Polling began on Saturday morning for 13 Lok Sabha constituencies in Punjab and the lone Chandigarh seat in the seventh and final phase of parliamentary.
The broking industry is expected to achieve all-time high revenues and net profits in FY24, driven by a revival in investor sentiment, according to a report by rating agency ICRA.
NSE data reveal that brokerage firms, including ICICI Securities, HDFC Securities, Axis Securities, Sharekhan, IIFL Securities, Nuvama, and Geojit, among others, have observed a decline in the number of active clients.
With stringent rules on IPO financing put in place by the Reserve Bank of India (RBI) and the Securities and Exchange Board of India (Sebi), these lenders are keeping market borrowings at a bare minimum.
The initial public offering (IPO) market is red hot, with five issues worth ₹7,400 crore opening for subscription this week, but enthusiasm is muted among finance companies that have historically lent to bidders in such share sales.