Nirmal Bang Securities Pvt. Ltd.
Script error: No such module "Draft topics". Script error: No such module "AfC topic".
Nirmal Bang - A Relationship Beyond Broking[edit]
Founded in 1986 by Late Shri Nirmal M. Bang together with his brothers Mr. Dilip M. Bang and Mr. Kishore M. Bang, the Nirmal Bang Group is recognized as one of the largest retail broking houses in India, providing an array of financial products and services.
Its retail and institutional clients have access to products such as equities, derivatives, commodities, currency derivatives, mutual funds, IPOs, insurance and depository services.
The Group has a large network of B2B and B2C clients spread across the length and breadth of India.
Throughout its history, the company has fostered one overriding purpose - to provide each client with personal service and quality work. By adhering to this principle, the company have grown to become a successful and well-respected firm of highly qualified professionals.
The Nirmal Bang Group is currently headed by Mr. Dilip M. Bang and Mr. Kishore M. Bang who bring forward industry expertise, insight and most importantly, create an environment of unmatched commitment to clients.
Nirmal Bang is a registered member of the National Stock Exchange of India Limited (NSE), Bombay Stock Exchange Limited (BSE), Metropolitan Stock Exchange of India Limited (MSEI), Multi Commodity Exchange of India Limited (MCX), National Commodity & Derivatives Exchange Limited (NCDEX), National Commodity & Derivatives Exchange Limited (NCDEX) Spot Exchange and Indian Commodity Exchange Limited (ICEX).
The Group is also a depository participant of NSDL, CDSL and Comtrack. It is a repository participant of CDSL Commodity Repository Limited (CCRL) and National E-Repository Limited (NERL).
Nirmal Bang is a licensed distributor and holds memberships of Association of Mutual Funds in India (AMFI) for mutual funds, Insurance Regulatory and Development Authority (IRDA) for insurance broking, Pension Fund Regulatory and Development Authority (PFRDA) for National Pension Scheme (NPS).
Nirmal Bang is registered with Securities and Exchange Board of India (SEBI) as Research Analysts as well as holds licenses for Portfolio Management Services (PMS) and Alternative Investment Fund (AIF). It is a RBI-registered Non-Banking Financial Company (NBFC) too.
History Of Nirmal Bang[edit]
From an open outcry system of stock trading on the floors of the Bombay Stock Exchange, the Nirmal Bang Group has grown in leaps and bounds since its inception in 1986 by Late Shri Nirmal M. Bang along with his brothers Mr. Dilip M. Bang and Mr. Kishore M. Bang.
Nirmal Bang started out as a stock broking company and later began offering financial services in products such as commodities, derivatives, currencies. Along the way, the branched into a third party distributor of products like mutual funds and insurance. Nirmal Bang has an NBFC vertical too.
Products & Services[edit]
Using up-to-date technology and resources, Nirmal Bang serves individuals, businesses, corporates and institutions with a range of financial products to enable the fulfilment of each client’s vision.
The company’s portfolio of services includes:
- A robust trading platform for equities, equity derivatives, SLBM and currency derivatives on NSE, BSE and MSEI.
- Depository services of NSDL, CDSL as well as COMTRACK; Repository services of CDSL Commodity Repository Limited (CCRL) and National E-Repository Limited (NERL).
- Commodity trading on NCDEX, MCX and ICEX Investment and trading advisory services based on fundamental, technical and market research.
- Third Party Products like Insurance, Mutual Funds, National Pension System (NPS) Alternative Investment Funds (AIFs), Portfolio Management Services (PMS), Sovereign Gold Bonds (SGBs), Bonds/Non-Convertible Debentures (NCDs) and Corporate Fixed Deposits (FDs) are also offered by Nirmal Bang.
- ‘Beyond Market’, a financial magazine that provides readers with insightful articles and in-depth news stories. It offers useful tips on investing apart from capturing current trends in the market and latest developments in the economy. It is available on the company website and is also sent to subscribers.
Nirmal Bang offers Investorial – a magazine and a web page dedicated wholly to mutual funds aimed at educating and empowering mutual fund distributors.
The term investor education has taken on a whole new meaning at Nirmal Bang with the company organizing camps across the country to educate individuals about various investment avenues available to them.
