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Zerodha, India's leading brokerage, faces first decline in 15 years due to 30% drop in trading volumes.
Indian brokerage firm Zerodha is experiencing its first business decline in 15 years due to a 30% drop in trading volumes, linked to a market correction.
This downturn could halve the government's Securities Transaction Tax (STT) revenue to Rs 40,000 crore in the next fiscal year.
The drop in trading activity, affecting 1-2 crore Indians, aligns with the Nifty's longest losing streak since 1996, impacted by global economic issues and foreign investor selling.
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Zerodha, el principal corredor de bolsa de la India, se enfrenta a la primera disminución en 15 años debido a una caída del 30% en los volúmenes de trading.