About this transcript: This is a full AI-generated transcript of Basics of Stock Market For Beginners Lecture 2 By CA Rachana Phadke Ranade from CA Rachana Phadke Ranade, published July 2, 2026. The transcript contains 21,351 words with timestamps and was generated using Whisper AI.
"Hello everyone, CA Rachana Ranade here and I would just like to thank you all from the bottom of my heart It has been because of you all that I have been able to reach a subscriber base of 50,000 and You all have so much faith in me that I will be giving good content So yes for sure I have this..."
[00:00:00] Speaker 1: Hello everyone, CA Rachana Ranade here and I would just like to thank you all from the bottom of my heart It has been because of you all that I have been able to reach a subscriber base of 50,000 and You all have so much faith in me that I will be giving good content So yes for sure I have this ambitious target of reaching 500,000 subscribers and I'm sure If you keep your friends or relatives about this channel, why not? My target will be definitely reached. I need your support for that Actually, I started this channel with a very limited number of Target audience and that was my CA students, but this one video which I put on share market That was the first time I actually experienced what what we mean by a video going viral and That was how I thought that I should go beyond CA fraternity and I should also record more and more lectures for Relating to stock markets also So guys, please 500,000 subscribers I have to take a look at my channel and if you want to subscribe to my channel and if you want to subscribe to my channel and if you want to take away and give away and take away and what can happen to me? I have to take a look at my channel and this is the second lecture of basics of stock market I'm uploading it just because you have requested me a lot So this is coming to you and this is the second video that will be finished and there are many people who are also requesting that we will give free sessions for you and 11 lectures for you. So yes, I'm planning to do that as well not for all obviously a few lucky winners and few people I feel who deserved it I'll be giving you my lecture series free of cost If you want to watch this video, please watch the video first and after watching the video, you will be able to know that this session will be free of cost Okay, so keep watching Good morning Today I'm going to show you this website very easy to use full of advertisements money control Okay That's the home page of money control Yesterday if I'm not mistaken, I told you the web address of that www.moneycontrol.com Okay, now if you want to search for any share If you want to know anything and everything about a specific company's share, then how do you search the information? Here you can see a search bar Is it visible? Yes, this is a search bar. So like if you remember we had talked about Larson and 2bro yesterday So if you want to search about that, I'll just type Larson Okay, I mean it's not type of information. They have given two three options. So now I select Larson and 2bro. Let's see Okay, so this is the main screen for Larson and 2bro now So let's understand what all information can we find on the screen? Because it's based even on technological glitches If the net speed is slow then Okay, better Yes, so can you see this Larson and 2bro is it visible or not or shall I zoom in? Better now So here you can see BAC This is the data for BAC and for NSE this is the data 1246.85 So you can see logically who can give me the answer Who can tell me what do you mean by 1244.65 on BAC and who can tell me what is 1246.85 on NSE? The stock has closed yesterday at this price on BAC and at this price on NSE This is closing price So today we are going to come up with newer terms right away So if you see here You can see this data previous close Okay, what do you mean by previous close? Uske pehle wale din What was the price at which the share closed? But today Matlab Ayye day before yesterday karega Abhi ye kal ka hai 1244.65 Yesterday this is the price at which the share closed Who can tell me what do you mean by share closed on this price? Share close hua is price pe matlab At the time of 330 Okay at the time of 330 the value of this share LNT on BSC was 1244.65 Take care agreed There is one more term which we come up across here that is known as LTP Latest traded price Very commonly used so if you want you can write it right away LTP latest traded price LTP is the latest traded price What do you mean by latest traded price? That is the price The word itself says na That is the price at which the share traded Ek dam at the end latest traded price Okay, but can I say this LTP can keep on changing during the market hours During the market hours kya LTP change ho sakta hai kya? So let us say at 930 latest traded price was whatever is at 930 At 931 LTP will be different at 932 LTP will be different Okay, why 931 and 932? 931 One second 931 Baj ke two seconds Can I say every time LTP is going to change? Yes Okay, but this LTP which we can see on the screen is what LTP as on 330 which was the closing LTP Is this okay? Okay, so the answer is 1246.85 What is the meaning of this? This is LTP on NSE Why is this different? Can you see this? BACQ per iska price alage? NSEQ per iska price alage? Aise kaise ho gaya? Same share LNT only Fantastic Demand and supply that is the only answer like we discussed yesterday The demand and supply for NSE Sorry, the demand and supply for LNT on NSE was different than demand and supply on BSC I'll give you a very simple answer for this If you were to buy some vegetables from a market nearby which is Monday the price of one kilo of potatoes in this vegetable market might be different from the price of one potatoes of one kg of potatoes in some other market Why? Why is the price different? Could be demand and supply Are you getting my point? Yes, wherever there is more population but less number of sellers More population in a specific area, less number of sellers What will happen? Price will rise If it's a very posh locality Very high fundu locality Prices will always rise Correct? So similar situation is there BAC is yesterday only I told you BAC is one market NSE is one market Demand and supply on both are different And that is the only reason why the stock prices on both could be different Am I saying it will be different each and every time? No, it could be different for sure So is this basic point clear why prices could be different on two different markets? Okay, so let us move on now What is written here? Previous close It means that this is the previous close too Now here you can see the open price What is the open price? 1245.95 Now today, if you have time So what we can do is at 9 o'clock Ideally when our bath stops at 9 o'clock There is a pre-opening market session Okay So yesterday if you remember We have discussed about the market hours Do you remember what were the market hours? 9.15 to 3.30 We are coming across a very important concept right now So take them 100% attention to you So we have discussed this yesterday that the market timings are 9.15 to 3.30 Okay, but what used to happen earlier understand? At 9.15 exactly The market started immediately There used to be so many people like you and me So many big investors They used to rush in to place orders Okay, so everyone would actually rush to place their orders So now tell me what would happen Would there be only one or two orders placed Or multiple orders placed at 9.15 Multiple orders because 3.30 But the previous day 3.30 They were not able to you know place any order as such Directly But after 3.30 I mean how much time went I didn't get anything to do in the market There are people who are crazy about the stock market They feel restless Oh boy, it's 3.30 It will be directly 7.30 It's like restlessness So what would happen Tell me 9.15 One or two orders Or multiple orders Multiple orders Would this lead to A big price variation in the market What would happen There was a lot of demand The price increased There was a lot of people People started to buy The price dropped Many people now put a demand The price increased It was seen That from 9.15 To 9.30 Just 15 minutes There used to be a huge fluctuation in the stock market Even up to 33% 3% fluctuation is a big one By the way 3% of fluctuation How much is it? How much is it? Like now Sensex It's at around 35,000 But for a simple mathematical calculation
[00:11:13] Speaker ?: But for a simple mathematical calculation
[00:11:13] Speaker 1: Sensex is assume at 30,000 How much is it? 900 points 900 points It's a big one How much is it? How much is it? In 15 minutes Why? People used to crazily buy Crazily sell Can I say This is a small investor's market? How much is it? So to avoid the losses To these small investors What was done? That a new market segment was introduced Segment was introduced And what is this segment? Segment starts at 9 in the morning And closes at 9.15 So how much is it? 9 to 9.15 This session we say Pre-opening market session Okay What do we call this? Pre-opening market session The word itself says What does the word say? It's a pre-opening Now logically It's a pre-opening What will be this pre-market opening? Would you be able to place orders? Would you be able to place orders? Do you can do it or not? Do you can do it? Would you be able to place a buy order? Yes Would you be able to sell a place order? Yes That answers no Buy to You are able to place an order You are able to sell an order Now this will be executed What is the question? What will you do? What will you do? What will you do? What will you do? What will you do? This is just a price moment What will you do? What will you do? What will you do? What will you do in 9 to 9.15 What will you do in 9 to 9.15? What will you do in 9 to 9.15? If you want to know a little bit more in detail What will you do in 9 to 9.15? What will you do in 9 to 9.15? What will you do in 9 to 9.15? What will you do in 9 to 9.15? What will you do in 9 to 9.15? What will you do in 9 to 9.15? What will you do in 9 to 9.15? What will you do in 9 to 9.15? What will you do in 9 to 9.15? What will you do in 9 to 9.15? What will you do in 9 to 9.15? What will you do in 9 to 9.15? What will you do in 9 to 9.15? What will you do in 9 to 9.15? What will you do in 9 to 9.15? What will you do in 9 to 9.15? What will you do in 9 to 9.15? What will you do in 9 to 9.15? What will you do in 9 to 9.15? What will you do in 9 to 9.15? What will you do in 9 to 9.15? What will you do in 9 to 9.15? What will you do in 9 to 9.15? What will you do in 9 to 9.15? The order, no? Yes. Who will do this? I will do it. Who will do it? Stock market system. The electronic system of the stock market. They will keep on matching the orders. How many executes they have to look at. And once this is done, in the last 4 minutes. In the last 4 minutes, it is actually seen that this trend is going on and what is happening. But mainly in the last 4 minutes, movement is not so much. Where will you do in the last 4 minutes? What will you do in the last 4 minutes? Starting 7 minutes. What will you do in the last 5 minutes? What will you do in the last 5 minutes? What will you do in the last 5 minutes? What will you do in the last 5 minutes? What will you do in the last 5 minutes? What will you do in the last 5 minutes? What will you do in the last 5 minutes? What will you do in the last 5 minutes? What will you do in the last 5 minutes? What will you do in the last 5 minutes?
