CHANGE IS FOR BETTER

With great pleasure we announce that we have changed our online trading portal to http://www.smctradeonline.com for better. Experience a new level of online trading with more information, better aesthetics, advanced technology, world class financial tools & user friendly console on our new broking site.

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Come june 22nd and http://www.smcindiaonline.com , our corporate site will also come in its new avatar providing detailed information about SMC Group & its wide array of financial services.

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For any query, email us at brand@smcindiaonline.com

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How To Get Started in Online Investing? Final Part

Hello Friends here we come up with an extension of our previous blog “How To Get Started in Online Investing?” Part 1.

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How To Get Started in Online Investing?

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In previous blog, we have touched upon the questions, any beginner investors do have in their mind while going for investing.

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At the same time we had also tried to look in previous blog that what is Online Trading, resources needed first of all to invest online, few steps to start investing online and how SMC ONLINE helps investors in reaping the benefits of online trading.

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In this Blog, we would try to discuss about what are the further steps an investors need to take once the initial registrations are done with.

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🙂

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Once the registration formalities are done with, you would be required to load your online investing trading account with funds.

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Once Funds would be deposited you would need to look out for the stocks on which you would like to invest prima facie.

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One thing you should bear in mind that before investing, you should do the in-depth research about the company’s profile, performances and services.

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In this respect investing firms like SMC ONLINE comes to your rescue usually by helping you with their excellent research support, stocks recommendations and quality statistics.

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These things are really very important while you invest in buying the shares of any company.

As a wise investor you should keep your eyes open, and don’t blindly trust anyone.

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Another very important thing is RISK FACTOR.

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You’ll have to take the risk in terms of investing your money in the stock market.

Stock market is a bit similar to gambling.

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But there is a big difference between the risk and calculated risk.

For a beginner, you should only go for calculated risk.

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Don’t put your entire money in terms of buying the shares of a new company, even if the future potential of that company seems very high.

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Start slowly, understand the market, earn some decent amount of money first of all and then go for big trading.

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Once you have gotten started, you should start by learning a little bit about chart reading.

If you can read the charts you will have a good idea what is going on.

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And as I said earlier, I would conclude this topic by saying that any beginner investor should look for a broker firm that gives good value for money with their commission fees.

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🙂

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Stay Tuned for more and more on this 🙂

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However For More latest Industry,Stock Market and Economy News Updates, Click Here

Online Trading Services for NRIs

Hello Friends here we come up with an extension of our previous blog “Investment Opportunities for Non Resident Indians”.

In previous blog, we have touched upon the aspect of Online Trading facility in various financial products for NRIs.

We also discussed about an online trading platform for NRI’s by one of the India’s largest and experienced provider of online trading services, SMC Group.

At the same time we also tried to look what are the benefits, a NRI client derives from the SMC’s state-of-the-art Online Trading facility.

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Now in this we would try to read about the SMC categorized Online trading services on the basis of its customer’s investment needs.

To provide seamless services to NRI customers, SMC Online have categorized its services on the basis of its NRI customer’s investment needs.

So,  NRI clients have been given option to choose the Online Trading Account that is best suited to their profile.

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SMC Online has categorized Online trading services on the basis of its customer’s investment needs.

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1)    SMC Select

2)    SMC Exclusive

3)    SMC Privilege

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SMC Select

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This trading platform is ideal for those investors who are new to securities trading.

This platform is simple to use & is most suited to Retail investors who are not frequent traders.

It is most economical and convenient product for online trading and does not require any software installation.

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Features of SMC Select

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1) No software installation required

2) Easily accessible on browser

3) Trade on different exchanges on a single platform

4) Online transfer of funds through multiple banks

5) Online Back office to track your investments

6) Online IPO & Mutual Fund through NRO account

7) Latest news, market information and research reports on mail

🙂

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SMC Exclusive

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This account is ideal for Active traders who transact frequently during day’s trading session to capitalize on intra-day price movements.

In this product, real time streaming quotes facility is available on browser interface.

