Where is market heading.
I think it will be flat till Budget.
Can someone explain what is the exact implications of operating a demat account through Power-of-Attorney.
I recently find out that ICICI direct also operates through PoA route.
Is there a way to remove the PoA and if so what will be the difference in operating the account?
I used to work with a stock broking company, and this is what POA meant with regard to demat account. When a client sells shares through the broker, he has to give a Delivery Instruction Slip(DIS) to the Depository Participant(DP), instructing the DP to deliver those shares to the broker through whom you executed the sale. The DP will not do this without your authorisation. But when you open an online trading account, to you provide a hassle free experience, the broker will ask you to sign a POA, which is actually a Power of Authorisation, which is different from Power of Attorney. The purpose of POA is to free you from the inconvenience of having to submit a DIS by hand to the DP everytime you execute a sale. If you have signed a POA you need not submit a separate DIS slip everytime you sell shares. I suggest you read the entire document carefully. Make sure that there is a clause which says that the document authorises the broker to debit ONLY those shares for which you've executed a sale. For example, if you sold 10 Reliance Industries shares through your broker, the POA should authorise them to debit 10 shares of RIL from you demat account, and nothing more.
However, clarify with your broker before you take any decision. Do not take my words for granted. I do not know if the POA that you mentioned is a different one.
I used to work with a stock broking company, and this is what POA meant with regard to demat account. When a client sells shares through the broker, he has to give a Delivery Instruction Slip(DIS) to the Depository Participant(DP), instructing the DP to deliver those shares to the broker through whom you executed the sale. The DP will not do this without your authorisation. But when you open an online trading account, to you provide a hassle free experience, the broker will ask you to sign a POA, which is actually a Power of Authorisation, which is different from Power of Attorney. The purpose of POA is to free you from the inconvenience of having to submit a DIS by hand to the DP everytime you execute a sale. If you have signed a POA you need not submit a separate DIS slip everytime you sell shares. I suggest you read the entire document carefully. Make sure that there is a clause which says that the document authorises the broker to debit ONLY those shares for which you've executed a sale. For example, if you sold 10 Reliance Industries shares through your broker, the POA should authorise them to debit 10 shares of RIL from you demat account, and nothing more.
However, clarify with your broker before you take any decision. Do not take my words for granted. I do not know if the POA that you mentioned is a different one.
POA does not give power to a intermediaty to take anything from investor. it is limited to the debit of shares from your account. and this is a voluntary option that investor have but these days alll brokerage firm mandatorily take POA from investors. it is beneficial for both intermediatries and investors.
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i want know every thing about Equity market.being an fresher in engineering i dont know much about it but it interested me a lot during my MBA preparation.
can u suggest some books which can give me a basic knowledge about equity market? if u can provide ebook than it would be great.
thanks .
any gud college for investment banking course in India or outside India?
i want know every thing about Equity market.being an fresher in engineering i dont know much about it but it interested me a lot during my MBA preparation.
can u suggest some books which can give me a basic knowledge about equity market? if u can provide ebook than it would be great.
thanks .
HI....best way to learn abt markets is to start reading economist.com, yahoo finance, investopedia.com, bloomberg.com.......if possible download books from NCFM and read it...
satyamfiredme Saysplease tell which company provided demat accts with one time payment or zero payments with no annual charges
Smc online : online demat A/c 499, lifetime free
Indiainfoline : Rs. 555, lifetime free
Bonanza : Rs. 999,
But it really don't make any difference. 200 or 300 rupees AMC don't really bothers an investor.
i want know every thing about Equity market.being an fresher in engineering i dont know much about it but it interested me a lot during my MBA preparation.
can u suggest some books which can give me a basic knowledge about equity market? if u can provide ebook than it would be great.
thanks .
don't buy books. just use the internet, u'll find all the info you need. investopedia.com is a good place to start
Buy Bharti(below 300) And Sterlite when there will be an upside movement in the market.
ALso accumulate 3iInfotech below 76.50 .
Puys it is equity market thread but its ironical that no one gives any viewpoint on stocks. 
Buy Bharti(below 300) And Sterlite when there will be an upside movement in the market.
ALso accumulate 3iInfotech below 76.50 .
Puys it is equity market thread but its ironical that no one gives any viewpoint on stocks.
Thanks for the tip, but do excuse me for digressing again. :-)
Could anyone tell me the rules of short-selling in India (for both retail and institutional investors)? I've come across an FAQ on Investopedia for the same query, but I'm not sure if it's updated.
Edit: I'm looking at this from a purely academic perspective, and hence information about SEBI's rules would be really appreciated.
Thanks for the tip, but do excuse me for digressing again. :-)
Could anyone tell me the rules of short-selling in India? I've come across an FAQ on Investopedia for the same query, but I'm not sure if it's updated.
Short selling is allowed in India, and rules depend on the broker I guess. Some insist that you square off on the same day, and others let you hold your position for a few days. Where I used to work as a dealer, short positions had to be squared off before 3 pm on the same day, i.e. only intra-day transactions were allowed. I'm talking about equity here, not derivatives. Ask your broking company about their policies and rules with regard to short selling. Make sure they give you a clear picture. Ask them for every single detail. Even better if they give you a printed copy of the same.
Buy Ashapura Minechem at present rate ( around 75 ). The results are comin in 15 days...sell it around 90-100 after results...
Could anyone tell me the rules of short-selling in India? I've come across an FAQ on Investopedia for the same query, but I'm not sure if it's updated.
If u short sell u hav to square off the position on same day.
Short-sell is a risky game
. instead short futures of that script or buy put as they have an expiry of 1 month.
Could anyone tell me the rules of short-selling in India? I've come across an FAQ on Investopedia for the same query, but I'm not sure if it's updated.
If u short sell u hav to square off the position on same day.
Short-sell is a risky game. instead short futures of that script or buy put as they have an expiry of 1 month.
Be careful with futures...it can burn your fingers really really bad! 😞
Hi puys.
I need ua help.
M thinking to start working as BA (business associate) or as a sub broker.
on a sharin basis. (offroles)
So kindly tell me how to choose a broker wid whom i start workin.
What terms n conditions i look for??
Is thr any hidden terms??
How to check out the loop wholes in this system?? & wots thr solution.
So puys need ua help.
Kindly share ua experience.
@all do straddle...buy a call and put at same strike price... Its the least risky strategy... Wen some major trigger is there like election results last year or interim budget last year, it gives windfall returns....e.g. For example...last year on 16th may were election results , I purchased a call and put of same strike total for Rs. 28... And after the circuit to sensex, sold it for Rs. 370.... 😉
TCS needs to be seen tomorrow 😲
rambo5 SaysTCS needs to be seen tomorrow :o
Even hero honda...extra ordinary results.... !
rambo5 SaysTCS needs to be seen tomorrow :o
TCS results were dissapointing. Its already trading at 19.5x of its EPS. There is not much to look forward. Expect an upside of 8-12% from its CMP for the FY11 (Expectations by Analysts)