Page 10 - Brokerages

Economic activity on verge of normalcy, GDP to grow 13.5% in FY22: Report

Economic activity is on the 'verge of normality' after getting severely hit by Covid-19, a Japanese brokerage said

Fiscal deficit may invite rating agencies' ire, Fitch may downgrade: Report

Global rating agencies may view the fiscally expansive budget proposals negatively, a brokerage said

Incomes of listed brokerages soar in Q3 amid robust client additions

Last year saw rise of 'Robinhood' phenomenon, or direct stock purchases during sharp correction; aggregate brokerage industry income up 8 per cent at Rs 21,000 cr in FY20

MCX's profit after tax rises 29% to Rs 72 crore in December quarter

The Multi Commodity Exchange of India (MCX) on Thursday reported a 29.20 per cent rise in its consolidated profit after tax (PAT) to Rs 71.80 crore for the December 2020 quarter.

Retail participation and higher volumes boost broking business in 2020

The number of active investors has gone up 30-40% for most top brokers after the Covid outbreak

Divi's Labs: New capex, margin expansion to support earnings growth

Brokerages expect the company's net profits to grow by 30 per cent annually over FY20-23

Discount model the new mantra for broking firms to gain market share

Kotak Securities (KSL), a full-service broker, on Thursday announced the launch of its Trade-Free Plan, with zero brokerage on intraday trades and Rs 20 per order for all other F&O trades

Revenues and profit surge for broking houses in September quarter

During the September quarter, the Sensex and the Nifty indices rallied nearly 10 per cent, while the broader markets rallied even more

IPO expenses likely to ease further this year, say industry players

Investment banking and legal fees, advertisement and marketing, listing fees and brokerage, and selling commission are the typical cost heads incurred by a company for an IPO

Decoded: Why Sebi's new margin pledge norms have rattled brokerages

Business Standard tries to explain why Sebi introduced this new system and why it is worrying the broking community

This upstart Chinese brokerage is now bigger than Credit Suisse

Shares in the online broker and market data provider have rocketed 78 per cent this year, giving it a market value of more than 200 billion yuan ($29 billion)

New margin norms to hit traditional brokers, more suited for online brokers

Uncertainty over outstanding F&O positions where margins given under erstwhile system

Brokerages likely to tap into clients' appetite for overseas trading

At least three major brokerages are looking at making such offerings available to their clients

Direct market access in exchanges will pose higher systemic risk: Brokers

Experts say playing various functions of an intermediary may not be feasible for exchanges

Covid-19 likely to hit Reliance Industries' Q1 profit, say brokerages

An analysis of 12 brokerage research reports shows that expectations for RIL's net profit for the quarter ended June 2020 ranges from Rs 4,600 crore to Rs 8,083 crore.

Brokerages want bourses to revisit margin norms ahead of implementation

New directions suggest clients cannot use sale proceeds for other trades

Discount brokerages likely to benefit after intoduction of new norms

Earlier, small broking houses were able to attract clients by allowing them to take large leveraged intra-day trades without taking any upfront commission from them

Online brokerages see growth in new investors, trading activity in Mar-June

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

Broking incomes see tepid growth in FY20 due to volatility, lower volumes

High-yielding delivery-based transactions yet to see strong pick-up

India-China border dispute to impact near sentiment, say brokerages

Auto, consumer durables and chemicals could be the worst impacted if the situation worsens