The headline equity benchmarks traded with significant losses in early afternoon trade. The Nifty traded near the 24,950 mark after hitting the day's high of 25,168.75 in early trade. Bank shares declined after advancing in the past trading session. At 12:30 IST, the barometer index, the S&P BSE Sensex, slumped 720.22 points or 0.87% to 81,480.94. The Nifty 50 index slipped 195.50 points or 0.78% to 24,949.60. In the broader market, the S&P BSE Mid-Cap index fell 0.62% and the S&P BSE Small-Cap index shed 0.25%. The market breadth was weak. On the BSE, 1,494 shares rose and 2,336 shares fell. A total of 102 shares were unchanged. Derivatives: The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, jumped 4.02% to 14.78. The Nifty 26 September 2024 futures were trading at 24,993.50, at a premium of 43.90 points as compared with the spot at 24,949.60. The Nifty option chain for the 26 September 2024 expiry showed maximum Call OI of 58 lakh contracts at the 25,000 strike price. Maximum Put OI of 102.9 lakh contracts were seen at 25,000 strike price. Buzzing Index: The Nifty Bank index slipped 1.11% to 50,901.50. The index rose 0.14% in the past trading session. State Bank of India (down 3.69%), Bandhan Bank (down 2%), Punjab National Bank (down 1.91%), Bank of Baroda (down 1.76%), Federal Bank (down 1.74%), ICICI Bank (down 1.4%), Axis Bank (down 1.22%), IDFC First Bank (down 1.09%), IndusInd Bank (down 0.79%) and Kotak Mahindra Bank (down 0.24%) declined. Stocks in Spotlight: Angel One slipped 2.09% to Rs 2,455.95 after the company announced that its client base jumped 62.9% to 26.65 million in August 2024 as against 16.36 million recorded in August 2023. Dr Reddy's Laboratories shed 0.19%. The pharma major announced that it has received the establishment inspection report (EIR) from the United States Food & Drug Administration (USFDA) for its API manufacturing facility (CTO-6) in Srikakulam, Andhra Pradesh. Powered by Capital Market - Live

Angel One has allotted 23,093 equity shares under ESOP on 29 August 2024. With this allotment, the paid up equity share capital has increased to Rs. 901,349,130 comprising of 90,134,913 equity shares of face value of Rs. 10 each. Powered by Capital Market - Live

Angel One has appointed Manmohan Singh as Group Chief Risk Officer. Before joining Angel One, Manmohan served as Head of Enterprise Risk Management (ERM), Operational Risk Management (ORM) and Credit and Market Risk at Aditya Birla Capital Group where he was responsible for leading the 'Centre of Excellence' for overseeing such risks across all businesses, including lending, insurance, broking and mutual funds. He has been pivotal in enhancing risk management practices and driving strategic initiatives for the Group. Manmohan also held the position of Chief Risk Officer at Fincare Small Finance Bank and Head - Enterprise Risk at IDFC FIRST Bank Ltd. He also led the Credit Administration Department for Wholesale Banking at Yes Bank. Manmohan is a Chartered Accountant (CA), Financial Risk Manager (FRM) and holds a Diploma in Information System Audit (DISA).Powered by Capital Market - Live

Angel One's client base increased to 25.79 million in month of July 2024, compared to 24.72 million in June 2024 and 15.65 million in July 2023. Average client funding book stood at Rs 3732 crore in July 2024, recording a MoM growth of 22.8% and YoY growth of 216.4%. No. of orders stood at 17.13 crore in July 2024, recording a MoM growth of 2% and YoY growth of 57.1%. Average daily turnover in overall equity segment stood at Rs 43,48,700 crore in July 2024, recording a MoM decline of 4.9% and YoY growth of 54.5%. Average daily turnover in F&O segment stood at Rs 42,79,100 crore in July 2024, recording a MoM decline of 5.1% and YoY growth of 54.3%. Average daily turnover in cash segment stood at Rs 11,300 crore in July 2024, recording a MoM growth of 6.7% and YoY growth of 160.4%. Average daily turnover in commodity segment stood at Rs 58,300 crore in July 2024, recording a MoM growth of 11.2% and YoY growth of 128.1%. Powered by Capital Market - Live

Angel One announced that the 28th Annual General Meeting (AGM) of the company will be held on 9 August 2024.Powered by Capital Market - Live

Angel One has granted 1,724 Restrictive Stock Units (RSUs) convertible into equal number of equity shares of the Company of face value of Rs.10 each to 2 (Two) eligible employees of the Company under the Angel Broking Employee Long Term Incentive Plan 2021 (LTI Plan 2021). Powered by Capital Market - Live

Net profit of Angel One rose 32.57% to Rs 292.73 crore in the quarter ended June 2024 as against Rs 220.81 crore during the previous quarter ended June 2023. Sales rose 74.05% to Rs 1405.45 crore in the quarter ended June 2024 as against Rs 807.51 crore during the previous quarter ended June 2023. ParticularsQuarter EndedJun. 2024Jun. 2023% Var. Sales1405.45807.51 74 OPM %33.4739.68 - PBDT419.45305.64 37 PBT396.83296.70 34 NP292.73220.81 33 Powered by Capital Market - Live