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Features of SMC Exclusive

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1) Easily accessible on browser

2) No software installation required

3) Live Streaming Quotes

4) Trade on different exchanges on a single platform

5) Multiple market watch facility

6) Hot key functions for faster trading

7) Online transfer of funds through multiple banks

8) Online Back office

9) Online IPO & Mutual Fund through NRO account

10) Latest news, market information and research reports on the website

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SMC Privilege

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This account is an application based privileged online trading product, which is meant for clients who are actively involved in the stock market and do the bulk trading.

It offers comprehensive facilities on a single screen, similar to that of a broker’s terminal, thus providing greater ease and time advantage, to the investors.

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Features of SMC Privilege

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1) Trading terminal on your desktop

2) Real time streaming quotes

3) Intraday charting

4) Different Exchanges on a single screen

5) Fully Customizable Market Watch

6) Track Multiple Stocks on single screen

7) Hot Key Functions for faster trading

8) Security lock for better safety

9) Online transfer of funds through multiple Banks

10) Online IPO & Mutual Fund through NRO account

11) Online Back office

12) Latest news, market information and research reports on mail.

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Next Blog we would try to read more about the other SMC investment services.

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Stay Tuned for more on this

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To know more about the state-of-the-art Online Trading facility, click here.

Investment Opportunities for Non Resident Indians (NRIs)

Hello Friends here we bring you guys a write up on “Online Non Resident Indian (NRI) Trading” and info on “SMC’s state-of-the-art Online Trading facility“.

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Investment Opportunities for Non Resident Indians

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With Indian economy, witnessing a phenomenal growth since the last decade and after being touted as a success story even after downturn of last year, more and more of NRI corporates and Investors, beside multinationals, are lining up to enter the Indian share market.

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But it becomes very important for NRIs to select investment avenues with due diligence as situation is turning better but still somewhere delicacy remains.

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The challenge for NRIs here is to recognize best-in-class investment products and facilitators to help their investment needs in India.

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Most of the reputable and registered brokers in India offer Online Trading facility in various financial products for NRIs.

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One of the India’s largest and experienced provider of online trading services,

SMC Group is also now providing an online trading platform for NRI’s (based

all across the globe) in various products for eg; Equities, derivatives, apply

online for IPOs and invest online in Mutual Funds.

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SMC Online, no doubt, is having a range of online investment products.

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With a SMC’s state-of-the-art Online Trading facility, buying and selling of shares is now just a click away.

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With this SMC’s state-of-the-art Online Trading facility platform, NRI’s all over

the world can receive benefits in as below:

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🙂

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1. Online trading account in NSE & BSE

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2.  Online trading account in Equity, Futures & Options through NRO account

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3.  Online IPO & Mutual Fund Investments facility through NRO account

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4.  Online trading account in DGCX

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5.  Online Back-office support

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6.  Research reports on email

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7.  Investment in Insurance

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Through this SMC’s NRI Online trading platform, non resident Indians living around the world, can enjoy a hassle free investing process in India.

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Moreover, SMC’s state-of-the-art Online Trading facility is fast, safe and secure.

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Whether, one is an experienced securities trader or new to securities trading, he/she will be happy to have a long term investment association with SMC.

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🙂

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Next Blog we would try to read about the SMC categorized Online trading services on the basis of its customer’s investment needs.

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Stay Tuned for more on this 🙂

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To know more about the state-of-the-art Online Trading facility, click here.

MCX Stock Exchange Targets Bottom of the Pyramid

MCX Stock Exchange drawn up a strategy to lower costs significantly to take on established players 🙂

The MCX Stock Exchange (MCX-SX), which is still some distance away from launching trade in equities, has already drawn up a strategy to lower costs significantly to take on established players.

🙂

Exchange, promoted by the Financial Technologies group, is waiting for approval from the market regulator.

But the blueprint is aimed at doing what the National Stock Exchange (NSE) did to the capital markets 15 years ago.

MCX-SX is planning to significantly lower :

1) the Entry Cost,

2) the Cost of Transaction, and

3) the Cost of Technology.

Under the plan, there will be many more segments to trade.

Mutual funds and Initial Public Offers might also be distributed.

