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HomeMarket NewsJane Street Impact: Capital market shares Nuvama Wealth, Angel One fall up to 7%
In its business update for the month of June, Angel One's gross client acquisition fell 41% from last year to 0.55 million, while client base grew by 31.3% year-on-year. On a month-on-month basis, client base went up by 1.6%.
Shares of India's capital market stocks, Nuvama Wealth Management Ltd., Angel One Ltd., BSE Ltd., CDSL Ltd. declined up to 7% on Friday, July 4, after the market regulator Securities and Exchange Board of India (SEBI) barred US-based trading firm Jane Street, from accessing the capital markets for alleged market manipulation.
While shares of BSE and CDSL are recovering from opening lows, those of Angel One are down 5.5%, and those of Nuvama Wealth are down 6%. Angel One would also be reacting to its quarterly business update.
SEBI order said that the ₹4,843 crore worth of unlawful gains will be impounded.
In its business update for the month of June, Angel One's gross client acquisition fell 41% from last year to 0.55 million, while client base grew by 31.3% year-on-year. On a month-on-month basis, client base went up by 1.6%.
Number of orders on the platform fell 5.4% from last month and 31% from last year to 114.95 million, while average daily orders fell 5.4% from last month and 38% year-on-year to 5.47 million.
Shares of Nuvama Wealth are down 5.1% at ₹7,765, while those of Angel One are down a similar quantum at ₹2,794.
Shares of BSE are down 3.8% at ₹2,712, while those of CDSL are down only 1%.
First Published:
Jul 4, 2025 9:57 AM
IST
