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1492 terms

Glossary

Every term is defined twice: once the way a filing would put it, and once the way somebody would explain it to you across a table. The second one is usually the one that sticks.

Showing 13 terms

Category-wise turnover

Market basics
Also called: Client category, Participant-wise turnover

Exchange data splitting the day’s turnover across foreign institutions, domestic institutions, proprietary desks and clients.

In plain terms

The client bucket holds everyone who is not an institution or a proprietary desk, so it is not a measurement of retail.

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Revenue

Accounting
Also called: Turnover, Sales

Total value of goods and services billed to customers in a period.

In plain terms

The top line. Growth here means nothing until you check what survived to the bottom.

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Asset turnover

Fundamental analysis

Revenue divided by assets — how much sales each rupee of assets generates.

In plain terms

It collapses during a capex cycle because capital arrives before revenue does.

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Portfolio turnover

Market basics

How much of a fund’s portfolio was bought and sold during the year.

In plain terms

A cost paid from the fund’s assets before the NAV you see. 200% means the whole portfolio changed twice.

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DuPont analysis

Fundamental analysis

Decomposing ROE into net margin, asset turnover and equity multiplier.

In plain terms

Tells you whether a high ROE comes from brand power, operational speed, or just debt.

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Factsheet

Market basics

A monthly document disclosing a fund’s holdings, sector mix, turnover and expense ratio.

In plain terms

Free, two pages, and it answers everything a star rating cannot.

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GST registration

Regulation & tax

Compulsory registration under the Goods and Services Tax above a turnover threshold, or immediately in certain interstate cases.

In plain terms

Registering voluntarily lets you claim input credit and commits you to periodic returns permanently.

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NSE

Market basics

National Stock Exchange of India, founded 1992 — the largest Indian exchange by turnover.

In plain terms

Where most Indian trading actually happens. Home of the NIFTY 50.

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Brokerage

Trading & orders

The fee a broker charges for executing a trade.

In plain terms

Only one line of the bill. STT, stamp duty and exchange fees are charged on turnover regardless of profit.

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Deliverable quantity

Trading & orders

The number of shares that actually move between demat accounts at settlement, after same-day client-level netting.

In plain terms

The absolute figure behind delivery percentage. Read it against its own recent average, because the percentage moves whenever turnover moves.

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Netting

Trading & orders

Offsetting a client’s buys and sells in the same security on the same day, so that only the net position goes to settlement.

In plain terms

Why most of a busy day’s turnover leaves no trace anywhere. Buy and sell the same shares before the close and nothing is delivered.

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Operator

Regulation & tax

A party who quietly accumulates a position in an illiquid stock and then manufactures the demand needed to distribute it.

In plain terms

The scheme needs thin turnover, because a large holding cannot be sold into a liquid stock without moving the price. The promotion exists to create the buyers.

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Pump and dump

Regulation & tax

Accumulating an illiquid stock, promoting it to create buyers, then selling into that demand.

In plain terms

It needs thin liquidity to work. A loud tip on a stock with tiny turnover means you are the exit.

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Indian stock market glossary · Market Vidyalaya