India’s GDP set to develop 8% or extra in earlier quarter: Nirmala Sitharaman

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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: Finance minister Nirmala Sitharaman on Saturday mentioned that the nation’s GDP is about to develop by 8% or extra within the quarter ending March 31.Talking throughout an occasion within the monetary hub of Mumbai, Sitharaman mentioned, “Hopefully the fourth quarter, will also have (growth) of 8% or above 8% resulting in 2023/24 having an average growth in GDP of 8% or over 8%.”Sitharaman highlighted the anticipated year-on-year growth price of 8% for the 2023/24 monetary yr, attributing it to improved inflation administration and macroeconomic stability. The GDP knowledge for the Jan-March quarter is scheduled for launch on Might 31. India’s financial system recorded an 8.4% progress within the October-December quarter, surpassing the earlier quarter’s 7.6% progress. The present fiscal yr is projected to witness a 7.6% financial progress by March 31, in response to authorities estimates.

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