GAGA Share Market News

[hfe_template id='11223'] [ad_1] Every year, I look at the budget for two things: what it means for our capital markets, and what it means for our entrepreneurial ecosystem. On these fronts, the budget brings both good and bad news. In a way, the Economic Survey set the stage for some of the changes in the budget. The publication noted what Sebi, RBI and others have been saying about speculative activity in some segments of the financial markets. Sebi has made it clear that it wants to tamp down on some of this speculative mania in the markets. The finance minister made changes in the securities transaction tax (STT) levied on futures and options in that direction. The STT charged on options has been increased from 0.0625% to 0.1% of the option premium. The STT charged on futures has been increased from 0.0125% to 0.02% on the price of futures. This makes trading futures and options costlier now. Although these instruments were originally meant to let institutional inves...

[hfe_template id='11223'] [ad_1] The Securities and Exchange Board of India (Sebi) board held a meeting on June 27, Thursday and approved some major policy shifts including the exit and entry criteria for stocks in derivatives segment and tightening rules around finfluencers. ETMarkets has summarised key announcements made by the market regulator. Here are top 10 Sebi announcements: 1) Crackdown on finfluencers The Securities and Exchange Board of India (Sebi) has approved finfluencer norms, prohibiting regulated entities like brokers from dealing with them. Under the norms, the Sebi regulated entities and their agents are barred from having any association directly or indirectly with any other person who provides advice or recommendation in respect to securities. The regulated entities cannot have any transactions involving money, referral of a client, interaction of information technology systems or any other association with the unregulated ones. However, the above re...

[hfe_template id='11223'] [ad_1] Zerodha's Nithin Kamath on Friday said the market regulator's new proposal to make direct payout of securities, including shares, to clients accounts will simplify the depository operations of stock brokers. Recently, Sebi, in a consultation paper that is out for public comments, proposed mandatory direct payout of securities to demat accounts — a move that is aimed at ensuring that securities of the clients are not vulnerable to misuse. Currently, when a client buys stock, it gets credited to the broker pool account, and then the broker credits it to the customer. In the new way proposed, the shares will get directly credited to the customer's demat. "This consultation paper, if implemented, significantly simplifies the DP operations of stock brokers," Kamath said. "Even without this regulation, we are probably the safest financial market in terms of the security of customer assets, given that everything is in ...