ANGELONE
2 deep-dives · 43 policy notes
What has moved ANGELONE
20 dated calls from the policy coverage · 14 positive · 0 negative · 6 watch
- Positive2026-10-19inferred
Higher domestic participation plus a record primary-market calendar is the volume and fee pool these three monetise
Policy Pulse - Ministries & Regulators - 19 Oct 2026 - Positive2026-10-19inferred
A record issue with a 30x anchor book is listing-fee, brokerage and distribution revenue in a single week; the two OFS issues closing on Monday also cleared, which compounds the volume
Policy Pulse - Ministries & Regulators - 19 Oct 2026 - Positive2026-10-16inferred
A defined auction window plus a ten-minute post-close session creates incremental executable volume and a new price-discovery surface, which is the revenue base for exchanges and brokers
Policy Pulse - Ministries & Regulators - 16 Oct 2026 - Positive2026-10-16inferred
Three simultaneous live issues, one of them India's largest ever, is a direct listing-fee and brokerage-volume event concentrated in a single ten-day window
Policy Pulse - Ministries & Regulators - 16 Oct 2026 - Watch2026-10-15inferred
Any measure that raises the cost of leveraged positioning in the currency derivatives segment trims volumes, and exchange and brokerage F&O revenue runs off exactly that
Policy Pulse - Ministries & Regulators - 15 Oct 2026 - Watch2026-10-15inferred
A large broker was among the most vocal opponents of the levy, so the delay removes a cost that had been publicly quantified by the industry
Policy Pulse - Ministries & Regulators - 15 Oct 2026 - Positive2026-10-15
traded. A ₹30,213 crore issue is the largest listing-fee and distribution event in Indian market history, and BSE closed 2.70% higher on the day the band was confirmed
Policy Pulse - Ministries & Regulators - 15 Oct 2026 - Positive2026-10-15
traded. A Jio-sized primary-market event plus record index levels is the volume-and-listing-fee channel that exchanges and market infrastructure earn from regardless of which sector leads
Policy Pulse - Modi / India Govt - 15 Oct 2026 - Positive2026-10-13
the debate is named to specific taxes. Capital-gains and transaction-tax friction is the single largest swing factor for Indian retail and FPI participation, and these are the listed volume and distribution plays
Policy Pulse - Ministries & Regulators - 13 Oct 2026 - Watch2026-10-13inferred
One mid-cap leaving the derivatives segment shifts some volume between venues and brokers, but it is not material to the aggregate
Policy Pulse - Ministries & Regulators - 13 Oct 2026 - Positive2026-10-13
the Jio Platforms issue is a record Rs 30,200 crore, the largest Indian IPO ever attempted, and primary-market activity is the most direct revenue driver for listed exchanges and brokers
Policy Pulse - Ministries & Regulators - 13 Oct 2026 - Watch2026-10-13inferred
Payments are in the PM's chokepoint list, but India's payments plumbing runs through the unlisted NPCI, which leaves only indirect listed proxies
Policy Pulse - Modi / India Govt - 13 Oct 2026 - Positive2026-10-12
Distribution and broking revenue is a direct function of gross inflow volume into equity schemes
Policy Pulse - Ministries & Regulators - 12 Oct 2026 - Positive2026-10-12inferred
Record SIP flows plus a busy mainboard calendar are the volume base for exchange and broking revenue; BSE was among the Nifty's gainers on a falling tape
Policy Pulse - Ministries & Regulators - 12 Oct 2026 - Watch2026-10-09
Broker and platform operators carry the compliance build for the awareness-message mandate; the debt-market relaxations modestly widen the private-placement pipeline
