Investing should help the investor make money, not his broker.
Chinese brokers had been looking to use some of the cash they raised this year to expand their global reach
Overall market open interest on NSE down 15 per cent to Rs 89,307 crore (Rs 893.07 billion). A majority of stock brokers have unwound their leveraged positions in the futures and options segment. The total leveraged position (in excess of Rs 1 lakh crore or Rs 1 trillion) contributed heavily to the stock market crash.
United States President-elect Donald Trump on Tuesday said that he understands the Russian feeling with NATO (North Atlantic Treaty Organisation) being on their doorstep.
The response was overwhelming even though the members would have to pay a capital gains tax of 20 per cent on their stake sale.
BSE's fresh shot at cracking the derivatives market is off to a promising start. However, Asia's oldest bourse is facing resistance from brokerages with nearly 10 large brokers yet to offer the relaunched Sensex and Bankex derivatives on their platforms. Many brokers maintain that they are working on the back end to enable BSE derivatives on their apps and websites. Some said while volumes are picking up, they are still miniscule compared to bigger rival NSE, which is the most-preferred venue for derivatives trading. Only a few brokers responded to formal queries sent by Business Standard on the issue of allowing BSE derivatives on their platform.
'As on August 25, 94,753 Govindas have been insured.' 'This number is expected to rise further, as proposals for 5,000 to 8,000 Govindas are received daily.'
The Securities and Exchange Board of India (Sebi) has warned stock brokers against forcing clients to give a power of attorney (PoA) in their favour for operating client accounts.
After the Bombay Stock Exchange (BSE) Brokers Forum, the Association of National Stock Exchange Members of India (ANMI) has decided to approach the government and the Securities and Exchange Board of India (Sebi) on extension of trading hours from January 4.
Cardiac care plans are ideal for individuals with pre-existing heart conditions or a family history of heart issues. Those who can't get coverage under a comprehensive plan should opt for these plans.
Maharashtra Chief Minister Devendra Phadnavis on Sunday faced flak for "brokering the deal" with Maharashtra Navnirman Sena instead of enforcing law and order, amid the row around the release of Karan Johar's "Ae Dil Hai Mushkil".
'We want to play the value game for our consumers, which is health and retail will grow faster for us than the group.'
DIPP's proposal is believed to have the support of the ministry of consumer affairs, food and public distribution and was originally mooted by the Forward Markets Commission.
Shobhaa De pays tribute to another legend who passed into the ages on August 23, publisher, producer and entrepreneur Nari Hira.
Exchange-traded currency derivatives volumes are likely to drop in view of new Reserve Bank of India (RBI) rules, casting a cloud over further participation of retail investors and proprietary traders. There are concerns that existing positions without any underlying exposure will need to be liquidated. Also, weighed down by dollar demand from local oil companies and weakness in its Asian peers, the rupee on Wednesday (April 3) ended at a new closing low of 83.44 versus the US currency.
Raids have been conducted at 21 places in Ahmedabad, Mumbai and Delhi.
In a major capital market reform, the government on Tuesday issued an ordinance that would bar brokers from managing bourses, ensure greater trade in small companies' shares and safeguard small investors' interests.
Brokers said the Securities Transaction Tax regime and high stamp duty charges on share market transactions were the main reasons for the high cost of trading in India. As per the current STT rate structure, a delivery-based cash market transaction is taxed at Rs 12,500 per Rs 1 crore (Rs 10 million), or 0.125 per cent. The tax is levied on both buyers and sellers.
As much as stock selection is a systematic and an extremely essential aspect to equity investing, so is choosing the right broker.
Supertech's revenues zoomed to Rs 1,874 crore in 2012-13, from Rs 218 crore in 2007-08, on the back of a real estate boom.
However, in a circular issued earlier, the market regulator had asked stock brokers and trading members to complete the auditing from independent qualified chartered accountants but now the role has been extended to company secretaries or cost and management accountants.
The Securities Appellate Tribunal (SAT) on Thursday quashed the markets regulator Sebi's order imposing a fine of Rs 7 crore on the National Stock Exchange (NSE) in the dark-fibre case. Additionally, the tribunal has set aside a fine of Rs 5 crore levied by Sebi on the exchange's former official Anand Subramanian. Further, it has partly set aside the regulator's order against former MD and CEO of NSE Chitra Ramkrishna, ex-official Ravi Varanasi and a few stock brokers, among others.
The regulator has decided to allow registered brokers (including trading members) of stock exchanges to provide security market access to their clients through authorised persons. The regulation follows the recommendations made by the Secondary Market Advisory Committee of Sebi and discussions with the stock exchanges.
Hedgeloop, Accuracap and other entities are pioneering a growing market and attracting much interest from businesses by using software to make informed decisions in this area
Customers frequently sign without reading the terms and conditions, resulting in a poor understanding of coverage, and eventually leading to partial payouts
We discuss some basic tips to follow while dealing with stock brokers so that a financial crisis is avoided in future.
Dr Nagesh Kumar, one of the three new MPC members, wanted the MPC to reduce the repo rate by 25 basis points to 6.25%.
Market regulator Sebi on Monday proposed to ban brokers from recommending shares to investors based on subjective and arbitrary information, as part of the exercise to guard against insider trading.The guidelines, on which Sebi has invited comments from public by April 15, further said that investors would be required to have a minimum net worth of Rs 5 lakhs for trading in derivative segments.
A couple of log-in steps that essentially require you to share your personal details and preferences and your account is ready.
This was a fresh probe based on the inspection of certain derivative contracts both on the BSE and NSE.
Federal Bureau of Investigation agents on Tuesday arrested 48 foreign exchange brokers in connection with a probe into securities and currency fraud, according to a CNN/Money report.
Fed up with lack of initiative from nominated representatives on the board for reviving the Calcutta Stock Exchange and stagnant business, a large number of brokers have begun surrendering their C-star terminals.
Indian companies are generating more cash than ever. The net cash flow from listed firms' operations hit a new high of Rs 11.1 trillion in financial year 2023-24 (FY24), crossing the Rs 10-trillion mark for the first time, according to the Centre for Monitoring Indian Economy (CMIE) data going back to 1990-91. The FY24 figure represents a 19.3 per cent jump over the previous year, even as quite a few companies are yet to release their numbers.
The market regulator had first proposed such a facility to alert investors about trades being conducted in their accounts in August 2011.
Vishsveshwara Theertha Swami of the Pejawar mutt from the religious Udupi town in coastal Karnataka is trying to broker peace between the Janata Dal-Secular and the Bharatiya Janata Party in Karnataka so that the two parties could get together and form the government.
.jpg)
As home deals are down to a trickle, most are looking at life beyond broking.