- ODIN - Dealer/ Trader, an exe-based desktop software, offers a faster trading experience to active traders who transact frequently. It allows them to monitor markets by creating customizable ‘market watch’ in the trading terminal. It also offers access to real-time advanced charts with technical analysis and in-depth market history to help back test investment strategies. Besides, the software also offers flexibility to traders/ dealers to build their own options strategies with query-based functions apart from providing them with contract information and options strategies to simplify derivatives trading as well as advanced intraday and historic charting capabilities with multiple indicators.
- ODIN- A browser-based trading platform, ODIN is a simple yet comprehensive web-based application, which enables users to track markets, and trade online in equities, commodities and currencies. Nirmal Bang clients can access research, demat holdings, back office reports, transaction reports and view online portfolios, transfer funds, get quotes as well as historic and intraday charts with multiple indicators.
- Beyond – Mobile app, a trading facility, offers fungible limits across all segments, real-time updates and access to trade books and order books. This multi-lingual app provides access to global indices and facilitates trading in multiple asset classes. Since it is a fast and easy mobile-based trading tool, users get live market data, quotes on stocks, status of orders, trades and positions, demat holdings, intraday and historic charts, back office reports, fund transfers, news and research, scanners and analytics, mutual fund holdings, IPO watch and FII/ DII activities, among others.
- Beyond – ALGO, a comprehensive trading platform, designs, tests, deploys, executes and monitors fully automated trading or execution algorithm-based trades. It provides a framework to deploy algorithm-based trades with live market data and paper trading.
- E-KYC – An electronic process of maintaining Know Your Customer (KYC) details, Nirmal Bang verifies all proofs online with Database Authorities. Through E-KYC,the company ensures smooth running of operations and eliminates the risk of fraudulent activities.
Leadership Team[edit]
Nirmal Bang’s team of professionals consists of individuals with a significant experience in securities trading, market structure, trading technology and portfolio management. They have strong experience in trade execution and understanding of order flow dynamics.
This combined with technical analysis of market momentum, helps clients determine the price at which they should buy and/or sell. At Nirmal Bang, each and every professional is focused on turning the initial trade or investment into a collaborative, person-to-person relationship that keeps delivering true added value.
Nirmal Bang emphasizes on adequate, thorough research on local and world-wide developments, and balances these with the astute discovery of intrinsic values, synergies and growth. The aim is simply to help investors maximize their returns.
Nirmal Bang’s senior management team has deep expertise and experience in managing the company through business, economic and technological cycles, as well as strong skills in establishing and developing lasting client relationships.
Mr.Dilip M. Bang and Mr. Kishore M. Bang head the Nirmal Bang Group at present.
Awards & Accolades[edit]
| Awarded By | Category | Date |
| CHRO ASIA | Sustainable HR Leaders Awards | 2020 |
| Mcx Award 2019 | Broking House-Base Metals | 2019 |
| BSE Premier League | Championship | 2019 |
| MCX Premier League | Winning Team | 2019 |
| MCX Award | Broking House-Base Metals | 2018 |
| MCX | Winners | 2018 |
| Assocham Excellence Award | Commodity Broker of the Year | 2018 |
| MCXCCL(Multi Commodity Exchange Clearing Corporation Ltd.) | Commodity Derivaties Market | 2018 |
| ASSOCHAM Excellence Award | Best Financial Service Provider | 2017 |
| Reliance Mutual Fund | Recognition and sincere Appreciation of your valuable contribution towards success of CPSE ETF FFO | 2017 |
| BSE CEO | CEO Award for Commdity Broker | 2017 |
