Ahmedabad and Mumbai account for a staggering 80% of equity delivery trades, showcasing their dominance in India’s financial markets. According to Zerodha co-founder Nithin Kamath, this highlights how “the real money is with Gujjus.” Interestingly, Gujarat contributes just 8% of the total registered investors in the country, a share that has been declining over the years.
Ahmedabad and Mumbai account for 80% of equity delivery trades. Let that sink in. Essentially, the real money is with Gujjus 😬
Btw, Gujarat accounts for just 8% of the total registered investors, and the share has been falling. pic.twitter.com/yljNeW8xfN
— Nithin Kamath (@Nithin0dha) January 6, 2025
The state’s percentage of registered investors has fallen despite its robust presence in the trading space. The decline raises questions about how Gujarat can balance its influence in the trading ecosystem with broader retail participation.
Market Performance: Sensex Tanks Over 1,200 Points
India’s equity markets witnessed a sharp sell-off today, with the Sensex plummeting by 1,209.55 points or 1.53%, closing at 78,013.56. The Nifty also shed 372.65 points or 1.55%, dipping below the critical 23,650 mark to settle at 23,632.10.
- Advances vs. Declines: Out of total traded shares, only 530 advanced, while a significant 3,047 declined, and 82 remained unchanged, reflecting widespread market weakness.
- Sectoral Impact: The steep correction affected multiple indices, as concerns over global economic cues and local factors weighed on investor sentiment.