🙂

In Other major Agri Updates :

FMC open to debate on extended trading hours:

The Forward Markets Commission (FMC), the commodity markets regulator, says it is willing to discuss the issue of extending trading hours, in line with what the equity markets regulator, the Securities andExchange Board of India (Sebi), did last week.

Sebi has allowed trade timing in equities to be extended, from 9 am to 5 pm; the current hours are 9:55 am to 3:30 pm.

Currently, agri commodities are traded on the exchanges between 10 am and 5 pm.

Market participants have urged the regulator on various occasions to extend trading time till at least 7.30 pm, to capture the sentiment of late evening trades.

🙂

Note : For More Latest Industry, Stock Market and Economy News and Updates, please CLICK HERE

Get Down to the Nitty Gritties of Online Stock Trading ;)

Buying and selling securities via the internet, also known as “Online Trading,” became extremely popular in the late 1990s when people’s access to the internet became fast and easy.

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Many people now use the internet as their primary source for buying, selling and trading investment securities.

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Online trading has given anyone (who has a computer, enough money to open an account and a reasonably good financial history) the ability to invest in the market.

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You don’t have to have a personal broker or a disposable fortune to do it, and one can make (or lose) vast sums of money from trading stock listed on one of the many stock exchanges around the world.

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Pre-Requirements to start Online stock trading –

In order to get started in the world of online stock trading, you would require : –

* An access to a computer

* An Internet connection

* Money to invest

* Opening of an account with an online stock broker.

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Other than that, you should also have to have the :

(i) know how of when to buy and sell stock, and

(ii) an investment plan in place that matches your selected stock purchases.

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An Investment strategy you should adhere to :

Online stock brokers rarely provide clients with advice on which stocks are buy/sell/hold recommendations or some offer off-line services for this.

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Consequently, if you are new to stock trading, you may wish to avail yourself of this service, otherwise you will need to research your stock buying/selling options yourself.

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Otherwise you can do some research to determine which brokerage company will be most suited to meet particular needs.

There are dozens of online brokers on the web.

Do your research properly and find the broker who fits your specifics needs as well as possible, and then open your account.

🙂

Types of online stock traders

Basically there are four types of online stock traders:

(1) Long-term traders – who hold their shares for one or more years

(2) Medium-term traders – who hold their stock anywhere from 1 month to six months

(3) Short-term traders – who ordinarily hold stock for a week, but this can be up to one month

(4) Day traders – who buy and sell stock in the same day.

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To start Trading Online

Once you have opened your account with an online stock broker,

a) Complete the registration process. Give all of the relevant information, such as your name, PAN card number, Address, and other information the brokerage site will ask you for.

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b) Fund your trading account and deposit your money with them.

c) Acquaint yourself with the menus and trading screens your broker has created for you.

Take their online tutorial or watch any “beginning investor” videos they site may have prepared to expedite your learning curve.

d) Buy your first stock. Choose the company you want to invest in. Input the stock symbol it trades under, input the amount of shares you want to buy, and click “Execute.”

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Well, opening an online stock trading account is easy, requires just a few clicks of the mouse and a few signatures, then you’re ready to go.

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To Know more about the Online Trading Platform and To start doing it, Click Here 🙂

Gold Touches a New High of Rs 16,220 per 10 gram !

Due to the speedy buying by stockists in advance of the festival season, in the midst of the global rates climbing to an 18-month high of $ 1,018.15 an ounce, GOLD rose by Rs 250 to touch a new high of Rs 16,220 per 10 gram in the gold market.

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However, it is said that after the metal in London increased to an 18-month high, the buying action gathered momentum as stockists indulged in buying gold.

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While, the concern was that a global economic revival may strengthen inflation in the midst of a weak dollar, enhancing demand for the metal as an alternative investment.

On the other hand, gold in overseas markets advanced 10.60 dollar, or 1.1%, to 1,018.15 dollar an ounce whereas silver coins also touched a record high of Rs 31,800 per 100 pieces.

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Further, standard gold and ornaments spurted by Rs 250 each to Rs 16,220 and Rs 16,070 per 10 gram, respectively.

