Sebi study underscores the risks associated with intraday trading
Posts in category Business Standard
Markets extend losses as investors digest higher taxes on equity trades (24-07-2024)
FPIs selling amid weak global cues also weighed on market performance
India likely to amend rules to check hot flows on bond index entry (24-07-2024)
Central bank has designated class of bonds that can have full foreign ownership, JPMorgan Chase & Co. has included securities from this set of bonds into its emerging markets index that India joined
7 in 10 intraday traders in equity cash suffered losses in FY23: Sebi study (24-07-2024)
A study by market regulator Sebi showed that 7 out of 10 individual intra-day traders in the equity cash segment made losses in the financial year 2022-23.
At the same time, the study highlighted a sharp surge of over 300 per cent in the number of individuals participating in intraday trading in the equity cash segment in 2022-23 compared to 2018-19.
Interestingly, the average number of trades by loss-makers was higher than the profit-makers. Further, the share of young intra-day traders, with less than 30 years of age, has risen significantly over the period, according to the study released by Sebi on Wednesday.
The markets regulator has conducted a study to analyse the trends in participation and profits and losses in intraday trading by individuals in the equity cash segment. It covered the periods of FY2018-19, FY2021-22 and FY2022-23 to comparatively analyse the trends before and after the pandemic.
The study, based on a sample of individual clients of the top-10 stock brokers
Sanstar IPO ends with blockbuster subscription (24-07-2024)
The offer received bids for 311.94 crore shares as against 3.75 crore shares on offer.
Axis Bank PAT rises 4% YoY to Rs 6,035 crore in Q1 FY25 (24-07-2024)
The private lender reported 4.1% rise in net profit to Rs 6,034.64 crore on 16.97% increase in total income to Rs 35,844.22 crore in Q1 FY25 over Q1 FY24.
L&T Q1 PAT rises 12% YoY to Rs 2,786 cr (24-07-2024)
The EPC major’s consolidated net profit rose 11.74% to Rs 2,785.72 crore on 15.12% increase in revenue from operations to Rs 55,119.82 crore in Q1 FY25 over Q1 FY24.
Barometers slide for 4th day, Nifty ends below 24,450, banks drag (24-07-2024)
The domestic stock market remained jittery for a fourth day, surrendering early gains as banking and finance stocks faltered. Nifty50 couldn’t hold above 24,450 despite pockets of strength in oil & gas and consumer durables. Last-minute buying helped pare some losses, but overall sentiment stayed fragile due to negative global cues.
Epigral hits 52-week high after Q1 PAT soars YoY to Rs 86 cr (24-07-2024)
Epigral zoomed 11.72% to Rs 1,642.65 after the company’s consolidated net profit stood at Rs 86 crore in Q1 FY25, steeply higher than Rs 32 crore posted in corresponding quarer last year.
Trident consolidated net profit declines 21.06% in the June 2024 quarter (24-07-2024)
Sales rise 16.67% to Rs 1742.71 crore