[00:14:19] Speaker ?: What will you do in the last 5 minutes?
[00:14:20] Speaker 1: What will you do in the last 5 minutes?
[00:14:21] Speaker ?: What will you do in the last 5 minutes?
[00:14:22] Speaker 1: What will you do in the last 5 minutes? What will you do in the last 5 minutes? What will you do in the last 5 minutes? What will you do in the last 5 minutes?
[00:14:26] Speaker ?: What will you do in the last 5 minutes?
[00:14:26] Speaker 1: What will you do in the last 5 minutes? What will you do in the last 5 minutes? What will you do in the last 5 minutes? What will you do in the last 5 minutes?
[00:14:30] Speaker ?: What will you do in the last 5 minutes?
[00:14:31] Speaker 1: What will you do in the last 5 minutes?
[00:14:32] Speaker ?: What will you do in the last 5 minutes?
[00:14:32] Speaker 1: What will you do in the last 5 minutes? What will you do in the last 5 minutes? What will you do in the last 5 minutes? What will you do in the last 5 minutes? What will you do in the last 5 minutes? What will you do in the last 5 minutes? What will you do in the last 5 minutes? What will you do in the last 5 minutes? What will you do in the last 5 minutes? What will you do in the last 5 minutes? What will you do in the last 5 minutes? What will you do in the last 5 minutes? What will you do in the last 5 minutes? What will you do in the last 5 minutes? What will you do in the last 5 minutes? What will you do in the last 5 minutes? So one last time, quickly pay attention. Who are talking about which session? Pre-opening market session. Okay, what happens in pre-market opening session? What is the time? 9 to 9:15. 9 to 9:15. Why pre-opening market session? Can I say it is to absorb the volatility which used to arise if trading used to directly start at 9:15. What will you do in the last 5 minutes? 9 to 9:15. This will absorb the volatility. How will you do in the last 5 minutes? 9 to 9:15. How will you do in the last 5 minutes? How will you do in the last 5 minutes? How will you do in the last 5 minutes? How will you do in the last 5 minutes? How will you do in the last 5 minutes? How will you do in the last 5 minutes? How will you do in the last 5 minutes? How will you do in the last 5 minutes? How will you do in the last 5 minutes?
[00:15:33] Speaker ?: How will you do in the last 5 minutes?
[00:15:34] Speaker 1: How will you do in the last 5 minutes? How will you do in the last 5 minutes? How will you do in the last 5 minutes? How will you do in the last 5 minutes? How will you do in the last 5 minutes? How will you do in the last 5 minutes? How will you do in the last 5 minutes? How will you do in the last 5 minutes? How will you do in the last 5 minutes? How will you do in the last 5 minutes? How will you do in the last 5 minutes? How will you do in the last 5 minutes? How will you do in the last 5 minutes? How will you do in the last 5 minutes? How will you do in the last 5 minutes? How will you do in the last 5 minutes?
[00:15:51] Speaker ?: How will you do in the last 5 minutes?
[00:15:51] Speaker 1: How will you do in the last 5 minutes? How will you do in the last 5 minutes? How will you do in the last 5 minutes? How will you do in the last 5 minutes? How will you do in the last 5 minutes? How will you do in the last 5 minutes? How will you do in the last 5 minutes? How will you do in the last 5 minutes? How will you do in the last 5 minutes? How will you do in the last 5 minutes? How will you do in the last 5 minutes? How will you do in the last 5 minutes? How will you do in the last 5 minutes? How will you do in the last 5 minutes? How will you do in the last 5 minutes? How will you do in the last 5 minutes?
[00:16:07] Speaker ?: How will you do in the last 5 minutes?
[00:16:09] Speaker 1: How will you do in the last 5 minutes? How will you do in the last 5 minutes? How will you do in the last 5 minutes? How will you do in the last 5 minutes? How will you do in the last 5 minutes? How will you do in the last 5 minutes? How will you do in the last 5 minutes?
[00:16:16] Speaker ?: How will you do in the last 5 minutes? How will you do in the last 5 minutes? How will you do in the last 5 minutes? How will you do in the last 5 minutes?
[00:16:20] Speaker 1: How will you do in the last 5 minutes? How will you do in the last 5 minutes? How will you do in the last 5 minutes? How will you do in the last 5 minutes? How will you do in the last 5 minutes?
[00:16:25] Speaker ?: How will you do in the last 5 minutes? How will you do in the last 5 minutes? How will you do in the last 5 minutes? How will you do in the last 5 minutes? How will you do in the last 5 minutes? How will you do in the last 5 minutes?
[00:16:31] Speaker 1: How will you do in the last 5 minutes? How will you do in the last 5 minutes? How will you do in the last 5 minutes? How will you do in the last 5 minutes? How will you do in the last 5 minutes? How will you do in the last 5 minutes?
[00:16:37] Speaker ?: How will you do in the last 5 minutes?
[00:16:38] Speaker 1: How will you do in the last 5 minutes? How will you do in the last 5 minutes? How will you do in the last 5 minutes? How will you do in the last 5 minutes? How will you do in the last 5 minutes? How will you do in the last 5 minutes?
[00:16:44] Speaker ?: How will you do in the last 5 minutes? How will you do in the last 5 minutes? How will you do in the last 5 minutes? How will you do in the last 5 minutes? How will you do in the last 5 minutes? How will you do in the last 5 minutes?
[00:16:50] Speaker 1: How will you do in the last 5 minutes? How will you do in the last 5 minutes?
[00:16:53] Speaker ?: How will you do in the last 5 minutes? How will you do in the last 5 minutes? How will you do in the last 5 minutes? How will you do in the last 5 minutes? How will you do in the last 5 minutes?
[00:16:58] Speaker 1: How will you do in the last 5 minutes?
[00:16:59] Speaker ?: How will you do in the last 5 minutes?
[00:17:00] Speaker 1: How will you do in the last 5 minutes?
[00:17:01] Speaker ?: How will you do in the last 5 minutes? How will you do in the last 5 minutes?
[00:17:03] Speaker 1: How will you do in the last 5 minutes?
[00:17:05] Speaker ?: How will you do in the last 5 minutes? How will you do in the last 5 minutes?
[00:17:07] Speaker 1: How will you do in the last 5 minutes? How will you do in the last 5 minutes? How will you do in the last 5 minutes? How will you do in the last 5 minutes? How will you do in the last 5 minutes? How will you do in the last 5 minutes? How will you do in the last 5 minutes? How will you do in the last 5 minutes? How will you do in the last 5 minutes? How will you do in the last 5 minutes? How will you do in the last 5 minutes? How will you do in the last 5 minutes?
[00:17:19] Speaker ?: How will you do in the last 5 minutes?
