IIM Indore hosts Beat the Market" as a part of Ahvan'12"
| October 11,2012 05:31 pm IST
For some its a hobby; for some its a profession; for some, its a game of chances; and for some its just outright gambling. Beat The Market, the stock-trading game of Ahvan was conceptualized for all those who have a knack for trading.
Ahvan, known in the B-School network for its revolutionary & ground breaking events, came up this year with the online trading platform to mock the likes of Sensex & Nifty through Beat the Market.
The competition commenced 3 weeks prior to the management fest in collaboration with Voyage Capital, IIMI Mutual Fund, and received participation from all across India. The event had already seen tremendous enthusiasm from participants and trading enthusiasts. A total of 582 teams were registered for the round 1 that commenced on October 4, 2012. The first round is the screening round and is aimed at filtering out the top potential trading freaks. This round constituted of a comprehensive quiz testing the participants on the current macro-economic trends, world markets, investment instruments, trading strategies, investment model. In addition to the quiz, the round comprised of a set of scenarios enlisting analysis of stocks in the market. The round tested General Awareness and Working knowledge of the stock market of the participants. Marked as one of the largest events, this round has seen participation from ISB Hyderabd, IIMs A, B, C, L and K, all the new IIMs, and other premier institutes like IIFT, IIT Delhi, Madras, and Kanpur amongst others. With teasing questions on stock market, the quiz proved to be a nail biter. Out of the total registered teams, only 43 were shortlisted to the second round based on quiz , analysis and the time in which they finished the exercise.
The second round is the online Trading round which would mimic NSE and BSE. This round constitutes of a 5-day trading simulation event on a virtual stock market platform via moneycontrol.com. Each team will be given a corpus of Rs.25 lakhs which they can use to trade over the period of 5 days. Moneybhai portal on money control will be the host portal via which the entire process of trading takes place. Starting on 8th October, 2012, 9.15 AM the 43 teams hailing from institutes like IIM C, I, Udaipur, IMT Ghaziabad, DMS IIT D and others would be trading to get the highest returns to win the coveted title of Badshahs of Stock Markets. Through this round, the participants are tested on concepts of Fundamental and technical analysis of stocks. At the grand finale on Friday, October 12th, the team with the largest portfolio at the end of day 5 will be declared the winner.
Beat the Market also has opened its registrations for corporate participants. The event has seen participation from employees of Oracle, Futures First and other trading organizations. What with the lucrative rewards of both money and fun, Beat the Market is set to become one of the most awaited events of B-Schools.