Policy Pulse - Ministries & Regulators - 09 Oct 2026 - Positive2026-10-09
A record Jio issue plus a 200-250-company mainboard pipeline (up to Rs 5 lakh crore) is direct listing-fee and brokerage revenue; BSE shares nonetheless lagged on the day
Policy Pulse - Ministries & Regulators - 09 Oct 2026 - Positive2026-10-08inferred
Listing fee and brokerage revenue scale with both issue count and the secondary-market activity that follows
Policy Pulse - Ministries & Regulators - 08 Oct 2026 - Watch2026-10-07
Higher private-placement volume, but the merchant-banking fee line is partly displaced by the exemption
Policy Pulse - Ministries & Regulators - 07 Oct 2026 - Positive2026-10-06
Restoring a 30-minute continuous-trading VWAP keeps the closing window in continuous trading rather than an auction, preserving derivatives volumes and removing an expiry-day participation deterrent
Policy Pulse - Ministries & Regulators - 06 Oct 2026 - Positive2026-10-06
Brokerage IPO financing, distribution and institutional-broking revenue
Policy Pulse - Modi / India Govt - 06 Oct 2026
Deep-dive research
Policy Pulse — Ministries & Regulators — 21 Jul 2026
SEBI operationalises promoter share freeze for buybacks (Aug 1 deadline) — revived open market route; RBI FCNR flows at 0.72B; 230 products shortlisted for indigenisation (89B import substitution target). Impact: 🟢 BUY TCS, INFY, ITC, HDFCBANK (buyback), DIXON, HAL, BEL (indigenisation), SBI (FCNR)
Policy Pulse — Ministries — 20 Jul 2026
📉 Indian markets: Nifty -0.39% amid Iran tension. PSU banks rally on Q1 beats (PNB +5.7%, Union Bank +4.4%). Private banks tank (Axis -5.4%, HDFC -5.1%). Pharma defensive rotation +1%. Space sector boost from Skyroot launch. RBI capital norms still pressuring NSE/BSE/brokerages.
Mentioned in Policy Pulse
Policy Pulse - Ministries & Regulators - 19 Oct 2026
NPPA capped trade margins on 137 cancer drugs at 30% from November 9, a margin reset that hits MEDPLUS and re-prices oncology-heavy portfolios like NATCOPHARM, while Jio's 30x anchor book keeps BSE and ANGELONE on the right side of the primary market.
Policy Pulse - Ministries & Regulators - 16 Oct 2026
The India-US BTA first tranche is finalised and in legal drafting, with Piyush Goyal and Nirmala Sitharaman both pushing for signature, a positive for SUNPHARMA, DRREDDY and WELSPUNLIV. The MoD signed Rs 4,106 crore of contracts led by a Rs 2,563 crore IAF satellite, and SEBI rewrote the closing auction session from December 7.
Policy Pulse - Ministries & Regulators - 15 Oct 2026
The CCEA cleared the Rs 52,878 crore sale of a 60.72% IDBI Bank stake to Fairfax at Rs 81 a share and IDBI fell 7%, while the Supreme Court quashed Yes Bank's Rs 8,415 crore AT1 write-off and YESBANK fell 12.68%. Jio Platforms priced India's largest IPO at Rs 1,065-1,119, lifting RELIANCE 3.44% and BSE 2.70%.
Policy Pulse - Ministries & Regulators - 13 Oct 2026
The Finance Minister said the government will hear views on removing LTCG tax and reframing STT, a debate that lifted the Sensex 1,109 points and the Nifty IT index 5.22%, positive for BSE, ANGELONE and CDSL. BEL disclosed Rs 533 crore of new orders, Polycab fell 5% as the NSE ended its F&O contracts, and the Army inducted 450 loitering munitions from Solar Industries' unit.
Policy Pulse - Ministries & Regulators - 09 Oct 2026
The RBI raised daily CRR maintenance to 99% and lined up Rs 25,000 crore of bond sales, negative for rate-sensitive NBFCs and bond-funded lenders; SEBI mandated a colour-coded credit risk-o-meter, positive for CRISIL and ICRA; and a 30% cap on cancer-drug trade margins lifted Apollo Hospitals and Fortis while TCS led a 3% Nifty IT rally.