[00:17:20] Speaker 1: How will you do in the last 5 minutes? How will you do in the last 5 minutes? How will you do in the last 5 minutes? How will you do in the last 5 minutes? How will you do in the last 5 minutes? How will you do in the last 5 minutes? How will you do in the last 5 minutes? How will you do in the last 5 minutes? How will you do in the last 5 minutes? How will you do in the last 5 minutes? How will you do in the last 5 minutes? How will you do in the last 5 minutes? How will you do in the last 5 minutes? How will you do in the last 5 minutes? How will you do in the last 5 minutes? How will you do in the last 5 minutes? How will you do in the last 5 minutes? How will you do in the last 5 minutes? How will you do in the last 5 minutes? How will you do in the last 5 minutes? But we are going to definitely talk about 4 to what? 4 pm to what? What will you do in the last 5 minutes? tomorrow till tomorrow. 4 pm in the evening to 9 am. This is next morning. Do you understand? Next morning. This is known as what? This is known as after market hours. And the order place in this place. We will say after market orders. Wait wait wait. New concept. This will not be known as many people. Oh is that so? Can we place an order in the market even after 4 pm? Can we place a buy order after 4 pm? Can we place a sell order after 4 pm? Answer is yes. Such an order will be known as after market order. Okay. What will this design for? Any idea? Who will you do in the last 4 pm? You will place an order in the last 4 pm? Can people like you and me also place orders? Assume that in my office there is many of the websites are blocked. They don't allow mobile usage. And I am a long term investor. So I am not really bothered about a short term price moment. I am saying I will buy share today and after 3 years I will pay. So does it really bother me if I buy it at Rs. 1002 or Rs. 1003 or Rs. 1005? That does not bother me. Okay. So when can I place my order? After I come back home, after I have my dinner. Before sleeping in the night. After watching the whatsapp check. Everyone checks whatsapp before going to bed. Religiously. Everyone. Yes. So this is a funder where even if you are in office.
[00:19:27] Speaker ?: Even if you are not allowed to use mobiles or internet.
[00:19:27] Speaker 1: during the offices. office hours. You can definitely place orders. You can definitely place orders. 1:30. Okay. So this is a funder where even if you are in office. Even if you are not allowed to use mobiles or internet during the offices. You can definitely place orders. 1:30. Okay. So this is a funder where even if you are in office. Even if you are not allowed to use mobiles or internet during the office hours. You can definitely place orders. 1:30. So this is a funder where even if you are in office. Even if you are not allowed to use mobiles or internet during the offices. You can definitely place orders after your office hours also. So next concept. Lelo. AMO. After market order. Orders which are placed between. Orders which are placed between. Between what and what? Tell me. What timing to what timing? 4:00 PM till 9:00 AM in the next morning. This is a very important point. Can order be placed during this time? Yes. But when will it get executed? 9:15 in the next morning. So just last one liner. We may place AMO's. We may place AMO's. We may place after market orders. But they will get executed. But they will get executed. When? When?
[00:20:38] Speaker ?: They will get executed. At 9:15.
[00:20:39] Speaker 1: So when the market opens basically.
[00:20:52] Speaker ?: Is this okay? Yes.
[00:20:54] Speaker 1: So a quick input I want from your side. How many of you are from commerce background?
[00:21:10] Speaker ?: Commerce background?
[00:21:11] Speaker 1: Almost everyone. Almost. Almost. Almost. Almost. Almost. Almost. Almost. Almost. So in commerce we learn a very very basic concept. That previous year's closing balance is equal to current year's opening balance. What happens in share market? Tell me what is the closing price of L&T on BSE? This is closing. This is a closing balance. This is a closing balance. Is equal to first April opening balance. What happens in share market? Tell me what is the closing price of L&T on BSE? This is closing. This is a closing balance. 1244.65. Correct? Tell me. When the market opens at 9:15. Tell me what should be the ideal price of L&T? 1244.65. Everyone agrees? Answer is. Wrong. Ooh. Answer is wrong. Closing price is not equal to opening price. Very rarely will be the answer. Super rarely. Either price 1244.65 ke open hoega. Ya fir neche. 99.999%. That 0.001% is a chance that it opens at the same price. My question to you is that. Assume. Today. L&T opens at 1250. Just. Just a guess. Okay. Opens at 1250. Who can tell me why did this happen? Aaj open hoote hai 1250 pe open hoega. Aise kise. Now are you getting the logic? There could be a lot of aftermarket orders wherein the demand is build up very strongly. But supply is not built up that strongly. So opening itself price will rise and vice versa. Are you getting my point? Yes. So that is why the important concept of AMO's aftermarket orders. Many a time it happens that whenever market opens at opening only 915 ka first price. It will happen that share opens either in green or in red. Okay. So what do we mean by. Aaj agar ye 1250 pe open hoota hai. To generally you will see that it is shown something like this. 1250 pe open hoega. Then you will see a green triangle. Hmm. And roughly it has increased by how much? 4 point kitna? 1,2 kya tha voh? Let's say 1,2,4,5. Round off kar deenge. 1,2,4,5. Tho it is up by how much rupees? 5 rupees. Hmm. There is a terminology for this again. The terminology is it is known as a gap up opening. Kya bolta is ko? Gap. Up. Opening. Very commonly used terminology. Okay. I will explain in a minute. Assume that L and T opens today at. Obviously second upna kya hoega. 1,2,4,0. 1,2,4,0. 1,2,4,0. Tho tell me kya color kya haega phir abhi? Red. And something like this. Down. Again this is very commonly used. Okay. And bracket me kya again? Bracket me kya haega? 5. 5 rupees se niche gira gaya na. That bracket figure tells you by how much rupees it has either gone down or has gone up. Is this okay? Isi ko kya bolenge? Gap. Hmm. Everyone. Gap. Down. Opening. When I was doing my CA final.
[00:24:43] Speaker ?: I started investing in stock market in 2006.
[00:24:43] Speaker 1: Okay. And that was the first time I came across this. Okay. Gap. Up. Opening. Gap. Down. Opening. Right. And I was watching CNBC and I found that instead of this five, two, three, something was written as oonch. Oonch.
[00:25:04] Speaker ?: And I was worried.
[00:25:05] Speaker 1: Oonch kya rata hai kya pata? I asked one of my seniors. Do you know what is this oonch? He said oonch? There is nothing like oonch in the stock market. And I said I saw it today on CNBC. He said I don't know. I asked other senior. Oonch kya rata hai? He said oonch? Even I don't know. I felt so impressed about myself. I am asking such a bharri doubt. Two of my seniors are not able to answer. Finally I asked my boss sari oonch kya hota hai? He said where did you see it? Then finally opened up CNBC. Office mein TV tha. And there I saw this oonch again. Okay. And he said arre paagal that oonch is not oonch. That's a short form for unchanged. Okay. So if the price opens at 1, 2, 4, 5. What will be written? Oonch. Okay. And that is unchanged. This is a very, very, very rare scenario. That it will open at the same price. Is this okay? Everyone don't forget oonch kya. So let us write down quickly all these terminologies. Gap up, gap down and unchanged. So first one is gap up. Gap up opening. Gap up opening. If the share price opens at.
[00:26:31] Speaker ?: A price opens at. A price.
[00:26:32] Speaker 1: Opens at a price. Kya licking gya aage? Higher than ya lower than? Higher than. Higher than.
[00:26:37] Speaker ?: Higher than what? Previous days closing price. Higher than what?
[00:26:39] Speaker 1: Previous days closing price.
[00:26:40] Speaker ?: Hire than. Previous days closing price. Higher than.
[00:26:40] Speaker 1: Previous days closing price.
[00:26:41] Speaker ?: Hire than. Previous days closing price.
[00:26:42] Speaker 1: Gap up opening.
[00:26:43] Speaker ?: Gap up opening.
[00:26:43] Speaker 1: Gap up opening. Gap up opening.
[00:26:45] Speaker ?: Gap up opening.
[00:26:45] Speaker 1: Gap up opening. Gap up opens at a price.
[00:26:47] Speaker ?: Gap up opens at a price. Gap up opens at a price. Gap up opens at a price. Gap up opens at a price. Gap up opens at a price. Gap up opens at a price. Gap up opens at a price. Gap up opens at a price.
[00:26:55] Speaker 1: Gap up opens at a price. Gap up opens at a price. Gap up opens at a price. Gap up opens at a price. Gap up opens at a price. Gap up opens at a price. Gap up opens at a price. Gap up opens at a price.
[00:27:06] Speaker ?: Gap up opens at a price. Gap up opens at a price.
[00:27:08] Speaker 1: Gap up opens at a price. Gap up opens at a price. Gap up opens at a price.
[00:27:11] Speaker ?: Gap up opens at a price. Gap up opens at a price. Gap up opens at a price. Gap up opens at a price. Gap up opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price.
[00:27:21] Speaker 1: Gap down opens at a price. Gap down opens at a price.
[00:27:23] Speaker ?: Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price.
[00:27:27] Speaker 1: Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price.
[00:27:40] Speaker ?: Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price.
[00:28:13] Speaker 1: Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price.
[00:28:17] Speaker ?: Gap down opens at a price.
[00:28:18] Speaker 1: Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price.
[00:28:37] Speaker ?: Gap down opens at a price.
[00:28:38] Speaker 1: Gap down opens at a price. Gap down opens at a price.