On the other side, sovereign increased by Rs  50 to Rs 12,950 per piece of 8 gram.

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Marketmen said the precious metal might see new peaks in the coming days once the festival and marriage season starts on September 19.

Current upsurge maybe purely out of reason of stockists buying as retailers refrained from buying gold during ‘Sharaadh’, the ongoing inauspicious fortnight in Hindu mythology.

🙂

According to analysts, gold may climb a high level of $1,100 an ounce in the overseas market in the next six months.

Silver ready shot up by Rs 700 to Rs 26,600 per kg and weekly-based delivery by Rs 910 to Rs 27,570 per kg.

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Silver coins rose to an all-time high by gaining Rs 200 to Rs 31,700 for buying and Rs 31,800 for selling of 100 pieces.

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However in between due to the increasing investment demand with the commencement of festival and marriage season, gold imports observed a huge rise during August at 21.8 tonnes as compared to the previous month where the import of the precious metal was 7.8 tonnes this year.

This shows that India’s gold imports have trebled in a gap of one month.

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Indian Stocks Rose to a 15-Month High :)

Indian stocks rose to a 15-month high yesterday. 🙂

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DLF Ltd led gains as investors judged recent declines as excessive. Mahindra & Mahindra Ltd climbed on a report it will make sports utility vehicles for overseas markets.

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DLF, the biggest real estate developer, jumped 5.5% after losing 10% in the previous five trading sessions.

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Mahindra & Mahindra, the largest sports utility vehicle maker, advanced 1.5%.

Sterlite Industries (India) Ltd, the No 1 copper producer, added 3.8% after metals prices climbed.

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The Bombay Stock Exchange’s Sensitive Index (Sensex), rose 240.26, or 1.5%, to 16,454.45, the highest since May 28, 2008.

The gauge declined 0.3% on Monday, snapping a six-day rally.

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“There is strong liquidity supporting the market,” Jagannadham Thunuguntla, the head of equities at SMC Capitals Ltd in New Delhi. “Yesterday’s fall has made some stocks attractive.”

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The rupee advanced against the US dollar as overseas investors added to holdings of the nation’s assets amid signs economic growth is quickening.

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The rupee climbed 0.2% to 48.655 per dollar at the 5pm close in Mumbai, according to data compiled by Bloomberg.

The currency has risen 0.4% this month.

India’s $1.2tn economy expanded 6.1% in the three months to June from a year earlier, accelerating for the first time since 2007, the government said last month.

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Note : For More latest Industry,Stock Market and Economy News Updates, Click Here

Trade From The Comfort of Your Home : PNB :)

Hello Friends.

In extension to my previous blog covering a news report about launch of Online Trading at Punjab National Bank, titled as “PNB – SMC ALLIANCE Launches 3-IN-1 PRODUCT [Savings-Demat-Trading]” here, i have managed to sourced an Interview message of PNB’s Executive Director, Mr. M V Tanksale in the same context.

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It would be interesting to share the excerpts of the same interview with you guys.

So let me post the excerpts from same Excerpts !

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First of all heartiest congratulations on the launch of Online Trading at Punjab National Bank. Sir, how has been the response for this over last 2 months?

Thanks, with the multiple offerings that cover Equities, Derivatives, Commodities, Mutual Funds and IPOs through 3- in-1 accounts i.e. fund, demat account with bank & online-trading account, this product has been welcomed by our colleagues & customers.

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We firmly believe that it would be a most preferred online investment destination for our prestigious customers. The experience in the last 2 months has been encouraging at the 250 branches where the product has been initially rolled out.

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What is the action plan and how do you aim to market this product going forward?

Since the launch of online trading in the month of April 09, our focus has been primarily on spreading awareness of this product among the field functionaries.

We are also pushing in aggressive marketing & promotional activities together with SMC.

With the network of 4600+ branches having 100 per cent networking of its branches under core banking solutions, we aim to reach out millions of people across the country through this gigantic network of PNB.

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Our first & foremost priority is to let the world know that PNB is offering online trading with the support of SMC’s network.

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Presently, such services are being rendered through 250 select branches.

