'More investors now view the stock market as a valuable opportunity, though many still seek quick gains, leading to a rise in futures and options trading.'
'Rather than abolishing stamp duty as STT is already levied on all transactions, the government has de-facto imposed a state STT in the guise of stamp duty'
The Securities and Exchange Board of India's (Sebi's) six-step plan to curb retail participation in speculative index derivatives may lead to a substantial drop in volumes - potentially by 30-40 per cent. These measures aim to reduce excessive speculation in the futures and options (F&O) segment, where daily turnover often exceeds Rs 500 trillion and retail investors end up on the losing side of the trade more often. Sebi has decided to increase the contract size from Rs 5 lakh to Rs 15 lakh, raising margin requirements and mandating the upfront collection of option premiums from buyers.
A key demand is to reduce the dividend distribution tax on listed firms.
Investor forum wants govt to take over exchange, raises doubts on claims of matching stocks; NSEL says default by brokers to be dealt with legally.
With necessity being the mother of invention, commercial property developers are going off the beaten track to meet the challenge of a huge sales slowdown.
Among the new entries, the largest by market capitalisation are LIC, Avenue Supermarts (DMart), Adani Green Energy, Zomato and Jio Financial Services.
The directions follow a report by the Indian Cyber Crime Coordination Centre, which has seen a new pattern of transnational cyber-enabled financial fraud and investment scam, impersonating as stockbrokers and company executives.
The stage may be set for a recalibrated US-Iran relationship, suggests Ambassador M K Bhadrakumar.
Brokers have only kept guarantees for which they have open positions.
Several investors wanting to invest in mutual fund schemes, amid the selloff in the market on Tuesday, were left in the lurch as online MF investment platforms failed to execute the transactions on time.
While selecting in an insurance broker, you need to remember that a good insurance broker: knows the industry; knows the procedures and processes of the various companies that offer coverage; can cut through the red tape and interpret the jargon found in most contracts; and has a good relationship with insurance companies.
The Securities and Exchange Board of India is conducting inspection of stockbrokers, who act as depository participants (DPs) and are also into margin-funding business, as there have been instances of client-account mismanagement.
The Bombay Stock Exchange on Wednesday put in place a graded penalty mechanism, with fines starting from Rs 10,000 for brokers who fail to make timely submission of risk-based supervision data and prolonged non-compliance leading to disablement of trading terminals.
According to sources, the market regulator is planning to introduce colour forms for client registration in a bid to stop brokers from making changes after a client has filled up the form. Currently, there are boxes each for cash derivatives and debt, and investors have to indicate whether they want to trade in the cash market or futures and options. In some cases, brokers themselves click on the derivatives option without the permission of the client.
Besides, the capital market regulator would ask all the market entities, including brokers and mutual funds, to implement the new common know your client norms even for their existing clients in a phased manner.
The new system would ensure cost efficiency.
Benchmark equity indices Sensex and Nifty pared early gains to settle lower on Wednesday due to late selling in index major Reliance Industries, ITC and HDFC Bank even as the RBI took the first step towards a rate cut in its monetary policy review. Erasing its early gains, the 30-share BSE Sensex fell 167.71 points or 0.21 per cent to close at 81,467.1. During the day, it surged 684.4 points or 0.83 per cent to hit an intra-day high of 82,319.21.
'UPSC is a very tough exam. I am trying my best to make a success out of it.'
'...spent 1/10th of his time at 24, Akbar Road...' 'He would have met thousands of party workers and ordinary Congress supporters who have love for the party.' 'Left of Centre intellectuals have shaped Rahul's values, but he lacks earthiness.'
No broker nor an expert who comes on the paid channels is ever going to tell you the following things... be careful... read on.
In upmarket areas like Bandra and Khar, the going brokerage is as high as 4 per cent
Describing the conflict between Israel and Hezbollah as the deadliest in decades, Biden said lasting security for the people of the two countries cannot be achieved only on the battlefield.
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The new norms would do away with the current system that require stock brokers to get separate registration certificates from the Securities and Exchange Board of India for every market segment they trade in, like equity, equity derivatives and currency derivatives.
NSEL scam: Brokers of IIFL, Anand Rathi, Geojit arrested.
Consolidation is happening because of a prolonged slowdown in residential sales which has also brought down the business of brokerages.
Hampshire became the first county championship club to be owned by an overseas franchise.
There was more to him than he let on, asserts Aditi Phadnis.
Iran and Saudi Arabia have agreed to re-establish diplomatic relations and reopen embassies after talks in Beijing between officials from the two rival Middle East powers, Iranian state media reported on Friday.
Kareena's cop, Rajni's supercop and Samantha's spy, it's a star-studded week on OTT this time. Sukanya Verma lists your options on OTT this week.
Regulator proposes mutual fund model for infrastructure debt funds.
The rupee tumbled 3 per cent against the US dollar in 2024 as concerns over slower economic growth and a stronger greenback in global markets weighed, but it was among the least volatile currencies in the world and the headwinds may be less intense in the coming year.
It is important to zero in on the right Net broker before stepping into the convenient world of online stock investing. Evaluate both qualitative and quantitative factors to make a choice.
