Stock Broking

Markets regulator Sebi on Friday overhauled the framework for dealing with technical glitches in stock brokers' electronic trading systems, easing compliance norms, rationalising financial disincentives and excluding smaller brokers from the ambit of the rules. Under the revised framework, glitches occurring beyond a broker's control will no longer be covered. The move is aimed at improving ease of compliance and facilitating ease of doing business for market intermediaries. In its statement, Sebi said it has streamlined the eligibility criteria to exempt smaller brokers with limited business scale and lower dependence on technology. The framework will now apply only to brokers with more than 10,000 registered clients, a change that will take around 60 per cent of brokers out of the regime and significantly reduce their compliance burden. Further, glitches that originate outside a broker's trading architecture, do not directly affect trading functionality or have negligible impact

Separate business units, sandbox timelines part of proposed changes

The National Stock Exchange said stock brokers cannot distribute home, personal or vehicle loans, even if they are registered as research analysts, citing Sebi rules

Simplification in IPO documents, incentives for debt issuances also on agenda

Regulator finds lapses not serious enough for penalty

As the global artificial intelligence (AI)-led trade moderates due to rich valuations, India will re-emerge as one of the most attractive growth markets in a slowing global environment, Karwa said

Groww IPO in focus: Technical charts suggest that 5Paisa, Angel One and Motilal Oswal were trading with a negative bias and could drop up to 18%; whereas Nuvama can potentially rally up to 13%.

Industry leaders at the Business Standard BFSI Insight Summit 2025 view the broking slowdown as a healthy reset, with the next growth phase driven by increased market participation

Groww IPO Price Band: Groww IPO has been priced in the band of ₹95 to ₹100 per share, with a minimum lot size of 150 shares

Groww's active client base has grown at a remarkable FY21-25 compound annual growth rate (CAGR) of 101.7 per cent, sharply outpacing the industry's 27 per cent and AngelOne's 48.3 per cent.

Zerodha is developing the product under GIFT City framework, which offers regulatory clarity for international financial services and investments under the IFSCA

New Sebi framework aims to reduce duplication of penalties, bring uniformity across exchanges, and ease compliance for brokerage firms

Anand Rathi Share and Stock Brokers: The subscription window will remain open from September 23 to September 25

According to the Securities and Exchange Board of India's (Sebi's) annual report, the share of clients contributed by the top 10 brokers on NSE fell to 48.3% in 2024-25 (FY25), from 63.7%

MobiKwik Securities Broking (MSBPL), a subsidiary of MobiKwik, receives SEBI approval to act as a stock broker and clearing member, strengthening its position in the capital markets ecosystem.

In the past two years, Groww has nearly tripled its active client base, while Angel One's growth has slowed, highlighting diverging strategies and investor preferences

Market participants raise concerns over BSE's varying transaction charges, while BSE defends its transparent, regulation-compliant fee structure

The DEA has amended Rule 8 of SCRR to clarify that brokers can invest in group companies using own or borrowed funds without breaching rules if liabilities are limited

Markets regulator Sebi on Friday allowed stock brokers to operate in the International Financial Services Centre (IFSC) at GIFT City, without taking its prior approval. Stock brokers proposing to undertake securities market related activities in GIFT-IFSC are permitted to do so under a separate business unit (SBU) of the stock broking entity itself. These activities can also be carried out if the branch qualifies as an SBU, Sebi said in its circular. Moreover, the existing practice of carrying out securities market-related activities in GIFT-IFSC through a subsidiary is also allowed. Thus, the form in which these activities are to be carried out is at the discretion of the entity. The matters related to policy, eligibility criteria, risk management, investor grievances, inspection, enforcement, claims for SBU in GIFT-IFSC would be specified under the regulatory framework issued by the regulatory authority concerned and all activities of the SBU in GIFT-IFSC would be under the ...

The brokerage house anticipates that foreign portfolio investor (FPI) outflows will stabilise, suggesting that India is nearing the end of a period of significant selling by overseas funds