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Dalal Street

If the words Sensex and Nasdaq ring bells to you, we at Pragyan, have the perfect platform for you to test your trading skills and see if you understand the evolution of trade from barter to modern day stock exchange. Grit your teeth, take calculated risks under pressure and become the richest player in the market!

The event is live now! Visit dalal.pragyan.org to play the game!

For queries related to the event, visit forum.pragyan.org

Prize Money INR 30,000

  • Single round lasting over a period of 7 days.

  • Stock market functions from 08:00 p.m. to 00:00 a.m.

  • Players get a feel for the market price and news related to companies.

  • Players buy, sell and mortgage stocks based on their prediction.

  • Besides human participation, bots (of various intelligence levels) will also play to keep the market alive and random.

Rules:

  • All players are given a fixed amount of cash when they start.
     
  • Players make/lose money by trading stocks at the exchange.
     
  • Players get to predict the market behaviour by virtue of the constant news feed.
     
  • The market will often swing wildly - keep a keen eye on the news.
     
  • A constantly updating market depth will be shown for each stock to help players decide what other players think of that stock.
     
  • There will be a score called ‘reputation’, which is indicative of their behaviour during the game, and might face negative points if it goes too low.
     
  • Phone Verification is used for identification of unique players.
     
  • Users can watch over a particular stock and get notification for significant changes in stock.

 

Judging criteria:

The Net Worth of the players 
(Net Worth = Cash in hand + Worth of stocks)

Players are expected to climb their way to the top of the leaderboard by making intelligent investments. Players are ranked based on their net worth which is the sum of the liquid cash they own and the net worth of their stocks.

FAQs:

1) What is trade? How can I trade?
Trade is done at the stock exchange. You buy company stock from the stocks in exchange. You enter the amount of stock you want to buy from the company and click on ‘Trade’ to complete a successful trade.

2) How can I buy stocks from other players?
You can buy stocks by giving a ‘Bid’ order for the particular stock. You will receive the stock only if your bid is successful. You are permitted to negotiate for the same stock by sending another bid.

3) How can I sell stocks to other players?
You can sell stocks by giving an ‘Ask’ order for the particular stock. Only when your ‘Ask’ is successful will you receive the money. However, you can negotiate for the same stock by sending another ‘Ask’ order.

4) What are the types of orders supported by Dalal Street’s exchange?
We support ‘Limit’, ‘Market’ and ‘Stop Loss’ orders. If you’re not sure what these terms mean, worry not. We have provided resources for you to familiarise yourself with these terms. If you’re too lazy to go through them, that’s fine too. They’ll become clear as you play the Beta round.

5) Who can participate in Dalal Street?
Anyone with a valid Pragyan ID can participate. If you don’t have a Pragyan ID, then register on the Pragyan website. 

6) What is the role of bots? Who makes the bots?
The bots are present to provide realistic market fluctuations. They behave like human players - they buy, sell and mortgage stocks following their own strategies. A large number of these, each different from the other, will give the market a randomness factor. The bots will not have any advantage over human players - they will take their own sweet time to trade stocks. After all, the prize money is only for human players. Also, the bots are designed by us and not the participants.

7) Whom should I approach in case of technical problems or queries?
You can always call our managers directly in case of any emergency. Every player will be notified in case of technical difficulties within the Dalal Dashboard under the notification or alert tab. Further instructions will be put up on our main site.

 

Contacts: 

1) Prakhar Singh: 75003 87838
2) Nimish: 97914 87089
3) Adwaith: 94451 99171

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