Significant growth in share trading via mobile

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MUMBAI: Indian stock markets have been witnessing a surge in the presence of retail investors for some time now and trading volume through mobile is also on the rise. In the year ended June, the turnover of the cash market on the BSE has increased by 4.11 per cent to 17.12 per cent through mobile phone transactions. This is due to the huge influx of new investors. The number of young people among the new investors has been higher.

In addition to the secondary market, the primary market is also booming at the moment, attracting young investors to the stock market, an analyst said. The attraction has also increased as such companies, which are prevalent among the youth, are entering the primary market.

Two crore new demat accounts have been opened since March 2020. The share of individual retail investors in cash market turnover on the NSE, which was 5 per cent in FY2050, increased to 9 per cent in FY201. The share of trading via mobile was 3%.

The increase in the use of smartphones in the country, lower data costs and home-based business due to Corona have also resulted in an increase in mobile trading, the analyst added.

The increase in retail trade has also been made possible by the fact that it has become possible for demat accounts and stock brokers to open accounts there. Stock brokers, on the other hand, are also investing more in technology to provide a faster service to a new generation of investors, market sources said.


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