Zerodha Facing Business Degrowth for 1st Time in 15 Years, CEO and Co-Founder Nithin Kamath Says Trading Volumes Drop 30% Amid Stock Market Crash
Zerodha is facing business degrowth for the first time in 15 years, as CEO and Co-founder Nithin Kamath reports a 30% drop in trading volumes amid the stock market crash.
New Delhi, Febrfuary 28: As the Indian stock market crashed on Friday on weak global cues, Zerodha CEO and Co-founder Nithin Kamath said they are facing business degrowth for the first time in 15 years. In a post on X social media platform, Kamath said that the number of traders and overall trading volumes have dropped significantly by more than 30 per cent.
슬롯사이트œAcross brokers, there's a more than 30 per cent drop in activity. Combined with the true-to-market circular, we are seeing degrowth in the business for the first time since we started 15 years ago,슬롯사이트� Kamath stated. He added that the drying up of volumes shows how shallow the Indian markets still are. 슬롯사이트œThe activity is more or less among those 1-2 crore Indians,슬롯사이트� Kamath wrote on X. The stock market tumbled as US President Donald Trump created a stir in the global markets with the announcement of trade tariffs.슬롯 머신 사이트 추천Ola Electric Sales: Bhavish Aggarwal슬롯사이트™s EV Firm Claims Selling 25,000 Scooters in February, VAHAN Website Shows 8,390 Registrations.
Trump confirmed that new tariffs on imports from Mexico and Canada will take effect on March 4. Apart from this, the tariff on Chinese imports is also going to be doubled to 20 per cent. According to Kamath, the decline in trading activity could impact government revenue from Securities Transaction Tax (STT).슬롯 머신 사이트 추천US-China Tariff Threat Fears: India Stocks Witness Bloodbath; Sensex, Nifty Down Nearly 2%.
He said that if the trend continues, STT collections in FY 2025-26 may fall below Rs 40,000 crore, which would be at least 50 per cent lower than the government's estimated Rs 80,000 crore. 슬롯사이트œI've no idea where the markets go from here, but I can tell you about the broking industry. We are seeing a massive drop in terms of both the number of traders and volumes,슬롯사이트� Kamath concluded. During an intra-day low, the Sensex tanked nearly 1,430 points, or 1.9 per cent, to around 73,200.
(The above story first appeared on LatestLY on Feb 28, 2025 03:55 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).