Performance of Equity Derivative Market in India: A Post Liberalization Analysis
The global liberalization and integration of financial markets has created new investment opportunities, which, in turn, require the development of new instruments that are more efficient to deal with the increased risks which is a characteristic feature of any investment. Derivatives products provide certain important economic benefits such as risk management or redistribution of risk away from risk-averse investors towards those more willing and able to bear risk. These functions of derivatives help in efficient capital allocation and price discovery in the economy. Since its inception in June 2000, derivatives market has exhibited exponential growth as the market turn-over has boosted from Rs. 40180 million in 2000-2001 to Rs. 474308323 Million in 2013-2014 .Within a short span of fourteen years, derivatives trading in India has surpassed cash segment in terms of turnover and number of traded contracts. The present study attempts mainly to focus on growth and performance of derivative market in India during post liberalization era. This paper also attempts to analyze sector wise classification of derivative market like stock, index, currency etc. Some space is also devoted for a brief discussion of basic concepts and fundamentals of derivatives. The paper concludes by pointing out trends of derivatives and factors affecting the growth of same. This work can serve as a source of guide for the study related to derivatives.
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Political and Social features of the allegorical Short Story Little Black Fish Written by Iranian Writer, Samad Behrangi
Allegory is a device in which characters or events represent or symbolize ideas and concepts. Allegory has been used widely throughout the history of literature, and in all forms of artwork. A reason for this is that allegory has an immense power of illustrating complex ideas and concepts in a digestible, concrete way. Therefore, in allegory a message is communicated by means of symbolic figures, actions or symbolic representation. One of the contemporary Iranian authors who wrote stories benefited allegorical structure was Samad Behrangi. Although his stories seemingly suit for children, they are in fact deep in thematic meaning in a sense that makes them interesting for adults. As a writer sensitive to social, political and cultural situations, he used animals as the characters of some stories. One of the most eminent short stories written by him is Little Black Fish. This article attempted to demonstrate that this short story was a social and political allegory by focusing on its potential allegorical features.
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Radiation and mass transfer effects on MHD free convective flow past a semi-infinite vertical porous plate
In this article, we studied the effects of variable viscosity and thermal conductivity on an unsteady two-dimensional laminar flow of a viscous incompressible electrically conducting fluid past a semi-infinite vertical plate taking into account the mass transfer. The fluid viscosity is assumed to vary as a linear function of temperature. The governing equations for the flow are transformed into a system of non-linear ordinary differential equations are solved by a closed analytical form. The effects of the various parameters on the velocity, temperature, concentration and skin-friction profiles are presented graphically.
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Ranking of Indian Institutions in Food Science and Technology Research during 2004-2013
Research on food science and technology is necessary to fuel food industries, it will leads to generation of employment, growth of agriculture, increase in export and improvement of economy. During last five years, Indian food processing sector show 8.4% growth but country is dependent on import of technologies. India needs domestic technologies for agro-based rural industries, value addition, food preservation and processing, nutrition enhancement and management of food wastage (Economic Survey 2013-2014).
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Reviewing the performance of tuned mass dampers (TMD), in the near-fault earthquakes
Using of tuned mass damper is a common way for reducing responses of structures as a result of wind and earthquake. This damper is consisted of concentrated mass which is connected to the point of structure by a damper and spring. In this paper frame of last floor is used for placing tuned mass damper. For this reason, four models of 4, 8, 12, 20 floor buildings with moment resistance frame are studied under effect of earthquakes of near field Leandros, Northrdig, Kube and Tabas faults. So, mass damper which is suggested on the base of improved values in scientific resources is calculated. On the base of these results, it is possible to found appropriate behavior of tuned mass damper in 12 and 20 buildings.
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Role of top management leadership and commitment in total quality management in service organization in Malaysia: A review and conceptual framework
Purpose of this paper is to review the role and impact of top management commitment and leadership on total quality management (TQM) in service organizations in Malaysia, and to come out with a conceptual framework model. A total of 15 related studies selected from well known electronic academic resources and databases (e.g. Emeraldinsight, Elsevier Sciencedirect and Scopus) and deeply reviewed. A proposed conceptual framework developed according to the finding and theoretical dimensions of those papers. Outcomes of this paper will: enrich the literature in the field; will underline trends of the research in role of top management leadership and commitment in TQM practices; and will provide fresh insights to academic researchers interested in the field of TQM as well as to organizations managers.
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Screening of plant extracts for ovicidal activity against Culex quinquefasciatus Say (Diptera: Culicidae)
Hexane, diethyl ether, dichloromethane and ethyl acetate extracts of twenty five plant species, including fourteen varieties of leaves, five varieties of whole plants, two varieties of barks and one variety of flower, fruit, seed and root were tested for ovicidal activity against Culex quinquefasciatus at 1000 ppm. During preliminary screening, significant ovicidal activity was observed in all four solvent extracts of Cleistanthus collinus, Hydrocotyle javanica, Leucas aspera, Murraya koeingii, Sphaeranthus indicus and Zanthophyllus limonella. Solvent crude extracts of plants showing maximum ovicidal activity were selected and treated at 500 ppm. The percentage of egg hatchability significantly reduced in different solvent extracts of above mentioned plants and eggs treated with different plant extracts varied from 26.59 per cent in diethyl ether extract of Murraya koeingii to 82.61 per cent in hexane extract of Leucas aspera.
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Solution of Telegraph Equation by using Double Aboodh Transform
In this paper we apply Double A booth transform to solve the general linear telegraph equation. The applicability of this new transform is demonstrated using some functions.
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Sources of Demotivation among Gifted students in speaking classes
Motivation plays an indispensable role in learning. Though motivation has got a lot of attention in literature of language learning, demotivation has not got much attention in general and particularly in Iranian EFL context. As Dörnyei (2001: p. 5) postulates "Demotivation is a salient phenomenon in L2 learning" and "much further research is needed to do this important motivational factor justice". The aim of the present study is to find out what the main demotivating factors in speaking skills among gifted students at SAMPAD schools are. In order to achieve this goal, 571 students who are secondary students in SAMPAD schools in Tehran were selected. The sampling was convenient sampling, and both male and female students participated in this study. A questioner which was validated and reliable was distributed among participants, and 68 students were interviewed. The findings of both quantitative and qualitative data reveal that five demotivating factors hindering learners in speaking classes are, teacher, material and content, facilities, attitude and teaching learning context. The findings can be applied for teacher development courses in which mentors can shed light on the importance of motivational factors in EFL classes. Key Words: motivation, demotivation, speaking skills, exceptionally talented students
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Stochastic geometry cooperative spectrum sharing scheme between cellular network downlink and mobile ad-hoc network to enhance throughput efficiency using cognitive radio approach
The emerging Cognitive Technology promises to improve the network spectrum-utilization efficiency by allowing cognitive secondary users (SUs) to intelligently sense and opportunistically access those spectrum holes temporarily unused by license-holding primary users (PUs). Cognitive radios hold tremendous promise for increasing spectral efficiency in wireless systems. In this paper, we propose a cooperative spectrum sharing scheme between cellular network downlink and mobile ad-hoc network based on the analysis using stochastic geometry theory. The licensed spectrum belongs to the cellular network and the strong interference at cell-edge becomes a bottleneck to guarantee the quality of service requirement. In this case, the secondary ad-hoc users can assist the transmission between the base station and cell-edge mobile users in exchange for spectrum usage. Through maximizing the transmission capacity of secondary system under the constraint of throughput improvement of primary system, an optimal spectrum allocation can be obtained. Numerical and simulation results are provided to validate the analysis and verify the efficiency of the proposed scheme.
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