Page 2 - Stock Broking

Sebi's uniform charge rule faces BSE test amid concerns over fee structure

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

Govt gives stockbrokers flexibility in group companies' investments

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

Sebi relaxes norms for brokers to expand in Gift City, nixes separate NOC

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 ...

India markets' long-term fundamentals strong, says HDFC Securities

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

Almondz Global Securities to demerge broking biz, list as separate entity

The move is to sharpen the focus on the stock broking business and unlock economic value. The broking business contributes to about a fifth of AGSL's revenue

Relief for brokers as stock exchanges ease technical glitch norms

The exchanges have also revised the list of instances that will be considered a technical glitch, excluding those where the broker is not at fault

One Mobikwik Systems to enter stock broking business; shares fall 4%

The Ministry of Corporate Affairs approved the incorporation of Mobikwik Securities Broking Private Limited, a wholly-owned subsidiary of the company, on March 03, 2025

Broking stocks under pressure; 360 One, Geojit, JM Financial fall up to 8%

Shares of broking companies were under pressure on Monday on concerns that any significant volatility in the market's performance can directly put pressure on their overall income profile.

Amid market fall, Zerodha's Kamath warns of degrowth in broking industry

Kamath highlighted that the industry is already grappling with a substantial drop in activity following recent regulatory changes

Sebi tweaks investor charter for brokers to boost consumer protection

Markets regulator Sebi on Friday tweaked the investor charter for stock brokers in a bid to boost financial consumer protection alongside enhancing financial inclusion and financial literacy. This came in view of the recent developments in the securities market including introduction of Online Dispute Resolution (ODR) platform and SCORES 2.0 -- a web based centralised grievance redressal system of Sebi. The modified charter includes vision, mission, services provided to investors by brokers, various activities of brokers with timelines, Dos and Don'ts for investors, grievance redressal mechanism and handling of investor's claims in case of default of a trading member along with the format for investor complaints data to be displayed by brokers on their respective websites and trend of annual disposal of complaints. The markets regulator has asked brokers to bring the charter to the notice of their clients by disclosing it on their respective websites, making them available at ...

Stocks of listed brokers, asset managers dip up to 70% amid market crash

Fortunes of stock brokers and asset managers, analysts suggest, are directly linked with how the primary and secondary markets play out.

Market regulator Sebi proposes to beef up trading account security

Suggests a SIM binding framework to prevent unauthorised access to demat and trading accounts

Capital market-related stocks in focus; MOFSL, KFintech soar upto 12% today

For capital market players, higher disposable incomes could support systematic investment plan (SIP), future & options (F&O) and cash volumes

Sebi cancels registration of 4 stock brokers including GACM Technologies

Markets regulator Sebi on Wednesday cancelled the registration of four stock brokers -- Single Window Securities, Sunness Capital India, GACM Technologies and Infotech Portfolio -- after they failed to meet the registration requirements. The main reason for cancelling the registration certificate of these entities is to prevent them from misusing their Sebi registration without being a member of a recognised stock exchange, on unaware investors, the regulator said in four separate orders. Despite the cancellation of their registration, these entities remain liable for any actions they took or failed to take as stock brokers. They are also responsible for paying any outstanding fees, dues, and interest owed to Sebi, it added. In its orders, Sebi said that four stock brokers were granted registrations subject to certain conditions, including the condition that they continue to be members of a recognised stock exchange. Considering these entities are no longer members of any stock ...

DAM Capital hits lowest level since listing; stock tanks 36% from high

The stock was down 5 per cent at Rs 294.25, its lowest level since listing on December 27, 2024, trading close to its issue price of Rs 283 per share.

Broker claims 1,103 dependent children accounts; Sebi slaps Rs 9 lakh fine

Sebi had carried out a detailed and thematic inspection of the Stocking Services Limited with the theme 'Multiple UCCs mapped to common email ID or common mobile number'

Sebi proposes online monitoring of stock brokers' system audit by exchanges

Exchanges will have to ensure that auditors conduct physical visits to the premises of the stock broker. Further, they will have to develop a web portal to monitor and supervise the process

Mirae Asset Financial Group completes acquisition of Sharekhan

Jisang Yoo, CEO, Mirae Asset Capital Markets India, will be appointed as the CEO of Mirae Asset Sharekhan.

Cred-owned Spenny eyes stock broking licence to rival Zerodha, Groww

With 13 million users, Kunal Shah's Cred looks to diversify revenues, complementing payments, lending, and wealth management services

Angel One soars 9% post Q2 results, Motilal Oswal Financial hits new high

Angel One reported a healthy 44 per cent year-on-year jump in its consolidated profit after tax at Rs 423.4 crore, in the September 2024 quarter.