| BSE CEO | CEO Award for Best Equity Research House | 2017 |
| BSE Sensex Cup | Winner | 2017 |
| Advisory India | 1st Runner-Up Intraday Equity | 2017 |
| CHRO ASIA | Most Influential HR Leaders In India | 2017 |
| Assocham Excellence Award | Best Financial Service Provider | 2017 |
| Assocham Excellence Award | Best Financial Service Provider | 2017 |
| CHRO ASIA | Most Influential 100 Global HR | 2016 |
| NSDL Star Performer Award | Leader in Go Green Initiative-3rd Position | 2016 |
| Assocham excellence Award | Best Marketing Research in Bullion Industry | 2016 |
| Assocham Excellence award | Commodity Broker of the Year | 2016 |
| Assocham Excellence Award | Commodity Broker of the year | 2016 |
| Goregaon Sports Club | Premier League | 2015-2016 |
| Research bytes.com | Winner Technology & Media | 2015 |
| NSE | The NIFTY 50 Index Derivative Contract the World's Largest Traded Index Options Contract | 2015 |
| NSDL Technology, Trust & Reach | Cricket Extravaganza Runner Up | 2015 |
| NSDL Star Performer Award | Top performer in Active Accounts(Big DPs) | 2014 |
| Research bytes IC Award | Best Research as Research showcase Partner at Researchbytes | 2014 |
| BFSI Vision CSR Award | Editors Choice Award of Excellence for Contribution to Society | 2014 |
| NSE | CII-EXIM Bank Award For Business Excellence Prize | 2014 |
| NSDL Star Performer Award | Top performer in Active Accounts(Big DPs) | 2014 |
| Research bytes IC Award 2014 | Best Research as Research showcase Partner at Researchbytes | 2013-2014 |
| NSDL Star Performer Award | Top Performer in Active Accounts | 2013 |
| MCX Financial Ledership | Best Emerging Commodity Broker | 2012 |
| Kotak You & I Excellence Awards | Highest Over All AUM | 2012 |
| Kotak You & I Excellence Awards | Highest Debt AUM | 2012 |
| Zee Business | India's Best Market Analyst-Commodity Fundamentals | 2011 |
References[edit]
- CRISIL’s rating rationale on Nirmal Bang Securities Pvt Ltd.[1]
- CNBC-TV18 discusses the current trend in commodities markets with Nirmal Bang’s Head of Commodity Research, Mr. Kunal Shah[2]
- In an interview with CNBC-TV18, Rahul Arora, CEO of Nirmal Bang Institutional Equities said, “Don't try to catch Nifty bottom; wait for rebound.”[3]
- Industry experts opined: “Expect more correction in Gold, ahead of the US Fed meet.”[4]
- Gold prices can go up by Rs 10,000 in the next 2 years due to the Russia-Ukraine war, say industry experts.[5]
- As geopolitical tensions and input costs rise, cement stocks have been in focus. Know more about the impact on the cement sector in an interview with Nirmal Bang on CNBC-TV18.[6]
- Gold prices are expected to reach Rs 55,000 this year, say commodity experts.[7]
- “The new norms will hurt both traders and brokers as leverage will eventually fall to zero.” To read more[8]
- ↑ Ratings, CRISIL (5 April 2021). "Rating Rationale by CRISIL of Nirmal Bang Securities Pvt Ltd". CRISIL.
- ↑ TV18, CNBC (16 March 2022). "Outlook on crude oil still bearish; bullish on aluminium: Mr. Kunal Shah, Head- Commodities, Nirmal Bang". CNBC-TV18.
- ↑ Shenoy, Sonia (28 February 2022). "Nirmal Bang: Don't try to catch Nifty bottom; wait for rebound". CNBC-TV18.
- ↑ WebDesk, ZeeBiz (16 March 2022). "Expect more correction in Gold, ahead of the US Fed meeting later today, say experts; know trading strategy". Zee Business.
- ↑ Kaushal, Teena Jain (24 February 2022). "Russia-Ukraine war: Gold prices can go up by Rs 10,000 in the next 2 years". BusinessToday.In.
- ↑ Shenoy, Sonia (4 March 2022). "Nirmal Bang sees moderate demand in cement, scope for further improvement". CNBC-TV18.
- ↑ TV18, CNBC (25 February 2022). "Gold prices expected to reach Rs 55,000 this year, say experts". CNBC-TV18.
- ↑ Shah, Palak (27 July 2020). "'The business model of stock brokers is up for a toss'". The Hindu Business Line.
This article "Nirmal Bang Securities Pvt. Ltd." is from Wikipedia. The list of its authors can be seen in its historical and/or the page Edithistory:Nirmal Bang Securities Pvt. Ltd.. Articles copied from Draft Namespace on Wikipedia could be seen on the Draft Namespace of Wikipedia and not main one.
