Stock Broking

Amid market fall, Zerodha's Kamath warns of degrowth in broking industry

Kamath highlighted that the industry is already grappling with a substantial drop in activity following recent regulatory changes

Sebi tweaks investor charter for brokers to boost consumer protection

Markets regulator Sebi on Friday tweaked the investor charter for stock brokers in a bid to boost financial consumer protection alongside enhancing financial inclusion and financial literacy. This came in view of the recent developments in the securities market including introduction of Online Dispute Resolution (ODR) platform and SCORES 2.0 -- a web based centralised grievance redressal system of Sebi. The modified charter includes vision, mission, services provided to investors by brokers, various activities of brokers with timelines, Dos and Don'ts for investors, grievance redressal mechanism and handling of investor's claims in case of default of a trading member along with the format for investor complaints data to be displayed by brokers on their respective websites and trend of annual disposal of complaints. The markets regulator has asked brokers to bring the charter to the notice of their clients by disclosing it on their respective websites, making them available at ...

Stocks of listed brokers, asset managers dip up to 70% amid market crash

Fortunes of stock brokers and asset managers, analysts suggest, are directly linked with how the primary and secondary markets play out.

Market regulator Sebi proposes to beef up trading account security

Suggests a SIM binding framework to prevent unauthorised access to demat and trading accounts

Capital market-related stocks in focus; MOFSL, KFintech soar upto 12% today

For capital market players, higher disposable incomes could support systematic investment plan (SIP), future & options (F&O) and cash volumes

Sebi cancels registration of 4 stock brokers including GACM Technologies

Markets regulator Sebi on Wednesday cancelled the registration of four stock brokers -- Single Window Securities, Sunness Capital India, GACM Technologies and Infotech Portfolio -- after they failed to meet the registration requirements. The main reason for cancelling the registration certificate of these entities is to prevent them from misusing their Sebi registration without being a member of a recognised stock exchange, on unaware investors, the regulator said in four separate orders. Despite the cancellation of their registration, these entities remain liable for any actions they took or failed to take as stock brokers. They are also responsible for paying any outstanding fees, dues, and interest owed to Sebi, it added. In its orders, Sebi said that four stock brokers were granted registrations subject to certain conditions, including the condition that they continue to be members of a recognised stock exchange. Considering these entities are no longer members of any stock ...

DAM Capital hits lowest level since listing; stock tanks 36% from high

The stock was down 5 per cent at Rs 294.25, its lowest level since listing on December 27, 2024, trading close to its issue price of Rs 283 per share.

Broker claims 1,103 dependent children accounts; Sebi slaps Rs 9 lakh fine

Sebi had carried out a detailed and thematic inspection of the Stocking Services Limited with the theme 'Multiple UCCs mapped to common email ID or common mobile number'

Sebi proposes online monitoring of stock brokers' system audit by exchanges

Exchanges will have to ensure that auditors conduct physical visits to the premises of the stock broker. Further, they will have to develop a web portal to monitor and supervise the process

Mirae Asset Financial Group completes acquisition of Sharekhan

Jisang Yoo, CEO, Mirae Asset Capital Markets India, will be appointed as the CEO of Mirae Asset Sharekhan.

Cred-owned Spenny eyes stock broking licence to rival Zerodha, Groww

With 13 million users, Kunal Shah's Cred looks to diversify revenues, complementing payments, lending, and wealth management services

Angel One soars 9% post Q2 results, Motilal Oswal Financial hits new high

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.

Discount brokers to be impacted most by new F&O regulations: CRISIL

Discount brokerages, such as Zerodha and Groww, will be impacted the most by the recent regulatory moves to curb investors' derivatives play, domestic rating agency Crisil said on Tuesday. The agency's director Subha Sri Narayanan said up to 80 per cent of a discount broker's revenue comes from derivative trades, while for the full-service brokerages, the same is under a third of the revenues. "With a relatively low proportion of other revenue streams currently and the more stringent eligibility criteria for retail customers now, discount brokers, who cater predominantly to the retail segment, could see the largest impact, with new customer acquisition also slowing," Narayanan said. Its associate director Aesha Maru said competitive dynamics will constrain the discount brokers' ability to hike brokerage charges, which can otherwise be a mitigant in the face of troubles. The agency said capital markets regulator Sebi's revised Equity Index Derivatives Framework announced on October

Stock brokers to offer UPI-based fund blocking or 3-in-1 account from Feb 1

Starting February 1, qualified stock brokers will have to either offer the facility of trading in the secondary market using the UPI-based block mechanism to their clients, similar to the ASBA facility, or a three-in-one trading account facility, a move that will empower investors. Qualified Stock Brokers (QSBs) must offer one of these two options, in addition to the current mode of trading. A three-in-one trading account combines a savings account, a demat account, and a trading account into a single integrated solution. In this case, the clients would have their funds in their bank account, earning interest on the cash balances. "This initiative will empower and benefit investors with enhanced security, improved transparency, interest earnings and ease of making payments at a time when UPI payments are witnessing significant growth," Rahul Jain, CFO, NTT DATA Payment Services India, said. Additionally, the move will improve fund management and further enhance investors' convenien

Angel One share up 7% as co revises brokerage charges; check new rates here

The rise in Angel One share price came after the company announced that it will revise brokerage charges with effect from November 1, 2024

Zerodha profit jumps 61.5% in FY24; CEO warns of regulatory challenges

However, anticipates 30-50% drop in revenue next fiscal due to regulatory headwinds

Sebi cancels registration of 39 stock brokers: What investors must know

The brokers and participants affected were found not to be meeting the required registration conditions

End of an era: Zero-brokerage model on last legs with new fee rules

Discount brokers may raise charges

NSE sells digital examination business to CL Educate for Rs 230 crore

The move is part of the country's top bourse's plan to divest its non-core businesses

Sebi cancels 68 market intermediaries' registrations due to non-compliance

Sebi has revoked the registrations of 68 market intermediaries, including 39 stock brokers, 7 commodity brokers, and 22 depository participants, for failing to meet required compliance standards