Lower Cash Market Trunover

Mumbai: Broking companies’ bottom lines are suffering as a result of the bourses’ declining turnover, particularly in the cash market segment. In seven out of the nine broking firms that have released September 2022 quarter results, net profits have decreased. Market participants see an improvement in the situation in the upcoming quarters.

The profits of ICICI Securities NSE -0.07%, LKP Securities, HDFC Securities NSE -1.52%, and IIFL Securities NSE -0.22% have all significantly decreased from the same period last year. Axis Securities, Motilal Oswal, and Kotak Securities have.