In a digital initiative by State Bank of India, subsidiary SBICAP Securities launched an upgraded version of its online trading platform – sbismart.com on Friday. The new HTML5 platform will be accessible across all devices such as smart phones, tablets and desktops.
The platform also offers customers other products and services, such as home and car loans apart from guides and educational content for investors.
Speaking at the launch, SBI Chairman Arundhati Bhattacharya said that depth is needed in the retail market.
“Unless and until equity markets show more much retail depth, it is difficult for our economy itself to grow as much as it needs to.”
SBI Bank account holders can register on the platform. Other bank account holders can trade on the platform by opening an SBI demat account.
Of the total 12 lakh clients, SBICAP Securities has 1.6 lakh active clients. Speaking on the sidelines, an SBI official said that currently there is an addition of 20,000-30,000 new accounts every month and post the merger of the associate banks this could go up to 40,000 new accounts a month.
There are now many innovations and changes in the stock market exchange today and perhaps the BSE Sensex also uses the same principles in selling and buying stocks just like any stock exchange market in the world. Here are some ways for you to determine profitable stock. Sometimes, what you hear or what you are used to may turn the other way around and before you know it, you are either winning or losing.
There are various methods that apply to picking stocks that is profitable. You can have a combination of traditional methods or even those that are contemporary and sometimes being unpredictable could also help.
As you are probably aware, the idea of the BSE Sensex is to provide an indication of how well the Bombay Stock Exchange, often referred to as the BSE is performing. There are thirty companies which make up the BSE SENSEX. These are regarded as some of the best performing companies on the exchange, and thus the ones which are listed to vary from time to time. The general idea is that by analysing these companies people are able to understand how well the stocks are performing on the exchange e.g. are they going up or are they going down? In this article we are going to take a little look at how the BSE SENSEX is calculated.