Indian brokerages fall as markets regulator asks exchanges to levy uniform charges

5Paisa Capital

02/07/2024 05:08

** Shares of Indian brokerage firms down 1.5%-7%    
    ** India markets regulator on Monday asked market
infrastructure institutions to levy a uniform charge from Oct. 1
without any discounts based on trading vols to curb frenzy in
India's derivative markets 
    ** Exchanges often charge lower fee to brokers if they
generate high volumes, contributing to surge in trading across
segments like derivatives
    ** Angel One  ANGO.NS  down 8%, 5Paisa Capital  PAIS.NS 
falls 3.5%, SMC Global Securities  SMCG.NS  sheds 1.5% and
Geojit Financial down 2.2%    
    


 (Reporting by Sethuraman NR in Bengaluru)
 ((Sethuraman.NR@thomsonreuters.com; (+91 9945291420); Reuters
Messaging: nallur.sethuraman.thomsonreuters.com@reuters.net))