Policy Pulse - Ministries & Regulators - 08 Oct 2026
The 57th GST Council left rates untouched but recommended removing GST officers' arrest powers, raising the prosecution threshold to Rs 5 crore, cutting the general penalty to Rs 10,000 and automating refunds and ITC, positive for SUNPHARMA, DRREDDY and CIPLA and for TCS and INFY on services-export facilitation; the reported deferral of the UPI merchant fee to January 2027 took 5.2 percent off PAYTM and 4.5 percent off MOBIKWIK, while TCS opened Q2 FY27 with profit up 15 percent to Rs 13,884 crore and a further Rs 12 dividend.
Policy Pulse - Ministries & Regulators - 07 Oct 2026
The RBI hiked the repo rate 25 basis points to 5.50 percent, changed its stance to calibrated tightening and revised FY27 GDP up 40 basis points to 7.1 percent, sending the Sensex down 429 points to 72,638.70 - negative for LICHSGFIN, PNBHOUSING, DLF and MARUTI but positive for HDFCBANK, ICICIBANK and SBIN on net interest margin. The 57th GST Council slipped a second time to October 8 with a proposed 17-day export refund clock, positive for SUNPHARMA, CIPLA and INFY, SEBI exempted eligible AA-minus issuers from the merchant-banker requirement on private-placement debt, positive for PFC, RECLTD and BSE, and L&T won a 5,000-10,000 crore main-plant notice to proceed for the 2x800 MW Chandrapura thermal project.
Policy Pulse - Ministries & Regulators - 06 Oct 2026
The Ministry of Defence signed a Rs 661.50 crore BrahMos fire-control and launcher contract for Indian Navy ships at a minimum 68% indigenous content - BEL and LT are the inferred beneficiaries because PIB names no listed company. The RBI decides rates tomorrow with a 25 basis point hike to 5.50% near-fully priced, the 57th GST Council was rescheduled for a second time to October 8, and SEBI is reported to be partly reversing the Closing Auction Session for derivatives settlement, a positive for BSE, ANGELONE and MOTILALOFS. Trent's 23% Q2 revenue beat drove a 12.6% surge to a Rs 1.5 trillion market cap while Coal India and Tech Mahindra led the day's losses as the Sensex closed 685 points higher at 73,067.81.
Policy Pulse - Modi / India Govt - 06 Oct 2026
The Cabinet approved a Rs 10,000 crore SME Growth Fund to supply patient growth equity to high-potential SMEs - BSE, SBIN and CHOLAFIN are the inferred beneficiaries - and cleared the Integrated Transport and Logistics Authority as an SPV that will write a long-term National Transport Plan and appraise every government infrastructure project worth Rs 500 crore or more, a positive read-through for LT, IRB and CONCOR. The World Bank raised India's FY27 growth forecast 50 basis points to 7.1%, and the primary market stayed open with SRIT India listing at a 13.85% premium while AceVector debuted at an 11.5% discount.
Policy Pulse - Ministries & Regulators - 05 Oct 2026
The RBI's MPC opened a three-day meeting with roughly 60% of polled economists expecting the first repo hike since February 2023 - a 25bp move to 5.50% on October 7 that would pressure LICHSGFIN, DLF and MARUTI - while the 57th GST Council meets the same day with a pre-announced compliance, refunds and ITC package that is positive for SUNPHARMA, WELSPUNLIV and PAYTM. SEBI's Project Jagrook went live on every broker website today, and the Rs 80,000 crore Project-75(I) submarine programme with TKMS reached final approval stage as the clearest single positive for MAZDOCK.
Policy Pulse - Ministries & Regulators - 02 Oct 2026
India is in the final stages of approving a ₹80,000 crore Project-75(I) submarine deal with Germany to be built by MAZDOCK with ThyssenKrupp, while the MoD inked a ₹810.79 crore SAT-SAAW contract with BDL. September power shortages hit a three-year high at 560 million kWh, and the Section 11 order forcing 112 private captive coal plants to run flat out and sell into exchanges is now live — positive for COALINDIA, NTPC and TATAPOWER. September GST rose 14.7% to ₹2,03,521 crore but on a record-high import share, and RBI eased bank shareholding norms for mutual funds, insurers and pension funds.
