Economic TimesLean R·
Broker earnings stay under pressure in Q1 as derivatives trading slows
Mumbai: Earnings of most listed brokers remained under pressure in the June quarter as trading activity in equity derivatives slowed and the rally in gold and silver seen in the January-March quarter reversed, weighing on revenue growth.Among listed brokers, standalone revenue IIFL Capital Services rose 3% in the June quarter from the January-March period. In the case of Billionbrains Garage Ventures (Groww), Angel One and Anand Rathi Share & Stock Brokers, revenue declined 1-4%. In contras…
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