13,000 sub-brokers have shut shop.....NO BULL RUN HERE..!!!

Friday, Nov 1, 2013, 9:19 IST | Place: Mumbai | Agency: DNA

13,000 sub-brokers have shut shop in last six months Nitin Shrivastava  After retail investors, it’s the turn of sub-brokers to go out of the market.
In the last six months while the equity market turnover has been hitting new highs, nearly a fifth of sub-brokers in the cash segment gave up their registrations as lower retail participation and higher cost of compliance and regulatory changes reduced their business to a trickle.
The number of sub-brokers fell from 69,060 as at end-June to 57,387 as at end-September this year — a drop of nearly 11,673, or 17%, according to the Securities and Exchange Board of India (Sebi) bulletin released on Wednesday,
This takes the total number of sub-brokerage closures to 12,855 in the first six months of this fiscal even as the number of broker registrations in cash segment, too, fell by 522 to 9,606 in the same period.
Experts said with retail investors almost non-existent in the recent times, the share of high yield brokerage income from equity cash segment has fallen significantly, leading to sub-broker exits.
Rakesh Goyal, senior VP at Bonanza Portfolio, said not just the broking industry, but the entire financial services domain – be it mutual funds or insurance companies — is feeling the pain.“Many people were attracted to this industry believing that Indian middle class has ample savings and earnings capacity to invest in financial products. But the fact is that middle class, which has invested in real estate, has neither the money nor risk appetite now,” he said.
While they have hit their five-year-old just now, the equity markets have remained range-bound and volatile for the last five years, leading to structural shift towards derivatives segment or positional calls.Deven Choksey, MD at KR Choksey Securities, said the markets have become more of a trader’s market with many of the retail investors, too, shifting to derivatives trading.
“The concept of buy and hold is fast disappearing and retail investors, too, are getting attracted to taking positional bets through options,” he said.
The trading volumes in the cash segment have almost halved from their peak of around Rs 27,000-28,000 crore in December 2007 to around Rs 13,000-13,500 crore in recent months.Goyal feels the high cost of regulatory compliance and other operational costs too have taken a toll on smaller sub-brokers.“The cost of transactions and bringing clients have gone up, and with the Sebi tightening the overall compliance requirements for brokers, many of them don’t find the business lucrative enough now,” he said.Choksey said apart from dwindling cash volumes, the competition from bigger banks with wide reach too has been responsible for exit of sub-brokers from the business.“The sub-brokers are unable to meet the advisory requirements of clients, and the clients also have lesser compliance issues with bigger reputed banking channel than they have with sub-brokers,” he said.Going ahead, the recent Sebi changes which gives more power to investor in case of dispute with broker may lead to more exits, believe experts.
Choksey feels that the impact of this recent “bizarre” rule may be felt with a lag effect leading to more exits.http://www.dnaindia.com/money/report-13000-sub-brokers-have-shut-shop-in-last-six-months-1912148

Stocks to buy in Samvat 2070....RECOMMENDATIONS..!!!

Puneet Wadhwa  |  New Delhi  

November 1, 2013 Last Updated at 15:24 IST

Stocks to buy in Samvat 2070
List of stocks that top research houses and brokerages are advocating
Samvat 2069, which ends on November 02, has been marked by volatility given the political and economic developments. Despite the volatility and bouts of nervousness, Indian markets surged to new highs, with the S&P BSE Sensex hitting an intra-day high of 21,293.88 on Friday (01 November) in a liquidity-driven rally.
However, most experts opine that while the worst may be behind us, investors still have to be careful and need to invest with caution especially when the country is heading into an election year.
We tapped leading research houses and brokerages across the country for their stock recommendations for Samvat 2070. Here is a list of stocks that have been recommended. Happy investing!
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Angel Broking: Wipro, ICICI Bank, Hindustan Zinc, Cipla, Tata Steel, Cadila, United Phosphorus, Aurobindo Pharma and Crompton Greaves
Aditya Birla Money: Godrej Consumer Products (GCPL), Gujarat Pipavav Port, Infosys, ITC, KPIT Technologies, M&M and YES Bank
Centrum Broking: Karur Vysya Bank, Clariant Chemicals, BASF
KR Choksey Securities: IDFC, LIC Housing Finance, Tata Motors, Adani Enterprises, State Bank of India (SBI)
Motilal Oswal Research: GRUH Finance, Bajaj Corp, Supreme Industries, United Phosphorous, Unichem Labs, Swaraj Engines, WABCO India and Berger Paints
IIFL: Cipla, Emami, HDFC Bank, Hero MotoCorp, Hindalco, Idea, Infosys, ING Vysya, Mahindra & Mahindra, Reliance Industries, Shriram Transport Finance, Wipro
IndiaNivesh Securities: Bajaj Finance, Coal India, J B Chemicals & Pharmaceuticals, Mastek, Reliance Industries, BASF India, GIC Housing Finance, Jaiprakash Associates, Nesco
Prabhudas Lilladher: Infosys, Wipro, Larsen & Toubro, ING Vysya Bank, KSB Pumpshttp://www.business-standard.com/article/markets/stocks-to-buy-in-samvat-2070-113110100523_1.html

