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Now lets have a look at some of the top discount brokers in India(in our view )

I) Zerodha : They are one of the largest and oldest Discount broker in India having more than 50,000 clients. They have a very competitive and a simple brokerage structure (Rs 20 per trade) and good customer service. The account opening process is also very easy and most of the work can be completed online. They are one of the few discount broker who have their own Proprietor trading/charting software caller Pi which allows for writing custom algorithm. The good thing about these discount brokers is you may never have to visit their offices. The forms can be filled online and the application can be shipped to them. This type of discount brokers are new in India and providing tough competition to full service brokers.

II) RKSV: RKSV is a discount broker operating from Mumbai. They provide very competitive rates of Rs 20 per trade irrespective of the size of the trade. The provide NEST and ODIN platform for trading. They are coming up with new mobile based platform called Upstock and the product look nice. There account opening process is also very easy and most of the work can be completed online.

III) SAS online: They are one of the newer discount Brokers having the most competitive rate of Rs 9 per trade. They even offer an unlimited trading plan starting from Rs 499. They are based out of Bangalore. They do provide NEST and ODIN platform and have a very competitive brokerage rate of Rs 9 per trade irrespective of the volume of the trades.

IV) ICICI Direct: By far the biggest and best know full service stock broker in India. They have decent service and easy to use user interface but there brokerage is really high compared to what other discount brokers are providing. There rates starts from as high as .5% to .2% depending on the value of trades you do with them. There biggest selling point is there seamless integration with your ICICI bank account which makes transfer/withdrawal of funds really easy and quick. Good broker for investor but not for trader.
V) ShareKhan : Incorporated in February 2000, Sharekhan is India’s 2nd largest stock broker as per number of customers, providing brokerage services through its online trading website Sharekhan.com and 1950 Share shops which includes branches & Franchises in more than 575 cities across India. They are full service broker and provide various other services like asset management etc. You can find my detailed review for Sharekhan brokerage charges here. As of July 30th , BNP Paribas have purchased ShareKhan for Rs 2,200 crore. We don’t expect major changes due to the buyout.

VI) HDFC Security: They are one of the larger broking houses in India and with their bank branches, they have one of the largest network which is only after ICICI. They have a vast network of bank branch in even smaller town. Most of the investor who have a bank account end up opening a trading/Demat account with them. They are good full service brokers providing all major services like research desk, mutual fund investments and portfolio management services.

VII) Kotak Securities: They are one more well know name in Financial services and with their bank branches in big cities they are able to cater to clients in big cities. There online service is decent but brokerage is not that competitive.

VIII) Reliance Money: They came with a bang but lately have lost a lot of sheen from their name. There have been lots of question about their business practices.

IX) Motilal Oswal : These are one of the decent broker operating in India. They are also full service brokers providing gamut of financial service to the customer.

X) Karvy : They are one of the oldest broking house operating in India. They are the brokers which your fathers used to use for buying there IPO and MF but there online service are not that great. Lately they are upgrading their online platform and there brokerage is also comparable to other full house brokers.

And there are many more which can be suitable to you, considering many factors like cost, reliability , goodwill etc.
-lp

(ref-indiansharebroker.com)

Which stock brokers to Approach to?

---All of us us who are interested to invest in the market have this question in the mind.And its so important to know your broker before you invest in the market.
At first ,you need to keep some basic knowledge, before deciding which broker to approach to...

I) Full service or discount broker: Full service broker would charge you brokerage as a percentage of your trade value(for ICICI it lies between .5% – .9%).
while discount broker are much cheaper charging you based on the number of trade, between Rs 15 to Rs 30 per trade irrespective of the trade volume.
So if you are going to trade multiple times a month, go for a discount broker rather than a full service one.

II) Online trading vs Offline/Phone trading: Decide what would be a good fit for you (online or offline). If you are comfortable trading online from your laptop/desktop, you will find that most of the major brokers are providing that services. There are some people who prefer to trade on brokers terminal, make sure that you check with your broker if he have a terminal near your place.

