Questions 1 to 6 will help you understand the headline of an article about an incident on the Indian Stock Market . They may look difficult but they will definitively increase your business vocabulary. Make sure you read every feedback carefully as it will often help you understand the following questions and make a note of all the words you didn't know.
Please look at the following words . Put them them in the correct order so as to make up the original headline of the following article:
probe -- slump --shares -- India -- sparks --
Now read the first paragraph.
Indian stocks briefly plummeted after regulators announced a crackdown on several (xxxxxxx) and banks following alleged market irregularities.
The key Bombay Stock Exchange fell by more than 4% in the first minute of trade, before recovering its losses.
The slump followed a statement by the Securities and Exchange Board of India, which said it had uncovered serious violations in recent stock flotations.
By the close, shares had recovered to finish up 0.14% at 11,851.93 points.
The sudden drop in shares came at a time of major gains for the Mumbai-based stock exchange, which has climbed by about 24% so far this year after rising by more than 42% in 2005.
Now read the second part of the article:
At its lowest point, the exchange fell by almost 500 points to 11,344.61 shortly after opening on Friday.
Despite the eventual recovery, investors said they expected trade to remain volatile for some time. "We expect the markets to remain choppy in coming sessions," said Manoj Kakaiya of India's ULJK Securities.
Indian regulators said they had carried out investigations into initial public share offerings - or IPOs - on the Bombay Stock Exchange between January 2003 and December 2005 and found "violations of a serious nature".
Officials said several operators had "cornered" IPO shares set (xxxxxx) for small investors, filing applications through thousands of accounts in fictitious names, before transferring them to major operators for a profit.
As a result, market regulators said they had banned 24 "key operators" from buying or selling securities on their own account, although the firms would be permitted to invest money for other clients.
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