Policy Pulse - Ministries & Regulators - 01 Oct 2026
The Finance Ministry cut the diesel and ATF export levy for a second fortnight, positive for IOC, BPCL and RELIANCE, as GST crossed Rs 2 lakh crore for a third month and the manufacturing PMI hit a seven-month high of 55.1. SEBI cleared corporate bond index futures for the NSE, the AMCA prototype RFP closed on 30 October with LT, BEL, BHARATFORG, BEML and DATAPATTNS named in the three shortlisted consortia while HAL did not qualify, and the rupee closed at 96.31 into a live RBI hike risk on October 7.
Policy Pulse - Modi / India Govt - 01 Oct 2026
PM-DHARA's first trading session priced the Rs 1.86 lakh crore transmission and storage programme selectively, with TARIL up 9.29% as the top BSE gainer and ADANIENSOL up 4.31% while the Nifty fell 0.88% to an eighth straight weekly loss. Prime Minister Modi's UPSC centenary address set out a 2047 that is more urban, Captain Smit Machchhar's rescue drew national tribute, and the October 5-7 RBI meeting now carries live hike risk on a rupee near 96.
Policy Pulse - Ministries & Regulators - 30 Sep 2026
The CGA put the fiscal deficit at 41.9% of the FY27 target with five months gone, the RBI reported a record $200bn net forward dollar book as the concessional FCNR(B) window closed, and SEBI's Pandey rebuilt FPI onboarding rails while confirming no exchange interoperability and no changes outside the CAS paper. BSE replaced Wipro in the Nifty 50, the Andaman offshore mineral auction returns on October 1, and SEBI's 215th Board rewrote PMS regulations for MOTILALOFS and BSE.
Policy Pulse - Modi / India Govt - 30 Sep 2026
The Cabinet approved the Rs 1.86 lakh crore PM-DHARA scheme - 135 GW of renewable evacuation plus 50 GWh of battery storage - as part of a Rs 2.79 lakh crore package with the Rabi MSP policy and a Delhi traffic system, drawing POWERGRID, KEC, KPIL and the transformer and storage complex into focus. Modi also spoke with Trump as Goyal met Greer in Milwaukee on the interim trade deal, the Supreme Court kept the 0.4% UPI MDR on track for October 15, and the Sabarmati LNG train and Kandla e-methanol plant carried the green-fuel push.
Policy Pulse - Ministries / Regulators - 16 Sep 2026
NPCI's 0.4% MDR on merchant UPI above Rs 2,000 from October 15 opens a Rs 22,000 crore revenue pool by FY28 - PAYTM hit a 52-week high of Rs 1,855.50 while acquiring banks SBIN and AXISBANK led the gainers. SEBI gave arbitrage funds a 1% unhedged leeway to revive the closing auction, and BIS's 67% hallmarking fee hike sent KALYANKJIL and PCJEWELLER down 4-5%.
Policy Pulse - Ministries/Regulators - 15 Sep 2026
The RBI rejected Tata Sons' CIC surrender on September 11, putting the Rs 2.01 lakh crore holding company on a mandatory listing path - a generational fee event for BSE, ANGELONE and MOTILALOFS. August CPI hit an 8-month high of 4.82% and WPI 9.92% (IOC, BPCL, HINDPETRO pressure) while NHAI debarred PNCINFRA for three years, sending it down 20%.
Policy Pulse - Ministries/Regulators - 11 Sep 2026
NSE priced its IPO at Rs 1,700-1,785 (~Rs 22,562 crore, opens Sep 17, listing circa Sep 24) with the issue down about 15% - a re-rating trigger for BSE and ANGELONE. Record August SIP flows of Rs 32,297 crore and Rs 87.08 trillion MF AUM lift HDFCAMC and NAM-INDIA, while Brent above USD 100 drives oil-marketing margins to Rs -5/litre petrol and Rs -23/litre diesel (IOC, BPCL, HINDPETRO negative).
