Page 14 - Brokerages
Domestic brokerages cash in on D-Street party
Tighter cost structure, online expansion, and MF distribution help broking outfits shore up revenues
 "Domestic brokerages cash in on D-Street party")
Brokerages cautious on market outlook
While the Street has welcomed last week's election results with a 500 point up-move on the Sensex, brokerages are guarded on further gains.This is due to an adverse interest rate cycle, higher bond yields in developed markets, impacting the flow of liquidity in general, and expensive valuations. Bank of America Merrill Lynch (BofaML) analysts say the domestic equity market, trading at above-average multiples, is susceptible to global risks. And, earnings are expected to see the effects of demonetisation in the March quarter. The brokerage is cautious on the near term. Gautam Duggad and Nikhil Gupta of Motilal Oswal Securities are cautiously optimistic, preferring stocks with earnings visibility. The brokerage believes focus would soon revert to fundamentals, as valuations at 18 times the FY18 earnings estimate do not provide meaningful room for a rise. The poll wins for the ruling party are expected to strengthen the government's resolve on addressing key pending issues such as ...
 "Brokerages cautious on market outlook")
Brokerages get a bull market boost
Due to the rally in equity markets, the profit of all the major brokers have seen a double digit rise in the September quarter
 "Brokerages get a bull market boost")
It's 'happy hour' as brokers pour sops to retain clients
These incentives come at a time when the competition in broking segment has intensified with stagnating volumes and emergence of new age players
 "It's 'happy hour' as brokers pour sops to retain clients")