Global Depository Receipts (GDRs):
Any instrument in the form of a certificate or depository receipt created outside India and issued to non resident investors.

Good-bad delivery:
A share certificate together with its transfer form which meet all the requirements of title transfer from seller to buyer is called good delivery in the market. Delivery of a share certificate, together with a deed of transfer, which does not meet requirements of title transfer from seller to buyer is called a bad delivery in the market.

Insider trading:
Trading in a company’s shares by a connected person having non-public, price sensitive information, such as expansion plans, financial results, takeover bids, etc., by virtue of his association with that Company, is called insider trading. In most markets, insider trading is illegal and violation of securities laws.

Jumbo certificate:
A jumbo share certificate is a single composite share certificate formed by consolidating/ aggregating a large number of market lots.

Limit Order:
A buy or sale order which would be executed only after reaching the stated price or at a better price than that.

Long Position:
A position indicating purchase of a security in anticipation of a rise in price.

Lower Circuit
The lower limit upto which price of a security may fall in a day as fixed by the stock exchange.

Market Capitalization:
Market capitalization is calculated by multiplying the issued number of shares of a company with its current market price.

Market lot:
Market lot is the minimum number of shares of a particular security that must be transacted on the stock exchange. Multiples of the market lot may also be transacted. In Demat Scrips the market lot is 1 share.

Mutual Funds:
Pooling of resources by a number of investors by issuing them units and investing the funds in securities as per the objective of the scheme as disclosed in the offer document to investors.