Stocks to Buy for upside: We can see a Cup and Handle breakout in Bharti Airtel share price, further strengthening the bullish outlook
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.
Stock Market Highlights: NTPC Green Energy, which made its debut today, ended higher by 8.74 per cent at Rs 121.25 on the NSE, from its IPO allotment price of Rs 108
Axis Asset Management Company and Axis Mutual Fund Trustee have settled a matter with the Sebi by paying Rs 16.57 lakh
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
BS BFSI Summit: While compliance requires significant investment, it does not impede industry progress, said CTOs and CEOs as they discussed the role of regulation in India
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).
Angel One has revised upwards its charges, while Zerodha has maintained the status quo on rates for now
The rise in Angel One share price came after the company announced that it will revise brokerage charges with effect from November 1, 2024
Angel One on Friday settled an alleged front-running case with capital markets regulator Sebi by paying Rs 21.64 lakh towards settlement charges. The settlement order came after Angel One had filed a settlement application on May 15, 2024, proposing to settle the instant proceeding "without admitting or denying the findings of fact and conclusions of law". "It is hereby ordered that the instant proceeding initiated against the Applicant, vide Show Cause Notice dated April 24, 2024, is disposed of," Sebi said. Sebi had undertaken an investigation to ascertain whether there was any violation of PFUTP (Prohibition of Fraudulent and Unfair Trade Practices) rules by certain entities during the period from January 2021 to October 2022, who were consistently placing orders ahead of the Big Clients, including Bharat Kanaiyalal Sheth Family Trust in the equity (cash) segment of NSE and were squaring off the same. The investigation revealed that Jitendra Kewalramani, who was the Authorised .
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.
On the weekly chart, Patanjali has previously faced notable resistance near the Rs 1,700 level. However, despite challenging market conditions this week, the stock has experienced a significant break
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