[00:28:40] Speaker ?: Gap down opens at a price.
[00:28:41] Speaker 1: Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price.
[00:28:45] Speaker ?: Gap down opens at a price.
[00:28:46] Speaker 1: Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price.
[00:29:38] Speaker ?: Gap down opens at a price.
[00:29:39] Speaker 1: Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price.
[00:30:08] Speaker ?: Gap down opens at a price. Gap down opens at a price.
[00:30:10] Speaker 1: Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price.
[00:30:18] Speaker ?: Gap down opens at a price. Gap down opens at a price. Gap down opens at a price.
[00:30:21] Speaker 1: Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price.
[00:30:26] Speaker ?: Gap down opens at a price. Gap down opens at a price.
[00:30:36] Speaker 1: Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price.
[00:30:47] Speaker ?: Gap down opens at a price.
[00:30:48] Speaker 1: Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price.
[00:31:20] Speaker ?: Gap down opens at a price. Gap down opens at a price.
[00:31:22] Speaker 1: Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price.
[00:31:27] Speaker ?: Gap down opens at a price.
[00:31:36] Speaker 1: Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price.
[00:31:46] Speaker ?: Gap down opens at a price.
[00:31:47] Speaker 1: Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price.
[00:32:06] Speaker ?: Gap down opens at a price.
[00:32:07] Speaker 1: Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price.
[00:32:37] Speaker ?: Gap down opens at a price.
[00:32:38] Speaker 1: Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price.
[00:32:56] Speaker ?: Gap down opens at a price.
[00:32:57] Speaker 1: Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price.
[00:33:10] Speaker ?: Gap down opens at a price.
[00:33:11] Speaker 1: Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price.
[00:33:40] Speaker ?: Gap down opens at a price.
[00:33:41] Speaker 1: Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price.
[00:34:01] Speaker ?: Gap down opens at a price.
[00:34:02] Speaker 1: Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price.
[00:35:13] Speaker ?: Gap down opens at a price.
[00:35:22] Speaker 1: Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price.
[00:35:27] Speaker ?: Gap down opens at a price.
[00:35:28] Speaker 1: Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price.
[00:36:31] Speaker ?: Gap down opens at a price.
[00:36:32] Speaker 1: Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price.
[00:36:39] Speaker ?: Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price.
[00:36:54] Speaker 1: Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price.
[00:36:59] Speaker ?: Gap down opens at a price.
[00:37:00] Speaker 1: Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price.
[00:37:32] Speaker ?: Gap down opens at a price.
[00:37:33] Speaker 1: Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price.
[00:38:05] Speaker ?: Gap down opens at a price.
[00:38:06] Speaker 1: Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price.
[00:38:23] Speaker ?: Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price.
[00:38:27] Speaker 1: Gap down opens at a price. Gap down opens at a price. Gap down opens at a price.
[00:38:30] Speaker ?: Gap down opens at a price.
[00:38:31] Speaker 1: Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price.
[00:38:35] Speaker ?: Gap down opens at a price.
[00:38:36] Speaker 1: Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price.
[00:38:54] Speaker ?: Gap down opens at a price.
[00:38:55] Speaker 1: Gap down opens at a price. Gap down opens at a price.
[00:38:57] Speaker ?: Gap down opens at a price. Gap down opens at a price. Gap down opens at a price.
[00:39:00] Speaker 1: Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price.
[00:39:26] Speaker ?: Gap down opens at a price.
[00:39:27] Speaker 1: Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price.
[00:39:34] Speaker ?: Gap down opens at a price. Gap down opens at a price.
[00:39:36] Speaker 1: Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price.
[00:39:58] Speaker ?: Gap down opens at a price.
[00:39:59] Speaker 1: Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price.
[00:40:03] Speaker ?: Gap down opens at a price.
[00:40:04] Speaker 1: Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price.
[00:40:12] Speaker ?: Gap down opens at a price. Gap down opens at a price.
[00:40:22] Speaker 1: Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price.
[00:40:26] Speaker ?: Gap down opens at a price. Gap down opens at a price.
[00:40:28] Speaker 1: Gap down opens at a price.
[00:40:29] Speaker ?: Gap down opens at a price.
[00:40:30] Speaker 1: Gap down opens at a price. Gap down opens at a price.
[00:40:32] Speaker ?: Gap down opens at a price. Gap down opens at a price.
[00:40:34] Speaker 1: Gap down opens at a price. Gap down opens at a price. Gap down opens at a price.
[00:40:37] Speaker ?: Gap down opens at a price.
[00:40:38] Speaker 1: Gap down opens at a price. Gap down opens at a price.
[00:40:40] Speaker ?: Gap down opens at a price.
[00:40:41] Speaker 1: Gap down opens at a price. Gap down opens at a price.
[00:40:43] Speaker ?: Gap down opens at a price.
[00:40:52] Speaker 1: Gap down opens at a price. Gap down opens at a price.
[00:40:54] Speaker ?: Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price.
[00:41:01] Speaker 1: Gap down opens at a price. Gap down opens at a price. Gap down opens at a price.
[00:41:04] Speaker ?: Gap down opens at a price. Gap down opens at a price. Gap down opens at a price.
[00:41:07] Speaker 1: Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price.
[00:41:11] Speaker ?: Gap down opens at a price.
[00:41:12] Speaker 1: Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price.
[00:41:31] Speaker ?: Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price.
[00:41:36] Speaker 1: Gap down opens at a price. Gap down opens at a price.
[00:41:38] Speaker ?: Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price.
[00:41:52] Speaker 1: Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price.
[00:42:15] Speaker ?: Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price.
[00:42:38] Speaker 1: Gap down opens at a price.
[00:42:45] Speaker ?: Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price.
[00:43:02] Speaker 1: Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price.
[00:43:11] Speaker ?: Gap down opens at a price.
[00:43:12] Speaker 1: Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price.
[00:43:40] Speaker ?: Gap down opens at a price.
[00:43:41] Speaker 1: Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price.
[00:43:52] Speaker ?: Gap down opens at a price.
[00:43:53] Speaker 1: Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price.
[00:44:08] Speaker ?: Gap down opens at a price.
[00:44:09] Speaker 1: Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price.
[00:44:39] Speaker ?: Gap down opens at a price.
[00:44:40] Speaker 1: Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price.
[00:44:48] Speaker ?: Gap down opens at a price.
[00:44:49] Speaker 1: Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price.
[00:45:10] Speaker ?: Gap down opens at a price.
[00:45:11] Speaker 1: Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price.
[00:45:27] Speaker ?: Gap down opens at a price.
[00:45:28] Speaker 1: Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price.
[00:45:46] Speaker ?: Gap down opens at a price.
[00:45:47] Speaker 1: Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price.
[00:45:58] Speaker ?: Gap down opens at a price.
[00:45:59] Speaker 1: Gap down opens at a price.
[00:46:08] Speaker ?: Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price.
[00:46:38] Speaker 1: Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price.
[00:47:16] Speaker ?: Gap down opens at a price.
[00:47:17] Speaker 1: Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price.
[00:47:29] Speaker ?: Gap down opens at a price.
[00:47:30] Speaker 1: Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price.
[00:48:13] Speaker ?: Gap down opens at a price.
[00:48:14] Speaker 1: Gap down opens at a price. Gap down opens at a price. Gap down opens at a price.
[00:48:17] Speaker ?: Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price.
[00:48:21] Speaker 1: Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price.
[00:48:26] Speaker ?: Gap down opens at a price.
[00:48:27] Speaker 1: Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price.
[00:49:39] Speaker ?: Gap down opens at a price.
[00:49:40] Speaker 1: Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price.
[00:49:48] Speaker ?: Gap down opens at a price.
[00:49:49] Speaker 1: Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price.
[00:49:54] Speaker ?: Gap down opens at a price. Gap down opens at a price.
[00:49:56] Speaker 1: Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price.
[00:50:23] Speaker ?: Gap down opens at a price.
[00:50:24] Speaker 1: Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price.
[00:51:39] Speaker ?: Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price.
[00:51:45] Speaker 1: Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price.
[00:51:51] Speaker ?: Gap down opens at a price. Gap down opens at a price.
[00:51:53] Speaker 1: Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price.
[00:52:08] Speaker ?: Gap down opens at a price.
[00:52:09] Speaker 1: Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price.
[00:52:13] Speaker ?: Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price.
[00:52:17] Speaker 1: Gap down opens at a price. Gap down opens at a price.
[00:52:19] Speaker ?: Gap down opens at a price.
[00:52:20] Speaker 1: Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price.
[00:52:39] Speaker ?: Gap down opens at a price. Gap down opens at a price. Gap down opens at a price.
