Stocks

Equity trade still dominant only in traditional cities

K. Raghavendra Rao Mumbai | Updated on November 12, 2017

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Bangalore, Hyderabad, Chennai and Pune may be home to India's nouveau riche and tech-savvy population but when it comes to investing in equity, the usual suspects Ahmedabad, Baroda, Rajkot and Jaipur, beat them hands down.

The equity-savvy cities have a BSE market share between seven and eight times the tech-savvy cities on the BSE.

The top three metros of Mumbai, Delhi and Kolkata account for 50-60 per cent of BSE's turnover in the cash segment of equity while they have 75-80 per cent share of NSE's cash volumes.

“Speculation is in their blood and they have a higher appetite for taking risk,” said a sub-broker of an Indian brokerage about investors from Gujarat and Rajasthan. “They are also very active investors in IPOs accounting for more than 50 per cent.”



Published on June 19, 2011

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