Page 4 - Stock Broking

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

Stock of this broking firm has surged 42% in 2 days; up 86% in 13 days

The average trading volumes at the counter jumped over 10-fold in trades on Wednesday.

Crypto exchange platform CoinSwitch's parent launches app for stock broking

The launch marks PeepalCo's expansion into stock broking. It will be operated as a separate business division with its own managing and operations teams

Suffered mild stroke around six weeks ago, says Zerodha's Nithin Kamath

Zerodha Co-Founder and CEO Nithin Kamath on Monday disclosed that he suffered a "mild stroke" six weeks ago. "Around 6 weeks ago, I had a mild stroke out of the blue. Dad passing away, poor sleep, exhaustion, dehydration, and overworking out -- any of these could be possible reasons," he revealed in a post on X. While disclosing about his health, Kamath said he had noticed his face drooping and struggled with reading and writing. He expects full recovery in 3-6 months. "I've gone from having a big droop in the face and not being able to read or write to having a slight droop but being able to read and write more. From being absent-minded to more present-minded. So, 3 to 6 months for full recovery," he said. He further said, "I wondered why a person who's fit and takes care of himself could be affected. The doctor said you need to know when you need to shift the gears down a bit. Slightly broken, but still getting my treadmill count". Nithin, along with his brother Nikhil Kamath, .

Stock brokers' body ANMI on board with proposal of market timing extension

Consensus from all associations of standards forum needed before submissions to Sebi

Market regulator Sebi considers tighter norms for proprietary trades

Markets regulator plans to make Industry Standards Forum a permanent feature

Angel One Q3 results: Profit rises by 14% on jump in orders, clients

Consolidated profit was 2.60 billion rupees ($31.38 million) for the quarter ended Dec. 31, compared with 2.28 billion rupees a year earlier, according to an exchange filing

Depositories ready ground for the secondary market ASBA facility

In a communication to brokerages, CDSL has also issued the operational modalities for the mechanism

Sebi tweaks rule on upstreaming clients' funds by brokers to clearing corps

To promote ease of doing business, capital markets regulator Sebi on Tuesday tweaked the framework requiring stock brokers or clearing members to upstream clients' funds to clearing corporations. This came after Sebi received representations from various stakeholders -- stock brokers, and brokers' associations citing certain operational difficulties in implementation of the framework. Addressing the issue, Sebi said that stock brokers (SBs) or clearing members (CMs) will upstream all the clients' clear credit balances to clearing corporations (CCs) on the End of Day (EOD) basis. Such upstreaming will be done only in the form of either cash, lien on Fixed Deposit Receipts (FDRs) created out of clients' funds, or pledge of units of Mutual Fund Overnight Schemes (MFOS) created out of clients' funds. Stock brokers are required to maintain designated client bank account to receive funds from their clients. The nomenclature of all such accounts will be changed to either of the two ...

Angel One zooms 10%, hits record high on solid biz performance in November

Angel One's client base grew 51.3 per cent year-on-year (Y-o-Y) to 18.45 million

Sebi asks stock brokers to simplify terms and conditions for investors

Investors and clients of the broker will be required to acknowledge these new truncated conditions

Financial stability, ethics: Key factors to consider in choosing a broker

Traders must look for a platform that is robust and cost effective

Market regulator Sebi sets deposit norms for execution-only platforms

Entities already registered with the stock exchange under any of the segments will not have to pay the deposit again

Broking industry's race to the top: Groww poised to pip Zerodha, but...

Groww set to become number one in active investors, but Zerodha remains most profitable

FMCG cos push cart of margin worries made heavy by commodity cost pick-up

A subpar monsoon in one year is unlikely to cause a meaningful dent in major cereal production, a spike in inflation, or a deceleration in FMCG growth, says IIFL Research

PhonePe takes on Zerodha, Upstox, Groww, unveils stock broking platform

Walmart-owned fintech firm said what differentiates its stock broking platform 'Share.Market' is that it elevates discount broking by combining research, convenience and technology