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Zerodha News: The decline in the stock market has started affecting the business of brokerage and trading platform companies. Jirodha CEO and co-founder Nitin Kamat said that for the first time in 15 years, his business has seen a decline. On the social media platform X, Kamat said that the number of traders and the total trading volume has seen a decline of more than 30 percent.
According to Nitin Kamat, trading activity has seen a decline of more than 30 percent on the platforms of all brokers. He said that since the introduction of business 15 years ago, there has been a decline in business for the first time. The world markets have been seeing a decline since the announcement of US President Donald Trump’s tariff. Trump said that tariffs on goods coming from Mexico and Canada would be effective from March 4. Apart from this, tariffs on sugar imports have been doubled to 20 percent.
According to Nitin Kamat, the decline in trading activities can affect the government’s income from Security Transaction Tax (STT). He said that if this trend continues, then the STT collection for FY 2025-26 can remain below Rs 40,000 crore, which is estimated to be 50 percent less than the government’s estimate of Rs 80,000 crore. Kamat said that he has no idea where the market will go from here, but I can tell about the broking industry. We are seeing a big fall in both traders and volumes.
The markets are finally correcting. Given that markets swing between extremes, they can fall more just like they rose to the peak.
I’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… pic.twitter.com/wHO6hSRdbA
– Nithin Kamath (@ nithin0dha) February 28, 2025
At the end of the 28 February trading, the Sensex fell 1,414.33 points or 1.90 percent to 73,198 and the Nifty was 420.35 points or 1.86 percent to 22,124. The market performance in February has been very weak. Out of 500, 450 Nifty shares are closed in red mark. During this period, the Nifty has fallen by 5.89 percent and the Sensex has fallen by 5.55 percent.
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