content\/uploads\/2025\/09\/Governance-and-Transparency-97x100.png 97w, https:\/\/www.5paisa.com\/finschool\/wp-content\/uploads\/2025\/09\/Governance-and-Transparency-150x155.png 150w\" sizes=\"(max-width: 956px) 100vw, 956px\" \/><\/p>\r\n<p>Credible\u00a0index\u00a0design\u00a0requires:<\/p>\r\n<ul>\r\n<li>Clearly documented methodology (publicly available rulebooks)<\/li>\r\n<li>Independent index committees that govern inclusion decisions<\/li>\r\n<li>Back-testing to validate index performance historically<\/li>\r\n<li>Handling of corporate actions like stock splits, dividends, mergers, etc., in a consistent and transparent way<\/li>\r\n<\/ul>\r\n<p>The\u00a0governance\u00a0structure\u00a0ensures\u00a0that\u00a0indices\u00a0maintain\u00a0integrity\u00a0and\u00a0can\u00a0be\u00a0trusted\u00a0as benchmarks for funds, ETFs, and derivatives.<\/p>\r\n<p><em><strong>Nirav:\u00a0I\u00a0saw\u00a0traders\u00a0using\u00a0Nifty\u00a0Futures\u00a0for\u00a0short-term\u00a0plays.\u00a0Are\u00a0indices\u00a0tradeable?<\/strong><\/em><\/p>\r\n<p><em><strong>Vedant:\u00a0Through\u00a0derivatives\u00a0like\u00a0futures\u00a0and\u00a0options.\u00a0They\u2019re\u00a0tactical\u00a0tools\u00a0for hedging and speculation. Let\u2019s explore this playground.<\/strong><\/em><\/p><\/div>\n<div id='text_slider_slide08' class='sa_hover_container' data-hash='Behavioral-Finance-and-Stock-Market-Indices' style='padding:4.9% 5%; margin:0px 0%; min-height:400px; '><h2 style=\"text-align: left\"><strong>8.8 <\/strong><strong><b>Behavioral Finance and Stock Market Indices: A Study of Crowd Psychology<\/b><\/strong><\/h2>\r\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-74701 size-full\" src=\"https:\/\/www.5paisa.com\/finschool\/wp-content\/uploads\/2025\/09\/Behavioral-Finance-and-Stock-Market-Indices-A-Study-of-Crowd-Psychology.png\" alt=\"Behavioral Finance and Stock Market Indices A Study of Crowd Psychology\" width=\"814\" height=\"864\" srcset=\"https:\/\/www.5paisa.com\/finschool\/wp-content\/uploads\/2025\/09\/Behavioral-Finance-and-Stock-Market-Indices-A-Study-of-Crowd-Psychology.png 814w, https:\/\/www.5paisa.com\/finschool\/wp-content\/uploads\/2025\/09\/Behavioral-Finance-and-Stock-Market-Indices-A-Study-of-Crowd-Psychology-283x300.png 283w, https:\/\/www.5paisa.com\/finschool\/wp-content\/uploads\/2025\/09\/Behavioral-Finance-and-Stock-Market-Indices-A-Study-of-Crowd-Psychology-768x815.png 768w, https:\/\/www.5paisa.com\/finschool\/wp-content\/uploads\/2025\/09\/Behavioral-Finance-and-Stock-Market-Indices-A-Study-of-Crowd-Psychology-47x50.png 47w, https:\/\/www.5paisa.com\/finschool\/wp-content\/uploads\/2025\/09\/Behavioral-Finance-and-Stock-Market-Indices-A-Study-of-Crowd-Psychology-94x100.png 94w, https:\/\/www.5paisa.com\/finschool\/wp-content\/uploads\/2025\/09\/Behavioral-Finance-and-Stock-Market-Indices-A-Study-of-Crowd-Psychology-150x159.png 150w\" sizes=\"(max-width: 814px) 100vw, 814px\" \/><\/p>\r\n<p>&nbsp;<\/p>\r\n<ul>\r\n<li>A Study of Crowd Psychology Indices Reflect Collective Emotion, Not Just Fundamentals<\/li>\r\n<\/ul>\r\n<p>Following a trending diet because everyone\u2019s doing it mirrors how traders chase index rallies\u2014driven by herd behavior and emotion, not logic. When the trend reverses, both your energy and the market dip. Ads boasting \u201c1 million successful dieters\u201d reflect anchoring bias\u2014just like round-number milestones in indices. Stock indices may be built on math, but they\u2019re shaped by investor psychology. Behavioral biases like fear, greed, and recency distort judgment, leading to overreactions\u2014like \u201crelief rallies\u201d after bad news simply because things didn\u2019t get worse.<\/p>\r\n<p>&gt;Example:\u00a0After\u00a0the\u00a02020\u00a0COVID\u00a0crash,\u00a0Nifty\u00a0surged\u00a0well\u00a0before\u00a0earnings\u00a0recovery\u2014this was sentiment leading price, not logic trailing valuation.<\/p>\r\n<p><strong>Herding\u00a0and\u00a0Momentum\u00a0in\u00a0Index\u00a0Constituents<\/strong><\/p>\r\n<p>Index-heavy stocks like Reliance, HDFC Bank, or TCS often attract disproportionate investor flows during bull markets due to herding Behavior. When these stocks move, the index follows\u2014not necessarily because of fundamentals, but because everyone believes they\u2019re \u201csafe bets.\u201d This creates self-fulfilling momentum.