Educating KK : Basics

Nifty - The group of best companies listed on the National Stock Exchange 

Sensex - The group of best companies listed on the Bombay Stock Exchange

NSE - National Stock Exchange .  Is bigger and has more volume

BSE - Bombay Stock Exchange . Is older and has some scrips which are exclusive to it.

 
From time to time prices on BSE and NSE for the same stock will be different. Buy whichever is cheaper as we are in it for investing and liquidity doesn't matter . For traders I would suggest to stick with NSE.

Order Type

Market Order - Buying a share at the current market price with no questions asked.

Limit Order - Try to buy at a lower price or sell at a higher price . Similar to negotiating for prices.

The other types of orders are SL Limit Order & SL Market Order

Type Of Trading

Delivery - You are going to receive the shares / securities / stocks under your name . Upon booking profit you  will be paying capital gains tax for the same ( Short / Long based on tenure of holding)

Intraday - You are speculating the stock might go up / down , akin to gambling . Will be classified as other income / speculative income and will be taxed with your regular income

Complexity 

Simple - Trade is placed and executed during regular market hours .

AMO - Trade is placed outside market hours and executed during regular market hours. 

Validity 

 Day - Your offer is only valid for the day  

 IOC is not advisable as a sudden turbulence in the market due to speculation or freak trades will result in huge loss

Dividend

A dividend is the distribution of profits to the eligible shareholders (based on record date).Dividend payments and amounts are determined by a company's board of directors. Dividends are payments made by publicly listed companies as a reward to investors for putting their money into the venture.