Home / Markets / News / Consolidation among brokers: Top 10 account for 55.9% of cash turnover

Consolidation among brokers: Top 10 account for 55.9% of cash turnover

The top ten brokers accounted for 55.9 per cent of the BSE cash segment turnover as per the latest July data

Coronavirus outbreak makes the prospect of global recession unavoidable

Premium

Trading volumes and participation from retail investors has gone up during the lockdown.

3 min read Last Updated : Sep 23 2020 | 12:51 AM IST

The Covid-19 pandemic may be accelerating the process of consolidation among stockbrokers. An analysis of the data from the Securities and Exchange Board of India’s (Sebi’s) monthly bulletin shows a larger chunk of trading turnover has been coming from fewer brokers since the virus outbreak.

The top 10 brokers accounted for 44 per cent of the BSE cash segment turnover in December 2019. It has since risen to 55.9 per cent, according to the latest July data. On the National Stock Exchange, it has moved up from 40.4 per cent to 45.3 per cent. The share of the top 10 brokers

Topics : Coronavirus Sebi BSE National Stock Exchange Markets

What you get on BS Premium?

Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
Pick your 5 favourite companies, get a daily email with all news updates on them.
Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
Preferential invites to Business Standard events.
Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.

VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in