Page 3 - Stock Broking

Sebi cancels registration of 39 stock brokers: What investors must know

The brokers and participants affected were found not to be meeting the required registration conditions

End of an era: Zero-brokerage model on last legs with new fee rules

Discount brokers may raise charges

NSE sells digital examination business to CL Educate for Rs 230 crore

The move is part of the country's top bourse's plan to divest its non-core businesses

Sebi cancels 68 market intermediaries' registrations due to non-compliance

Sebi has revoked the registrations of 68 market intermediaries, including 39 stock brokers, 7 commodity brokers, and 22 depository participants, for failing to meet required compliance standards

Sebi proposes mandatory UPI block secondary market for larger brokers

Under the block mechanism, the amount is not deducted from the bank account unless the transaction takes place

CDSL pays Rs 1.3 cr to settle allegations of violation of Sebi directives

Stock broker Groww on Tuesday announced safeguards and measures to protect F&O traders from potential losses, making it one of the firsts to implement curbs at broker level

Broking shares rally; Angel, IIFL, ICICI Securities, MOFSL surge up to 18%

The outlook for Indian capital market related businesses continues to remain positive over the medium to long term.

More regulation needed to curb retail speculation in F&O: Amisha Vora

Sebi's proposed changes will significantly impact discount brokers, whose business relies heavily on retail F&O trades, Vora said in this interview

'Happened in 2023': Angel One responds to report of data leak of 8 mn users

The hacker claims to have accessed sensitive data, including profit and loss statements of affected customers of the Mumbai-based stock broking company

'Discount broking space getting overcrowded; Sensex can hit 100,000'

Globally, growing number of parliamentarians are worried about legitimised gambling via stock exchanges which has social and financial implications, said CJ George, founder & MD, Geojit Financial

Broking stocks slide on Sebi pivot; exchanges, depositories feel the heat

The worst impact is seen on discount brokerages that currently pocket a neat spread between what they charge their end-clients and what they pay the exchanges as charges

Zerodha expects end of zero brokerage business model after new fee rules

The new fee structure, which kicks in from October, has a significant impact on brokers, traders and investors, Nithin Kamath, CEO and co-founder of Zerodha, said on social media platform X

Broking stocks fall up to 11% after Sebi directs MIIs to levy uniform fees

Broking company stocks including Angel One, IIFL Securities, 5Paisa Capital, SMC Global, Motilal Oswal Financial Services and Geojit Financial Services fell in the range of 2-11 per cent

Zerodha faces another tech snag; users complain for losing money in trades

Zerodha's broking platform experienced a complete freeze for a short period on June 21 causing significant issues for traders

Groww's active client base tops 10 mn; becomes 1st broker co to attain feat

Zerodha Broking, which is the country's most profitable brokerage, has UCCs of 7.51 million, cornering an 18 per cent market share

India Inc's top line struggled, but net profit rose 24.9% in FY24

High margins drive earnings; revenue growth at 4.8% slowest in 3 years

Is the broking and the wealth management industry ripe for a consolidation?

Anand Rathi, founder and chairman of Anand Rathi group shares his views on the outlook for the Indian stock market, broking, wealth management industry and strategies ahead of Lok Sabha poll outcome

Motilal Oswal Financial bonus issue plan buzz: Stock up 5%, hits record high

Thus far in the calendar year 2024, the stock price of MOFSL has appreciated by 76 per cent

Sebi orders to attach bank, demat account of Anugrah to recover dues

Markets regulator Sebi has ordered the attachment of bank and share and demat holdings of Anugrah Stock and Broking to recover Rs 1.22 crore dues in a case related to violation of market norms. The recovery proceedings have been initiated against Anugrah Stock and Broking Pvt Ltd after it failed to pay the Rs 1.22 crore, including interest, all costs and expenses, the Securities and Exchange Board of India (Sebi) said in the attachment order on Tuesday. In its notice, the markets watchdog asked all the banks, depositories and mutual funds not to allow any debit from accounts of Anugrah Stock and Broking. However, credits have been allowed. Further, the regulator has directed all banks to attach all accounts, including lockers, of the defaulters. In March 2021, Sebi passed an order and imposed a penalty of Rs 90 lakh on Anugrah Stock and Broking Pvt Ltd for violations of market norms. The order follows a joint investigation carried out by Sebi, BSE, NSE and Central Depository Servi

Jio Financial-BlackRock JV to launch wealth management, broking business

The two firms had earlier inked a tie-up in July 2023 to step into the over Rs 50 trillion mutual fund market in India