Page 2 - Stock Broking

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Dalal Street is where dreams are made and destroyed

NSE, BSE declare Anugrah Stock as defaulter, expel from memberships

Leading stock exchanges BSE and NSE have declared Anugrah Stock & Broking as a defaulter and have expelled the brokerage house from respective memberships. The move comes days after a similar action was taken by the stock exchanges against Karvy Stock Broking. "The exchange has declared Anugrah Stock & Broking Pvt Ltd, a corporate trading member, of the exchange as defaulter... also expelled the said trading member... with effect from November 27, 2020," BSE said in a circular on Friday. Investors having any outstanding claims against the brokerage house have been asked to file their claims with the exchange within 90 days (by February 25, 2021), it added. In a separate circular on Thursday, NSE said the trading member has been "expelled from the membership of the exchange... and has been declared as defaulter... with effect from November 26, 2020, after close of market hours". On November 13, markets regulator Sebi suspended Anugrah Stock & Broking Pvt Ltd (ASBPL) till ...

Consolidation among brokers set to gain ground with new compliance norms

The top 10 brokers by active clients from a group of 256 brokers account for nearly 71 per cent of the client base, NSE data shows

Karvy declared a defaulter by NSE for misuse of clients' securities

Clients can now be paid from investor protection fund corpus

Tiger-backed RKSV shoots past rivals, becomes second largest Indian broker

Tiger Global Management-backed RKSV Securities India became the second-biggest broker in the country after nearly doubling the number of its customers to 1.2 million in the 6 months through September

Paytm Money enables stockbroking for all; targets 1 mn investors in FY21

The company has already registered 220,000 investors, of which 65 per cent are in the age group of 18 to 30 years

Coronavirus pandemic accelerates consolidation among stock brokers

Technology helping newer, more agile playe sto add customers faster

How to sniff and dodge financial scams and keep your wealth intact

Here are some tools that will help you detect a scam from a mile away and avoid touching one even with a 10-foot barge pole

MOFSL's broking business sees net losses due to negative crude settlement

Company has made provision of Rs 88.96 crore on client receivables

How to fix the broken stockbroking model

The problem is with the broking model and what brokers are allowed to do

Discount brokerages likely to benefit after intoduction of new norms

Earlier, small broking houses were able to attract clients by allowing them to take large leveraged intra-day trades without taking any upfront commission from them

Coronavirus impact: NSE allows brokers to move trading terminals home

The exchange also allows some of its employees to work from home

Sebi cancels Click2Trade Capital's stock broking registration over 'lapses'

Accordingly, the regulator said, "the certificates of registration of the noticee i.e. Click2Trade Capital Ltd, as a stock broker, shall be cancelled with immediate effect".

Bank-backed broking houses expect client influx after Karvy fiasco

Trust deficit after Karvy fiasco and access to margin facility to drive shift of investors

Karvy a tip of iceberg: Lens on 3 dozen brokers for Rs 10k-crore fund abuse

Sources say the issue is not limited to just Karvy Stock Broking, with over three dozen more brokers under lens for misappropriating client funds to the tune of Rs 10,000 crore

How the Karvy case brought another three dozen brokers under Sebi's radar

Karvy is among the country's top 10 brokerage companies, with 244,000 customers in the country

Karvy Group's mistakes likely to cost firm stock broking business

KSBL is among the country's top 10 brokerage companies, with 244,000 customers in the country

Karvy group's liquidity to stay stretched over medium term: CRISIL

Execution of big government projects and their realisation will remain key monitorables, CRISIL said

Karvy a tip of iceberg: Lens on 3 dozen brokers for Rs 10k-crore fund abuse

The issue has come to light after several brokers missed the August 31 deadline set by Sebi for returning client funds

Broking industry has moved from pricing to product offering: Zerodha CEO

Zerodha CEO Nithin Kamath says not being answerable to anyone is the best part of his life, so the company is not looking for a funding