My study notes on Chapter 6 of the NISM Research Analyst workbook: defining an industry, cyclicality, market sizing, value migration, the business life cycle, Porter’s Five Forces, PESTLE, BCG matrix, SCP analysis, industry-specific KPIs, and taxation — the full 8-mark chapter.

My study notes on Chapter 5 of the NISM Research Analyst workbook: micro vs macroeconomics, GDP and its three measurement methods, inflation, fiscal and monetary policy, balance of payments, globalization, and the secular–cyclical–seasonal trends framework with the four-phase economic cycle.

My study notes on Chapter 4 of the NISM Research Analyst workbook: investing vs trading, active vs passive, insider information vs mosaic analysis, and the four approaches — technical, fundamental, quantitative and behavioural — plus commodity fundamentals with gold and crude oil case studies.

My study notes on Chapter 3 of the NISM Research Analyst workbook: equity terms (face value, book value, intrinsic value, market cap, EV, EPS, P/E, P/S, P/BV), debt terms (coupon, YTM, current yield, duration), types of bonds, and commodity terms — with the key formulas and how this chapter is tested.

My study notes on Chapter 2 of the NISM Research Analyst workbook: what securities are, every product from equity to REITs, primary vs secondary markets, who all the participants are, the types of transactions, and demat — plus how this chapter is tested.

I’m preparing for the NISM-Series-XV Research Analyst certification using only the official NISM workbook — no courses, no random videos. Here’s the plan, the 2026 exam pattern, the full syllabus weightage, and where the numericals actually hide.