However, a roadmap has been drawn for providing Depository & Online Services through large number of branches by the close of the current calendar year.

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The trust & impeccable brand of the bank along with SMC’s expertise should bring more constituents to avail of this unique offering.

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What is the USP of PNB Online Trading?

• It is a unique product where excellence, reach, transaction capability & trust of bank combined with domain expertise of broker in capital markets are being offered to the customers.

• Funds & securities allocation mechanism instead of transferring the funds/securities is customer friendly.:)

• Research & advisory services being provided by SMC is yet another added advantage to the customers.

• The one time account opening charges & brokerages is highly competitive.

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The birth of online trading in India dates back to year 2000, so don’t you think the market for this product has got saturated?

What future scope do you see for this industry as a whole over the coming years?

To my belief, it has matured now. 🙂

Any technology driven product takes some time in our country to get firm ground and similarly online trading also may have take some time but has established itself to a recognizable product offering.

🙂

Currently, almost all major players are offering internet based trading services in India.

Trading anywhere any time with complete transparency & instant confirmation of orders, the future growth potential seems
immense.

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With the passage of time and popularity of technology in India, online trading will become the most preferred mode of
investing money.

🙂

Given the kind of huge network that PNB enjoys and the lineage of trust it has, bank must have aimed for building a huge customer base over next few years.

What are your business goals for PNB Online Trading?

Bank itself has got a huge client base of around 4 crores loyal customers and millions are getting added to it every year, which
gives us a very wide readily available market.

🙂

We can easily look forwarded to having the patronage of existing clients and also acquiring a fairly large base of new clients.

Beyond the business goals, we aim at providing the best services to our client and to maintain their trust & satisfaction level.

I wish all the very best to PNB staff & SMC team to make it a success.

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🙂

Friends, I will keep on coming up with such new happenings news in the banking and finance industry with regular details so as to keep you readers updated.

Stay Tuned 😉

PNB – SMC ALLIANCE Launches 3-IN-1 PRODUCT [Savings-Demat-Trading] :)

13th April 2009 was a historic day for SMC, as SMC entered into a strategic alliance with Punjab National Bank, the largest nationalized bank in India, for offering Online Trading services to PNB customers pan India.

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Punjab National Bank, founded in 1895, carries a glorious history of 114 years and has a nationwide footprint of 4600+ branches, thus being present in almost every city & town across the nation.

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It is India’s largest Nationalized Bank, IInd largest Public Sector Bank & IIIrd largest among all banks in India.

PNB offers all retail and corporate banking products & services and has a huge customer base of around 4 crores.

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Further, on technology front, PNB also happens to be the only PSU bank with 100% CBS (Core Banking Solutions).

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Now you can see your most preferred & trustworthy financial advisor SMC, which is the 4th largest broking house in India (in terms of no. of terminals), at more than 8500 locations pan India (1500 SMC branches, 4600 PNB branches, 2600 PNB ATMs) and with its huge delivery channel, SMC is looking forward to meet the financial investments needs of crores of Indians.

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With the PNB-SMC alliance in place, Punjab National Bank offers a 3-in-1 online trading account comprising of PNB Savings account, PNB Demat account & SMC Online Trading account wherein all three accounts would be integrated through one trading portal itself.

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In these turbulent times when you need to take very informed and accurate decisions on your investments , PNB-SMC Online Trading is an offering to help you do so, from your own trusted & 114 years old largest nationalised Bank “Punjab National Bank” & “SMC” , your very own preferred financial advisor & India’s 4th largest brokerage house.

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PNB-SMC Online Trading provides you access to huge corporate information, latest research reports on equity, derivatives, commodities, IPOs & Mutual funds to give a much sharp edge to your investment growth.

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It bestows the power of wise investing to your finger tips and comes with some of the never before kind of features, you would simply enjoy.

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This service would be available at designated PNB branches pan India.

SMC, which provides online trading through its website www.smcindiaonline.com, will partner PNB for providing all technological support for online trading platform and the research & advisory services to the clients.

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We will come with more of info on the news, in coming blogs.

Stay Tuned. 🙂

🙂