Learn
How Indian markets work, in plain words: IPOs, corporate actions, futures and options, and the terms you will meet on this site.
What is an IPO?
How a company first sells its shares to the public, what the offer document says, and what happens from bidding to listing.
SME IPOs
How IPOs of small and medium companies differ from mainboard IPOs: separate platforms, larger minimum bids and lighter disclosure.
How IPO allotment works
The investor groups in an IPO, how shares are shared out when an issue is oversubscribed, and the timeline from closing to listing.
Rights issues
How a listed company offers new shares to its existing shareholders, what rights entitlements are, and what renouncing them means.
Share buybacks
How a company buys back its own shares, the tender offer and open market routes, acceptance ratios and the small shareholder reservation.
Offer for sale (OFS) through the exchange
How promoters and large shareholders of listed companies sell shares through the stock exchange in a two-day window, and the retail portion.
Futures basics
What a futures contract is, lot sizes, margin, daily mark-to-market, expiry, basis and open interest, in plain words.
Options basics
Calls and puts, strike, premium, expiry, in-the-money and out-of-the-money, and how the risk differs for buyers and sellers.
The option Greeks
Delta, gamma, theta, vega and rho: how an option’s price is expected to change when the market, time or volatility moves, and what implied volatility is.
Reading an option chain
What each column of an option chain means, from open interest to implied volatility, and what the put-call ratio and max pain do and do not tell you.
Glossary
Plain-English meanings of common Indian stock market terms, from allotment to yield.
For education only. This is not investment advice or a recommendation to buy or sell anything.