geojit financial services

India’s balance of payments may see a third consecutive year of deficit, and the rising crude oil prices are threatening to expand the current account deficit. So what’s the solution to the problem?

India's top companies saw a significant market valuation surge last week, with Reliance Industries leading the gains. Despite a volatile trading period, the BSE Sensex managed a modest advance. While several giants added billions, others like Bharti Airtel and Hindustan Unilever experienced notable dips. Analysts point to global optimism and domestic buying as drivers for the market's recovery.

Retail stock broking company Geojit BNP Paribas Financial Services has reported a 202% rise in its third-quarter net profit to Rs 13 crore from Rs 4.3 crore a year ago.

Mumbai, Jun 25 () Triggered by growing awareness of investors and lacklustre show by traditional asset classes, systematic investment plans (SIPs) are set to double in the next couple of years both in volume and value, says a report.

The regulator had conducted an inspection of the books of accounts and other records of the geojit financial services, which was earlier known as Geojit BNP Paribas Financial Services.

Benchmark Nifty closed above the 9,300-mark for the first time in its history on Tuesday, while the sensex soared 287 points to a three-week high on widespread buying, spurred by strong results and upbeat global cues. The rupee ended at 64.26 against the dollar, up 18 paise.

French banking conglomerate BNP Paribas SA is in talks to buy out geojit financial services Ltd in the institutional broking joint venture BNP Paribas Securities India Ltd, said sources directly briefed on the matter.

Broking firm Geojit BNP Paribas Financial Services Ltd registered a profit after tax (PAT) of Rs 15.75 crore in the third quarter ended on December 31, 2013, an increase of 21% from Rs 12.99 crore in the year-ago period.

French banking major BNP Paribas has bought 34.35% in geojit financial services for about Rs 207 crore ($47 million).

Mumbai, Feb 8 () The sixth largest retail brokerage geojit financial services today set a target of doubling its customer base to 2 million from over 9 lakh now over the next five years and will also hire 1,000 more market professionals to service them.

The Nifty followed a similar trajectory as the sensex and closed 311 points lower at 17,016. RIL, ICICI Bank and ITC led the day’s slide while buying in IT stocks, which witnessed relentless selling in the previous few weeks, cushioned the fall marginally.

A steep slide in crude oil prices globally, an overnight rally in the US market and Chinese govt’s explicit support on Wednesday for the country’s battered stock market lifted investor sentiment globally. This also spilled over to Dalal Street on Wednesday which led to renewed buying that added a little over 1,000 points to the sensex as it closed near the 57K mark after three weeks.

The sensex reversed early losses to close 0.4% higher on Monday helped by buying in Reliance, ICICI Bank and Airtel amid gains in global equities.

Falling crude oil prices, slower pace of selling by foreign funds and a steady global market helped the sensex post a 617-point gain on Wednesday, closing at 53,751 with FMCG, financials and IT stocks leading the rally.

Foreign portfolio investors have sold Rs 58,711 crore ($7 billion) of Indian equities in Oct, influenced by China's economic stimulus. Net bond sales were modest at Rs 709 crore. However, strong domestic institutional investments mitigated the market impact. FPIs have also shown interest in Hyundai's upcoming IPO.

KOCHI: geojit financial services Ltd, a joint venture between Geojit and Kerala State Industrial Development Corporation (KSIDC), has posted a net profit of Rs 8.8 crores for the year 2003-04.