<\/p>\r\n<p>&gt;A\u00a0trader\u00a0chasing\u00a0Nifty\u00a0because\u00a0Reliance\u00a0broke\u00a0out\u00a0isn\u2019t\u00a0necessarily\u00a0buying\u00a0the market; they\u2019re buying consensus belief.<\/p>\r\n<p><strong>The\u00a0problem?\u00a0<\/strong><\/p>\r\n<p>When\u00a0the\u00a0herd\u00a0exits,\u00a0the\u00a0fall\u00a0is\u00a0just\u00a0as\u00a0sharp\u2014fuelled\u00a0by\u00a0the\u00a0same psychology in reverse.<\/p>\r\n<p><strong>Anchoring\u00a0Around\u00a0Round\u00a0Numbers<\/strong><\/p>\r\n<p>Indices\u00a0exhibit\u00a0strong\u00a0anchoring\u00a0bias\u00a0near\u00a0psychological\u00a0levels\u2014think\u00a0Nifty\u00a020,000 \u00a0or Sensex 70,000.\u00a0These are not mathematically significant, but they act like\u00a0magnets for price action:<\/p>\r\n<ul>\r\n<li>Traders place stop-losses or targets near round numbers.<\/li>\r\n<li>News outlets amplify importance: \u201cNifty hits new milestone!\u201d<\/li>\r\n<li>Options OI spikes around these levels, influencing expiry dynamics.<\/li>\r\n<\/ul>\r\n<p>This anchors market sentiment and even options premiums\u2014often creating synthetic\u00a0resistance\/support\u00a0zones\u00a0based\u00a0more\u00a0on\u00a0psychology\u00a0than\u00a0market structure.<\/p>\r\n<p><strong>Overreaction and Underreaction Phenomena Behavioral biases often cause:<\/strong><\/p>\r\n<ul>\r\n<li><strong>Overreaction<\/strong>: A surprise inflation prints causes panic selling across all indices\u2014even defensive ones\u2014despite limited long-term impact.<\/li>\r\n<li><strong>Underreaction:<\/strong> A large policy reform is dismissed because markets are \u201cwaiting for confirmation,\u201d only to price it in months later with momentum-driven moves.<\/li>\r\n<\/ul>\r\n<p>Indices\u00a0aggregate\u00a0these\u00a0behaviors,\u00a0especially\u00a0during\u00a0earnings\u00a0seasons,\u00a0policy events, or budget speeches where emotional swings amplify mispricing\u2019s.<\/p>\r\n<p><strong>Sentiment\u00a0Indicators\u00a0and\u00a0Contrarian\u00a0Signals<\/strong><\/p>\r\n<p>Many\u00a0traders\u00a0use\u00a0Put\/Call\u00a0Ratios,\u00a0India\u00a0VIX,\u00a0and\u00a0index\u00a0OI\u00a0build-up\u00a0to\u00a0read\u00a0emotional sentiment. These are proxies for:<\/p>\r\n<ul>\r\n<li>Greed (overbought zones, excessive call buying)<\/li>\r\n<li>Fear (deep OTM puts, panic volume spikes)<\/li>\r\n<li>Complacency (low VIX despite macro risk)<\/li>\r\n<\/ul>\r\n<p>Contrarian traders often enter positions when these indicators flash extremes. For\u00a0example,\u00a0if\u00a0Nifty\u00a0options\u00a0show\u00a0heavy\u00a0short\u00a0covering\u00a0near\u00a0ATHs\u00a0with\u00a0low\u00a0VIX,\u00a0it\u00a0may\u00a0signal euphoria\u2014a warning that a pullback could be near.<\/p>\r\n<p><strong>Recency\u00a0Bias\u00a0and\u00a0Trend\u00a0Chasing<\/strong><\/p>\r\n<p>Humans\u00a0tend\u00a0to\u00a0overweigh\u00a0recent\u00a0outcomes\u00a0when\u00a0forecasting\u00a0the\u00a0future.\u00a0So,\u00a0if\u00a0Nifty has\u00a0delivered\u00a03\u00a0straight\u00a0green\u00a0candles,\u00a0traders\u00a0assume\u00a0the\u00a0trend\u00a0will\u00a0continue,\u00a0even in absence of fresh triggers.<\/p>\r\n<p><strong>This\u00a0explains:<\/strong><\/p>\r\n<ul>\r\n<li>Late entry into rallies<\/li>\r\n<li>Fear of missing out (FOMO)<\/li>\r\n<li>Blow-off tops driven purely by momentum followers<\/li>\r\n<\/ul>\r\n<p>This\u00a0Behavior\u00a0is\u00a0profitable\u00a0only\u00a0if\u00a0you\u2019re\u00a0early.\u00a0For\u00a0laggards,\u00a0trend\u00a0chasing\u00a0at\u00a0index peaks becomes a pain trade.<\/p>\r\n<p><strong>Loss\u00a0Aversion\u00a0and\u00a0Risk\u00a0Positioning<\/strong><\/p>\r\n<p>According\u00a0to\u00a0Behavioral\u00a0finance,\u00a0losses\u00a0hurt\u00a0more\u00a0than\u00a0gains\u00a0feel\u00a0good\u2014often\u00a0twice as much. In index terms:<\/p>\r\n<ul>\r\n<li>Traders hold on to losing positions hoping for a turnaround.<\/li>\r\n<li>Index short sellers cover too early at minor upticks due to fear.<\/li>\r\n<li>Investors sell profitable positions too soon, undercutting compounding.<\/li>\r\n<\/ul>\r\n<p>This emotional volatility often leads to under-performance despite correct views\u2014a psychological trap especially dangerous in leveraged Nifty\/Bank Nifty trades.