Indian shares shut 2023-24 agency, indices accumulate 27-31% returns

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what is DMA (Direct Market Access)in the Indian share market?

What is DMA?

DMA, or Direct Market Access, is a service offered by stockbrokers that allows traders to place orders directly on the stock exchange’s order book. It eliminates the need for intermediaries, such as market makers or brokers, and provides traders with direct access to the market. This means that orders are executed faster and at potentially better prices.

How Does DMA Work in the Indian Share Market?

In the Indian share market, DMA is facilitated through the use of technology and trading platforms provided by stockbrokers. Traders can access the market through these platforms, which connect them directly to the stock exchange.

Benefits of DMA in the Indian Share Market

1. Speed and Efficiency: DMA enables faster order execution as orders are placed directly on the exchange’s order book. This can be particularly advantageous in volatile market conditions where every second counts.

Conclusion

DMA, or Direct Market Access, is a powerful tool that allows traders to directly access the stock exchange’s order book. In the Indian share market, DMA offers numerous benefits, including speed, transparency, control, lower costs, and access to real-time market data. By utilizing DMA, traders can enhance their trading experience and potentially improve their trading outcomes.

NEW DELHI: Indian inventory market indices closed the monetary 12 months 2023-24 on a agency observe, with Sensex and Nifty rising within the vary of 0.8-0.9% on Thursday, backed by agency financial progress forecasts by varied international watchdogs and political stability on the federal stage.Sensex settled 0.88% or 639 factors greater at 73,635 factors, and Nifty 0.92% or 203 factors at 22,326 factors on Thursday, the final session of 2023-24.On Friday, the market was shut for Good Friday. On Monday too, the inventory exchanges have been closed on account of Holi.On Thursday, the fairness market prolonged beneficial properties and virtually retested the file excessive. Over the previous 12-month, the indices amassed about 27-31% return on funding for the traders.”Indian equities closed the day and fiscal year on an optimistic note, with volatility by the end of the session, as buying by retails, DIIs, and FIIs surged across categories,” stated Vinod Nair, Head of Analysis, Geojit Monetary Companies.”The mid- and small-cap stocks have emerged as frontrunners, rebounding from the initial sell-off earlier in the month. An upgrade in the domestic economy forecast hints at an encouraging outlook for the stock market in FY25. However, the emphasis is on large-cap due to the persisting premium valuations of mid-cap stocks, which could pose a concern on the broad market in the short to medium term.”Emkay Institutional Equities, part of Emkay World Monetary Companies Restricted, maintains its stance of Nifty to stay at 24,000 stage. Emkay expects the market to rebound in 3-6 months, when SMIDs (Small and Mid Caps) would begin to outperform once more.In the interim, Ajit Mishra, SVP – Technical Analysis, Religare Broking suggests persevering with give attention to inventory choice, with a choice for the index majors and enormous midcaps.Again residence, international portfolio traders proceed to stay web patrons in India. This additionally buoyed the shares.International portfolio traders who had aggressively bought Indian shares and turned web sellers within the Indian fairness market in January 2024 turned web patrons in February and March. This has additionally seemingly buoyed the shares of late.In March, they purchased shares in India price Rs 31,056 crore, the most recent information from the Nationwide Securities Depository Restricted (NSDL) confirmed.Individually, the Beta model of optionally available T+0 settlement, for a restricted set of 25 shares, began this week. The T+0 system implies that the settlements should be completed throughout the similar day, of the completion of a transaction.The Board of the SEBI will overview the progress on the finish of three months and 6 months from the date of this implementation, and determine on additional plan of action. At the moment, India follows the T+1 cycle, which implies trades are settled by the following day.

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