FIA GPT is trained on Indian financial markets and can answer queries in plain English on areas such as portfolio performance, sector exposure, stock highs and lows, options chain analysis, and order book monitoring.
The regulator issued an order on February 13
Most of the women traders, around 68 percent of them, had portfolio sizes under Rs 1 lakh, found the brokerage with a user base of 6.5 lakh
Discount brokerages charge near zero brokerage for buying and selling stocks and make most of their money by charging minimal flat fees on options trading.
Fake apps encourage people to transfer money to be managed, claiming that it will done by the brokerage
FYERS now publicly tracks the performance of mission-critical functions on its platform
The Bengaluru-based firm has seen its revenue in FY23 revenue cross Rs 200 crore and it plans to onboard 1 million users by 2024. It is also entering the portfolio management service business.
The brokerage's report on IPOs performance in 2023 also said that a few of these SME IPOs delivered better returns months after listing
Co-founder and CEO of FYERS speaks about what can be expected with the transition and why brokerages are resisting the move. He says both retail participants and foreign portfolio investors will benefit, if trading hours are extended.
UPI became a hit because you could transfer money to anybody in a jiffy at any time. It's the 24-by-7 into 365-day availability that caused it to become a success story. It's the same with extending trading hours too. It's about availability, it's not about the fee here.
Markets have more than doubled over the past 15-months, suggesting that a lot of positives have already been discounted into the price, says Chinchalkar
If markets manage to surpass the highs of the week gone by, then the bullish bias will resume. In such a case, we could see Nifty hitting 15000 and Sensex 51500 by the Union Budget, says Chinchalkar.
According to the Securities and Exchange Board of India (SEBI), close to 6.3 million new DEMAT accounts were opened in the last 9 months, tallying the total count to 44.46 million.
Tejas Khoday had been trading successfully, mostly commodities, with some of the best firms in the country until he decided to become a broker. As CEO and co-founder of FYERS, he endeavours to provide traders with the same advantage and infrastructure that professional traders have, apart from discount broking.
He claimed that the traditional broker platform does not help in self-analysis.