Bombay Stock Exchange Stock Broking
The bombay stock exchange is one of the oldest stock exchanges in the country and has the largest number of traders trading on it than any other stock exchange in the country. The BOMBAY STOCK EXCHANGE (BSE) was started in 1875. Today it has become the biggest stock exchange in India. It provides platform for trading in several instruments like shares, derivatives and debt (government bonds and company debentures).
Thus it is very easy to find a broker or a brokerage who is associated or registered with the Bombay Stock Exchange. You do not really have to be from the city of Mumbai to find a local brokerage but all over the country there are several brokerages that offer you the chance to be able to trade to invest in stocks of companies listed on the Bombay Stock exchange.
In order to be trade on any company stock listed on the sensex you need to approach a brokerage which is registered with the Bombay stock exchange. There are several such brokerages many of them even being online stock brokerages. Some of the top brokerages in the country associated with the Bombay Stock exchange are given below. You can create an account with any one of these brokerages and begin trading on the Bombay stock exchange.
• 5Paisa.com - Online trading.
• Advani Share Brokers - Share broking.
• Pratibhuti Viniyog Ltd: stock broking services to NRIs
• Anand Rathi Securities - Portfolio management.
• Brescon Group - Broking services
• ICICI direct.com
• Angel broking
• Motilal Oswal
• Sharekhan.com
• Birla Marlin: stock broking
• CIL Securities - Stock broking
• Churiwala Securities - Stock trading
Stock Broking Web Sites
There are several web sites on the internet that deal with stock broking. The internet is a place where like minded people come together so that they can discuss topics. There are several web sites which offer you tips for stock trading as well as stock broking. There are analysts and other professionals who have researched on stocks of certain companies and hence offer their tips on such web sites.
There are also various brokerages that operate through the internet. And hence these online brokerages offer a great platform to investors thus allowing them to trade or invest in the stocks that they want to by just sitting at home. Online brokerage web sites are just like the other brokerages and charge a similar brokerage fee as the other brokerages may do. Thus you can simply create an account on such a brokerage web site and log in and start trading. Some of the top brokerage web sites in India are mentioned below. These web sites are known for their easy to use interface and the low brokerage fee that they charge. Hence you can create an account with any of them and begin trading.
www.sharekhan.com, the portal also offers you your entire portfolio management. Thus being able to indicate what a user should invest in whether it is the commodities market or the foreign exchange trading or should he be investing in only stocks. Portfolio management helps you to maintain your entire portfolio by investing in different fields.
ICICI Direct is an online portal that allows you to trade on the internet. On the internet site www.icicidirect.com you can log on, create an account and begin trading. This online brokerage provides a lot of help to all investors and traders. It keeps updating the changes in the National Stock exchange as well as the Bombay Stock exchange.
Stock Broker Brokerage Fee
For the transactions that a Stock broker does he charges a brokerage fee or a commission for the same. Thus when ever you buy or sell a share you will be expected to pay a brokerage fee which is a percentage of the amount of money that the total transaction is worth. The brokerage fee charged by brokers may be a bit different from each other as it depends on a number of factors. When you open a brokerage account with a brokerage you might be asked to pay a one time fee in order to get your account started.
Most of the top brokerages in the country charge a low brokerage fee as they end up realising profits due to the sheer number of people who trade in India. ICICI direct one of the premier brokerages in the country generally charges a brokerage fee between 0.1 and 0.15 percent of the margin trade transaction done by the trader or the investor. Sharekhan.com another top brokerage in the country charges about 0.5% for inter day trading and about 0.1% for intra day trading.
Another top brokerage 5paisa.com charges about 0.05% brokerage. These figures may change and hence you need to check their individual web sites in order to find out about the latest brokerage fee that they are chasing. Thus you can see that the brokerage fee that is charged by brokers forms a very small percentage of the amount of money that the transaction is worth and hence any one who is interested in stock trading should become a part of it.
Origin Of Stock Broking
A Stock broker is nothing but a person who buys and sells securities from the stock market on behalf of other investors. Stock broking began in the United States of America. Philadelphia was the first city in America to have a stock exchange. After which New york became the heart of all stock transactions and Wall street became synonymous with investing and trading.
Since the early part of the 1980's stock broking was allowed in America. And in the late part of 1990's stock broking went online and now there are several online stock brokerages on the internet and hence online transactions happen in a jiffy these days.
A stock broker may also be a financial advisor or an investment consultant these days but in India you need to be registered with the Securities and exchange board of India in order to act as a financial advisor. As the name suggests a stock broker mainly deals in stocks that is the shares of a company. Other professionals such as foreign exchange brokers deal with currencies where as commodity brokers deal with commodities.
All stock market transactions that is buying or selling of shares have to take place through a broker or a brokerage. Even if you make online transactions you need to do it through an online stock broker. For performing the transaction online stock brokers charge a small brokerage fee or commission fee for the transactions that they do for other companies or retail investors.
