This move of SEBI further increases the working capital requirement of stock brokers. This will only affect brokers who have the practice of pledging clients’ funds to create BG for their own use and increase the leverage and risk exposure of clients. For brokers who have already fallen in line with the recent implementations of Segregated Margin Reporting and online client wise / segment wise allocation of client collaterals, this circular would only be of academic interest.
AMFI Reshuffle: Five midcap stocks that may get upgraded to largecap
Nuvama Institutional Equities expects five midcap stocks, including Bosch, Zydus Lifesciences and Lodha Developers, to move into the largecap category in AMFI’s H1 CY27 reclassification.