This fall progress set to push FY24 GDP up by 8% or extra: Sitharaman | India Information

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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.

MUMBAI: The nation’s financial progress within the March quarter is more likely to be 8% or extra, finance minister Nirmala Sitharaman has stated.”If this is how inflation management is happening, macroeconomic stability being what it is, you had three-quarters of growth above 8%, and hopefully, the fourth quarter, which ends tomorrow, will also be 8% or over 8%, resulting in 2023-24 having a GDP growth of 8% or over 8%,” FM stated at an occasion organised by Mint Saturday.GDP progress within the Oct-Dec quarter was a scorching 8.4% led by strong manufacturing sector enlargement. Information for the March-quarter GDP can be launched on Could 31.”Three-quarters of growth over 8% is good news, and I thank the people of India for being very energetic and ensuring that India remains the fastest-growing economy,” stated Sitharaman.She stated the commentary on consumption was due to a sequential comparability of consumption numbers. “Do you think we would have had 8% growth without consumption?” she requested.The minister stated that the latest spike in earnings tax notices was due to a brand new rule driving the tax division to ship notices out earlier than they grew to become time-barred and due to digitisation. “Every time through the year, notices are sent so that the assessment does not get time-barred before the six-year limitation sets in on March 31. So, they are rushing a lot of these notices to say, ‘Hey, I have asked you a question; reply, and we will take it up further.’ It is not harassment; it is because of compliance requirements for the board to ensure that getting information does not get time barred.”Sitharaman stated that some outdated data, that are nonetheless in guide type, at the moment are being digitised. “If a notice comes to you saying, ‘We do not have this information about you, can you fill it in?’, it is more because of the gap in data resulting from the transition from manual to digital,” the FM stated.

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