BSE, Angel One, CDSL, PB Fintech and Delhivery have rallied up to 19 per cent in the last four trading sessions backed by a notable rise in open interest; here's what the technical charts suggest.
The brokerage firm reported a near 15% dip in Gross Client Acquisition in November; the dip, however, can be attributed to lesser number of trading days last month.
It was a mixed debut for the new 45 entrants in the derivatives segment as 50 per cent of the shares traded with losses in intra-day deals on the NSE.
Fintech player Angel One on Tuesday said its subsidiary Angel One Asset Management Company has received markets regulator Sebi's approval to begin the mutual fund operations. With this approval, Angel One marks its foray into the asset management space, focusing exclusively on passive investment solutions. Reacting to the announcement, shares of Angel One rallied 4.07 per cent to settle at Rs 2,909.65 apiece on the BSE. "Pursuant to our application to sponsor a Mutual Fund, Sebi has granted a certificate of registration to Angel One Mutual Fund on November 25, 2024. Further, Angel One Asset Management Company Ltd, a wholly-owned subsidiary of Angel One Ltd, has also been accorded approval to act as an asset management company for Angel One Mutual Fund," the broking firm said in a stock exchange filing. Angel One Mutual Fund's passive investment products -- Index Funds and ETFs -- will be designed to offer clients a low-cost, transparent and accessible pathway to wealth creation. A
Stock exchanges on Wednesday announced the addition of 45 stocks to the new list of scrips eligible for trading in the F&O segment from November 29.
Outlook for equities remains positive over the medium to long term considering the structurally robust domestic growth outlook, healthy corporate profitability and supportive government policies.
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.
Angel One's average daily orders (ADO) slipped 0.8 per cent to 7.64 million in the quarter ended September 30, 2024. It was also down 2.8 per cent from ADO of August 2024
Among individual stocks, 5Paisa declined 7.65 per cent, followed by IIFL Securities (down 4.76 per cent), Geojit Financial Services (down 3.32 per cent) and MOFSL (down 3.15 per cent).
The rise in Angel One share price came after the company announced that it will revise brokerage charges with effect from November 1, 2024
A total of 19 stocks have declined over 20% thus far in the calendar year 2024, even as the Sensex and Nifty have rallied up to 14%; here are the key levels to watch out on these 6 stocks.
The outlook for Indian capital market related businesses continues to remain positive over the medium to long term.
The uptick came after Angel One announced a strong set of numbers in its July business update.
Brokerage Angel One on Wednesday announced a Rs 250 crore investment into its wealth management arm with an eye to capitalize on the growing affluence in the country. The capital will be deployed to develop core technological infrastructure, leveraging AI and analytics, expand presence in key markets and develop product strategies, as per an official statement. Angel One Wealth has three business verticals, including HNI (high net-worth individuals), UHNI (ultra HNI) and alternate assets, it said. "Through Angel One Wealth we aim to cater to an expansive spectrum of clients, by leveraging technology and staying at the forefront of innovation," Angel One's chairman and managing director Dinesh Thakkar said. It can be noted that some of its peers, including IIFL, already have successful wealth management arms. The Angel One statement said there has been a rapid increase in the HNI population in the country, and is pegged to grow 16 per cent every year to 16.5 lakh by 2027. The com
The market regulator Sebi has proposed measures to curb excessive speculation in F&O; a move that could impact trading volumes, believe analysts; Here are key levels to watch on broking related stocks
Not more than 50 strikes would be introduced for an index derivatives contract at the time of contract launch.
Spillover of trading activity from these contracts into remaining products, analysts believe, can limit the impact to 20-25%
Stocks in focus ahead of Union Budget 2024: These 11 stocks across sectors are likely to be in focus in anticipation of measures to be announced by the finance minister Nirmala Sitharaman on Tuesday,
Consolidated profit increased by 32.6% year-on-year to Rs 293 crore ($35.1 million) in the three months to June 30
The hacker claims to have accessed sensitive data, including profit and loss statements of affected customers of the Mumbai-based stock broking company