[00:52:42] Speaker 1: Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price.
[00:52:59] Speaker ?: Gap down opens at a price.
[00:53:08] Speaker 1: Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price.
[00:53:13] Speaker ?: Gap down opens at a price. Gap down opens at a price. Gap down opens at a price.
[00:53:16] Speaker 1: Gap down opens at a price. Gap down opens at a price.
[00:53:18] Speaker ?: Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price.
[00:53:26] Speaker 1: Gap down opens at a price. Gap down opens at a price. Gap down opens at a price.
[00:53:29] Speaker ?: Gap down opens at a price.
[00:53:38] Speaker 1: Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price.
[00:54:11] Speaker ?: Gap down opens at a price.
[00:54:12] Speaker 1: Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price.
[00:54:18] Speaker ?: Gap down opens at a price.
[00:54:19] Speaker 1: Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price.
[00:54:26] Speaker ?: Gap down opens at a price.
[00:54:26] Speaker 1: Gap down opens at a price.
[00:54:27] Speaker ?: Gap down opens at a price. Gap down opens at a price. Gap down opens at a price.
[00:54:30] Speaker 1: Gap down opens at a price. Gap down opens at a price.
[00:54:32] Speaker ?: Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price.
[00:54:38] Speaker 1: Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price.
[00:55:11] Speaker ?: Gap down opens at a price.
[00:55:12] Speaker 1: Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price.
[00:55:28] Speaker ?: Gap down opens at a price.
[00:55:29] Speaker 1: Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price.
[00:55:39] Speaker ?: Gap down opens at a price. Gap down opens at a price. Gap down opens at a price.
[00:55:42] Speaker 1: Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price.
[00:58:12] Speaker ?: Gap down opens at a price.
[00:58:13] Speaker 1: Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price.
[00:59:05] Speaker ?: Gap down opens at a price. Gap down opens at a price.
[00:59:07] Speaker 1: Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price.
[01:00:25] Speaker ?: Gap down opens at a price.
[01:00:26] Speaker 1: Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price.
[01:01:39] Speaker ?: Gap down opens at a price.
[01:01:40] Speaker 1: Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price.
[01:02:05] Speaker ?: Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price.
[01:02:13] Speaker 1: Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price.
[01:02:25] Speaker ?: Gap down opens at a price. Gap down opens at a price. Gap down opens at a price.
[01:02:28] Speaker 1: Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price.
[01:02:38] Speaker ?: Gap down opens at a price. Gap down opens at a price.
[01:02:40] Speaker 1: Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price.
[01:02:45] Speaker ?: Gap down opens at a price. Gap down opens at a price. Gap down opens at a price.
[01:02:56] Speaker 1: Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price.
[01:04:16] Speaker ?: Gap down opens at a price.
[01:04:25] Speaker 1: Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price.
[01:04:44] Speaker ?: Gap down opens at a price.
[01:04:45] Speaker 1: Gap down opens at a price.
[01:04:46] Speaker ?: Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price.
[01:05:01] Speaker 1: Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price.
[01:05:13] Speaker ?: Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price.
[01:05:25] Speaker 1: Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price.
[01:05:30] Speaker ?: Gap down opens at a price.
[01:05:31] Speaker 1: Gap down opens at a price. Gap down opens at a price. Gap down opens at a price.
[01:05:34] Speaker ?: Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price.
[01:05:43] Speaker 1: Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Gap down opens at a price. Okay. Bank is which of the investor among these categories? DII. If I am talking about ICICI bank, it will be a DII. Insurance companies. Again, DII. Why insurance? Insurance ka DII ke saath kya samband hai? Do insurance companies also invest in stock market? Yes. In fact, LIC, Life Insurance Corporation of India is one of the biggest investor of stock market. We all pay the policy premiums. They have a huge amount from policy premiums. Kya karengi is premium ka? Invest in stock market. Then which category of investors they are treated as? DII. Domestic investors who are the institutional investors. What about mutual funds? Again, DII's. Are you not about to understand? DII very clear. And last one. Fantastic example liya hai. Yeh FPI jho basically, Paisa jo invest ho ga yeh mainly, They'll come from foreign funding. Euros, Bounds, Dollars. Aise paisa under aega. They'll get converted to rupees. And then they'll invest in our stock market. Is this okay? Types of investors? Yes. Issuers koon ho te hai? Pata hai hamar example mein who is the issuer?
[01:07:12] Speaker ?: Patanjali.
[01:07:13] Speaker 1: Patanjali. Patanjali is the issuer company. We know this. Okay. Up trading, clearing and settlement. Do we already know this? What is T plus two? Trade date plus two days. If I'm the buyer do din ke baat kya ho ga? I'll get the shares in my DMAT account. If I'm the seller kya ho ga? After two days I'll get money in my account. Is this okay? So T plus two we are already aware about that. If I'm the seller kya ho. If I'm the seller kya ho. If I'm the seller kya ho. If I'm the seller kya ho. If I'm the seller kya ho. If I'm the seller kya ho. If I'm the seller kya ho. If I'm the seller kya ho.
[01:07:51] Speaker ?: If I'm the seller kya ho.
[01:07:52] Speaker 1: If I'm the seller kya ho. If I'm the seller kya ho. If I'm the seller kya ho. If I'm the seller kya ho. If I'm the seller kya ho. If I'm the seller kya ho. If I'm the seller kya ho.
[01:07:59] Speaker ?: If I'm the seller kya ho.
[01:08:00] Speaker 1: If I'm the seller kya ho. If I'm the seller kya ho. If I'm the seller kya ho. ICICI bank ke baad. I'm the seller kya ho. But the receiver's account. Is in HDFC bank. Okay. How does money get transferred to his account? Clearing house. Okay. So, a proper clearing house. Which many checks from ICICI bank. They go to clearing house. Clearing house. There are many employees. Who will check? Who will check? Who will check? Who will check? Who will check? So, they will then. Disverse these checks. To the respective accounts. Where to go. That happens in a bank. Logically tell me. Same system should happen in. Stock market. Yes or no? Yes. Instead of. Payer pay. Here I'll say. Here we have a buyer. And here we have a seller. Now seller say shares. Buyer ke paas ane ke liye. Who will directly. There has to be a. Clearing house. In between. Is this logically. Same like a bank. Yes. So, a clearing house. Haare ka apna apna apna halog hota hai kya. Toh yes. You have. NSCCL. National Securities Clearing Corporation Limited. Quickly tell me. Limited. Is this law. Ye bhi ek. Company hi hai. That's also. Public limited company. Is it necessary. That it has to be listed. On the stock exchange. No. Agar apko hiya de hai. Mene kya bol hai. Patanjali. Even today is a. Public limited company. But it is not listed. On the stock exchange. That is possible. Okay. So NSCCL. That is what clearing house. For what. National stock exchange. Similarly. You will have. A different clearing house. For. Bombay stock exchange. And you will have. A separate clearing house. For. MCSSX. Which is. Newly known as. MSCI. Yaatak bhi okay. So haare ka apna apna. Clearing house hai. Through which the. Shares will move. From whom to whom. From the seller. To the. Buyer. Clearing house concept clear. Yes. Abate depositories. And depository. Participant. Again a very important term. Kya apne yeh sun hai kabhi. NSDL. CDSL. NSDL. CDSL. NSDL. CDSL. NSDL full form is. National. Securities. Depository. Limited. CDSL. Central. Depository.
[01:10:39] Speaker ?: Services.
[01:10:40] Speaker 1: Limited. Kya arata yeh. NSDL. CDSL. Depositories.
[01:10:45] Speaker ?: Any idea.
[01:10:46] Speaker 1: Hmm. Padke kuch. Sumodh meha ra hai. Very very very very important function.
[01:10:50] Speaker ?: That all these depositories do.
[01:10:51] Speaker 1: Many students even.
[01:10:52] Speaker ?: CAs don't know exactly depository karta gaya hai.
[01:10:52] Speaker 1: NSDL naam to sab ne sun hai. CDSL naam bhi sab ne sun hai. But if you remember yesterday I had shown you a share certificate. Remember that physical share certificate. My question is if I want to convert it into an electronic share certificate. My question is if I want to convert it into an electronic share certificate. I want to get my dad ka example hola tha. He wants to convert it into electronic format. Whom do I approach? Broker ko. Thik hai hai mein broker ke paas gai.
[01:11:03] Speaker ?: Broker ke paas jane ke baada hai filled up a form.
[01:11:03] Speaker 1: Broker will convert it into e-form or what? No.
