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Brokers see mixed Dec quarter: Volatile market hurt income, say analysts

Growth of active clients has also remained weak. According to the data sourced from the NSE, the number of active clients in 2019-2020 (up to December) stood at 9.58 mn, growing at 9% from FY19.

Jash Kriplani  |  Mumbai 

Brokers have reported a mixed set of revenues in the December quarter, even as the markets saw a strong run-up, with the frontline indices Sensex and Nifty posting 6.7 and 6 per cent gains, respectively, during the period.

ICICI Securities and Geojit Financial Services saw their broking income shrink 1 per cent on a year-on-year (YoY) basis. "December was not a good month for the markets, which dented investor sentiments. Delivery volumes have remained weak for the broking industry, which has affected the income," said Satish Menon, executive director at Geojit Financial ...

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First Published: Mon, February 17 2020. 23:03 IST
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