Under the DMA, investors will be able to trade directly from the exchange instead of going through stockbrokers.
Share price of brokerage firms including ICICI Securities, Geojit Financial and Emkay Global declined 5-9 percent intraday on July 27 amid rumors of development of a direct market access system (DMA) by Securities and Exchange Board of India (SEBI).
Under the DMA, investors will be able to trade directly from the exchange instead of going through stockbrokers.
ICICI Securities was quoting at Rs 487.00, down Rs 50.30, or 9.36 percent and Geojit Financial Services was quoting at Rs 35.65, down Rs 3.55, or 9.06 percent.
Emkay Global Financial Services was quoting at Rs 44.65, down Rs 2.35, or 5 percent.
First Published on Jul 27, 2020 03:51 pm