Gold Silver Reports (GSR) – Indian Stock Market Is Driven By Traders From One City – A record number of Indians now have demat accounts but India remains a traders’ stock market driven by one city: Mumbai.
The nation’s financial capital consolidated its hold on the stock market trading, according to data from the regulator’s Handbook of Statistics 2017. The city’s share in turnover has grown for BSE Ltd., bringing it on a par with that of the National Stock Exchange, India’s largest bourse. Top six cities now account for over 71 percent of BSE and 84.5 percent of the NSE’s turnover.