Policy Pulse - Ministries/Regulators - 10 Sep 2026
SEBI keeps the Closing Auction Session but will rework derivatives settlement pricing, and revises commodity derivatives position limits (MCX). NSE IPO price band due Sep 11 with the issue trimmed to about Rs 23,000 crore and an ISIN freeze from Sep 11 (BSE, ANGELONE, MOTILALOFS). Man Industries won about Rs 600 crore of orders. Sensex +138 to 74,902.59; defence was the worst sector.
Policy Pulse - Ministries/Regulators - 09 Sep 2026
Record day: six mainboards open together (~Rs 4,400 cr, first time in ~30 yrs); Manipal Payment 0.17x on day 1 (GMP +10%); Torrent Gas files 100%-OFS IPO papers. BSE, ZERODHA, ANGELONE benefit (inferred).
Policy Pulse - Ministries/Regulators - 08 Sep 2026
DAC clears Rs 1.1 lakh crore of AoNs (98% domestic, Sep 7): HAL and BEL are the key beneficiaries, defence stocks +2.5%. SEBI ETF framework live Sep 7, FPI G-Sec compliance eased; BoB to sell 35% NSE stake; Deepa Jewellers lists +25%.
Policy Pulse - Ministries/Regulators - 04 Sep 2026
SEBI to review derivatives settlement pricing after CAS volatility (PR 53/2026) - BSE +3%. NSE IPO global roadshows on, listing window firms (~Sep 25). Army-CGD PNG LoUs (PIB). HDFC Bank raises ~USD 12B via FCNR(B).
Policy Pulse - Ministries/Regulators - 03 Sep 2026
SC disposes SEBI pleas vs NSE after Rs 1,500 cr settlement - NSE IPO path cleared (Sep window). SEBI accredited-investor comments close today. Hindustan Zinc wins Karnataka REE LoI. BUY BSE, ZERODHA, HINDZINC.
Policy Pulse - Ministries/Regulators - 02 Sep 2026
Semicon 2.0 six-pillar notifications issued (MeitY); Coal India +4% on Mahanadi Coalfields IPO filing; curtailed renewable sale via BESS allowed. BUY DIXON, KAYNES, CGPOWER, COALINDIA.
Policy Pulse - Ministries/Regulators - 01 Sep 2026
SEBI grants NSE IPO NOC (valuation up to Rs 5.26 lakh cr, September listing target); ETF framework deferred to Sep 7. Positive for BSE, ZERODHA, ANGELONE.
Policy Pulse — Ministries & Regulators — 25 Aug 2026
SEBI study reveals 88% F&O trader losses; PLI 2.0 mobile scheme favors scale players like Dixon
Policy Pulse — Global — 21 Aug 2026
Nifty ends 7-day losing streak with 0.64% gain; Brent crude tops 3 on Hormuz concerns; Shiprocket IPO lists; US-Canada trade deadline looms
Policy Pulse — Ministries/Regulators — 21 Aug 2026
Data Patterns wins Rs 586 cr BEL radar order; Apollo Micro gets Rs 81 cr defence order; SEBI study shows 88.5% of young F&O traders lost money in FY26
Policy Pulse — Ministries & Regulators — 17 Aug 2026
MoD names ₹1,577 cr loiter-munition orders (TASL + NIBE) for the Indian Army — BUY TATAMOTORS proxy; Lalithaa Jewellery IPO opens ~45%, Shiprocket lists Aug 19 — BUY BSE; Nifty down 5th day on crude
Policy Pulse — Ministries & Regulators — 14 Aug 2026
SEBI's accredited-investor consultation (manager-led, 4-lakh pool) + OBPP bond-platform circular + Shiprocket/Behari Lal IPOs close at 80x subscription — BUY BSE, watch MOTILALOFS/ZERODHA; Nifty down 4th day on crude
Policy Pulse — Ministries & Regulators — 13 Aug 2026
Tata Motors Q1 PAT +83% lifts Tata complex; SEBI BRSR value-chain ESG mandate (FY26-27); Shiprocket IPO closes Aug 14 at retail ~10x, GMP ~35%
Policy Pulse — Ministries & Regulators — 11 Aug 2026
Crude near 90 clouds Sensex (-0.49%) but pharma/IT/refineries shine (Gland +9.6% on Q1 beat, CPCL +14.9%); 'IPOgust' 11 mainboard IPOs raise 21272 cr, lifting BSE/brokers; Shiprocket IPO opens Aug 12
Policy Pulse — Ministries & Regulators — 10 Aug 2026
SEBI resets broker-inspection framework (risk-based, joint inspections, FY27 target cut to one-third) — tailwind for compliant big brokers/exchanges; market flat but resilient
Policy Pulse — Ministries & Regulators — 07 Aug 2026
NSE issues Authorised Persons consultation (comments by Aug 27) — AP-heavy brokers face compliance reshuffle, exchanges/incumbents benefit. RBI on hold (recap). PSU banks +2% led Aug 6 close.
