Page 11 - Brokerages

Brokerages turn bullish as Reliance Industries shares plunge 20%

Bearish market trend, Coronavirus impact amid crude oil crash have hurt investor sentiments

YES Bank rescue plan: How brokerages have interpreted the proposals

Macquarie has suggested that taxpayers will the biggest casualty in the government-approved bailout plan for YES Bank

Budget proposals change the narrative for private life insurance firms

As nearly 30-40% of premium inflow draws support from tax incentives, private insurers stare at weak earnings growth in FY21

Anarock enters property brokerage segment, to invest Rs 100 cr by mid-2021

Homegrown housing brokerage firm Anarock is entering the commercial real estate consultancy business to sell office properties and will invest Rs 100 crore as well as hire 500 employees by the middle of the next year for the business, a top company official said on Tuesday. Anarock, which was formed in April 2017 by Anuj Puri after serving global property consultant JLL, will not lease office spaces, a segment dominated by international property consultants (IPCs) like JLL, CBRE, Cushman & Wakefield, Knight Frank, Colliers and Savills. "We are entering into commercial real estate and will focus on strata sale of office assets. This market is very vibrant. We have formed a separate vertical Anarock Commercial with 100 staffs for this new venture," Anarock Chairman Anuj Puri told PTI. Asked about investment, he said the company would infuse Rs 100 crore into this new business and hire 500 persons by June 2021. "We are starting with three cities Mumbai Metropolitan Region (MMR), ...

Karvy scandal fallout: Brokers fear escalation of compliance costs

Market regulator Sebi is expected to further tighten regulatory framework for brokerages

After Karvy fiasco, brokerages reach out to investors, issue PoA advisories

Karvy is alleged to have gone beyond by using its client securities to raise money for its other businesses, including real estate

Karvy Stock Broking scandal: Sebi unlikely to provide relief to lenders

SAT has directed Sebi to pass an order on the matter by December 12. Sebi's circular in June had said clients' securities that were pledged must be unpledged and returned to them

Passive funds can work if they simplify investing: Motilal Oswal AMC CEO

Once we see some recovery in real estate, this money will get released and move towards capital market products like mutual funds, says Aashish Somaiyaa

Misuse of client funds: SAT asks Sebi to review order issued against Karvy

The Sebi counsel informed the tribunal about the forensic audit initiated against the brokerage

Sebi puts Karvy-HNIs nexus under scanner, EY conducts forensic audit

Regulatory sources say their prime objective is to ensure that innocent clients whose funds and securities are stuck with the brokerage are returned safely

IT stocks drop as brokerages raise concerns; Nifty IT index falls 2%

IT stocks currently trade at a 7 per cent discount to Nifty

Forget zero fees and robots: One broker doubles down on humans

It's essentially a bet customers will still pay extra to be hand-held in their trades

Equities went through a rough ride in 2018 as volatility dented sentiment

Most of the retail money in shares after 2015 has come through the mutual fund (MF) route

Top brokerages continue to dominate: Largest 25 contribute 54% of volumes

Market participants say clients are increasingly preferring players that offer the latest trading tools, such as mobile applications and research support

Domestic brokerages cash in on D-Street party

Tighter cost structure, online expansion, and MF distribution help broking outfits shore up revenues

Brokerages cautious on market outlook

While the Street has welcomed last week's election results with a 500 point up-move on the Sensex, brokerages are guarded on further gains.This is due to an adverse interest rate cycle, higher bond yields in developed markets, impacting the flow of liquidity in general, and expensive valuations. Bank of America Merrill Lynch (BofaML) analysts say the domestic equity market, trading at above-average multiples, is susceptible to global risks. And, earnings are expected to see the effects of demonetisation in the March quarter. The brokerage is cautious on the near term. Gautam Duggad and Nikhil Gupta of Motilal Oswal Securities are cautiously optimistic, preferring stocks with earnings visibility. The brokerage believes focus would soon revert to fundamentals, as valuations at 18 times the FY18 earnings estimate do not provide meaningful room for a rise. The poll wins for the ruling party are expected to strengthen the government's resolve on addressing key pending issues such as ...

Brokerages get a bull market boost

Due to the rally in equity markets, the profit of all the major brokers have seen a double digit rise in the September quarter

It's 'happy hour' as brokers pour sops to retain clients

These incentives come at a time when the competition in broking segment has intensified with stagnating volumes and emergence of new age players