According to an official release on September 7, Amity University, Noida – reckoned for its progressive approach – has signed a MoU with Bombay Stock Exchange (BSE) Institute Limited, Mumbai to launch online programmes in Global Financial Markets at the university campus located in Sector-125, Noida.
The MoU was signed by Abhinash Kumar, joint director, Amity Directorate of Distance & Online Education and Vinod Nair, Head Academics, Bombay Stock Exchange (BSE) Institute Limited, Mumbai in the presence of Ajit K Chauhan, vice-chairman, Amity Online, Abhay K Chauhan, vice president, Amity Online and Pulock Bhattacharya, vice president, Bombay Stock Exchange (BSE) Institute Limited.
As part of the MoU, three online programmes have been launched – MBA (2 years) in Global Financial Market, Post Graduate Diploma in Global Financial Market (1 year) and BCA in Financial Technologies (3 years) which could be pursued by working professionals who want to add an edge to their profiles. All the programmes will include exposure to foreign economies and study of international financial markets.
Addressing the gathering, Chauhan said that online education offered by Amity is all geared up to become the biggest and best in the country and the present association with BSE is one important step in that direction. He said that full time scholars pursuing regular programmes at Amity also have an option to enroll for any one of the programmes launched in the area of global financial markets and benefit immensely from the online knowledge sharing by global financial experts. He expressed his hope that the mutual association between Amity and BSE Institute Limited will bring out great results in the future.
Sharing his views, Nair outlined the various programmes offered by BSEIL and the focus of the institute to increase its reach by collaborating with partner institutions across the country. Referring to the MoU as a “historic moment” for both the institutions, he averred that the institute, through its association with Amity Directorate of Distance and Online Education and its global reach, is looking forward to nurture globally competent professionals for financial markets.
On the occasion, Sugandha Sachdeva, AVP &in-charge-Metals, Energy & Currency Research at Religare Commodities Limited delivered the lecture on “Global Economic Crisis”. She said that global financial markets have a strong impact on the Indian market. Tracing the effect of global events on Indian market, she said, “Of late, the Chinese economy has slowed down and the devaluation of Chinese currency-Yuan has affected Indian market to a great extent. With long term devaluation of the Chinese currency, further downslide is expected in global markets. China is a major consumer of commodities in the world, consuming 40percent of global commodities and countries such as Indonesia, Vietnam and US which export commodities to China will be majorly affected with the devaluation of its currency”. Sounding optimistic, at the same time, the learned speaker said that Indian fundamentals are very robust and the overall macro-economic factors are very positive with the current account deficit under control and the rate of inflation at an all time low of 3.7percent as of July 2015. She said that India can chalk out a long term growth story with a potential of 9-10percent economic growth.
Delivering a lecture on ‘Application of Technical Analysis in various financial markets’, Professor Himanshu Arora, research analyst at Religare Commodities Limited apprised the audience with Indian financial system and various markets including money market, commodity market, equity market, insurance market and foreign exchange market. He shared that the interest rate in the US is presently at a record low of 0.25percent but if US hikes its interest rates, India will have to bear the brunt since the investments in India will shift to the US causing fund outflows from the Indian equity market; subsequently, the Indian currency will weaken, inflation will rise and forex reserves will decrease. He called upon the Finance students to keep themselves abreast with inter-market analysis to excel in their field.