General Trading Chat

[vikas2131]

http://www.business-standard.com/ar...-feed-free-of-charge-sebi-118032800777_1.html

Only to members not to us

 

[vikas2131]

To reflect global initiatives on product suitability, a framework has been approved. Individual investors may freely take exposure in the market(cash and derivatives) upto a computed exposure based on their disclosed income as per their Income Tax Return(ITR) over a period of time. For exposure beyond the computed exposure, the intermediary would be required to undertake rigorous due diligence and take appropriate documentation from the investor.

Read more at:
//economictimes.indiatimes.com/articleshow/63516953.cms?utm_source=twitter.com&utm_medium=Social&utm_campaign=ETTWMKTS&utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

This basically means that income we have declared on kyc or ITR most likely will be utilized for setting the limit for us..

 

[LOVEENAJYOTHI]

Only to members not to us

Obviously

 

[vikas2131]

Mr Tyagi added, "Initially the trading in F&O will be made income-linked. If the investor goes beyond what his ITR (income tax returns) shows, the broker should take due diligence. We will release the guidelines soon in this regard."

 

[TraderGYO]

India is probably one of the only countries in the world where the governing body of the business have no experience in running the business on their own yet have the power to destroy that business for other small business owners.

 

[soft_trader]

IDBI Bank discloses fraud of $119 million, shares fall

https://m.economictimes.com/industr...-mln-shares-fall/amp_articleshow/63501557.cms

 

[timepass]

50 cross 100 in Banknifty today, if it means anything

 

[soft_trader]

Any idea why kwality is at lower circuit?
Wanted to add around 75, but looking at fall looks something is wrong

27% down in 2 sessions, 61% in FY18; what’s really hurting Kwality?

https://m.economictimes.com/markets...ally-hurting-kwality/articleshow/63518263.cms

 

[timepass]

Guys, please update if your ledger has been updated for the day.

Zerodha hasn't yet updated, as usual. What about the other brokers.

 

[soft_trader]

India is probably one of the only countries in the world where the governing body of the business have no experience in running the business on their own yet have the power to destroy that business for other small business owners.

So true. New f&o rule if implemented will create unnecessary chaos in my humble opinion