Online Trading
The technology sector faced continued headwinds amid discouraging projections and underwhelming performances from leading US corporations, notably Intel, Amazon, and Alphabet. Their disclosures fueled apprehensions regarding semiconductor demand and the potential for substantial returns on investments in artificial intelligence.
Several prominent Chinese technology companies experienced declines despite reporting robust earnings. Zhongji Innolight decreased 4.99% despite registering a 173.7% year-on-year surge in third-quarter net profit. Eoptolink Technology retreated 14.19%, notwithstanding a 61.15% increase in earnings. Cambricon Technologies shed 3.61%, while SMIC decreased 4.17% and Hygon Information Technology fell 8.44%.
*9 out of 10 individual traders in equity Futures and Options Segment, incurred net losses.
*On an average, loss makers registered net trading loss close to ₹ 50,000.
*Over and above the net trading losses incurred, loss makers expended an additional 28% of net trading losses as transaction costs.
*Those making net trading profits, incurred between 15% to 50% of such profits as transaction cost.
SEBI study dated January 25, 2023 on “Analysis of Profit and Loss of Individual Traders dealing in equity Futures and Options (F&O) Segment”, wherein Aggregate Level findings are based on annual Profit/Loss incurred by individual traders in equity F&O during FY 2021-22.
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ii.Speedy redressal of the grievances