BSE and Angel One shares increased by as much as 2.5% prior to the SEBI board meeting. On September 12, capital market stocks experienced an increase of up to 2.5% in anticipation of an important SEBI board meeting scheduled for later that day.
On September 12, at 10:21 am, BSE shares were trading 2.35% higher at Rs 2,213 each, following a 5% decline the previous day, which was influenced by a CNBC-TV18 report regarding the potential publication of a consultation paper by the market regulator next month to discontinue weekly F&O expiries. On the same day, the Nifty Capital Markets index increased by 1% to 4,311, led by Nuvama and BSE. Meanwhile, global brokerage firm Jefferies noted the speculation about possibly extending expiry periods to fortnightly or monthly, either with or without same-day expiry, clarifying that there has been no confirmation from SEBI or exchanges on this matter.
Business and Operations Angle one
Established in 1996, Angel One offers a wide array of financial services, including:
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Stock Broking: Facilitating trading in equities, futures and options, commodities, and currencies on major exchanges like the NSE and BSE.
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Depository Services: Providing demat accounts to hold securities in electronic form.
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Mutual Funds: A platform for investing in a variety of mutual fund schemes.
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Investment Advisory: Offering research and advisory services to its clients.
The company’s business model is heavily reliant on its robust digital infrastructure, including a popular mobile trading app and a web-based trading platform. This focus on technology has enabled Angel One to scale its operations rapidly and acquire a substantial client base