[01:11:05] Speaker ?: Broker forward to e-form or what?
[01:11:05] Speaker 1: No. Broker forward to e-form or what? I am going to convert it into an electronic share certificate. I am going to convert it into an electronic share certificate. But if you remember yesterday I had shown you a share certificate. Remember that physical share certificate? My question is if I want to convert it into an electronic share certificate. My question is if I want to convert it into an electronic share certificate. My question is if I want to convert it into an electronic share certificate. Who I approach it? Who I approach it? I want to get my dad ka example. I want to get my dad ka example hola tha. He wants to convert it into an electronic format. Whom do I approach? Broker ko. Thik hai mein broker ke paas gai. Broker ke paas jane ke baada hai filled up a form. Broker will convert it into e-form or what? No. Broker forwards this form to the company. Sab se pehle. Company ko pata chalata achcha hai. Say say request hai. Does company have some machine? Some software? Jis mein physical form ho ga e-form mein? No. Then they forward the share certificate to the depositories. Oh.
[01:11:50] Speaker ?: What is the chain?
[01:11:51] Speaker 1: One more time. Investor has physical share certificates. They will transfer it to? I mean they will process it through the broker. Broker forwards it to the? Company. Company will forward it to the? Depository. Okay. Depository ka ka kaam kya hai? Ye kaam hai. Convert the physical shares into dematerialized shares. Shares. Is this okay? So ye sab se bada kaam karta hai depository. Converting physical shares into dematerialized shares. Ye toh humne diye huay shares hai. But what about the original process? Original process matlab kya? Aaj bhi patanjali ke shares jo hai. That'll be in physical format or e-format. Think logically and tell me. Patanjali's shares even today. Before IPO will be in demat format or e-format. Ah sorry demat format or physical format. Physical format. Demat me kyu chahiye basically? Clearing ke liye. Can I say faster clearing ke liye? Please understand purana process. Dada ji ke time ka process. What will happen? if Patanjali wants to, okay, Patanjali's example comes back, but first, if I talk about investor to investor, what happened in the past, I will tell you, like we learn right now T+2, do you know what was the original one? T+30, original was T+30 when it was physical securities, why, what process will happen? I sold shares, I have bought shares, I have bought shares, I have bought shares, I have bought shares, I have bought shares, I have bought shares, I have bought shares, I have bought shares, but I contact whom? My broker, let's see, I have bought shares. I have bought shares to the broker, I have bought shares to the broker, so the broker will send it to the company, that we are wanting to sell shares and we have to sell shares, now company will change the share certificate, what will you need to change, name, do you remember, who owns the share certificate, So, you need to scrap, new share certificate, you need to make a new person's name, now send it to whom? To the broker's, to the buyer's broker, change the company's broker, then buyer's broker will give to the buyer's broker, this is going to buy post, Yes or no? Yes or no? Yes. Okay, so buyer's broker has the money, already, now what happens, shares are coming in the future, so now, what will you do, communicate to the company, new name of the person is broker's name, broker's name, broker's name, double change the broker, why double change the broker, money is already got, shares also got their own, and so many brokers have become maddening rich in this entire process, This is not all this. The concept of dematerialization. And you know that the concept is not like way back. It's in 1996 dematerialization act passed. Demat act 1996 passed. And from that they have tried to bring down this T plus 30 very significantly on a downward side to T plus 2 and they are planning to take it to TDA directly. In the near future. They are saying our target is in the next 5 to 7 years. It should be TDA directly. That can happen with technology. Why not? So are you getting this point. Depository is such a big role. Today we can decrease the trading cycle from T plus 30 to T plus 2. So last time going back to our Patanjali example. Patanjali ka aaj bhi shares physical format me kyu hai? Logically bata na hai. They are not being traded. So do they really need to transfer shares to anyone? No. Shares to unhi ke paas hai. Promoters ke paas shares hai. Who ek dusre ke saath bech raha hai kya shares? Nain. Everyone has their own shares. They need not have it in the demat format. Demat ke zoroat kab mehsus huti hai hai. When you want to trade in them. Okay. So that is why they will approach whom? They will approach depositories. Yatak okay kya? Now last concept is DP. Whatsapp DP? Insta DP? No. What is DP? Depository participant. Achha depository likha hai apne notes mein ki nahi likha abitab? We have written depository? Yes. Have you written the main role of depository?
[01:17:11] Speaker ?: Yes.
[01:17:12] Speaker 1: What is the main role of depository? Tell me. To convert the physical shares into demat shares. An example kaun se likha hai? Depository ke? NSDL and CDSL. NSDL and CDSL. Okay. Depository participant DP. Last term. Chalo. Simple. Ek dem simple words mein bata deti ho. Basically depository participant is known but the broker. Okay. Ek ek meh dhanse suno. Kaunse do depositories puli mehne? NSDL and CDSL. Let's understand it in a pictorial format. It will be very easy for you to understand. CDSL. Okay. I am the individual investor. Does NSDL directly know me? No. NSDL directly does not know me. NSDL bolta hai. Have you taken our membership? Do I know you? No. I have no. No. I have no participant. I have no participant. No directly. So there should be a middleman in between. Kaun is he middleman? Broker who is no one but the DP. Okay. So broker kya bolta hai? Dhanse suno. Whenever you open any account with any broker, he asks you, should I map your account? What word did I use? Should I map your account? Map means link. Should I link your account? Should I map your account with? NSDL. Or with CDSL. Because broker ne generally dono ke paas membership le rakkhe hoti hai. Broker says investor will get an option. Kis ke paas jana hai? Koi achcha hai, koi bura hai, aise kuch bhi nahi hai. Doh dhukha nahi hai vapis. Again, as good as that na? Both depositories are again rendering the same service. Okay, so mujhe hai sac kuch bhi farak nahi padta hai. Whether my account is with NSDL or CDSL. I don't pay any charges to the message also. Depository charges rehte hai. Main basically broker ko bharthi ho. Broker aage usko forward kar deta hai. Is this okay? So depository participant kaun hota bolou? Is a broker who opens an account with? Depository and our account is directly opened with the depository or is indirectly opened with the depository? Our account is directly opened with the depository or is indirectly opened with the depository? Indirectly. Mera account kis ke paas rehega? Broker. Broker ka account kis ke paas hai? Depository ke paas. Is this absolutely alright? Picture ki through samajh meha raha ek dham acche se? For sure? Any doubt? Mujh bhi doubt ne aareha rapko? I'm bhaat baari padha raha yun kiya. Haan, I won't get out. Okay. Does the company know who is buying or who is selling? If company wants to know, they'll have to approach the stock exchange. But stock exchange be directly a list company ko haath mein unnecessarily nahi dega. Okay. So, agar apko uska abhi thoda sa flow samajh nahi hai. To what happens, I understand? Everyday there is a lot of buying and selling. Aaj, I am nai L&T ka volume dekha. Kitna tha rafli? Ninety six thousand ki aspa? Ninety nine thousand ki aspa sta. What do you mean by ninety nine thousand? Ninety nine thousand shares changed hands today. So, joo commerce background sa hai. Please understand one more very important point. Jo commerce background sa hai. Aapne padha hai. There is something known as register of members. Padha hai kaise vuch? What is a register of members who can tell me? Correct? It is a list of shareholders. Ek dam simple words mein. Register of members is nothing but a list of shareholders. Aap karo mazadar. Karo everyday update. Ninety nine thousand entries everyday. Hoga ke hai possible? Impossible situation hai. Who will be in a position to update this? Who will be in a position to update this? Acha. So, stock exchange. Now, let us come to this point. Does the stock exchange know that who has bought shares from whom? Logically tell me. Does the stock exchange know who has bought shares from whom? Obviously, yes. Kyunki main ne buy order kis ke paas place ki hai? Stock exchange ke paas. Seller ne kis ke paas order place ki hai? Stock exchange ke paas. So, stock exchange has the entire list of buyers and sellers. Okay. They forward this list to depository. And depository will have a list. Of the register of members in the e-format. Aab aap ka sawaal. Acha. Aab aap ka sawaal. Acha. Baha taak baat clear hai? Who will have the entire list in the e-format? Depository ke paas. Aab bolhen gai depository ke paas khaan se hai? Toh, maine aap ko bola isa hai. Sab se pahal e. NSE, BSE. They know the data. NSE, BSE will inform whom ideally. NSE, BSE ideally informs the broker first. And broker ke through ye jayega to the depositories. Because hum toh a DP. DP aapna-apna data upload karte paate ga. Data upload honen ke baad kis ko pata chal gaya? Depository ko bhi pata chal gaya. If they want, they can also directly take it from BSE and NSE. Okay, coming to the main point. Why would a company want the depository to give them in e-format? Tell me register of member on this date. Aaj ke tarik pe kitne logoon ke paas shares hai? Mujhe achayi hai. Hostile takeover or something. Aaj hi concept ki hai amne. Aaj hi concept ki hai. My question, shall I repeat my question? Hmm, register of members kone maintain karra hai? Depository. They have the e-register of, they have the, very good. They have the e-register of members. Who has it? Depository. Company saying, I want this e-register of members. I want to know how many shareholders are there as on this date. Kin-kin logoon ke paas aaj share zha hai. Aaj muho pata chal na bhot important hai. Isi ko kohan se date bolte hai? Record date. Aare ke baad samaj me? Record date ke lihi, they must know as on date which people have shares. Who is going to provide them with this list? Depository provides them with this list. Ready made. Is this okay? And then depository will give it to the company. Company will give the dividend to us or bonus to us or whatever. Baat kliya rehi ha tha? So, doubt is solved? Kya poochata? Tumne hai poochata na? Haan? Haan? Hmm?
