Domestic Brokerages

Brokerage firm ICICI Securities has a 'Buy' rating on the stock with a target price of Rs 700 per share.

With a modest 1 per cent increase in duty on cigarettes and improving outlook for FMCG and Hotels, brokerages think ITC is well positioned for a strong FY24.

The scheme ends on January 19, 2023; terms and conditions will be made available on date of commencement

Anand Rathi Wealth reported strong growth in asset under management (AUM) of 16 per cent YoY at Rs 35,842 crore.

Margin pressures may continue on competitive pressures, input cost inflation

The domestic broking industry has seen a sharp decline in new account openings in the past two months

While Street is bullish on retail, Jio prospects, near-term O2C outlook led to cuts

Retail investors in India are by default optimistic. They are strong believers in the long-term story of India, and rightly so, says Sandeep Bhardwaj of IIFL Securities.

Reliance Industries shares gained as much as Rs 32.9, or 1.4 per cent intraday, on the BSE on Monday, before finally closing trade at Rs 2,413.95 apiece

For the ongoing fiscal year, the industry is expected to clock record revenues of Rs 28,000 crore, which will be around 30 per cent higher than those in FY21

Broking industry revenue growth to moderate in FY22, rise in volatility and regulatory changes could weigh on volumes

'The ongoing investor exuberance is expected to wane gradually. The trading volumes are expected to moderate compared to the peak witnessed in the last few months,' says an ICRA official

With increasing retail investor activity and a surge in trading volumes, the domestic brokerage industry's aggregate revenues are expected to reach Rs 23,000 cr in FY21, marking a YoY growth of 10-12%

Uncertainty over outstanding F&O positions where margins given under erstwhile system

At least three major brokerages are looking at making such offerings available to their clients

In April -- which was the first full month post-lockdown -- equity flows were down 47 per cent down to Rs 6,212 crore, reflecting the impact of lockdown

While some have restricted intra-day leverages given to clients for trading, others have stopped trading in illiquid scrips

Ease of account opening due to e-KYC, tempting valuations after the market crash, work-from-home and SBI Card mega IPO are reasons for the spurt

In dabba trading, brokers cut deals on paper chits, instead of the exchange platform to save costs and steer clear of all regulations

Market regulator Sebi is expected to further tighten regulatory framework for brokerages