The securities analysis industry and brokerages and have benefited from the bull-run. Daily trading volumes have doubled, and retail interest has grown, with over 1 million new demat accounts added every month according to ICRA.
The equity markets clocked an aggregate turnover of Rs 4,222 trillion between April-December 2020, year-on-year (y-o-y) growth of 66 per cent. Average daily turnovers increased to Rs 22.46 trillion, from Rs 13.89 trillion in April-Dec 2019. Brokerage revenues have grown from an estimated Rs 13,500 crore in 2015-16 to Rs 19,500 crore in 2018-19 and to ...
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