The Securities and Exchange Board of India (SEBI) has levied a fine of Rs. 9 lakh on Berkeley Securities Ltd, a SEBI-registered stock broker, for multiple infractions of regulatory norms. Berkeley Securities was found to have misused credit balance client funds on several occasions. This misuse involved utilizing funds meant for credit balance clients to
The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock’s price. Do they really matter, though? Let’s take a look at what these Wall Street heavyweights have to
Closing Bell on Friday, July 12, 2024: Benchmarks Sensex, and Nifty50 indices rose to record highs on Friday lifted by a solid rally in information technology (IT) stocks. The BSE Sensex hit surged nearly 1,000 points intraday to hit a record high of 80,893.5, while the Nifty50 zoomed to 24,592 ahead of the CPI inflation
On a day when the Sensex zoomed nearly 1,000 points to hit its fresh all-time high of 80,893, F&O traders complained of suffering losses on the weekly expiry of Sensex derivative contracts as BSE was reportedly hit by a technical glitch.Traders complained that they were unable to sell Sensex expiry intraday orders leading to huge
In today’s Finshots, we tell you about a plausible new SEBI proposal that could give BSE an unfair advantage over NSE in the derivatives market. But before we begin, if you’re someone who loves to keep tabs on what’s happening in the world of business and finance, then hit subscribe if you haven’t already. If
Want to jump straight to the best? Our readers love CenterPoint Securities as a direct access broker. When you trade with a traditional brokerage account, you don’t actually access the stock market. Your order goes to your brokerage firm’s trading desk before it’s passed off to a market maker, who then looks for a counterparty on
The next fortnight will be a volatile phase for the Indian stock markets as they prepare and then digest finance minister Nirmala Sitharaman’s budget proposals for fiscal 2024-25 (FY25). June quarter corporate earnings season (Q1-FY25), too, analysts suggest, is likely to see stock specific moves and have some bearing on the overall market sentiment. Click
SEBI has a new rule regarding uniform transaction fees for market infrastructure institutions (MIIs) like stock exchanges, which may lead to an increase in brokerage fees for some retail investors. In this article, we cover the details and the new rule’s impact on traders and stock brokers. How does SEBI give an advantage of volume
A decade ago, investing in stocks required frequent trips to the broker’s office, countless phone conversations, and extensive paperwork management. Nowadays, all it takes is tapping your smartphone’s screen, courtesy of apps like Groww and Zerodha. But which one is the best for Internet stock trading? Let’s examine each comparison in more detail. The Indian
E*TRADE and Fidelity are full-service online brokers that have been around for decades. Founded in 1982, E*TRADE was one of the first U.S. brokers to offer online trading services. The firm positioned itself as one of the best online brokers for options trading after acquiring OptionsHouse in 2016 and integrating an assortment of OptionsHouse tools