Capital markets regulator Sebi has slapped a fine of Rs 10 lakh on brokerage firm Angel Broking Ltd for alleged violation of regulatory norms. Angel Broking Ltd (now known as Angel One Ltd) is a Sebi-registered stock and commodity broker. The firm is listed on both the bourses -- BSE and NSE. The order came after Sebi along with the stock exchanges and the depositories conducted a comprehensive joint inspection of the functioning of Angel Broking Ltd (ABL). The period of inspection was from April 2019 to December 2020. Based on the findings of the inspection, the markets watchdog initiated adjudication proceedings against ABL. In its 78-page order, Sebi found that ABL pledged securities of clients who have a credit balance in their ledger and the mis-utilisation was to the extent of Rs 32.97 crore. Also, the regulator observed that the noticee (ABL) did not do actual settlement of funds of inactive clients during the inspection period in 300 instances and the non-settled amount wa
Stock broking firm, which manages 13 million clients, said certain client profile data like name, email, mobile number and client holding data may have been accessed in an unauthorised manner
CLOSING BELL: The broader markets outperformed; Midcap and SmaIlcap indices were up 0.5 per cent and 0.2 per cent, respectively.
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CLOSING BELL: Broader markets, however, underperformed benchmark indices as Nifty SmallCap 100 and Nifty MidCap 100 indices dropped up to 0.1 per cent
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The grey market premium (GMP) on Elecrtonics Mart India's (EMI's) shares was Rs 30-35 apiece, translating into a listing pop of up to 59 per cent
Stocks to watch today: L&T Technology Services and Jindal Steel and Power will share June quarter 2022 (Q1FY23) results on Friday, July 15.
Stocks to watch today: Tata Elxsi, L&T Infotech will report their June quarter results 2022 on Thursday July 14; Mindtree posted 37.3 per cent rise in net profit to Rs 471.6 crore for Q1FY23.
According to analysts, the stock broking industry is expected to see tepid growth in fiscal year 2022-23 (FY23) amid market volatility
On an annualised basis, the gross addition grew by 108.7 per cent in the 12 months ending May 2022, the city-based securities firm said in a statement on Monday
On April 29, 2022, the promoter, Rahul Thakkar sold 41,200 equity shares of Angel One via open market sale.
Angel One saw its stock end the day at Rs 1,918.7, valuing the company at Rs 15,910 crore.