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 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
The surge in the share price came after the company announced a strong set of June quarter earnings (Q1FY25)
At 6:47 AM, GIFT Nifty futures indicated a major uptick of 91 points at 24,613, suggesting a gap-up start for the bourses
Discount brokerage firm 5paisa Capital on Thursday said it has appointed former Google executive Narayan Gangadhar as Chief Executive Officer with immediate effect. Gangadhar has over two decades of experience, mostly with global technology companies like Google, Uber and Amazon. He is a Bachelor of Engineering from Mumbai University and a Master in Computer Science from Worcester Polytechnic Institute, a statement said. "Gangadhar's engineering skills and Silicon Valley experience with tech giants will complement the digital transformation priorities at 5paisa.com. Technology, both on the infrastructure trading platform and user interface experience side, will play a critical role in the brokerage industry going forward," promoter R Venkataraman said. 5paisa.com is a leading discount broker with around 35 lakh customers as at the end of March 2023. In December 2022, 5paisa.com announced merger of online retail trading business of IIFL Securities with itself in an all-stock deal,
Commenting on the extended trade timing for interest rate PRAKARSH GAGDANI, chief executive officer of 5paisa says that the fatigue of longer trading hours for regular traders will soon weigh in.
Higher smartphone penetration and lower data charges are powering this trend, say industry players
According to analysts, the stock broking industry is expected to see tepid growth in fiscal year 2022-23 (FY23) amid market volatility
Vodafone Idea continues to attract risky traders as medium-term outlook remains robust
Almost 75-80 per cent of our customers are under 35 years in age, largely first-time investors and come from tier-2 and tier-3 cities, he said.
The total income rose by 41 per cent to Rs 49.9 crore for the quarter under review
Ace investor Ashish Kacholia increased stake in Caplin Point from 1.08 per cent as of December 2020 to 1.16 per cent as of March 2021
The preferential issue price of Rs 500 apiece is at 70 per cent premium over Tuesday's closing price of Rs 292 per share on the NSE.
The board of Aditya Birla Capital has approved an initial public offer of its asset management business, Aditya Birla Sun Life AMC
The government will sell up to 10% stake in SAIL via OFS on January 14-15
Major brokerage houses are indicating a positive upside, daily chart suggests.
Jaideep Arora, the CEO of Sharekhan by BNP Paribas said traders, investors and new entrants are looking at this pandemic situation with both caution and opportunity
The stock has rallied 99 per cent in the past month
The stock was locked in the upper circuit for the eight straight day, up 5% at Rs 329 on BSE, surging more than 72% in the past nine days.
The stock is locked in the upper circuit of 10% at Rs 223 on Friday, surging 17% in past two trading days, after Nirmal Jain, the promoter of the company hiked his stake through open market.