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[hfe_template id='11223'] [ad_1] As India gears up for its FY26 Union Budget on February 1, Zerodha co-founder and CEO Nithin Kamath urged traders to exercise caution ahead of the Budget announcement on Saturday, warning of heightened market volatility. Kamath, in a post on X, formerly known as Twitter, advised traders to reduce their position sizes if they cannot refrain from trading altogether on such event-heavy days. “The budget day is tomorrow, and yes, there is trading on a Saturday. Markets are bound to be volatile, so trade with caution,” Kamath posted on X. “If you are an active trader, I guess you should reduce trading size during event days. That is, if you cannot stop yourself from trading.” So, the budget day is tomorrow, and yes, there is trading on a Saturday. Markets are bound to be volatile, so trade with caution. If you are an active trader, I guess you should reduce trading size during event days. That is, if you cannot stop yourself from trading. By t...

[hfe_template id='11223'] [ad_1] Brokerage firm Zerodha and Upstox on Wednesday said that customers are facing difficulties in authorizing sell orders due to a temporary issue with Central Depository Services Limited (CDSL), affecting brokers across the industry. Zerodha informed its customers via X (formerly Twitter), stating, "Due to an issue at CDSL across brokers, you may face an issue with authorising the sale of your stocks. We are in touch with CDSL to have the issue resolved at the earliest. In the meantime, you can sell your holdings without the need for CDSL authorisation." Due to an issue at CDSL across brokers, you may face an issue with authorising the sale of your stocks. We are in touch with CDSL to have the issue resolved at the earliest. In the meantime, you can sell your holdings without the need for CDSL authorisation. — Zerodha (@zerodhaonline) December 18, 2024 Upstox issued a similar message, saying, "You may not be able to authorise...

[hfe_template id='11223'] [ad_1] With No.2 player Zerodha continuing to lose market share, Tiger Global-backed financial services firm Groww now controls 25.1% of the stock broking market in terms of NSE active clients. According to latest data collated by Motilal Oswal, the market share of Groww stood at 25.1% and rose 41 bps month-on-month (MoM). At the same time, Zerodha's market share went down by 25 bps to 17.1% in July. Angel One also continued to attract investors as the market share of the third largest player in the industry rose 9 bps to 15.3%. In terms of the number of NSE active clients, Groww recorded a 4.9% MoM rise in its client count to 11.5 million, while Zerodha posted a 1.7% MoM increase in its client count to 7.8 million. Angel One reported a 3.8% MoM growth in its client count to 7 million and Upstox clocked a 2.7% MoM increase in its client count to 2.7 million.Among full-scale brokers, ICICI Securities reported client count at 1.9 million, with...

[hfe_template id='11223'] [ad_1] Discount broking platform Groww experienced a technical glitch this morning, disrupting users' ability to place orders and access their Demat balances. The outage has caused widespread difficulties, leaving many users unable to use essential platform services. Taking to platform X (previously known as Twitter), one user wrote, “@_groww unable to use my Demat Balance, what's wrong?” — KuldeepSharmaUP (@KuldeepSharmaUP) A different user shared, " @_groww why aren't you guys allowing me to buy any options. I have funds in my account still you asking me to add funds." — ravishahiravi (@ravishahiravi) Another user wrote, "In spite of having sufficient balance my order for futures is rejected. This is pathetic as after all the setup I have missed massive earning potential. How can you justify this?" — Shivam10197 (@Shivam10197) Responding to users, Groww stated, "We're experiencing a technical issue and ...

[hfe_template id='11223'] [ad_1] Zerodha co-founder and chief Nithin Kamath on Friday pitched for adding an additional tax exemption on capital gains under Section 54F in the upcoming Budget. Section 54F of the Income Tax Act provides for an exemption on long-term capital gains, arising from the transfer of any capital asset other than a residential house. This exemption is available if the net proceeds from the transfer is invested in purchasing or constructing a residential house. Kamath said, including tax exemption for investments in startups under this section along with investments in residential property can make startup investing mainstream. "One of the biggest challenges the Indian economy faces is structural unemployment among youth. Growth will always be uneven unless this improves. Part of the solution is to do everything to encourage entrepreneurs, even in small towns and villages in India. VCs will never go to these areas. Which means other wealthy peo...

[hfe_template id='11223'] [ad_1] Mumbai: The capital market regulator is cracking down on gaming apps providing virtual trading services and fantasy games based on the movement of real-time share prices of listed companies, which have mushroomed over the past few years in the wake of high retail investor appetite for stock trading. The Securities and Exchange Board of India (Sebi) has asked exchanges and depositories not to share real-time price data with third parties in a move aimed at quashing such activities. "If the data is used for education or fun purposes it's fine, but monetary incentives can't be allowed based on the performance of the virtual stock portfolio," said a regulatory official. "Then it's like dabba trading, which is illegal." The Sebi action, however, will not impact media agencies providing real-time data feeds. Agencies 'Precautionary Measure' Several stock gaming online platforms have been launched in Ind...