New account additions remained relatively stable at 3.1 million, consistent with the average monthly addition rate seen throughout fiscal 2024.
Average monthly additions stood at 3.1 million in FY24.
CDSL has demonstrated gains both in terms of overall market share and on a monthly basis, Motilal Oswal said.
On the other hand, NSDL lost 400/470 bps of market share in total/incremental demat accounts on a year-on-year (YoY) basis.
Focusing more on brokerage activities, the National Stock Exchange (NSE) recorded a 2.6% monthly increase in the number of active customers, reaching a total of 41.8 million in April 2024.
The top five discount brokers now hold 63.9% of NSE’s total active clients.
Among the leading brokerages, Zerodha reported a slight increase in the number of clients, but saw a slight decline in its market share.
Meanwhile, Groww, Angel One and Upstox saw growth in customers and market share.
In the traditional brokerage segment, ICICI Securities and IIFL Securities recorded slight increases in the number of clients, despite fluctuations in their market share, reflecting the dynamic nature of the market.
When it comes to derivatives trading, the Bombay Stock Exchange (BSE) witnessed mixed trends, with a slight decline in total average daily turnover (ADTO) attributed to a slight decrease in ADTO F&O (Futures and Options). ), countered by an increase in cash ADTO. .
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