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Stocks to Watch September 15: Banks, Brokers and IT
Several stocks were highlighted for investors to watch on September 15.
They include HDFC Bank, BSE, IT stocks, Coforge and Tata Chemicals.
The discussion also involves Angel One and other broking stocks.
India’s market regulator shared ideas about how CAS trading should work.
One idea uses different trading-time periods to calculate prices.
Another would temporarily return to the older VWAP system.
The proposals also address trading hours, index information and certain order types.
Jefferies said the ideas could make things clearer for brokers and exchanges.
HDFC Bank, BSE, IT stocks, Coforge and Tata Chemicals are listed among stocks to watch on September 15.
The Securities and Exchange Board of India consultation paper on CAS includes suggestions across five topics.
The proposals include blended Volume Weighted Average Price for 30 minutes of normal cash trading and 10 minutes of CAS.
Other suggestions include restoring the old VWAP system temporarily, continuing normal cash trading for CAS stocks until 3:30, and withholding live indicative index values during CAS.
Jefferies said the proposals reduce uncertainty and are positive for brokers and exchanges, while the paper also proposes action against spoofing and adding iceberg orders to CAS.
- Who
- HDFC Bank, BSE, IT stocks, Coforge, Tata Chemicals, Angel One and other broking stocks are identified; the Securities and Exchange Board of India issued the consultation paper, and Jefferies assessed it.
- What
- Stocks were identified for market attention, alongside proposed changes to CAS trading procedures.
- Where
- The article does not specify a location.
- When
- September 15; the consultation proposals concern trading procedures and a temporary VWAP arrangement.
- Why
- Jefferies said the proposals remove uncertainty and could benefit brokers and exchanges.
Key facts
- Stocks highlighted
- HDFC Bank, BSE, IT stocks, Coforge and Tata Chemicals
- Other stocks mentioned
- Angel One and broking stocks
- Regulator
- Securities and Exchange Board of India
- Consultation subject
- CAS trading procedures
- Proposed pricing method
- Blended VWAP using 30 minutes of normal cash trading and 10 minutes of CAS
- Trading-hours proposal
- Normal cash trading for CAS stocks until 3:30
- Jefferies assessment
- The proposals remove uncertainty and are positive for brokers and exchanges
Sources
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