For the purpose of calculation of brokerage under Pay Only When You Profit, when buy leg and sell leg of a security are undertaken on different Exchanges, it will not be considered as intraday trade for the purpose of calculation of profit or loss for charging of tariff and shall be charged as though each leg was a delivery trade.For intraday square off order no brokerage on the second leg will be charged if such trade results in a loss, however brokerage on the first leg will be levied in all cases.Transaction charges, STT/CTT, stamp duty and any other regulatory/statutory charges will be levied in normal course for all trades, irrespective of profit or loss.The rate considered is the weighted average of trade execution rate and not the net rate after transaction charges and statutory levy.First leg order gets tagged with second/third leg order and profit and loss will be calculated based on such tagging and will be computed based on the pair of trades that get executed through the product. For MIS+ product, while placing order user places first leg order along with compulsory Stop loss trigger order (i.e second leg) & optional book profit trigger order (third leg).Available product types are CNC (Cash & Carry), EMF (Exchange Margin Funding), MIS (Margin Intraday Square off), MIS+ (Margin Intraday Square off Plus) and CNF (Carry Forward). Calculations will happen separately for each segment, each Exchange and each product.All other charges as well as taxes and other statutory/Exchange charges continue to apply. The offer is only for waiver of account opening charges of Rs 354. The offer is open only for a limited period at the sole discretion of the company and applicable only to new accounts opened up to June 30, 2023. All other charges will apply as per agreed tariff rates.
There is no AMC charged on Demat account for the first year. This is applicable during the office hours to sole holder Resident Indian accounts which are KRA verified, also account would be open after all procedures relating to IPV and client diligence is completed. So, if there is an index that covers stocks of banking companies, then the index will offer an insight into the direction stock prices have taken compared to the previous day.Īlso Read: What are Stock Market Indices? It is a measure of the average performance of stocks as defined by the index. This is made possible by a share market index. In other words, are most of the stocks experiencing a price rise or fall. To assess the overall sentiment of investors, it is important to have a statistical measure that helps us understand the direction in which the average stock prices are moving. Every exchange has hundreds of stocks listed. Investor sentiment towards the economy, sector and company plays a huge role in determining the price of a stock. In the share market, the price of a share is determined by its demand and supply. Currently, there are around nine stock market exchanges in India, and companies can choose to list their shares with one or multiple exchanges. You can buy and sell shares of companies that are listed with the exchange. Trading in the share market takes place on a stock exchange.
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