MODERN FINANCIAL MARKETS: Structure, Instruments & Emerging Trends

Modern Financial Markets: Structure, Instruments & Emerging Trends" is a well-researched and up-to-date textbook tailored for B.Com, MBA, CA, and finance enthusiasts. Authored by Ms. Nishtha Maheshwari, Dr. Neeraj Dhauta, and Dr. Anupam Sharma, this book offers a deep dive into the workings of today’s financial markets—going beyond traditional equity and debt instruments to include derivatives, ETFs, mutual funds, REITs, InvITs, and digital assets.

The book thoroughly explains the roles of market participants, regulatory institutions (RBI, SEBI, IRDAI, PFRDA), and evolving financial laws. With dedicated chapters on FinTech, blockchain, ESG investing, and the Social Stock Exchange, it addresses the shift towards responsible and technology-driven investing.

Readers will also benefit from case studies on events like the Harshad Mehta scam, the 2008 financial crisis, and the Satyam fraud—providing real-world context to theoretical learning. The final chapter discusses future trends, including climate finance, AI in compliance (RegTech), and the vision for inclusive and smart financial markets.