Share market update: Most active stocks of the day in terms of total traded value (03-10-2024)
The NSE Nifty index was trading 263.66 points down at 25533.25
Derivatives are not for low-ticket retail traders, Sebi move will shift them to direct equities: Nooresh Merani (03-10-2024)
SEBI’s new rules aim to curtail the F&O trading frenzy by increasing margin requirements and reducing the frequency of contract expiries. This measure is expected to lower trading volumes, particularly affecting brokers and exchange companies, while potentially shifting retail traders towards direct equities. The changes target the dominance of low-margin retail clients in options trading.
BSE shares jump 8% on likely market share gain after Sebi’s F&O curbs (03-10-2024)
BSE shares rose 8% after Sebi announced new rules for the derivatives market benefitting BSE. From November 20, BSE will have more days to compete with NSE in weekly derivatives. The new framework aims to regulate futures and options trading better. Angel One shares also rose despite expected short-term impacts on earnings.
Buy VRL Logistics, target price Rs 670: Motilal Oswal Financial Services (03-10-2024)
Motilal Oswal Financial Services has buy call on VRL Logistics with a target price of Rs 670. The current market price of VRL Logistics is Rs 560.9.
Stock market update: Mining stocks down as market falls (03-10-2024)
The 30-share BSE Sensex was down 926.25 points at 83340.04
Aster DM healthcare (03-10-2024)
The company has pledged 98.9% of its holdings. A very high amount of pledging. Would be grateful if anyone tracking this company for long can explain.
Nifty Prediction today – Oct 3, 2024: Recovery may not sustain, go short (03-10-2024)
Nifty futures is likely to fall to 25,500 in a day or two
Geojit Financial Services+BNP PARIBAS Does the story gets RE-RATED? (03-10-2024)
The effect of the recent regulation is only a very short term issue. The company is trying hard to reinvent itself as a wealth management player. It boasts of a lot of firsts in the industry. After low growth for a very long period of time, they are slowly moving into the next leg of growth. PMS and distribution business seem to be growing well.
There has been some growth in JVs as well.
Geojit is also planning to start an entity at Dubai International Financial Centre (DIFC)
They are also issuing rights at 50 per share in the ratio 1:6.
Biggest risk is that Brokerage income tend to be quite cyclical.
Discl: Invested, biased
JSW Steel hit all-time high, JSPL gains 3% after Nomura initiates ‘Buy’ (03-10-2024)
Nomura reckons JSW Steel’s and JSPL’s mid-cycle earnings have structurally improved due to stronger domestic demand, cost saving measures, and improved efficiency