<\/p>\r\n<p><strong>Nifty\u00a050\u00a0Index\u00a0with\u00a0weightage<\/strong><\/p>\r\n<p>Sr\u00a0No Company\u00a0Weightage*<\/p>\r\n<table>\r\n<tbody>\r\n<tr>\r\n<td width=\"172\">\r\n<p><strong><b>Sr No<\/b><\/strong><\/p>\r\n<\/td>\r\n<td width=\"489\">\r\n<p><strong><b>Company<\/b><\/strong><\/p>\r\n<\/td>\r\n<td width=\"413\">\r\n<p><strong><b>Weightage<\/b><\/strong><strong><sup><b>*<\/b><\/sup><\/strong><\/p>\r\n<\/td>\r\n<\/tr>\r\n<tr>\r\n<td width=\"172\">\r\n<p>1<\/p>\r\n<\/td>\r\n<td width=\"489\">\r\n<p>RELIANCE INDUSTRIES LTD<\/p>\r\n<\/td>\r\n<td width=\"413\">\r\n<p>9.54 %<\/p>\r\n<\/td>\r\n<\/tr>\r\n<tr>\r\n<td width=\"172\">\r\n<p>2<\/p>\r\n<\/td>\r\n<td width=\"489\">\r\n<p>HDFC BANK LTD<\/p>\r\n<\/td>\r\n<td width=\"413\">\r\n<p>7.85 %<\/p>\r\n<\/td>\r\n<\/tr>\r\n<tr>\r\n<td width=\"172\">\r\n<p>3<\/p>\r\n<\/td>\r\n<td width=\"489\">\r\n<p>BHARTI AIRTEL LTD<\/p>\r\n<\/td>\r\n<td width=\"413\">\r\n<p>5.86 %<\/p>\r\n<\/td>\r\n<\/tr>\r\n<tr>\r\n<td width=\"172\">\r\n<p>4<\/p>\r\n<\/td>\r\n<td width=\"489\">\r\n<p>TATA CONSULTANCY SERVICES LTD<\/p>\r\n<\/td>\r\n<td width=\"413\">\r\n<p>5.61 %<\/p>\r\n<\/td>\r\n<\/tr>\r\n<tr>\r\n<td width=\"172\">\r\n<p>5<\/p>\r\n<\/td>\r\n<td width=\"489\">\r\n<p>ICICI BANK LTD<\/p>\r\n<\/td>\r\n<td width=\"413\">\r\n<p>5.23 %<\/p>\r\n<\/td>\r\n<\/tr>\r\n<tr>\r\n<td width=\"172\">\r\n<p>6<\/p>\r\n<\/td>\r\n<td width=\"489\">\r\n<p>STATE BANK OF INDIA<\/p>\r\n<\/td>\r\n<td width=\"413\">\r\n<p>3.92 %<\/p>\r\n<\/td>\r\n<\/tr>\r\n<tr>\r\n<td width=\"172\">\r\n<p>7<\/p>\r\n<\/td>\r\n<td width=\"489\">\r\n<p>INFOSYS LTD<\/p>\r\n<\/td>\r\n<td width=\"413\">\r\n<p>3.09 %<\/p>\r\n<\/td>\r\n<\/tr>\r\n<tr>\r\n<td width=\"172\">\r\n<p>8<\/p>\r\n<\/td>\r\n<td width=\"489\">\r\n<p>HINDUSTAN UNILEVER LTD<\/p>\r\n<\/td>\r\n<td width=\"413\">\r\n<p>2.99 %<\/p>\r\n<\/td>\r\n<\/tr>\r\n<tr>\r\n<td width=\"172\">\r\n<p>9<\/p>\r\n<\/td>\r\n<td width=\"489\">\r\n<p>BAJAJ FINANCE LTD<\/p>\r\n<\/td>\r\n<td width=\"413\">\r\n<p>2.75 %<\/p>\r\n<\/td>\r\n<\/tr>\r\n<tr>\r\n<td width=\"172\">\r\n<p>10<\/p>\r\n<\/td>\r\n<td width=\"489\">\r\n<p>ITC LTD<\/p>\r\n<\/td>\r\n<td width=\"413\">\r\n<p>2.65 %<\/p>\r\n<\/td>\r\n<\/tr>\r\n<tr>\r\n<td width=\"172\">\r\n<p>11<\/p>\r\n<\/td>\r\n<td width=\"489\">\r\n<p>LARSEN &amp; TOUBRO LTD<\/p>\r\n<\/td>\r\n<td width=\"413\">\r\n<p>2.60 %<\/p>\r\n<\/td>\r\n<\/tr>\r\n<tr>\r\n<td width=\"172\">\r\n<p>12<\/p>\r\n<\/td>\r\n<td width=\"489\">\r\n<p>MARUTI SUZUKI INDIA LTD<\/p>\r\n<\/td>\r\n<td width=\"413\">\r\n<p>2.09 %<\/p>\r\n<\/td>\r\n<\/tr>\r\n<tr>\r\n<td width=\"172\">\r\n<p>13<\/p>\r\n<\/td>\r\n<td width=\"489\">\r\n<p>MAHINDRA &amp; MAHINDRA LTD<\/p>\r\n<\/td>\r\n<td width=\"413\">\r\n<p>2.08 %<\/p>\r\n<\/td>\r\n<\/tr>\r\n<tr>\r\n<td width=\"172\">\r\n<p>14<\/p>\r\n<\/td>\r\n<td width=\"489\">\r\n<p>HCL TECHNOLOGIES LTD<\/p>\r\n<\/td>\r\n<td width=\"413\">\r\n<p>2.07 %<\/p>\r\n<\/td>\r\n<\/tr>\r\n<tr>\r\n<td width=\"172\">\r\n<p>15<\/p>\r\n<\/td>\r\n<td width=\"489\">\r\n<p>SUN PHARMACEUTICAL INDUSTRIES LTD<\/p>\r\n<\/td>\r\n<td width=\"413\">\r\n<p>2.02 %<\/p>\r\n<\/td>\r\n<\/tr>\r\n<tr>\r\n<td width=\"172\">\r\n<p>16<\/p>\r\n<\/td>\r\n<td width=\"489\">\r\n<p>KOTAK MAHINDRA BANK LTD<\/p>\r\n<\/td>\r\n<td width=\"413\">\r\n<p>2.02 %<\/p>\r\n<\/td>\r\n<\/tr>\r\n<tr>\r\n<td width=\"172\">\r\n<p>17<\/p>\r\n<\/td>\r\n<td width=\"489\">\r\n<p>ULTRATECH CEMENT LTD<\/p>\r\n<\/td>\r\n<td width=\"413\">\r\n<p>1.86 %<\/p>\r\n<\/td>\r\n<\/tr>\r\n<tr>\r\n<td width=\"172\">\r\n<p>18<\/p>\r\n<\/td>\r\n<td width=\"489\">\r\n<p>AXIS BANK LTD<\/p>\r\n<\/td>\r\n<td width=\"413\">\r\n<p>1.70 %<\/p>\r\n<\/td>\r\n<\/tr>\r\n<tr>\r\n<td width=\"172\">\r\n<p>19<\/p>\r\n<\/td>\r\n<td width=\"489\">\r\n<p>NTPC LTD<\/p>\r\n<\/td>\r\n<td width=\"413\">\r\n<p>1.69 %<\/p>\r\n<\/td>\r\n<\/tr>\r\n<tr>\r\n<td width=\"172\">\r\n<p>20<\/p>\r\n<\/td>\r\n<td width=\"489\">\r\n<p>TITAN COMPANY LTD<\/p>\r\n<\/td>\r\n<td width=\"413\">\r\n<p>1.59 %<\/p>\r\n<\/td>\r\n<\/tr>\r\n<tr>\r\n<td width=\"172\">\r\n<p>21<\/p>\r\n<\/td>\r\n<td width=\"489\">\r\n<p>BAJAJ FINSERV LTD<\/p>\r\n<\/td>\r\n<td width=\"413\">\r\n<p>1.58 %<\/p>\r\n<\/td>\r\n<\/tr>\r\n<tr>\r\n<td width=\"172\">\r\n<p>22<\/p>\r\n<\/td>\r\n<td width=\"489\">\r\n<p>ZOMATO LTD<\/p>\r\n<\/td>\r\n<td width=\"413\">\r\n<p>1.58 %<\/p>\r\n<\/td>\r\n<\/tr>\r\n<tr>\r\n<td width=\"172\">\r\n<p>23<\/p>\r\n<\/td>\r\n<td width=\"489\">\r\n<p>OIL &amp; NATURAL GAS CORPORATION LTD<\/p>\r\n<\/td>\r\n<td width=\"413\">\r\n<p>1.53 %<\/p>\r\n<\/td>\r\n<\/tr>\r\n<tr>\r\n<td width=\"172\">\r\n<p>24<\/p>\r\n<\/td>\r\n<td width=\"489\">\r\n<p>BHARAT ELECTRONICS LTD<\/p>\r\n<\/td>\r\n<td width=\"413\">\r\n<p>1.44 %<\/p>\r\n<\/td>\r\n<\/tr>\r\n<tr>\r\n<td width=\"172\">\r\n<p>25<\/p>\r\n<\/td>\r\n<td width=\"489\">\r\n<p>ADANI PORTS