Day Trading Stocks & Futures
- Thread starter TraderRavi
- Start date
- Tags banknifty bnf daytrading nifty future
It is getting rejected again.
It was bound to sustain & made a fresh high above 4100. Trend was strong & up. This news led downfall & it broke major support @ 3985.
Supply/ Demand is strong component for Crude oil/ Commodities.
One of Wall Street’s Most Popular Trading Strategies Is Now Failing
Read more at: https://www.bloombergquint.com/mark...ost-popular-trading-strategies-is-now-failing
Read more at: https://www.bloombergquint.com/mark...ost-popular-trading-strategies-is-now-failing
I like it that the algos are failing. One must realize that these algos have been made by humans who have projected their own world views and perceptions on this world. It is just that a computer would do these calculations at let us say, 100x faster speed and in conjunction with 1000 other variables but all of it fails if the base is a slippery one. That is what has happened in this case here.
That's great if Chinese can get into mass production of shale oil, we can expect in few years, petrol/diesel will be sold on footpaths for 10 Rs per gallon 
SEBI reduces fee for brokers, agri-commodity derivative transactions :-
In a major relief, the Securities and Exchange Board of India (SEBI) on Friday decided to reduce the fee payable by brokers from Rs 15 to Rs 10 per crore of transactions, marking a 33.33 per cent reduction.
For agri-commodity derivative transactions, the fee has been reduced by a whopping 93.33 per cent--from Rs 15 to Re 1 per crore of transactions. The decisions were taken at a board meeting held in the national capital.
The regulator also reduced the fees payable by issuers for one refiling of offer documents by 50 per cent in case the refiling is done within one year of validity of observation letter.
SEBI also reduced the regulatory fee rate payable by the stock exchanges by 80 per cent from the current Rs 1 crore plus Rs 6 per crore for the turnover in excess of Rs 10 lakh crore without any upper ceiling.
The SEBI board also made changes to regulations for Infrastructure Investment Trusts (InViTs) and Real Estate Investment Trusts (REITS). The value of lot size will now be Rs 1 lakh for InVITs and Rs 50,000 for REITS.
It increased the leverage limit for InVITs to 70 per cent of assets from 49 per cent. The consolidated debt will be required to have a credit rating of AAA. InVITs will need to have at least six distributions in the preceeding years.
For corporate debt restructuring, the SEBI said exemptions from preferential issues guidelines and the open offer will be restricted to just scheduled commercial banks and financial institutions.
Exemptions will not be available for acquisition of shares by persons others than lenders. Reference to approval by the competent authority in the takeover code will be deleted, said the regulator.
source :- https://www.business-standard.com/a...y-derivative-transactions-119030100721_1.html
Sebi board approves lowering of fees for brokers, exchanges:-
Seeking to make it more cost-effective to trade in Indian stock markets, regulator Sebi's board on Friday approved lowering of fees charged from brokers, stock exchanges and the companies seeking to get listed. At a meeting here, the board approved reduction in fees payable by brokers by 33.33 per cent from Rs 15 per crore of transactions to Rs 10, while the same for agri-commodity derivative transactions would be reduced sharply by 93.33 per cent from Rs 15 to just Re 1.
The Sebi board also approved a proposal to grant permanent registration to custodians, instead of periodical renewal every year. Sebi said it would facilitate ease of doing business for custodians.
All other market intermediaries are already being given permanent registration by Sebi.
The Securities and Exchange Board of India (Sebi) said it has been following the practice of calibrating the fees either upwards or downwards from time to time so as to keep a balance between the transaction cost on securities market and the financial resources required to ensure regulatory efficiency.
"Keeping this objective in mind and taking into consideration the projected income and expenditure of Sebi for the next three financial years, the board has decided to revise the fee structure with effect from April 1, 2019, in respect of certain market participants," the regulator said.
It was also decided to reduce the fees payable by the issuers for one refiling of offer documents by 50 per cent from the current levels, if the refiling is done within one year of validity of observation letter.
In order to rationalise the regulatory fee payable by the stock exchanges, it has been decided to reduce this fee by 80 per cent.
The current rate is Rs 1 crore plus Rs 6 per crore for the turnover in excess of Rs 10 lakh crore. This would be reduced to Rs 1 crore plus Rs 1.20 per crore for the turnover in excess of Rs 10 lakh crore without any upper ceiling.
In another important proposal, Sebi's board approved changes in norms for debenture trustees, which the regulator would said help secure the interest of the debenture holders and enable Debenture Trustees (DTs) perform their duties effectively and promptly.
Under the approved changes, the minimum net worth requirement of a DT would be increased from existing Rs 2 crore to Rs 10 crore.
The requirement of calling for a meeting of debenture holders in the event of default in payment obligation by issuer in case of public issue of debt securities will not be obligatory.
Besides, e-voting will be a valid option for DTs to obtain consent of the debenture holders wherever applicable.
