Virtual Stock Market Game

About:

eDC IIT Delhi comes up with its ‘Stock Star’ to create new “Wolf of Wall Street”.  This program or application that attempts to reproduce or duplicate some or all features of a live stock market on a computer so that a player may practice trading stocks without financial risk.

Game:

Virtual Stock market games are speculative games that allows players to trade stocks, futures, or currency in a virtual or simulated market environment.

Players compete with each other to see who can predict the direction the stock markets will go next.

Stock market games are often used for educational purposes to teach potential stock traders and future stock brokers how to trade stocks.

Stock market games can also be used for entertainment purposes and to engage in fantasy trading competitions. .

Rules & Timeline:

  • Virtual stock trading platform will be provided from 27th Feb to 2nd March.
  • The competition shall be active fortrading days during market hours (09:15 am - 03:30 pm). A trading day is defined as a day when both NSE and BSE are open for trading.
  • At the start of the contest, Rs. 15 Lakh of virtual money will be allocated to each participant.
  • The participant with the highest Net Worth (cash in hand + value of stocks held) at the end of all the trading days will be the winner. Similarly, the next two participants will be the first runner-up and second runner-up, respectively.
  • The account allocated is purely virtual and cannot be liquidated into real money. Any profit / loss madein this contest / game is virtual and only for the purpose of the competition.
  • Daily Turnover Restrictions:

    • Participants MUST restrict their trading turnover to less than or equal to Rs. 3 Crore. Turnover means the sum total of all the transactions executed on a particular trading day. This includes shares bought and sold on the same day or shares sold today while they were purchased on some other trading day.
    • One-time Deviation:
    • One error in terms of higher turnover from participants will be allowed. However, the maximum excess turnover should NOT be more than `50 Lakh. This means that if a participant does a turnover of up to `3.5 Crore, on any day of the contest, it will be considered as a one-time deviation and the participant will not be disqualified. In the event that a participant exceeds the turnover of `3.5 Crore, he / she will be disqualified from the contest even if it is for the first time.

    Who Will be Interested:

    • Any one interested in stocks, bonds, futures, interest rates, foreign currencies.
    • A big platform for Economics and Business Students to test their knowledge without any financial risk.

    For additional queries:

    Contact: Rishabh Goel(+91-9953487704) or drop a mail to [email protected]