The BSE benchmark tanked 773.11 points or 1.31 per cent to settle at 58,152.92 after a weak opening. During the day, it tumbled 1,011.93 points to 57,914.10
The indices had gained this week amidst optimism surrounding early quarterly earnings announcements of some companies
Market watchers say traders have mounted bullish bets on optimism that the index will touch 18,400
Industry players said the latest proposals will put further pressure on the brokers, who have been grappling with several regulatory changes
Consumption growth could be disappointing and stock prices have run up fast
Anmi favours a model that may predict peak margins to be complied with by trading member so that on any given day upfront compliance may be considered based on margins for T-1 day
Nithin Kamath says that a lot of first-time users, who have entered the markets after Covid are increasingly investing in mutual funds, exchange-traded funds, and stocks for their long-term goals
The detailed breakdown of Robinhood's user base offers a glimpse at the individual traders gathering in online forums such as Reddit's WallStreetBets
Capital markets regulator Sebi imposed a total fine of Rs 29 lakh on four entities for fraudulent and manipulative trading in illiquid stock options segment on the BSE
Trading rules have come under scrutiny amid wild swings for GameStop Corp., AMC Entertainment Holdings and other companies
Around 10 million new investing accounts, largely by retail investors, were opened in India last year, calculations from the country's two main depositories of accounts show
GameStop frenzy sparks wave of investor interest in stock-trading apps
Robinhood's website showed that the trading limit on GameStop's shares was set at 500, while for AMC the limit was set at 5,500 shares
GameStop, the video game retailer whose 1,700% rally has been at the heart of the slugfest in the past week, initially rallied to more than $480 a share on Thursday
Allen Tran, a 23-year-old from Chicago who created Robinhood Stock Traders, said he woke up on Wednesday to a notification that Facebook had disabled the 157,000-member group
It took Nifty 25 sessions to cross 14,000 from 13,000-levels.
Wipro was lagging its peers in the past on the back of muted revenue growth, falling margins, loss of market share in deal renewals and pricing pressures
With GDP growth seen shrinking, funds likely to chase stocks with high growth forecast
S&P BSE Sensex index remains 26% below its January peak, even after rebounding from the sell-off, burnishing the allure for stocks
However, if companies comply with the provisions of listing norms on or before January 29, trading in its securities will not be suspended, BSE and NSE said in separate circulars