Nextbillion Technology (Groww), the venture capital-backed broking platform, has dislodged Zerodha Broking as India's largest brokerage in terms of number of active clients. Groww had 6.63 million active clients at the end of September, as against Zerodha's 6.48 million, ending the latter's long run at the top. AngelOne and RKSV Securities (Upstox) were ranked third and fourth with 4.86 million and 2.19 million active clients, according to data available on the National Stock Exchange (NSE).
The equity cult has grown at a rapid pace in India in the last few years, with retail investors latching on to the stock markets like never before. At 126.6 million, the number of dematerialised (demat) accounts, where investors hold their securities in electronic form for trading purposes, are at record high levels. The growth rate, on an annualised basis, stood at 27 per cent in 2022-2023, up from barely 6 per cent a decade ago.
The market share of discount brokers - such as Zerodha, Groww, Upstox, and Angel One - has grown fivefold in five financial years, with more than half of the National Stock Exchange's (NSE's) active client trading coming through them, reveals a report by CLSA. For the first 11 months of 2022-23, discount brokers held sway over 57 per cent of active clients, up from 11 per cent in 2017-18. Moreover, the number of active clients on the NSE with discount brokers has grown from just 1 million to 19 million during this period. Active traders are those who have traded at least once in 12 months.
Girona reclaimed top spot in LaLiga after beating champions Barcelona 4-2
'I think some of us, like Mukesh Ambani, myself and those of us who head industrial units, ought to really focus on what we can really do to make the world a safer place, maybe 50 or 100 years from now.' 'For instance, how can we deal with climate change and global warming, right now?' 'The effects of it may not be felt now; in fact, we may pay a price for it today, but it will help the generations to follow.'
Another gold medal in Paris would further elevate Neeraj Chopra's status as the greatest ever athlete in the history of Indian sport.
The legendary athlete marked a major feat in her career with a simply worded tweet and a photograph.
As share of cash volumes in trading mix sees decline, it will result in moderation of profitability from core broking operations.
Sensex opened at 25,817 levels, 47 points down.
Inter Milan captain Lautaro Martinez struck a last-gasp goal to snatch a dramatic 1-0 win over 10-man Napoli as they claimed their third successive Italian Super Cup title on Monday.
A brilliant performance from Angel Di Maria spurred Argentina to a crushing 4-2 friendly win over world champions Germany on Wednesday in an entertaining rematch of July's World Cup final.
Usha, who missed an Olympic medal by 1/100th of a second at the 1984 Olympics in Los Angeles, was nominated to the Upper House on July 6, days after she turned 58 on June 27.
Premier bourse BSE has added 1 crore registered investor accounts to its platform between June 6 and September 21, taking the total to over 8 crore in a span of just 107 days. On June 6 this year, the exchange had said its registered user base has crossed the 7 crore (70 million) mark, which was an addition of 2 crore registered investor accounts in a little over 12 months (from May 23, 2020). Commenting on the achievement of crossing the 8 crore registered investor accounts on Tuesday, BSE MD and CEO Ashishkumar Chauhan said equity investments, whether directly or through mutual funds, are gaining ground over last one-and-a-half years due to variety of reasons globally, and the domestic market is also following this world trend.
IIM Lucknow has concluded its 2020-21 final placements.
The so-called high networth individual portion saw 620x more demand than shares on offer.
Every time she takes to the stage, the actress has a bold message to share.
He then broke into a riff on the Carpenters hit song Top Of The World and sang, 'There was only one wish on my mind... RRR has to win, pride of every Indian... and must put me on the top of the world.'
Summary of the Europa League semi-final matches played on Thursday.
'Small investors usually rely on tips or recommendations from a friend for stock picking.' 'These platforms offer them unbiased research for making their investment decisions.'
Brazil lived up to expectations by smashing Bolivia 5-1 at home in their 2026 World Cup qualifiers opener on Friday.
The partially convertible rupee closed at 60.30/31 per dollar compared with 60.28/29 on Friday.
History was made at the Los Angeles Lakers-Oklahoma City Thunder game at the Crypto.com Arena in Los Angeles, February 7, 2023
Amazon Prime Video has announced a huge number of assorted Web series and movies, and the slate sure looks interesting.
India's Parul Chaudhary smashed the national record at the Sound Running meet in Los Angeles as she became the first athlete from the country to clock a sub-nine minute time in the women's 3000m event.
Shares of Ranbaxy Laboratories on Friday slumped as much as 20 per cent in the morning trade after the USFDA prohibited the company from producing and distributing drugs for the American market from its Toansa plant in Punjab.
Want to buy the Millionaire Speedy? Well, you probably can't, because it's MTO -- meaning 'made-to-order' and is specifically for extraordinarily special VIP LV clients, says Sandeep Goyal.
'Family, friends, far off relatives, almost everyone has been impacted by nature's fury.'
Jio is planning to win over 350 million 2G feature phone users by launching a smartphone at a fraction of the current cost.
Recovery in bluechips and gains in European markets helped the rally.
A day after the Union Cabinet paved the way for the government reducing its stakes in Oil and Natural Gas Corporation (ONGC), Coal India Ltd (CIL) and NHPC, the shares of these companies fell 3.4-5.2 per cent on bourses.
Eight years is a long time in the life of an athlete. But just like Messi, Di Maria has preserved and persisted towards his childhood dream, points out Deepti Patwardhan.
About Rs 4,257 crore worth of bids have been received so far and the Centre hopes that retail investors - those investing up to Rs 2 lakh - will place bids worth at least Rs 750 crore.
Beatrice Chepkoech of Kenya, the 3,000 metres steeplechase world champion in 2019, passed this season's world leader Sembo Almayew of Ethiopia with a lap remaining to win in 9:05.98.
Within the next 3 months, most brokers will enable you to intelligently invest via mobiles in MFs, FDs, and IPOs.
Shares of small-cap companies have been on a roll with the S&P BSE Small-Cap index hitting a new high in intra-day deals on Thursday. The rally has been fueled by an up move in stocks of chemicals, cement, graphite electrode makers, pharmaceuticals and information technology (IT) shares. In the past two weeks, since March 25, the index has outperformed the market by gaining 7.3 per cent. In comparison, the S&P BSE Midcap index was up 6.1 per cent, while the S&P BSE Sensex gained 3.6 per cent during the same period.
Leaders Barcelona played out a second straight 0-0 draw in LaLiga after mid-table Getafe battled for a home point in a hard-fought game on Sunday.
Analysts attribute this volatility to selling by FPIs and FIIs.
FDA allows Teva to launch Nexium generic; Cipla, which supplies formulation, to gain
According to experts, the Nifty has continued to form lower top-lower bottom formations, a trend seen in the last five weeks, and witnessed sharp selling towards 9,700 zones.
HCL Technologies today reported a 58.4 per cent rise in consolidated net profit at Rs 1,496 crore (Rs 14.96 billion) for the second quarter ended December 31, 2013, on the back of growth in manufacturing and infrastructure services.