AND SPECIAL ECONOMIC ZONE LTD<\/p>\r\n<\/td>\r\n<td width=\"413\">\r\n<p>1.44 %<\/p>\r\n<\/td>\r\n<\/tr>\r\n<tr>\r\n<td width=\"172\">\r\n<p>26<\/p>\r\n<\/td>\r\n<td width=\"489\">\r\n<p>POWER GRID CORPORATION OF INDIA LTD<\/p>\r\n<\/td>\r\n<td width=\"413\">\r\n<p>1.38 %<\/p>\r\n<\/td>\r\n<\/tr>\r\n<tr>\r\n<td width=\"172\">\r\n<p>27<\/p>\r\n<\/td>\r\n<td width=\"489\">\r\n<p>ADANI ENTERPRISES LTD<\/p>\r\n<\/td>\r\n<td width=\"413\">\r\n<p>1.35 %<\/p>\r\n<\/td>\r\n<\/tr>\r\n<tr>\r\n<td width=\"172\">\r\n<p>28<\/p>\r\n<\/td>\r\n<td width=\"489\">\r\n<p>WIPRO LTD<\/p>\r\n<\/td>\r\n<td width=\"413\">\r\n<p>1.33 %<\/p>\r\n<\/td>\r\n<\/tr>\r\n<tr>\r\n<td width=\"172\">\r\n<p>29<\/p>\r\n<\/td>\r\n<td width=\"489\">\r\n<p>JSW STEEL LTD<\/p>\r\n<\/td>\r\n<td width=\"413\">\r\n<p>1.31 %<\/p>\r\n<\/td>\r\n<\/tr>\r\n<tr>\r\n<td width=\"172\">\r\n<p>30<\/p>\r\n<\/td>\r\n<td width=\"489\">\r\n<p>TATA MOTORS LTD<\/p>\r\n<\/td>\r\n<td width=\"413\">\r\n<p>1.26 %<\/p>\r\n<\/td>\r\n<\/tr>\r\n<tr>\r\n<td width=\"172\">\r\n<p>31<\/p>\r\n<\/td>\r\n<td width=\"489\">\r\n<p>ASIAN PAINTS LTD<\/p>\r\n<\/td>\r\n<td width=\"413\">\r\n<p>1.25 %<\/p>\r\n<\/td>\r\n<\/tr>\r\n<tr>\r\n<td width=\"172\">\r\n<p>32<\/p>\r\n<\/td>\r\n<td width=\"489\">\r\n<p>COAL INDIA LTD<\/p>\r\n<\/td>\r\n<td width=\"413\">\r\n<p>1.22 %<\/p>\r\n<\/td>\r\n<\/tr>\r\n<tr>\r\n<td width=\"172\">\r\n<p>33<\/p>\r\n<\/td>\r\n<td width=\"489\">\r\n<p>BAJAJ AUTO LTD<\/p>\r\n<\/td>\r\n<td width=\"413\">\r\n<p>1.18 %<\/p>\r\n<\/td>\r\n<\/tr>\r\n<tr>\r\n<td width=\"172\">\r\n<p>34<\/p>\r\n<\/td>\r\n<td width=\"489\">\r\n<p>NESTLE INDIA LTD<\/p>\r\n<\/td>\r\n<td width=\"413\">\r\n<p>1.08 %<\/p>\r\n<\/td>\r\n<\/tr>\r\n<tr>\r\n<td width=\"172\">\r\n<p>35<\/p>\r\n<\/td>\r\n<td width=\"489\">\r\n<p>JIO FINANCIAL SERVICES LTD<\/p>\r\n<\/td>\r\n<td width=\"413\">\r\n<p>1.07 %<\/p>\r\n<\/td>\r\n<\/tr>\r\n<tr>\r\n<td width=\"172\">\r\n<p>36<\/p>\r\n<\/td>\r\n<td width=\"489\">\r\n<p>TATA STEEL LTD<\/p>\r\n<\/td>\r\n<td width=\"413\">\r\n<p>1.00 %<\/p>\r\n<\/td>\r\n<\/tr>\r\n<tr>\r\n<td width=\"172\">\r\n<p>37<\/p>\r\n<\/td>\r\n<td width=\"489\">\r\n<p>TRENT LTD<\/p>\r\n<\/td>\r\n<td width=\"413\">\r\n<p>0.98 %<\/p>\r\n<\/td>\r\n<\/tr>\r\n<tr>\r\n<td width=\"172\">\r\n<p>38<\/p>\r\n<\/td>\r\n<td width=\"489\">\r\n<p>GRASIM INDUSTRIES LTD<\/p>\r\n<\/td>\r\n<td width=\"413\">\r\n<p>0.97 %<\/p>\r\n<\/td>\r\n<\/tr>\r\n<tr>\r\n<td width=\"172\">\r\n<p>39<\/p>\r\n<\/td>\r\n<td width=\"489\">\r\n<p>SBI LIFE INSURANCE COMPANY LTD<\/p>\r\n<\/td>\r\n<td width=\"413\">\r\n<p>0.95 %<\/p>\r\n<\/td>\r\n<\/tr>\r\n<tr>\r\n<td width=\"172\">\r\n<p>40<\/p>\r\n<\/td>\r\n<td width=\"489\">\r\n<p>HDFC LIFE INSURANCE CO LTD<\/p>\r\n<\/td>\r\n<td width=\"413\">\r\n<p>0.87 %<\/p>\r\n<\/td>\r\n<\/tr>\r\n<tr>\r\n<td width=\"172\">\r\n<p>41<\/p>\r\n<\/td>\r\n<td width=\"489\">\r\n<p>EICHER MOTORS LTD<\/p>\r\n<\/td>\r\n<td width=\"413\">\r\n<p>0.81 %<\/p>\r\n<\/td>\r\n<\/tr>\r\n<tr>\r\n<td width=\"172\">\r\n<p>42<\/p>\r\n<\/td>\r\n<td width=\"489\">\r\n<p>HINDALCO INDUSTRIES LTD<\/p>\r\n<\/td>\r\n<td width=\"413\">\r\n<p>0.80 %<\/p>\r\n<\/td>\r\n<\/tr>\r\n<tr>\r\n<td width=\"172\">\r\n<p>43<\/p>\r\n<\/td>\r\n<td width=\"489\">\r\n<p>TECH MAHINDRA LTD<\/p>\r\n<\/td>\r\n<td width=\"413\">\r\n<p>0.75 %<\/p>\r\n<\/td>\r\n<\/tr>\r\n<tr>\r\n<td width=\"172\">\r\n<p>44<\/p>\r\n<\/td>\r\n<td width=\"489\">\r\n<p>CIPLA LTD<\/p>\r\n<\/td>\r\n<td width=\"413\">\r\n<p>0.65 %<\/p>\r\n<\/td>\r\n<\/tr>\r\n<tr>\r\n<td width=\"172\">\r\n<p>45<\/p>\r\n<\/td>\r\n<td width=\"489\">\r\n<p>SHRIRAM FINANCE LTD<\/p>\r\n<\/td>\r\n<td width=\"413\">\r\n<p>0.60 %<\/p>\r\n<\/td>\r\n<\/tr>\r\n<tr>\r\n<td width=\"172\">\r\n<p>46<\/p>\r\n<\/td>\r\n<td width=\"489\">\r\n<p>APOLLO HOSPITALS ENTERPRISE LTD<\/p>\r\n<\/td>\r\n<td width=\"413\">\r\n<p>0.58 %<\/p>\r\n<\/td>\r\n<\/tr>\r\n<tr>\r\n<td width=\"172\">\r\n<p>47<\/p>\r\n<\/td>\r\n<td width=\"489\">\r\n<p>DR REDDYS LABORATORIES LTD<\/p>\r\n<\/td>\r\n<td width=\"413\">\r\n<p>0.54 %<\/p>\r\n<\/td>\r\n<\/tr>\r\n<tr>\r\n<td width=\"172\">\r\n<p>48<\/p>\r\n<\/td>\r\n<td width=\"489\">\r\n<p>TATA CONSUMER PRODUCTS LTD<\/p>\r\n<\/td>\r\n<td width=\"413\">\r\n<p>0.53 %<\/p>\r\n<\/td>\r\n<\/tr>\r\n<tr>\r\n<td width=\"172\">\r\n<p>49<\/p>\r\n<\/td>\r\n<td width=\"489\">\r\n<p>HERO MOTOCORP LTD<\/p>\r\n<\/td>\r\n<td width=\"413\">\r\n<p>0.48 %<\/p>\r\n<\/td>\r\n<\/tr>\r\n<tr>\r\n<td width=\"172\">\r\n<p>50<\/p>\r\n<\/td>\r\n<td width=\"489\">\r\n<p>INDUSIND BANK LTD<\/p>\r\n<\/td>\r\n<td width=\"413\">\r\n<p>0.31 %<\/p>\r\n<\/td>\r\n<\/tr>\r\n<\/tbody>\r\n<\/table>\r\n<p><em><strong>Nirav: Vedant, I never realized how much psychology and strategy are packed into index trading. It is not about numbers it is about human behavior that we see on a screen.