For many brokers, derivatives account for 95% of their volume, in line with market trends. However, the extent of impact will vary based on business model--being a discount or full-service brokers. While discount brokers are set to see at least 25% dip in their pretax profit, full service ones may find it easier to go with 10% fall in pre-tax profit, as per a Crisil analysis.
The Sebi blow came in on the heels of stock exchanges had revised their transaction charges from September 27, which will impact profitability, especially of discount brokers.
Esta historia es de la edición October 09, 2024 de The New Indian Express.
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Esta historia es de la edición October 09, 2024 de The New Indian Express.
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