III) How often do you trade:
Investor is someone who trades few times a year while trader will trade at least few times a month. If you are an investor brokerage generally won’t make a big difference in your returns while if you are a trader, brokerage can mean whether you end up making a profit or loss. Decide in which category do you fall.

IV) Will you require advice to trade:
If you need adviser, remember to get some historical data of how good the adviser is and would you be comfortable giving him your money. Full service broker generally will have research desk which will send you a lot of recommendations for trading in stocks and will be in touch frequently asking you some basic questions regularly.

V) Do you have access to internet: One more thing to keep in mind while looking at the broker is whether or not it provides call-n-trade service. Because even if you have a smartphone, there could be a chance that you are not able to access your account due to slow internet speed. Then you should be able to call you broker for closing the trade. Most of the broker provide call-n-trade service but ask what is the extra charge for using that service if any. Also some broker say that the provide this service but when you try to call then, the number is always busy. Make sure that you ask them what is the normal wait time to get call-n-trade service.

VI) Internet savvy: Newer generation people are tech savvy and don’t mind to trade completely only. If you are like then, discount brokers would be a good fit .If you do use local brokers, I would suggest that at least compare their brokerages with some of the new discount brokers to see how much money you are losing by way of higher brokerage.

VII) Trading platform provided: One more important thing to ask is what trading platform is provided by your broker and is there any extra charge for accessing that. Most of the broker will provide NEST trading platform free of cost but then charge a monthly charge for access there charting platform or to get access to real time data from there platform. So it is a good idea to get a better understanding of what is being provided by you broker to start with.
-lp

(ref-indiansharebroker.com)

After a Short break, We are back in the market with more knowledge and more experience .
From this day, We promise to update it regularly.
STAY TUNED !

SENSEX DOWN BY MORE THAN 2500 POINTS IN A MONTH.

Global markets and China stocks crashing:
Asian markets were trading in deep red in early trade on Monday with Shanghai shares crashing 8 per cent sparking widespread unrest in global financial markets. The Dow Jones industrial average on Friday fell 530.94 points, or 3.12 per cent, to 16,459.75, the S&P 500 lost 64.84 points, or 3.19 per cent, to 1,970.89 and the Nasdaq Composite dropped 171.45 points, or 3.52 per cent, to 4,706.04. For the week, the Dow dropped 5.8 percent and the Nasdaq tumbled 6.8 per cent.
G Chokkalingam, founder and managing director, Equinomics Research & Advisory, said, “Today’s fall can be attributed to nervousness in US and China markets. I believe, Indian markets will recover faster and will do better than other markets.”

The Sensex ended over 1,600 points down on Monday, the biggest in over seven years. The benchmark BSE Sensex fell 1,624.51 points, or 5.94 per cent to end at 25,741.56. The index opened at 26730.40 and touched a low of 25,624.72. The broader Nifty also fell 490.95 points, or 5.92 per cent per cent to 7,809. Investor wealth down over Rs 7 lakh crore.

Wall Street is the only place that people drive to in a Rolls Royce to take advice from people who
ride the subway.

- Warren Edward Buffet

DR. APJ ABDUL KALAM , former president and scientist (INDIA)... to the legend. - stock quarries family.

Some big market related news:

Maharashtra put a ban on the sale of loose ci******es. Stocks ITC and Godfrey ltd were down by 4%-5%.

Nestle Shares Plunge 10% as Several States Initiate Action against 'Unsafe' Noodles.

Adani port has fallen by over 80 per cent today and closed at around Rs 110, a fall of over 82 per cent from Monday’s close on news of business restructuring

Tata Motors will not be driving in a diesel engine powered Nano in the near future owing to issues related to "refinement and economics".

12 pm
The Sensex is down 95.98 points at 28570.06 and the Nifty is down 54.15 points at 8652.55. About 1190 shares have advanced, 1231 shares declined, and 164 shares are unchanged.