Capital market stocks like BSE, Angel One, others rose up to 5% on October 6 after Angel One released its Q2 business update and benchmarks rose for third straight day.
On October 6, Angel One shares rose as much as 3.2% to Rs 2,271.6 to post gains for fourth straight session.
The brokerage's client base jumped 24% YoY in Q2 and average client funding book rose 36.4%.
On October 6, more than 8,23,000 shares of the firm have been traded, nearly in line with 30-day moving avg of 9,75,413. With today's move, the company cuts its YTD losses to 25%.
A rub-off effect was seen in others too with shares of BSE rising 5.5% on October 6 to Rs 2,210 apiece, Motilal Oswal Financial Services and Nuvama Wealth Management stocks climbed 2.1% and 2.6%, respectively. HDFC AMC and MCX shares rose 1% each.
Another reason for the gains in capital market stocks could be the rise in benchmarks since October 1 as RBI's bi-monthly monetary policy provided the much-needed fillip. Broad-based buying in markets is seen as a catalyst for heavier volumes for capital market companies.
At 2:35 am on October 6, the Sensex was up 526.32 points or 0.65% at 81,733.49, and the Nifty was up 163.35 points or 0.66% at 25,057.60. About 1,604 shares advanced, 2,234 shares declined, and 146 shares were unchanged.
Angel One Q2 Business update
For July-September quarter, the company's gross client acquisition contracted nearly 42% on year but rose over 12% sequentially to 17.4 lakh, the brokerage firm said in an exchange filing.
Its client base jumped 24% on-year and 1.5% on a monthly basis to 3.4 crore in September. During July-September, the client base climbed 24% on-year and around 5% on-quarter. The company's average daily orders fell over 22% on year to 58 lakh in September. This was marginally higher than average daily orders of 57.8 lakh in August. During the September quarter, average daily orders fell over 26% on year to 56.3 lakh, but were slightly above the 56.2 lakh reported in the June quarter.
The brokerage handled 12.75 crore orders in September, down 19% on year but up 16% on month. During July-September, it handled 36 crore orders, down 26% year-on-year but up 5% quarter-on-quarter. The company's average client funding book rose 36% on year and nearly 5% on month to Rs 5,553 crore. In July-September, its average client funding book was Rs 5,305 crore, up 36% year-on-year and 26% month-on-month.
During July-September period, the average daily turnover from the futures and options segment, based on notional turnover was Rs 43.83 lakh crore, down nearly 2% on year but up over 25% on quarter.
Its overall average daily turnover, based on option premium turnover, rose over 76% on year and around 10% on month to Rs 1.59 lakh crore in September. During the quarter ended September, the overall average daily turnover, based on option premium turnover, was Rs 1.38 lakh crore, up 58% on year and nearly 32% on quarter. The average daily turnover from the futures and options segment, based on option premium turnover, was Rs 12,300 crore in September. For Q2FY26, the average daily turnover from the futures and options segment, based on option premium turnover, fell 21.5% on-year and 11% on-quarter to Rs 12,000 crore.
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