Policy Pulse — Ministries & Regulators — 06 Aug 2026
SEBI FY27 agenda: LODR review, SLB revamp, fast-track AIF, corporate-bond tokenisation pilot, Jagrook. Buy-back open-market route live (Aug 1, <15% cap). Defence stocks fire (HAL, BEL, GRSE); PSU banks lead; Sensex +374, Nifty flat on CAS/expiry. Q1 earnings drive moves (Trent +26%).
Policy Pulse — Ministries & Regulators — 05 Aug 2026
RBI holds repo at 5.25% (neutral), raises FY27 GDP to 6.7%, cuts CPI to ~5%. SEBI CAS divergences; REIT/InvIT DR consultation. Banks neutral (ICICIBANK, KOTAKBANK, SBIN), BSE positive, TCS/HCL weak.
Policy Pulse — Ministries & Regulators — 04 Aug 2026
SEBI Closing Auction Session (CAS) live from Aug 3; windfall tax raised on fuel exports (negative for IOC, BPCL, HPCL, RELIANCE). BSE Q1 profit +62%, Ather +14%, Pidilite +27.7%.
Policy Pulse — Ministries & Regulators — 31 Jul 2026
India-US pharma deal exempts Indian generics from Section 232 (BUY SUNPHARMA, DRREDDY, CIPLA). SEBI Stock Brokers Regulations 2026. Nifty Pharma +0.7%.
Policy Pulse — Ministries & Regulators — 29 Jul 2026
SEBI PMS overhaul consultation paper. Market rallies +889 pts led by IT (+2.55%), HUL (+4.70%), INFY (+4.50%). NSE removes Exide from F&O.
Policy Pulse — Ministries — 24 Jul 2026
SEBI proposes PMS overhaul — foreign investments, unhedged shorts, MF-only PMS. HCL Tech announces ₹14,257 cr AI data centre in Odisha. Markets fall for 5th straight day. Stock impact: BUY PMS providers/AMCs/exchanges/HCLTech, SELL INFY/INDIGO.
Policy Pulse — Ministries & Regulators — 23 Jul 2026
SEBI proposes sweeping PMS overhaul — foreign securities, MF-only PMS, higher derivatives flexibility. Major positive for MOTILALOFS (largest listed PMS), HDFCAMC, NIPPONLIFE (MF-PMS channel), brokerages (ANGELONE, ZERODHA). SEBI also proposes ODR revamp (BSE beneficiary) and considers reducing upfront cash margins.
Policy Pulse — Ministries & Regulators — 22 Jul 2026
RBI collateral norms (100% BG) ongoing impact — negative for exchanges (BSE, MCX) & brokerages (Angel One, Zerodha, IIFL), positive for banks (HDFC Bank, ICICI). SEBI buyback rule amendment positive for cash-rich cos (TCS, Infy, ITC, Coal India). SEBI enforcement action on Pace Stock Broking.
Policy Pulse — Ministries — 17 Jul 2026
SEBI buyback amendment (Aug 1) positive for TCS, INFY, ITC, COALINDIA, ONGC. RBI CME norms negative for BSE, ANGELONE, ZERODHA, IIFL, MOTILALOFS. Markets rally 1.25% ahead of bank earnings.