India’s stock market downturn has severely impacted the broking industry, with trading volumes and investor confidence plummeting. Zerodha’s Nithin Kamath noted the business is experiencing de-growth for the first time, as investors adopt a cautious, wait-and-watch approach.
Kaynes shares plunge 43% from October peak. Is a tactical rebound on the cards or more pain ahead?
Kaynes has plunged 43.5% from its October peak, with Friday’s 12.5% drop marking the steepest single-day decline. Momentum indicators remain bearish, signaling a risk of