In case of delay in creation of charge in favour of DT within the specified period, the issuer will need to pay additional interest as specified in the Trust Deed and disclosed in the Offer Document to the debenture holders for the period of delay in creation of charge.
In case of issuers having both listed equity and debt securities, the certificate from the DT as per the requirements would need to be submitted to the stock exchanges by the issuer within seven working days from the date of submission of financial results to the stock exchanges.
First Published on Mar 1, 2019 06:29 pm
source :- https://www.moneycontrol.com/news/b...ng-of-fees-for-brokers-exchanges-3599881.html
HEM
In a major relief, the Securities and Exchange Board of India (SEBI) on Friday decided to reduce the fee payable by brokers from Rs 15 to Rs 10 per crore of transactions, marking a 33.33 per cent reduction.
For agri-commodity derivative transactions, the fee has been reduced by a whopping 93.33 per cent--from Rs 15 to Re 1 per crore of transactions. The decisions were taken at a board meeting held in the national capital.
The regulator also reduced the fees payable by issuers for one refiling of offer documents by 50 per cent in case the refiling is done within one year of validity of observation letter.
SEBI also reduced the regulatory fee rate payable by the stock exchanges by 80 per cent from the current Rs 1 crore plus Rs 6 per crore for the turnover in excess of Rs 10 lakh crore without any upper ceiling.
The SEBI board also made changes to regulations for Infrastructure Investment Trusts (InViTs) and Real Estate Investment Trusts (REITS). The value of lot size will now be Rs 1 lakh for InVITs and Rs 50,000 for REITS.
It increased the leverage limit for InVITs to 70 per cent of assets from 49 per cent. The consolidated debt will be required to have a credit rating of AAA. InVITs will need to have at least six distributions in the preceeding years.
For corporate debt restructuring, the SEBI said exemptions from preferential issues guidelines and the open offer will be restricted to just scheduled commercial banks and financial institutions.
Exemptions will not be available for acquisition of shares by persons others than lenders. Reference to approval by the competent authority in the takeover code will be deleted, said the regulator.
source :- https://www.business-standard.com/a...y-derivative-transactions-119030100721_1.html
Sebi board approves lowering of fees for brokers, exchanges:-
Seeking to make it more cost-effective to trade in Indian stock markets, regulator Sebi's board on Friday approved lowering of fees charged from brokers, stock exchanges and the companies seeking to get listed. At a meeting here, the board approved reduction in fees payable by brokers by 33.33 per cent from Rs 15 per crore of transactions to Rs 10, while the same for agri-commodity derivative transactions would be reduced sharply by 93.33 per cent from Rs 15 to just Re 1.
The Sebi board also approved a proposal to grant permanent registration to custodians, instead of periodical renewal every year. Sebi said it would facilitate ease of doing business for custodians.
All other market intermediaries are already being given permanent registration by Sebi.
The Securities and Exchange Board of India (Sebi) said it has been following the practice of calibrating the fees either upwards or downwards from time to time so as to keep a balance between the transaction cost on securities market and the financial resources required to ensure regulatory efficiency.
"Keeping this objective in mind and taking into consideration the projected income and expenditure of Sebi for the next three financial years, the board has decided to revise the fee structure with effect from April 1, 2019, in respect of certain market participants," the regulator said.
It was also decided to reduce the fees payable by the issuers for one refiling of offer documents by 50 per cent from the current levels, if the refiling is done within one year of validity of observation letter.
In order to rationalise the regulatory fee payable by the stock exchanges, it has been decided to reduce this fee by 80 per cent.
The current rate is Rs 1 crore plus Rs 6 per crore for the turnover in excess of Rs 10 lakh crore. This would be reduced to Rs 1 crore plus Rs 1.20 per crore for the turnover in excess of Rs 10 lakh crore without any upper ceiling.
In another important proposal, Sebi's board approved changes in norms for debenture trustees, which the regulator would said help secure the interest of the debenture holders and enable Debenture Trustees (DTs) perform their duties effectively and promptly.
Under the approved changes, the minimum net worth requirement of a DT would be increased from existing Rs 2 crore to Rs 10 crore.
The requirement of calling for a meeting of debenture holders in the event of default in payment obligation by issuer in case of public issue of debt securities will not be obligatory.
Besides, e-voting will be a valid option for DTs to obtain consent of the debenture holders wherever applicable.
In case of delay in creation of charge in favour of DT within the specified period, the issuer will need to pay additional interest as specified in the Trust Deed and disclosed in the Offer Document to the debenture holders for the period of delay in creation of charge.
In case of issuers having both listed equity and debt securities, the certificate from the DT as per the requirements would need to be submitted to the stock exchanges by the issuer within seven working days from the date of submission of financial results to the stock exchanges.
First Published on Mar 1, 2019 06:29 pm
source :- https://www.moneycontrol.com/news/b...ng-of-fees-for-brokers-exchanges-3599881.html
HEM
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