[01:24:27] Speaker ?: Oh.
[01:24:31] Speaker 1: So, he is saying there is, what is your name? Aman. Mr. Aman is slowly, and his question is that, there is an investor, Mr. Aman, who is slowly wanting to become the true owner of the company. Okay. Roj ye kya kar rah hai? Roj, buy one percent of the shares. Buy one percent of the shares. He is roj ye kya kar rah hai. Hmm? Which he is buying Reliance Industries every day one percent as a target. Now, what has happened? Understand. After five days, obviously, five percent of Reliance Industries he is holding. Now, understand. There is a mandatory disclosure that an investor has to give if his shareholding in a specific company is equal to or greater than five percent. Toh, koi bhi company ko immediately pata chalega, achcha, achay ye hai ki investor who has bought already five percent shares of our company. Let's check what are his intentions, what not. So, it's a mandatory disclosure to be given by you. If you are not, you are violating SEBI's Act. And then, you will have to face the penalties. Okay, five percent is the threshold. Till then, no disclosures required. Okay? Clear till yaar? Yes. Wow, loads of concepts today also.
[01:25:47] Speaker ?: Hmm?
[01:25:47] Speaker 1: Haar hai na, lekin samaj bhai? Shall we quickly revise whatever we have done till now? Yes? Chalo, day one se, kya kya revise ke abhi tak, kya kya padha abhi tak. Aapko yase feel good factor anna chahi, bhoot zada pad liya hai. Bhali kuch yaad eh nahi hai. First concept kwanza tha? Haan? LTCG. Foota foot bolna hai abhi? Akhri ke 2-3 minute me poora revision ho jana chahi. LTCG is what? Long term capital gain. You are holding it for? More than one year. Second concept. Dividend. Dividend kya hota hai? It's a return given by the company to the shareholders. Mandatory or recommendatory? Mandatory or recommendatory? Recommendatory. Unko dena hai denge, nahi dena hai denge. Any thresholds for LTCG and dividend? Threshold for LTCG? 1 lakh. Uske above? 10%. Threshold for dividend? 10 lakhs. Uske upar? 10%. Is it like a basic exemption limit? Yes. Third point. Face value. Face value. Value which is return on the face of the document is a face value. Okay? Next one. Promoter. Promoter. People who start the company as good as that but uske baad promoter ka or bhi may ne bolas hai. Aage definition aasakta hai. Top line, bottom line. Top line is what? Turnover. Bottom line. Profits. Next. Stock. Split. Face value will split. Could it go from 10 to 5? 10 to 2? 10 to directly 1? 10 to 0.5? 10 to 0.5? Answer is no. Face value has to be at least 1. And it has to be in multiples of 1. Aap aese ni bol sakte hai. Haumare share ka na face value paone 2 rupiah hai. That is not allowed. It has to be in multiples of 1. Okay? Just an added on concept. Next one. Bonus shares. Pukat ke shares. Free shares. Aaj hi padha hai. Very important concept. 3 is to 1 bonus matlab kya? 3 is to 1. 3 shares bonus. 3 bonus shares for every. 1 share held. 3 is to 1. Aayse hai ga. 3 bonus shares for every. 1 share held. Ulta boolou agar mein 1 is to 3. 1 is to 3. 1 bonus share for every. 3 shares held. Ye bhi concept clear hai? Bonus ke baat. Security market. Stock market. Primary market. Secondary market. Primary market. IPO wala. And secondary market. Investor to investor wala. Next one.
[01:28:15] Speaker ?: Necessary accounts.
[01:28:16] Speaker 1: Necessary accounts. 3 accounts. Kwanse? DMAT. Trading and saving. Jis mein paise hona achiye. DMAT account kya hai? Cupboard. Trading account. Raasta. To trade. Next.
[01:28:30] Speaker ?: Documents.
[01:28:31] Speaker 1: Documents. Documents ho am ne bolet hai alag alag. Contract note. Contract note.
[01:28:34] Speaker ?: Contract note.
[01:28:34] Speaker 1: Very important. Yesterday we discussed the contract note. Can you tell me any 3 contents of the contract note? Number of shares? Number of shares? Sorry. Settlement date and trade date and? Details like hoi toh puchh raho ho. Order number tha. Can I say buyer ka naam tha? Seller ka naam? Acha. Agar mein seller ho toh merah naam. Agar mein buyer ho ho merah naam. Can I say price bhi aega? Price at which I have what? Yes. Okay. Taxes aenghe. Like if you remember CGST, SGST we saw yesterday. STT bhi aata tha. Securities, Transaction, Tax. Different, different prices. Brokerage kitna aata hai? Ye bhi aaya tha. Acha. Contract note bhi very important. Mandatory ho ta hai kya broker ko mujhe dena contract note? Within 24 hours by email a jana chaiye. Okay. Next point. Settlement date ki am ne. T plus 2. Acha by the way 2, do you remember it was 2 working days. LTP. LTP kya tha? Latest traded price. Fir uske baad pre opening wahi wala tha na. Pre opening concert timing 9 to 9.15. 9.15 to 3.30. Actual market hours. 3.32 4 baad mein bolongi. After 4 AMH. After market hours. And usme order jo place ho ga that is AMO. Usko kya bolenge? After market order. Can we place AMOs? Yes. Execute ka boga? Next day when market starts. Okay. Next concept. Gap up, gap down. And? Unch. What is gap up? Opening price is higher than previous day closing price. Gap down? Vice versa. Reverse. Remain same is unchanged. Next. Announcement date. Announcement date. Record date. And X bonus date. Can we take the privilege of bonus shares even after we buy after announcement date? But it should be before X bonus date. Before X bonus jab aap buy karte ho. Then automatically record date pe aapke account me shares jamma ho jaate hai. And you will be entitled to bonus. X bonus is excluding bonus. Okay. Investors. Char investors boh le haja aam ne aalag aalag. RII. What is RII? Retail individual investors. People like you and me. HNI. High net worth individuals. Those who are investing more than 2 lakhs in an IPO. In a specific IPO. Tisra. DII. Domestic institutional investors. Like? Like? Banks. Insurance companies. Mutual funds. All these. Okay. And last one is? FII. FII kya tha? Foreign institutional investors. Okay. Depository. Depository kone hota hai? The magician. Why the magician converts physical shares into demat shares. Very important role played by them. Two very famous depositories in India. NSDL. CDSL. Dono hai kuch bhaari difference hai hai hai. Doho aalag aalag depository hai hai. That's it. Doho aalag aalag depository hai. I can choose which depository I want. Okay. Next one. DP. What is DP? Depository. Participant. Kone hota hai DP? Broker is a DP. And we open an account with? DP. Broker. Broker opens. Or. Maynay ek or word bola tha. Maps. Map patla bila kya? Links. Links my account with whom? Either NSDL. Or with CDSL. Is this okay? Basit na kiya hai. Clearing house. Clearing house. Maynay bola. Same logic like banks. Jaisa banks ke liye. But banks ke liye. Common clearing house hota hai. Vaisa generally is ke liye. Alag alag clearing houses hota hai. Jaisa main aapko tino ka tino ka tino alag alag hota hai. Yaisa main aapko alag se batai hai. Is this okay? Phir amne money control peya. Aaj corporate action karke word pada. Did you write this now? Corporate action. Aapne key terms me likha hai ki nahi? Likha hai toh achi batai hai. So corporate action me. Which actions did we talk about quickly? Bonus. Acha BOD meeting. AGM, EGM. Bonus. Split. Rights. Basit na hai. Haan. Uske baad mene aapko ek volume ka concept bhi pata hai. Volume ka concept nahi likhha hai na. Shaiyad amne aaj. Ki likhha hai. Volume nahi likhha hai. It's an important concept. Let us write this down. Volume. Volume. Number of shares. Number of shares. Which are traded. Number of shares which are traded on a specific day. Okay. Okay. Thir baad mene aapko ye bhi bola tha. Dekho volume me you get an automatic five days volume, ten days volume. Ye amne already bola tha. Yes. One more point which we did was low high of the day. That's a noble concept. Low high ke saad saad aur konsa dekhta hai? 52 week high. And 52 week low. That also we talked about. Okay. So. Agar aap dekho ghe toh market vise pre opening toh chalo ho gaya hai. Do you remember what was the stock price of L&T which we had checked some time ago? It was the same na? Ye toh chalo. Changed nai huo hai. Okay. Maybe at 9.15 we'll be able to see that change. Maybe ek baar sirf refresh karke dekhte ho. Very important. See this guys. And kya likhha hai? Baut clearly kya likhha hai? Can you see this? These are the pre opening session prices. Oh. And he hapa likhha bhi hai. What is the pre opening session price? 9 to 9.15. Agar aap dekhen ghe.
