Doubled daily turnover of Indian stock markets
Mumbai: After showing strong performance in the financial year 2021, the current financial year is witnessing a significant increase in the average daily turnover in the country's stock markets. In the first six months of the current financial year, the daily turnover of the stock market has increased to Rs 4.5 lakh crore. Which is more than double that of last financial year. The daily turnover, which stood at Rs 13.5 lakh crore in FY2030, has risen by 9 per cent to Rs 4.5 lakh crore in 2031, according to the data. The rise in the stock market is due to favorable liquidity conditions at home and in international markets, optimism about the recovery in the economy, and increased participation of retail investors, according to an ICRA report. The performance of ICRA rated bank brokerages has also increased significantly. The earnings of brokerage firms have risen sharply in the last two years with the rise in trading in the stock markets. However, bank brokerages are facing comp...