The steps are intended to raise the entry barrier for retail investors, whose losses have been mounting, as per a recent study by the watchdog
Posts in category Business Standard
Bombay Stock Exchange Brokers’ Forum names Anup Gupta as chairman (02-10-2024)
Bombay Stock Exchange Brokers’ Forum (BBF) on Wednesday said it has appointed Anup Gupta as the chairman, succeeding Kishor Kansagra.
The appointment has been effected from September 30, the Forum said in a statement.
Gupta, who is a director of Sykes & Ray Equities (I) Ltd, brings extensive financial expertise, including M&A, corporate finance, and derivatives.
The Forum represents over 650 securities broking firms in India and actively contributes to regulatory policy.
It also engages globally through affiliations with international financial bodies and focuses on professional development and investor education.
Investors richer by Rs 110.57 trn so far in 2024 amid high rally in markets (02-10-2024)
Investors’ wealth surged by a whopping Rs 110.57 lakh crore so far this year, driven by a remarkable rally in the stock market, where the benchmark indices shattered many records.
The market capitalisation of BSE-listed firms soared Rs 110,57,617.4 crore to Rs 4,74,86,463.65 crore (USD 5.67 trillion) so far this year. The market valuation of all listed firms at the BSE hit an all-time high of Rs 477.93 lakh crore on September 27.
The BSE Sensex jumped 12,026.03 points or 16.64 per cent so far in 2024, giving handsome returns to investors. The benchmark scaled its all-time peak of 85,978.25 on September 27, this year, breaching many milestones.
Analysts attributed the sharp rally in the markets to robust domestic liquidity along with strong fundamentals of the Indian economy.
“One of the key highlights of this year is the robust domestic liquidity, driven by record inflows into the mutual fund industry,” said Santosh Meena, Head of Research, Swastika Investmart Ltd.
Despite selling
Stock brokers to offer UPI-based fund blocking or 3-in-1 account from Feb 1 (02-10-2024)
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
Gold price slipped Rs 10 to Rs 76,900, silver falls by Rs 100 to Rs 94,900 (02-10-2024)
The price of 22-carat gold also fell by Rs 10, with ten grams of the yellow metal selling at Rs 70,490
Chris Wood trims India exposure; says geopolitics biggest risk to markets (02-10-2024)
A deterioration in the geopolitical situation is the biggest risk to global equity markets, Wood said, which he believes is not yet fully discounted by them
India second best global market in H1FY25 behind Hong Kong, shows data (01-10-2024)
Consumer durables, auto and metal stocks were among the best-performers.
Half a dozen firms file DRHPs, first MF transaction on ONDC, and more (01-10-2024)
The euphoria in the initial public offering (IPO) market shows no sign of a slowdown
Sebi announces six key changes to curb speculation in derivatives trading (01-10-2024)
Higher contract size, margin near expiry to deter retail investors from the index derivatives market
SEBI says minimum contract size for index derivatives will be increased (01-10-2024)
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