[01:34:43] Speaker ?: Agar aap dekhen ghe. Aap dekhen ghe.
[01:34:43] Speaker 1: Doonho jaga phe ye upar open ho gaya thoda. But see. Yaha pae 0.6%. So. Yaha pae 7 rupay upar open ho gaya hai. Yaha pae sirf. Ek rupay upar ho gaya upar. Construpt ane ko pata hai. Doonho jaga phe demand supply alag ho sakta hai. Jiske karen prices alag ho sakta hai. Okay. If you see here. What was previous close. One two four four. Isse kai upar open ho gaya na. So this is a gap. Up opening. Agay hai samaj bhe. Yes. Ek dam practically bhi. You have seen that. Ek bar dekha hai toa aram sehat a jae ga. Hmm. So I hope aaj kai sabhi concepts clear hain. I'll see you tomorrow. Yes. So I hope aapko ek fulfilling feeling abhi arhi hogi. That jo humna request kiya ho apne ko mila. Customer is a king. Vaapis ek bar prove ho gaya. I had to upload this lecture on so many requests. I am really overwhelmed. I received I don't know how many. I have not even counted. But more than thousands of comments on all my YouTube videos relating to stock market. And what I did was as a giveaway. Just as a me na poshuruat mein bataya tha. That I would like to give this session free of cost. 11 sessions free of cost. For selected few people. I thought that feeling good about something and voicing your opinion are two different things. Like when I was a school kid or when I was in college even. I really thought that yaar teacher baat achi hai. But I never had. You know that guts or maybe I didn't have that attitude to speak it up. So I really appreciate those who can voice their thoughts very well. And out of the various comments I have shortlisted seven comments. And out of the various comments I have shortlisted seven comments. Jho mere dil ko bohat bhaagaya. There's no base for that. It's just that I loved it. So I thought seven comments jho me ne shortlist kiye hai. Ho mei apko paddke baata hoongi. And yeh saath logon ke naam bhe mei lene waali ho. You guys deserve a free lecture series. That would be a small gift from my side. A thank you gift from my side. So I'm just quickly reading the comments for you all. This first one is from Somnath Saha. He says, you're the coolest CA I have ever witnessed. God bless you ma'am and keep sharing your treasures. Love from a 20 year kid of Assam. Okay, so that was the first one coming up from Assam. And the best part I liked was the coolest CA, right? Because generally, CAs kaimei jase hota hai, badei boring se hota hai. So I feel good that some people at least feel that CAs are also cool, right? Okay, the second one is for Mohit Sonkhia. And he has said that, ma'am, your teaching style is really wonderful. Thank you so much for all the knowledge that you have provided. And because of you, I earned 18,000 through stocks. Being a 17 year old boy, my God. He's saying, may God bless you. May God bless you as well, Mohit. I don't remember earning so much money when I was 17. So it's definitely your skill, your talent as well. Mera bhot chota sa contribution is me. And he says, please kindly upload the remaining lectures. Toh aap kere to kya bhi to free mei minne wala hai na? Toh kya tension kya life mei Mohit? Okay, the third one is Prashant Arya Vanshi. And Prashant says that, Prashant Arya Vanshi, I'm repeating. He says that, I want to appreciate your voice. It is so clear. And I know its reason. Because you are a good singer. Very good technique to cover up this complicated topic. At least for me. In future, I would like to buy all your lectures. But I'm glad you also know that I'm a singer. I've not, I mean, many of you might not be knowing this. But yes, I've learned music. I've learned singing. You can watch my singing related videos. Aapke liye haa pe ek do links abhi jayenge. I love singing. That's my passion. And again, she is, other than studies, bhi kuch kar sakte hai. Iska ek meri saab se ek example set karna chahti thi mein. And to some extent, I believe I've done that. That's my passion. I keep on recording few songs. Every weekend, hum ye jamming session karte hai. Every weekend, har bar hogai ye sa zarur nahi. But most of the times, we try to do that. Toh, have a look at it. Right. So, the next one is from Sudip Dulai. And he says that, this was the most hilarious comment I read. Thank you, madam, for getting this video. And also, promise for the release of part 2 of basics of stock market. It's feeling like release of Bahubali part 2. Oh my God, that is, that's a wonderful comment. Ki hamne bahubali 2 ke liye jitna viet ke hai da, utna aapke lecture ke liye kar rahe hai. Thanks, thanks a lot Rajeshwani. It means a lot. Right. Uske baad ye tha ki, Bishal Gupta, right. Bishal says that, ma'am ek dem 100% pakka kar do. Let me point out why. Jo maine bola tha, second lecture karung hi, ma upload. Because if I'm from an engineering background, who loves to get knowledge from your video. And mein us din, jab aapke first video dekhi basics of stock market mein, believe me, within 10 minutes. 10 minutes mein, mein copy and pen leke baed gya. Cause I knew for sure, ki isse achha knowledge mujhe kai nahi milega. And tab tak nahi milega, jab tak mein yeh video khatam nahi ho jai. And that was my first day. I personally realized, haan, aaj kuchh seekha hai, isse continue karna ho ga, oh ho. So I feel that YouTube lecture, jab am dekhte hai, toh generally itna seriousness hota nahi hai. And YouTube lecture ke through bhi agar I'm able to convince someone to take out a copy and a pen and make him write certain notes. I feel that that's a big achievement for me at least, ki ma nahi itna interest develop kar pahi mein. And apko yeh karna pada, khud se, asa man se laga. I really, really appreciated this comment. Thanks a lot. One more comment which I loved was, I guess I've covered this. Yes, but I felt this was the most heart-touching comment. Jagjit Singh ji. I don't have any words for this comment. I just really would like to thank you. Because he said that everyone has a different personality, but I want my daughter become Rachna one day. My God, when I read this, I was like, do I really deserve this? I'm just trying, trying my best. But I guess this was the most wonderful comment I could get till date. And it's really amazing. Thanks a lot, Jagjit Singh again. So I guess ma ne jitte bhi haan se padke bataane the, seven comments. I have told you now, who will get my lecture free of cost. Now, three. Three will be lucky winners. And what do you have to do this lucky winner? What do you have to do to do this lucky winner? You have to subscribe to my channel. Now you haven't done it, so do it. And you have to share this video. Basics of Stock Market Lecture 2. You have to share this video. You have to share this video. With majority of your friends. Share it in your largest WhatsApp group. Paste it on your FB wall. And let me know in the comments section ki apne kiya hai, kitne logo tak ap pahunch pae hai. Just let me know that. And teen aise loog jinnohne sab se zahada sharing ki hai, which my technical team is going to help me with. And phir un mein se randomly teen loog selek kiya jayenge. And who will get an opportunity to check out this entire series absolutely free of cost. That's a small giveaway from my side for reaching that 50,000 subscribers landmark. Aise kuch aur videos ke liye just keep me motivated. I keep myself motivated definitely. But aapka pyaar milta raha, aapka bishwaas meri uper raha. To definitely I'll be doing much much more than what I am doing today. Right? Thanks a lot.