<\/strong><\/em><\/p>\r\n<p><em><strong>Vedant: That is the point. Indices may seem like numbers but they show us how people feel, what they think and how they make decisions. They are where the facts meet the biases that people have.<\/strong><\/em><\/p>\r\n<p><em><strong>Nirav: So when I see the Nifty going up or down I should not just look at the charts I need to ask why it is happening and who is behind it.<\/strong><\/em><\/p>\r\n<p><em><strong>Vedant: Exactly. The moves of the index tell us stories, stories about institutions changing their investments traders reacting or how people feel about the market changing.. If we understand these stories we can make better decisions.<\/strong><\/em><\/p>\r\n<p><em><strong>Nirav: This makes me think maybe trading indices is like reading a crowd do not just follow the noise. Learn how to listen to it.<\/strong><\/em><\/p>\r\n<p><em><strong>Vedant: Well said. Whether you are a short term trader or a long term investor indices give us more than a way to invest in the market they give us a way to understand the psychology of the market.<\/strong><\/em><\/p>\r\n<p><em><strong>Master them and you will get more than good returns you will get a better understanding of the market.<\/strong><\/em><\/p>\r\n<p><em><strong>Nirav: Thanks for explaining this to me Vedant. Now I need to look at my strategies with a new perspective.<\/strong><\/em><\/p>\r\n<p><em><strong>Vedant:. That is how you grow from trading just numbers to trading the stories behind them.<\/strong><\/em><\/p>\r\n<p>&nbsp;<\/p><\/div>\n<\/div>\n<\/div>\n<script type='text\/javascript'>\n\tjQuery(document).ready(function() {\n\t\tjQuery('#text_slider').owlCarousel({\n\t\t\titems : 1,\n\t\t\tsmartSpeed : 400,\n\t\t\tautoplay : false,\n\t\t\tautoplayHoverPause : false,\n\t\t\tsmartSpeed : 400,\n\t\t\tfluidSpeed : 400,\n\t\t\tautoplaySpeed : 400,\n\t\t\tnavSpeed : 400,\n\t\t\tdotsSpeed : 400,\n\t\t\tdotsEach : 1,\n\t\t\tloop : false,\n\t\t\tnav : true,\n\t\t\tnavText : ['Previous','Next'],\n\t\t\tdots : true,\n\t\t\tresponsiveRefreshRate : 200,\n\t\t\tslideBy : 1,\n\t\t\tmergeFit : true,\n\t\t\tautoHeight : true,\n\t\t\tmouseDrag : false,\n\t\t\ttouchDrag : true\n\t\t});\n\t\tjQuery('#text_slider').css('visibility', 'visible');\n\t\tvar owl_goto = jQuery('#text_slider');\n\t\tjQuery('.text_slider_goto1').click(function(event){\n\t\t\towl_goto.trigger('to.owl.carousel', 0);\n\t\t});\n\t\tjQuery('.text_slider_goto2').click(function(event){\n\t\t\towl_goto.trigger('to.owl.carousel', 1);\n\t\t});\n\t\tjQuery('.text_slider_goto3').click(function(event){\n\t\t\towl_goto.trigger('to.owl.carousel', 2);\n\t\t});\n\t\tjQuery('.text_slider_goto4').click(function(event){\n\t\t\towl_goto.trigger('to.owl.carousel', 3);\n\t\t});\n\t\tjQuery('.text_slider_goto5').click(function(event){\n\t\t\towl_goto.trigger('to.owl.carousel', 4);\n\t\t});\n\t\tjQuery('.text_slider_goto6').click(function(event){\n\t\t\towl_goto.trigger('to.owl.carousel', 5);\n\t\t});\n\t\tjQuery('.text_slider_goto7').click(function(event){\n\t\t\towl_goto.trigger('to.owl.carousel', 6);\n\t\t});\n\t\tjQuery('.text_slider_goto8').click(function(event){\n\t\t\towl_goto.trigger('to.owl.carousel', 7);\n\t\t});\n\t\tvar resize_11251 = jQuery('.owl-carousel');\n\t\tresize_11251.on('initialized.owl.carousel', function(e) {\n\t\t\tif (typeof(Event) === 'function') {\n\t\t\t\twindow.dispatchEvent(new Event('resize'));\n\t\t\t} else {\n\t\t\t\tvar evt = window.document.createEvent('UIEvents');\n\t\t\t\tevt.initUIEvent('resize', true, false, window, 0);\n\t\t\t\twindow.dispatchEvent(evt);\n\t\t\t}\n\t\t});\n\t});\n<\/script>\n<\/p>                    <\/div>\n\t\t        \n                    <div id=\"slides-tab\" class=\"clearfix eael-tab-content-item \" data-title-link=\"slides-tab\">\n\t\t\t\t        <p><div class='white' style='background:rgba(0,0,0,0); border:solid 0px rgba(0,0,0,0); border-radius:0px; padding:0px 0px 0px 0px;'>\n<div id='slider_16843' class='owl-carousel sa_owl_theme owl-pagination-true autohide-arrows' data-slider-id='slider_16843' style='visibility: visible;visibility:visible;'>\n<div id='slider_16843_slide01' class='sa_hover_container' data-hash='' style='padding:5% 