Shares of India’s capital market stocks, Nuvama Wealth Management Ltd., Angel One Ltd., BSE Ltd., CDSL Ltd. declined up to 8% on Friday, July 4, after the market regulator Securities and Exchange Board of India (SEBI) barred US-based trading firm Jane Street, from accessing the capital markets for alleged market manipulation.While shares of BSE and CDSL saw some recovery from opening lows, that recovery has been sold into. Angel One are down 6%, and those of Nuvama Wealth are down 8%. Angel One is also reacting to its quarterly business update. Shares of BSE are now down 5%, while CDSL shares have declined over 3%.
SEBI order said that the ₹4,843 crore worth of unlawful gains will be impounded.In its business update for the month of June, Angel One’s gross client acquisition fell 41% from last year to 0.55 million, while client base grew by 31.3% year-on-year. On a month-on-month basis, client base went up by 1.6%.
Number of orders on the platform fell 5.4% from last month and 31% from last year to 114.95 million, while average daily orders fell 5.4% from last month and 38% year-on-year to 5.47 million.
Shares of Nuvama Wealth are down 8% at ₹7,531, while those of Angel One are down 6% at ₹2,773.
Shares of BSE are down 6% at ₹2,644, while those of CDSL are down 4% to trade at ₹1,737.
First Published: Jul 4, 2025 9:57 AM IS
