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Market Basics & Instruments

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Market Basics & Instruments

Day High

The highest price at which a security traded during the current session.

Day High = maximum executed trade price between the session open and the current moment ₹ Market Basics & Instruments

Day Low

The lowest price at which a security traded during the current session.

Day Low = minimum executed trade price between the session open and the current moment ₹ Market Basics & Instruments

Defensive Stock

A share whose earnings hold up through downturns because demand for its products barely changes with the economy.

Test: earnings show low correlation with GDP growth, typically in consumer staples, pharmaceuticals or utilities qualitative Market Basics & Instruments

Delivery-Based Trading

Buying shares with the intention of taking them into a demat account, rather than squaring off within the session.

Test: the position survives the session close and settles into the buyer's demat account on T+1 qualitative Market Basics & Instruments

Depository Receipt

A negotiable instrument issued in one country that represents shares of a company listed in another.

Underlying Shares Represented = Number of Receipts x Receipt Ratio shares Market Basics & Instruments

Dividend Stock

A share of a company that distributes a substantial and reasonably reliable portion of its profits as dividends.

Test: a sustained payout ratio and dividend yield materially above the market average, supported by free cash flow qualitative