The brokerages that a stock broker may charge are different for various brokerages as they might have a different business model for the same.
Stock Broking Job Requirements
The stock broking professionals have quite a challenging career path and need to face various problems which test their decision making skills from time to time. Stock broking professionals possess specialized knowledge and professional acumen which is valued highly in the market.
The job of the stock brokers depends on the work they do. Some of the stock broking professionals work with institutions where in some of them work with private clients. stock broking professionals working with institutions are often called as the security traders by many people where in the others work as security analysts, dealers or probably traders.
The job of the security analysts is to advice various companies or individuals about shares and floatation since they are believed to have good knowledge of capital markets. Brokers are generally involved with or work with various financial institutes such as banks, consultancies, pension funds, mutual funds and other insurance companies.
It is very important for a stock broker to have a knack of dealing with different kind of people, to be able to handle difficult situations, to be able to convince different people and to be able to speak well and have a well groomed personality. A stock broking professional also needs to have a lot of patience and good communication and convincing skills.
As far as the technical skills are concerned, stock broking professional needs to have a sharp memory, an analytical mind, a logical approach towards everything and should be able to foresee the market direction.
He should also be able to withstand stress and should also be talented enough to handle stressful situations.
NSE Stock Broking Firms
The NSE or the National Stock Exchange of India which is situated in the city of Mumbai is considered to be one of the biggest stock exchanges of the country and ranks third in the world. It was in the year of 1993 when NSE was recognized as a Stock exchange under the securities contracts Act- 1956.
Any stock exchange is made by its members, which are the stock brokers and the stock broking firms. There are a large number of stock broking firms which are listed with the National Stock exchange. The number of of the stock broking firms is in hundreds or probably thousands. Out of all the firms which are listed in the National Stock exchange a few of the big as well as small stock broking firms have been listed below.
They are:
• Magnum Wealth Managment Pvt Ltd
• Mahavir
• Money Shopee Consultant
• Sunidhi Consultancy Services Pvt Ltd
• Doshi Investment A Just Right Member
• Mks Consultants
• Hem Investments
• Florence Securities H O
• Motilal Oswal Securities Ltd
• Hiten Daxini Financial Services
• Coral India Finance & Housing Ltd.
• Anagram Stockbroking Ltd.
• Anand Co-op Credit & Capital Ltd.
• Anand Rathi Securities Ltd.
• Aneri Consultants Reliance Money Ltd.
• Arcadia Share & Stock Brokers Pvt. Ltd.
• Ashok Leyland Finance Ltd.
• Asit. C Mehta Investment Ltd.
• Bajaj Capital Ltd.
• Edelweiss Securites Pvt. Ltd.
• Geojit Financial Services Ltd.
• H D F C Bank Securities Ltd.
• Nnm Securities Pvt Ltd
• Angel Broking Ltd
• Bonanza Portfolio Ltd
Stock Broking Firms In Kolkata
There are a large number of stock broking firms in Kolkata. These firms offer a wide variety of services. The details of a few Stock broking firms in Kolkata have been given below:
Swaraj Shares & Securities Pvt. Ltd
5th Floor, Room No. 507, 21, Hemanta Basu Sarani, Kolkata - 700001
Phone:+91-33-22131373
V.L. Associates
Kankeria Estate, 6, Little Russel Street, Kolkata - 700071
Phone:+91-33-22837192
Geojit Financial Services Ltd
#24-B, Shakespeare Sarani, Kolkata - 700017
Phone:+91-33-22892783
Rightex Trading Pvt. Ltd
3rd Floor, Unit No. 308, 4-Clive Row, Mukti Chambers, Kolkata - 700001
Phone:+91-33-22427361
IL & FS Investsmart Ltd
Constantia, Ground Floor, #11, Dr. U.N. Brahmachari Street, Kolkata - 700070
IL & FS Investsmart Ltd
Tata Centre, 1st Floor, 43,J.L. Nehru Road, Kolkata – 700071, Phone:+91-33-22883068
Fax:+91-33-22883076
Navin Bafna
23/1, 2nd Floor, Room No. B-6, Maharshi Debendra Road, Kolkata - 700007
Phone:+91-33-22741201
Rajasthali Commodities Pvt. Ltd - II
Swastic Chambers, 1st Floor, P-8, Chowringhee Square, Kolkata - 700069
Phone:+91-33-22133138
Religare Stock Brokers
1 & 2, Tobacco House, 5th Floor, Room No. 506, Old Court House Corner, Kolkata - 700001
Phone:+91-33-22135057
IL & FS Investsmart Ltd
DC - 23, Sector – 1, Salt Lake City, Kolkata – 700064
Phone:+91-33-23212689
Fax:+91-33-23212688
Moonstar Equities & Share Consultancy Pvt. Ltd
#98/24, Gopal Lal Tagore Road, Kolkata - 700036
Phone:+91-33-30948354
Religare Stock Brokers
Unit No. 1, H & 11 (First Floor), Merlin Links, 166B, S.P. Mukherjee Road, Kolkata - 700026
Phone:+91-33-24650683
Religare Stock Brokers
Unit No. 410, North Block, 4th Floor, Ideal Plaza, 11/1, Sarat Bose Road, Kolkata - 700020
Sharekhan
Sharekhan, DL-78, Sector – II, Salt Lake City, Kolkata - 700091
Phone:+91-33-23213582
Stock Broking In India
Buoyed by flourishing stock markets and growing retail interest in equity and equity-related investments, Indian stock broking firms are on an expansion drive to improve their network into more cities and towns to entice clients into stock investments.
