Announced Tue, 4 Aug · 18:36 IST
Steel City Securities gets Market Maker approval from NSE and BSE
STEELCITY · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
-2.5%1-day move
₹86.86
prior close
₹86.52
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-1.2-0.7-0.5-1.1-2.5-3.2-4.7-6.6-8.5-3.9————
Up moveDown movePending
AI summary
Steel City Securities has received approvals from NSE and BSE to act as a Market Maker in the SME Segment of both exchanges. Market Making is added as a new business line, allowing the company to support liquidity in eligible SME-listed securities, subject to exchange rules and SEBI norms. The company will start Market Making once operational and regulatory requirements are fulfilled. This broadens its service offering beyond broking and depository services.
Likely market impact
Positive for shareholders as it adds a new revenue line in market making, supporting long-term business growth and service diversification.