5%; margin:0px 0%; '><p><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-16937 aligncenter\" src=\"http:\/\/www.5paisa.com\/finschool\/wp-content\/uploads\/2022\/01\/Slide1-4.png\" alt=\"\" width=\"1280\" height=\"720\" srcset=\"https:\/\/www.5paisa.com\/finschool\/wp-content\/uploads\/2022\/01\/Slide1-4.png 1280w, https:\/\/www.5paisa.com\/finschool\/wp-content\/uploads\/2022\/01\/Slide1-4-300x169.png 300w, https:\/\/www.5paisa.com\/finschool\/wp-content\/uploads\/2022\/01\/Slide1-4-1024x576.png 1024w, https:\/\/www.5paisa.com\/finschool\/wp-content\/uploads\/2022\/01\/Slide1-4-768x432.png 768w\" sizes=\"(max-width: 1280px) 100vw, 1280px\" \/><\/p><\/div>\n<div id='slider_16843_slide02' class='sa_hover_container' data-hash='' style='padding:5% 5%; margin:0px 0%; '><p><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-16938 aligncenter\" src=\"http:\/\/www.5paisa.com\/finschool\/wp-content\/uploads\/2022\/01\/Slide2-4.png\" alt=\"\" width=\"1280\" height=\"720\" srcset=\"https:\/\/www.5paisa.com\/finschool\/wp-content\/uploads\/2022\/01\/Slide2-4.png 1280w, https:\/\/www.5paisa.com\/finschool\/wp-content\/uploads\/2022\/01\/Slide2-4-300x169.png 300w, https:\/\/www.5paisa.com\/finschool\/wp-content\/uploads\/2022\/01\/Slide2-4-1024x576.png 1024w, https:\/\/www.5paisa.com\/finschool\/wp-content\/uploads\/2022\/01\/Slide2-4-768x432.png 768w\" sizes=\"(max-width: 1280px) 100vw, 1280px\" \/><\/p><\/div>\n<div id='slider_16843_slide03' class='sa_hover_container' data-hash='' style='padding:5% 5%; margin:0px 0%; '><p><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-16939 aligncenter\" src=\"http:\/\/www.5paisa.com\/finschool\/wp-content\/uploads\/2022\/01\/Slide3-4.png\" alt=\"\" width=\"1280\" height=\"720\" srcset=\"https:\/\/www.5paisa.com\/finschool\/wp-content\/uploads\/2022\/01\/Slide3-4.png 1280w, https:\/\/www.5paisa.com\/finschool\/wp-content\/uploads\/2022\/01\/Slide3-4-300x169.png 300w, https:\/\/www.5paisa.com\/finschool\/wp-content\/uploads\/2022\/01\/Slide3-4-1024x576.png 1024w, https:\/\/www.5paisa.com\/finschool\/wp-content\/uploads\/2022\/01\/Slide3-4-768x432.png 768w\" sizes=\"(max-width: 1280px) 100vw, 1280px\" \/><\/p><\/div>\n<div id='slider_16843_slide04' class='sa_hover_container' data-hash='' style='padding:5% 5%; margin:0px 0%; '><p><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-16940 aligncenter\" src=\"http:\/\/www.5paisa.com\/finschool\/wp-content\/uploads\/2022\/01\/Slide4-4.png\" alt=\"\" width=\"1280\" height=\"720\" srcset=\"https:\/\/www.5paisa.com\/finschool\/wp-content\/uploads\/2022\/01\/Slide4-4.png 1280w, https:\/\/www.5paisa.com\/finschool\/wp-content\/uploads\/2022\/01\/Slide4-4-300x169.png 300w, https:\/\/www.5paisa.com\/finschool\/wp-content\/uploads\/2022\/01\/Slide4-4-1024x576.png 1024w, https:\/\/www.5paisa.com\/finschool\/wp-content\/uploads\/2022\/01\/Slide4-4-768x432.png 768w\" sizes=\"(max-width: 1280px) 100vw, 1280px\" \/><\/p><\/div>\n<div id='slider_16843_slide05' class='sa_hover_container' data-hash='' style='padding:5% 5%; margin:0px 0%; '><p><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-16941 aligncenter\" src=\"http:\/\/www.5paisa.com\/finschool\/wp-content\/uploads\/2022\/01\/Slide5-4.png\" alt=\"\" width=\"1280\" height=\"720\" srcset=\"https:\/\/www.5paisa.com\/finschool\/wp-content\/uploads\/2022\/01\/Slide5-4.png 1280w, https:\/\/www.5paisa.com\/finschool\/wp-content\/uploads\/2022\/01\/Slide5-4-300x169.png 300w, https:\/\/www.5paisa.com\/finschool\/wp-content\/uploads\/2022\/01\/Slide5-4-1024x576.png 1024w, https:\/\/www.5paisa.com\/finschool\/wp-content\/uploads\/2022\/01\/Slide5-4-768x432.png 768w\" sizes=\"(max-width: 1280px) 100vw, 1280px\" \/><\/p><\/div>\n<div id='slider_16843_slide06' class='sa_hover_container' data-hash='' style='padding:5% 5%; margin:0px 0%; '><p><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-16942 aligncenter\" src=\"http:\/\/www.5paisa.com\/finschool\/wp-content\/uploads\/2022\/01\/Slide6-4.png\" alt=\"\" width=\"1280\" height=\"720\" srcset=\"https:\/\/www.5paisa.com\/finschool\/wp-content\/uploads\/2022\/01\/Slide6-4.png 1280w, https:\/\/www.5paisa.com\/finschool\/wp-content\/uploads\/2022\/01\/Slide6-4-300x169.png 300w, https:\/\/www.5paisa.com\/finschool\/wp-content\/uploads\/2022\/01\/Slide6-4-1024x576.png 1024w, https:\/\/www.5paisa.com\/finschool\/wp-content\/uploads\/2022\/01\/Slide6-4-768x432.png 