The Indian stock market continues to decline. Its effect is now being seen on shares of brokerage and exchange platforms. Brokerage platform Angel One shares on Monday made an intraday low of Rs 1,952.25 with a decline of 10 percent. However, it later recovered recovery and currently the stock fell 7.5 percent to Rs 2,005. Angel One’s stock has fallen more than 11 percent in the last one week.
The share of other brokerage house Motilal Oswal Financial Services is also in the red mark. The shares fell by 2.5 percent to Rs 573 in the afternoon. This stock has slipped about 6 percent in the last one week. The shares of Bombay Stock Exchange (BSE) have also declined a major decline. The stock was 5.68 percent to Rs 4,368.45 at Rs 4,368.45 in the afternoon. The BSE stock has fallen by more than 21 percent in the last one week.
Apart from this, shares like CAMS and CDSL have declined by 9 percent in the last one week. The reason for this decline is believed to be the decrease in the volume of the stock market. Recently, Nitin Kamat, CEO and co-founder of Jirodha, the country’s big brokerage firm, had said that his business has seen a decline for the first time in 15 years.
On the social media platform X, Kamat said that the number of traders on the platforms of all brokers and the total trading volume has seen a decline of more than 30 percent. He further said that if this trend continues, the STT collection for FY 2025-26 can remain below Rs 40,000 crore, which is 50 percent less than the government’s estimate of Rs 80,000 crore.