Fifty stocks that returned upto 1,634% since last Sensex peak

Fifty stocks that returned upto 1,634% since last Sensex peak
By ET Now | 1 Nov, 2013, 01.18PM IST
MUMBAI: It took the BSE benchmark Sensexover five years and nine months to make a new top. The Sensex has breached its previous all-time high of 21,206.77 made on January 08, 2008.
The recent rally on the Sensex, which pushed the index to all-time high of 21,293.88, has been on the back of strong FII flows after the US Fed said it would continue with its easy monetary policy.
The US central bank in its meeting this month reiterated its stand to continue to purchase government bonds. While there are concerns that the tapering of quantitative easing may begin in December 2013 itself, a majority of analysts expect it to start only by March 2014.
The rally of Sensex from previous high to the fresh high has been led by consumers goods, pharma, FMCG & technology stocks.
There are 10 Sensex stocks which have gained by over 100 per cent in that period.
Out of them, three stocks have gained between 200-300 per cent, one stock has surged between 300-400 per cent and another one has surged over 400 per cent.
There are eight Sensex stocks which are down by over 25 per cent.
In Sensex A group, there are 50 stocks which gained by over 100 per cent. Among them, 21 stocks have gained between 200 and 300 per cent, eight stocks surged between 300 and 400 per cent while six stocks have rallied over 400 per cent.
There are 44 stocks which lost by over 50 per cent in that period.
Following is the table of Sensex and A group companies that gave returns upto 1,634% since last all-time high:

	Close Price
	Name	31-Oct-13	10-Jan-08	% Change
1	TTK Prestige	3,313	191	1634%
2	Eicher Motors	3,893	381	921%
3	Lupin	887	118	650%
4	GlaxoSmith C H L	4,692	683	587%
5	Godrej Consumer	869	128	576%
6	Sun Pharma.Inds.	608	109	456%
7	Ipca Labs.	683	142	382%
8	Amara Raja Batt.	313	65	379%
9	M & M Financial	283	60	369%
10	Asian Paints	538	116	364%
11	Emami	497	113	342%
12	TCS	2,108	487	333%
13	Castrol India	307	74	316%
14	Berger Paints	230	56	310%
15	NestleBSE 2.26 % India	5,592	1,442	288%
16	IndusInd Bank	446	115	287%
17	Motherson Sumi	270	72	275%
18	HCL Technologies	1,093	296	269%
19	Coromandel Inter	221	60	268%
20	Bata India	914	250	265%
21	Dr Reddy's Labs	2,456	690	256%
22	Apollo Hospitals	906	259	250%
23	Titan Inds.	266	78	242%
24	Strides Arcolab	871	259	236%
25	Cadila Health.	663	197	236%
26	Shree Cement	4,430	1,330	233%
27	Mcleod Russel	273	83	230%
28	LIC HousingBSE 1.27 % Fin.	225	70	223%
29	CRISIL	1,123	350	221%
30	Dabur India	179	57	214%
31	Pidilite Inds.	288	93	211%
32	ITC	334	110	204%
33	United Breweries	925	305	203%
34	BritanniaBSE -0.21 % Inds.	939	310	203%
35	Hero Motocorp	2,077	687	202%
36	Marico	212	71	198%
37	Bajaj Fin.	1,351	476	184%
38	Shri.City Union.	1,015	375	171%
39	Colgate-Palm.	1,239	462	168%
40	Hind. Unilever	609	229	166%
41	Tata Motors	380	145	162%
42	MRF	15,763	6,630	138%
43	Havells India	739	321	130%
44	Glaxosmit Pharma	2,423	1,078	125%
45	M & M	888	402	121%
46	Aurobindo Pharma	217	99	120%
47	Oracle Fin.Serv.	3,215	1,519	112%
48	UltraTech Cem.	1,966	930	111%
49	Infosys	3,309	1,602	107%
50	Cipla	414	202	105%

Data as on 31st Oct 2013http://economictimes.indiatimes.com/markets/stocks/stocks-in-news/fifty-stocks-that-returned-upto-1634-since-last-sensex-peak/articleshow/25050708.cms