Stock Broking are not frowned upon any more in India. Stock Broking is providing youngsters with various scopes. A person who has done a Stock Broker course in India can find jobs in the subsequent areas:
• Business Houses
• Investment Banks
• Stock Broking Firms
• One can work as a dealer or as an analyst (to be an analyst one needs to be a Chartered Accountant or an M.B.A)
A stock broker is one who deals with shares. A share is a unitized ownership stake in a company's equity. Whereas stock is a piece of money – a share of a company – that a few years ago were represented on a document, and nowadays records are stored electronically.
A stockbroker possesses a number of shares; however an individual can choose how many of these one wishes to trade, so that perhaps some can be kept for oneself. Keeping an amount is understandable, because stock-broking is a very risky business. This is because the prices that shares are worth are never constant, they keep on increasing and decreasing, depending on how much money the company one is dealing with, is producing.
Some of the top most Stockbrokers firm in India is JM Financial Securities, Fortis Securities, Geojit Financial Services, Prime Securities, the recently listed ones are IL&FS Invest smart, India Info line, and Indiabulls they have seen big rise in their stock prices over the last 12-month period, mainly due to augmented business and rising stock markets. The stock broking firms provide Services of Share Broking in National Stock Exchange of India Ltd.
Stock Broking Houses
Stock broking house offers various financial services and products in such a way that it leads to best possible gains for the entities involved in these dealings.
The stockbrokers are not only concentrating on towering sensex but also busy recruiting people to manage their expanding network. Stock broking houses are likely to create over 50,000 job opportunities in next one year for diverse functions. The broking houses are hunting for people to work in such areas as system maintenance, back office, and marketing. They are also in need of dealers, customer relationship managers, and analysts. Stockbrokers are also looking for sophisticated IT professionals to maintain their offices.
All well-known stock broking houses such as Indiabulls, Anagram Stock Broking, Fortis Securities, Apollo Sindhoori Capital Investments and several other home players are expanding their networks. At the same time, growing trading on commodity exchanges has also fuelled the growth of the markets ensuing in demand for more work forces. The opinion leaders in the sector are of the opinion that the educational institute should now focus on introducing focused courses for training students about stocks and commodity trading.
The broking house is confident to retain graduates for longer as they usually avoid taking risks and venture out to looking for better projection due to lack of degree. However, the sector is also facing competition from the BPO houses in attracting talent. The outsourcing of financial services has resulted in demand for candidate with commerce and finance background. The outsourcing companies are proving better paymasters for the fresher with right qualifications and control over language.
Having witnessed a high level of consolidation in the last 3-4 years, the domestic stock-broking houses could tap the IPO market to raise finances for their expansion, besides acquisitions and mergers.
Stock Trading Services
One can build fortunes through seizing opportunity in the markets. However, the key success factor here is to be aware of markets, their movements, and their various risk tolerance. One can exploit various opportunities in the market like short-term trading, momentum stocks, IPO’s, commodities and futures and options.
Short term trading is trading in stocks for a period of less than one year and the gain on such trade can be used to an individual’s advantage. Momentum stocks are the stocks, which have vibrant movement in the market due to a certain corporate developments, the demand supply gaps or due to other market expectations, this is even more important taking into account the inflation effect.
The primary market routes the investment in the equities. The shares of companies are actively traded where investors can earn a good return by investing through secondary markets. For investing in equities, it is required to have a broking account as well as a demat account in the absence of which participation in markets is not possible. A demat account can be opened with a depository member where the securities can be kept electronically.There are basically three types of stock broking service.
• Execution-only, which means that the broker will only carry out the client's instructions to buy or sell the stock.
• Advisory dealing, where the broker advises the client on which shares to buy and which one’s to sell, but leaves the final decision to the client.
• Discretionary dealing, Is where the stockbroker ascertains the client's investment objectives and then makes all the dealing decisions on the client's behalf.
A broking account with a broking house is open for buying and selling of securities. According to several studies, equities have given one of the highest annualized growth rates in the long term compared to other investment avenues like gold, and the fixed deposits etc.