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.
Denne historien er fra October 09, 2024-utgaven av The New Indian Express.
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Denne historien er fra October 09, 2024-utgaven av The New Indian Express.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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HAND WELFARE SUPPORT TO ONLY THOSE ELIGIBLE
TELANGANA is set to roll out four welfare schemes this Republic Day. the schemes—including the much-awaited Rythu bharosa, a farmer investment support—will likely entail an expenditure of ₹45,000 crore a year.
Maruti, Hyundai Lit Up EV Space
Both the carmakers make their debut in the country's mass electric vehicle market
Economic growth poised to rebound: RBI report
THE economic growth, which surprisingly slumped to a seven-quarter low of 5.4% in the second quarter, is poised to rebound, as demand regained momentum, though stickiness in food inflation warrants careful monitoring, the latest RBI bulletin has said.
Crawford Storms into ITF M25 Futures Semis
OLIVER Crawford of Great Britain, the second seed, blanked Yurii of Ukraine 6-0, 6-0 with a superlative display of precision and power in 42 minutes to move into the semifinals of the BR Adityan ITF M25 Men's Future Tennis championship being held at SDAT Tennis Stadium.
NEET Aspirant Dies by Suicide in Kota, 3rd Such Case in Jan
An 18-year-old NEET aspirant from Odisha died by suicide in his hostel room in Rajasthan's Kota on Thursday night, the third such case this month in the city, exposing failure of administrative measures aimed at addressing the crisis in the 'coaching capital'.
An Se Young: Crown jewel of badminton
EAT, sleep, repeat. In a sport that is as dynamic as badminton, An Se Young is one constant. South Korean ace has been the jewel in the crown of women's badminton in the last two years or so.
HERE IS THE FIRST LOOK OF MAAMAN
ON friday, the makers of Maaman released the firstlook posters of the film and announced that they are aiming for a summer release. the upcoming film stars Soori and is written and directed by Vilangu-fame Prasanth Pandiyaraj.
GCC Clears 34,835 MT of Waste During Pongal
The Greater Chennai Corporation (GCC) announced that it has removed 34,835.32 tonnes of waste from January 11 to 16 during the Bhogi and Pongal festivals.
Resolve TN Guv-govt issues or we will do it, says Supreme Court
The Supreme Court on Friday said if the pending issues between Governor R N Ravi and the Tamil Nadu government, including selection and appointment of Vice-Chancellors (V-Cs) to state universities, are not resolved by the next date of hearing, the court will intervene to resolve the issues.
Climate-driven changes create conditions where WILDFIRES become more frequent, even in winter
LOS Angeles is still grappling with blazes that killed 27 people so far, burnt over 12,000 structures and forced more than two lakh people to evacuate.
