Most listed brokers reported earnings pressure during the June quarter. Equity derivatives trading slowed while gold and silver rallies reversed.
Investor participation stayed healthy despite volatile trading volumes. Motilal Oswal Financial Services recorded an eighty-eight percent revenue increase in the period.
Angel One and Anand Rathi Share & Stock Brokers posted declines in profits. The results reflect broader challenges for listed brokers in the quarter.
India's listed brokers and exchanges posted strong results for the March quarter. Growth came from higher margin trading and increased market activity.
Reported by AI
Motilal Oswal Financial Services posted higher quarterly earnings but its stock price dropped 7 percent. The company reported a consolidated net profit of Rs 1,273 crore for Q1 FY27.
Foreign investors continued to sell Indian financial stocks in the first half of May, pulling out ₹17,960 crore. The moves reflect worries about tighter banking margins and reduced attractiveness versus other emerging markets.
Reported by AI
Indian stock markets closed slightly higher on Thursday, extending gains for a third consecutive week as crude oil prices eased.