STOCK BROKING
How Sebi action will impact profits of discount stock broking firms like Zerodha and Groww
Market regulator Sebi mandated in its July 1 circular uniform brokerage charges that are not based on volumes. Due to this, tech-first brokers are staring at impact on valuations. Platforms like Shoonya and Mstock charge zero brokerage fees, and they are bracing for impact from Sebi's instructions. Venture fund-backed startups like Groww, Upstox, Zerodha and listed discount broker Angel One will also have to start charging their customers.
Zerodha's Nithin Kamath flags famous actors promoting unregulated trading platforms through ads
Zerodha's co-founder Nithin Kamath expressed concerns about celebrities, including actors, endorsing advertisements for unauthorized trading platforms. He noted seeing a famous actor promoting such a platform and gave them the benefit of the doubt regarding awareness. Notably, similar issues have arisen with actors endorsing Octafx, another problematic platform.
What should investors do with HDFC Bank stocks? Rahul Shah answers
So, a good IPO and the way they have priced it also, as you rightly said, that very reasonably priced and some money to be made on the table for the investors and in a pharma pack when we are seeing that most of the pharma packs are doing quite well and the way the segment which has been into Emcure is into, so all the front they have been firing at this point of time.
Broking stocks fall up to 10% after SEBI calls for uniform charges
SEBI instructed MIIs to ensure uniform charges benefiting end clients, with changes effective from October 1, 2024. The circular aims to rectify incorrect disclosures, especially regarding charges collected from end clients by MIIs. MIIs are directed to redesign charge structures and communicate with SEBI for compliance.
Stock Radar | TCS could likely to reclaim 4000 levels in next 2-4 months: Ajit Mishra
“We are seeing a gradual recovery in the IT pack and TCS is trading in sync with the move. Traders can buy for a target of Rs 4140 in the next 2-4 months,” says Ajit Mishra – SVP, Research, Religare Broking Ltd.Stock Radar | TCS could likely to reclaim 4000 levels ...
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Be cautious in power stocks; take some money off PSU banks: Nischal Maheshwari
There has been over-exuberance in the power sector. Whether it is the equipment, the supplying company, whether it is the generation guys, all have done well in the last year. So, Centrum Broking's Nischal Maheshwari recommends caution on the whole sector per se and says one should be very stock-specific.
BlinkX opens India’s first Gen AI lab in the stock broking industry
BlinkX Gen AI Lab in Mumbai drives trading innovation with the Hyper Personalised Nudge Engine, enhancing customer experiences through real-time data on the mobile app for traders of all risk tolerances.
Sensex zooms over 800 pts, Nifty above 22,850 as Modi magic helps calm D-Street
For the second consecutive day on Thursday, Indian benchmark equity indices, Nifty50 and Sensex, commenced trading on a higher note. Banking stocks led the upswing as Narendra Modi is poised to secure a third term in power, with two crucial allies pledging their support to establish a new government.
Sensex surges 2,400 pts, Nifty tops 22,600 after posting worst day in four years as poll verdict anxiety eases
Nifty50 and Sensex rebounded after worst day in 4 years following narrow win for PM Modi's alliance, raising policy continuity concerns.
Stock Radar: Adani Total Gas rallies 11% in May, breaks above Descending Triangle formation; time to buy?
The stock rose from Rs 929 on April 30, 2024, to Rs 1,039 on May 31, 2024, which translates into an upside of 11.8% in a month. The stock quickly scaled Rs 1,100 levels in Monday's intraday trade. The momentum helped the stock break out from the Descending Triangle Formation on the daily chart. The breakout was confirmed with strong volumes, which is a positive sign for the bulls.
22% 'volatility crush' on D-Street as exit polls scream Modi 3.0
India VIX plunges 22% as exit polls hint at NDA's strong win, boosting market optimism. Analysts anticipate a sustained rally with reduced volatility post-election outcome. Nifty and Sensex hit record highs, signalling bullish sentiment.
RVNL shares rally over 1,000% in 2 years. Should investors book profits or buy the dip?
RVNL Share Price: RVNL shares have surged over 1,000% in 2 years driven by strong order inflows and execution. Investors are debating whether to book profits or buy the dip.
GIFT Nifty up 35 points; here's the trading setup for today's session
Tech View: "The recent decline has disrupted the positive momentum, with Nifty falling below its crucial short-term moving average, the 20 DEMA. A decisive break of the 22,400 level could trigger a further drop to the 22,000-22,150 zone. We suggest aligning trades accordingly and adopting a hedged approach," Ajit Mishra, Senior Vice President, Research at Religare Broking.
PNC Infratech likely to improve performance on order strength
The company's financial performance in the March 2024 quarter was lower than the Street's estimates. The company's standalone revenue increased by 10.8% year-on-year to Rs 2,342 crore.
Exchanges warn investors of fake trading apps, impostors
Bourses in Mumbai issue warning about social media scams using established brokers' names for high returns.
Stock Radar: Granules stock rallies 50% in 1 year! Takes support above Rising Wedge formation
The stock rose from Rs 276 as of May 26, 2023, to Rs 434 on May 26, 2024. The pharma stock hit a record high of Rs 480 on 26th February but the momentum fizzled. It witnessed a steady decline, which took the stock below 50-DMA on the daily charts. After remaining range-bound for the past few months, the stock took support above the broadening Rising Wedge formation in May and bounced back.
LIC shares can rally up to 30%; check target prices of 5 brokerages
Brokerages are largely positive on LIC's future as they see an upside potential of up to 30% in the stock, suggesting target prices as high as Rs 1,300.
Suzlon Energy shares give multibagger returns of 340% in 1 year. Time to ride the next leg of rally?
Suzlon Energy Share Price: Suzlon Energy's shares surge 340% in a year, fueled by strong order inflows and debt-free status. Analysts foresee up to 43% upside potential. Fundamentals improve with debt reduction and cash reserve. Brokerages maintain 'buy' ratings, targeting Rs 54-58.
BHEL shares decline 8% on Q4 miss. Should you buy, sell or hold?
BHEL Share Price: Bharat Heavy Electricals (BHEL) witnessed a sharp decline of up to 8% on the BSE on Wednesday, dropping to Rs 295, following the company's announcement of a more than 25% year-on-year decrease in its consolidated net profit to Rs 489.62 crore for the March quarter.
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