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"A lot of HNIs and retail investors had subscribed to the FPO with an arbitrage point of view," said Jimeet Modi, founder, Samco Securities. "They have locked their gains and booked profits and moved on from the company."
All contracts–weekly, monthly, quarterly and half-yearly–from Friday will be available with the revised lot size of 25 shares.
The number of dematerialised (demat) accounts - required to hold shares and other securities in electronics format - crossed the 150-million mark for the first time in March. In March, 3.12 million new demat accounts were added despite a spike in market volatility, taking the total count to 151.4 million. The milestone has come 19 months after the total number of demat accounts hit the 100-million mark, a sign that more domestic households are taking to direct equity investing.
Rising commodity prices impact consumers and investors differently. While consumers worry about costs, investors can benefit. Investing in gold mining companies can be more profitable than gold itself due to increased profit margins and debt reduction. Just like oil exploration companies benefit from rising oil prices… gold mining companies too benefit from rising gold prices.
A 'beta version' will be implemented to ensure the smooth functioning of the shorter settlement cycle before its full-fledged launch.