The IILM institute for business and management ,GURUGRAM organised a college fest MOSAIC’17 on 14th and 15th of February 2017 . It is a two day fest with a perfect amalgamation of sports, business and cultural events where students work hard to make it a success.
Out of so many events IILM has organised its flagship event ‘DALAL STREET’- it is a share market where buying and selling of shares take place. Earlier there was nothing digital so as a vegetable market there is a share market where in a big hall the transactions between the parties take place. The demand and supply decides the prices of the shares like a vegetable market people are shouting the prices of the companies share and the interested buyer purchases the shares. Sometimes people negotiates with the seller. A similar environment was created in the college event also teams brokers were running for their teams helping or guiding them in deciding the shares to purchase or sell. The dalal street atmosphere was similar, everyone was shouting the company’s shares they want to sell or buy. Teams were negotiating on the prices and fighting to earn the maximum profit out of it. There were 3 rounds were teams can buys or sell shares either from exchange or from other teams . In each round the news s flashed and teams have to take decision accordingly on the purchase or sale of the shares. After round 3 teams cannot purchase the shares and the 4th round news is flashed followed by it final price of the shares is also flashed. The team holding maximum net worth wins i.e the one having maximum amount of cash in hand and the maximum value of shares in hand. The event dalal street shows us even after so many technology advancement in the share market the real fun is in the open share market where you can negotiate in person to purchase or sale of the shares.
It was a great opportunity for us to be a part of the dalal street team and also learned a lot about how the news effects the share prices of the company, how to minimise your risk with diversification it was like a live project with lot of fun and learning at the same time. Before entering the corporate life getting a chance to work in a practical way which taught us how to work in a team, how to guide the other team members, how to deal with the team mates not working and feeling happy at the end when the team work gives the positive results.
At the end we would like to thank VISHAL GOEL SIR for keeping faith in us and giving us the opportunity to work with him also supporting and helping whenever required and also the whole team of dalal street for the hard work.
MANAN KAUSHIK (PG1)
DALA STREET TEAM