In a social media post on Monday, Nithin Kamath, the co-founder and CEO of discount broking firm Zerodha, stated that nearly 80% of equity delivery trades take place in Mumbai and Ahmedabad, two business-centric cities in India.

In Mumbai and Ahmedabad, 80 pe cent of equity delivery trades take place. Give it some thought. In a post on the social media site X, formerly known as Twitter, Nithin Kamath stated, “Gujjus is basically the one with the real money.’

The Gujjus, as Gujaratis are called, and renowned for their sound financial standing and business sense.

The financial capital of India, Mumbai, was responsible for 27.02 per cent of the BSE’s total cash trade turnover.

Buying or selling stocks with cash money is known as a cash trade. Here, investors receive the securities in their demat account.

Meanwhile, second in command was Ahmedabad, one of Gujarat’s most notable cities. According to the data, Ahmedabad was responsible for 17.53 per cent of the NSE’s overall cash trade turnover. On the BSE, it was 27.31 per cent.

Mumbai and Ahmadabad total cash turnover

Together, Mumbai and Ahmedabad were responsible for almost 82 per cent of the NSE’s total cash trade turnover. On the BSE, the two cities held a 44.55 percent share.

Additionally, Kamath noted that Gujarat only makes up 8 per cent of all registered investors, despite Ahmedabad’s impressive share. Kamath joked that this market share has also been declining.

Top states behind mumbai and ahmadabad

By the end of November 2024, there were 107 million registered investors on the exchange, according to data from the NSE.

Maharashtra accounted for 16.5 per cent (17.7 million) of all investors in the state. Gujarat (9.5 million), West Bengal (6.2 million), Rajasthan (6.1 million), and Uttar Pradesh (12.1 million investors) came next.

Bengaluru, on the other hand, had the largest share of delivery-based trades on the NSE (3.97 per cent), followed by Ahmedabad and Mumbai. With delivery-based trades accounting for 2.5 per cent of all cash trade turnover, Kolkata was the third-largest city on the BSE.


Rahul Dev

Cricket Jounralist at Newsdesk

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