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Good Till Cancelled (GTC) orders

A Good Till Cancelled (GTC) order remains in the system until it is cancelled by the user. It will therefore be able to span trading days if it does not get matched. The Exchange may however set an upper limit to the number of working days an order can stay in the trading system. At the end of this period, GTC orders are cancelled automatically from the system.

A Good Till Day (GTD) order allows the user to specify the number of days up to which the order should stay in the trading system. At the end of this period, the order gets flushed out from the system if it is not traded or is not cancelled by the trading member.

A stock exchange functions under the direction and supervision of its Governing Board. It generally consists of a specified number of elected members, a whole time Executive Director and representatives of the Government, SEBI, and public. The size and structure of the board varies from exchange to exchange.

Gap
When the market opens above or below the previous day's close the price on a bar chart will show a "gap". This may then be "closed" if the market trades at prices between the opening level and the previous day's close.

Gilts
Gilts, sometimes referred to as Government bonds are those used by the Government to raise money from large financial institutions like pension funds and from private investors. Money is needed by the Government because the Treasury so often finds that its expenses exceed its income. Gilts are sometimes referred to as 'gilt edged securities' or 'bonds' or 'fixed interest securities'. In any event, gilts are issued by the Treasury and in nearly all cases, the investor hands over his cash and then receives a fixed rate
of interest for the life of the gilt. When the gilt matures, its capital value is repaid at par value.
Gilts are bought at their par value or at face value.

Global Depositary Receipt (GDR)
These are negotiable certificates which prove ownership of a company's shares.They are marketed internationally, mainly to financial institutions. GDRs allow purchasers to gain exposure to companies which are listed on foreign markets without having to purchase the shares directly in the market
in which they are listed.

Grey market
Trading in shares outside a recognized market.This has come to mean trading in shares ahead of their issue on the stockmarket.

Growth stock investing focuses on well-managed companies whose earnings and dividends are expected to grow faster than both inflation and the overall economy. The real test for a growth company is its ability to sustain earnings momentum even during economic slowdowns. Such companies will provide long-term growth of capital, preserving the investor's purchasing power against erosion from rising prices.

A share certificate together with its transfer form which meet all the requirements of transfer, e.g., unmutilated certificate, the necessary endorsements, signature of the transferor tallying with what is registered with the company, etc. The buying broker is obliged to accept such a delivery.

Growth Fund

A mutual funds which invests only in equity shares which offer chances of good capital growth, rather than current income.

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