768w\" sizes=\"(max-width: 1280px) 100vw, 1280px\" \/><\/p><\/div>\n<div id='slider_16843_slide07' class='sa_hover_container' data-hash='' style='padding:5% 5%; margin:0px 0%; '><p><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-16943 aligncenter\" src=\"http:\/\/www.5paisa.com\/finschool\/wp-content\/uploads\/2022\/01\/Slide7-4.png\" alt=\"\" width=\"1280\" height=\"720\" srcset=\"https:\/\/www.5paisa.com\/finschool\/wp-content\/uploads\/2022\/01\/Slide7-4.png 1280w, https:\/\/www.5paisa.com\/finschool\/wp-content\/uploads\/2022\/01\/Slide7-4-300x169.png 300w, https:\/\/www.5paisa.com\/finschool\/wp-content\/uploads\/2022\/01\/Slide7-4-1024x576.png 1024w, https:\/\/www.5paisa.com\/finschool\/wp-content\/uploads\/2022\/01\/Slide7-4-768x432.png 768w\" sizes=\"(max-width: 1280px) 100vw, 1280px\" \/><\/p><\/div>\n<div id='slider_16843_slide08' class='sa_hover_container' data-hash='' style='padding:5% 5%; margin:0px 0%; '><p><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-16944 aligncenter\" src=\"http:\/\/www.5paisa.com\/finschool\/wp-content\/uploads\/2022\/01\/Slide8-4.png\" alt=\"\" width=\"1280\" height=\"720\" srcset=\"https:\/\/www.5paisa.com\/finschool\/wp-content\/uploads\/2022\/01\/Slide8-4.png 1280w, https:\/\/www.5paisa.com\/finschool\/wp-content\/uploads\/2022\/01\/Slide8-4-300x169.png 300w, https:\/\/www.5paisa.com\/finschool\/wp-content\/uploads\/2022\/01\/Slide8-4-1024x576.png 1024w, https:\/\/www.5paisa.com\/finschool\/wp-content\/uploads\/2022\/01\/Slide8-4-768x432.png 768w\" sizes=\"(max-width: 1280px) 100vw, 1280px\" \/><\/p><\/div>\n<div id='slider_16843_slide09' class='sa_hover_container' data-hash='' style='padding:5% 5%; margin:0px 0%; '><p><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-16945 aligncenter\" src=\"http:\/\/www.5paisa.com\/finschool\/wp-content\/uploads\/2022\/01\/Slide9-4.png\" alt=\"\" width=\"1280\" height=\"720\" srcset=\"https:\/\/www.5paisa.com\/finschool\/wp-content\/uploads\/2022\/01\/Slide9-4.png 1280w, https:\/\/www.5paisa.com\/finschool\/wp-content\/uploads\/2022\/01\/Slide9-4-300x169.png 300w, https:\/\/www.5paisa.com\/finschool\/wp-content\/uploads\/2022\/01\/Slide9-4-1024x576.png 1024w, https:\/\/www.5paisa.com\/finschool\/wp-content\/uploads\/2022\/01\/Slide9-4-768x432.png 768w\" sizes=\"(max-width: 1280px) 100vw, 1280px\" \/><\/p><\/div>\n<div id='slider_16843_slide10' class='sa_hover_container' data-hash='' style='padding:5% 5%; margin:0px 0%; '><p><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-16810 aligncenter\" src=\"http:\/\/www.5paisa.com\/finschool\/wp-content\/uploads\/2022\/01\/Thank-You.png\" alt=\"\" width=\"1280\" height=\"720\" srcset=\"https:\/\/www.5paisa.com\/finschool\/wp-content\/uploads\/2022\/01\/Thank-You.png 1280w, https:\/\/www.5paisa.com\/finschool\/wp-content\/uploads\/2022\/01\/Thank-You-300x169.png 300w, https:\/\/www.5paisa.com\/finschool\/wp-content\/uploads\/2022\/01\/Thank-You-1024x576.png 1024w, https:\/\/www.5paisa.com\/finschool\/wp-content\/uploads\/2022\/01\/Thank-You-768x432.png 768w\" sizes=\"(max-width: 1280px) 100vw, 1280px\" \/><\/p><\/div>\n<\/div>\n<\/div>\n<script type='text\/javascript'>\n\tjQuery(document).ready(function() {\n\t\tjQuery('#slider_16843').owlCarousel({\n\t\t\titems : 1,\n\t\t\tsmartSpeed : 200,\n\t\t\tautoplay : false,\n\t\t\tautoplayHoverPause : false,\n\t\t\tsmartSpeed : 200,\n\t\t\tfluidSpeed : 200,\n\t\t\tautoplaySpeed : 200,\n\t\t\tnavSpeed : 200,\n\t\t\tdotsSpeed : 200,\n\t\t\tloop : true,\n\t\t\tnav : true,\n\t\t\tnavText : ['Previous','Next'],\n\t\t\tdots : true,\n\t\t\tresponsiveRefreshRate : 200,\n\t\t\tslideBy : 1,\n\t\t\tmergeFit : true,\n\t\t\tautoHeight : false,\n\t\t\tmouseDrag : false,\n\t\t\ttouchDrag : true\n\t\t});\n\t\tjQuery('#slider_16843').css('visibility', 'visible');\n\t\tsa_resize_slider_16843();\n\t\twindow.addEventListener('resize', sa_resize_slider_16843);\n\t\tfunction sa_resize_slider_16843() {\n\t\t\tvar min_height = '50';\n\t\t\tvar win_width = jQuery(window).width();\n\t\t\tvar slider_width = jQuery('#slider_16843').width();\n\t\t\tif (win_width < 480) {\n\t\t\t\tvar slide_width = slider_width \/ 1;\n\t\t\t} else if (win_width < 768) {\n\t\t\t\tvar slide_width = slider_width \/ 1;\n\t\t\t} else if (win_width < 980) {\n\t\t\t\tvar slide_width = slider_width \/ 1;\n\t\t\t} else if (win_width < 1200) {\n\t\t\t\tvar slide_width = slider_width \/ 1;\n\t\t\t} else if (win_width < 1500) {\n\t\t\t\tvar slide_width = slider_width \/ 1;\n\t\t\t} else {\n\t\t\t\tvar slide_width = slider_width \/ 1;\n\t\t\t}\n\t\t\tslide_width = Math.round(slide_width);\n\t\t\tvar slide_height = '0';\n\t\t\tif (min_height == 'aspect43') {\n\t\t\t\tslide_height = (slide_width \/ 4) * 3;\t\t\t\tslide_height = Math.round(slide_height);\n\t\t\t} else if (min_height == 'aspect169') {\n\t\t\t\tslide_height = (slide_width \/ 16) * 9;\t\t\t\tslide_height = Math.round(slide_height);\n\t\t\t} else {\n\t\t\t\tslide_height = (slide_width \/ 100) * min_height;\t\t\t\tslide_height = Math.round(slide_height);\n\t\t\t}\n\t\t\tjQuery('#slider_16843 .owl-item .sa_hover_container').css('min-height', slide_height+'px');\n\t\t}\n\t\tvar owl_goto = jQuery('#slider_16843');\n\t\tjQuery('.slider_16843_goto1').click(function(event){\n\t\t\towl_goto.trigger('to.owl.carousel', 0);\n\t\t});\n\t\tjQuery('.slider_16843_goto2').click(function(event){\n\t\t\towl_goto.trigger('to.owl.carousel', 1);\n\t\t});\n\t\tjQuery('.slider_16843_goto3').click(function(event){\n\t\t\towl_goto.trigger('to.owl.carousel', 2);\n\t\t});\n\t\tjQuery('.slider_16843_goto4').click(function(event){\n\t\t\towl_goto.trigger('to.owl.carousel', 3);\n\t\t});\n\t\tjQuery('.slider_16843_goto5').click(function(event){\n\t\t\towl_goto.trigger('to.owl.carousel', 4);\n\t\t});\n\t\tjQuery('.slider_16843_goto6').click(function(event){\n\t\t\towl_goto.trigger('to.owl.carousel', 5);\n\t\t});\n\t\tjQuery('.slider_16843_goto7').click(function(event){\n\t\t\towl_goto.trigger('to.owl.carousel', 6);\n\t\t});\n\t\tjQuery('.slider_16843_goto8').click(function(event){\n\t\t\towl_goto.trigger('to.owl.carousel', 7);\n\t\t});\n\t\tjQuery('.slider_16843_goto9').click(function(event){\n\t\t\towl_goto.trigger('to.owl.carousel', 8);\n\t\t});\n\t\tjQuery('.slider_16843_goto10').click(function(event){\n\t\t\towl_goto.trigger('to.owl.carousel', 9);\n\t\t});\n\t\tvar resize_16936 = jQuery('.owl-carousel');\n\t\tresize_16936.on('initialized.owl.carousel', function(e) {\n\t\t\tif (typeof(Event) === 'function') {\n\t\t\t\twindow.dispatchEvent(new Event('resize'));\n\t\t\t} else {\n\t\t\t\tvar evt = window.document.createEvent('UIEvents');\n\t\t\t\tevt.initUIEvent('resize', true, false, window, 0);\n\t\t\t\twindow.dispatchEvent(evt);\n\t\t\t}\n\t\t});\n\t});\n<\/script>\n<\/p>                    <\/div>\n\t\t        \n                    <div id=\"videos-tab\" class=\"clearfix eael-tab-content-item \" data-title-link=\"videos-tab\">\n\t\t\t\t        <div class=\"yt_iframe\"><iframe title=\"YouTube video player\" src=\"https:\/\/www.youtube.com\/embed\/Yn0ZKHTNopQ?rel=0\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/div>                    <\/div>\n\t\t                    <\/div>\n        <\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Derivatives are contracts between two or more parties who can trade over-the-counter or on an exchange (OTC). These contracts can be used to trade a variety of assets, but they come with their own set of dangers.<\/p>\n","protected":false},"author":1,"featured_media":11379,"parent":10248,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[],"class_list":["post-11313","markets","type-markets","status-publish","format-standard","has-post-thumbnail","hentry"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.5paisa.com\/finschool\/wp-json\/wp\/v2\/markets\/11313","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.5paisa.com\/finschool\/wp-json\/wp\/v2\/markets"}],"about":[{"href":"https:\/\/www.5paisa.com\/finschool\/wp-json\/wp\/v2\/types\/markets"}],"author":[{"embeddable":true,"href":"https:\/\/www.5paisa.com\/finschool\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.5paisa.com\/finschool\/wp-json\/wp\/v2\/comments?post=11313"}],"version-history":[{"count":29,"href":"https:\/\/www.5paisa.com\/finschool\/wp-json\/wp\/v2\/markets\/11313\/revisions"}],"predecessor-version":[{"id":74731,"href":"https:\/\/www.5paisa.com\/finschool\/wp-json\/wp\/v2\/markets\/11313\/revisions\/74731"}],"up":[{"embeddable":true,"href":"https:\/\/www.5paisa.com\/finschool\/wp-json\/wp\/v2\/markets\/10248"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.5paisa.com\/finschool\/wp-json\/wp\/v2\/media\/11379"}],"wp:attachment":[{"href":"https:\/\/www.5paisa.com\/finschool\/wp-json\/wp\/v2\/media?parent=11313"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.5paisa.com\/finschool\/wp-json\/wp\/v2\/categories?post=11313"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}