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Millions of Indians have entered the epidemic-driven competition in trade

Inside a small photo booth in Mumbai, Umesh Khamkar checked his phone every 30 minutes. It is the owner of a small shop, but Khamkar was focused on his other lucrative business as a day laborer.

Nowadays he earns more sales on the program than with his recording machine. Khamkar, a young man in his 50s, started investing in Indian stocks after the country closed in 2020 and dropped a rabbit at a fundraising seminar on YouTube.

Influenced, she persuaded her friends to start a business venture. Its list of converts now also includes a cashier at a nearby restaurant that sells pit-stop lunch for travelers.

Khamkar is one of millions of Indians who have started selling shares since the outbreak began.

Over 50m investors have been registered with the National Stock Exchange, up from 31m two years ago. The NSE does not differentiate between businesses and individuals, but brokerage firms have also reported a number of clients.

Supported by technology and access to the cheapest data in the world, advertisers now count 45 percent Across the Indian stock market, their rise reflects the growing number of traders in the US and UK who have made meme stock mania.

“Investors have now been affected since the outbreak began,” said Rajesh Sehgal, a co-founder at Mumbai-based Equanimity Investments.

An increasing number of ordinary people investing in businesses, a risk group, has helped sell cattle to markets in India, Sehgal said. “There have been two or three shares in the market at the time, but foreign investors or retailers have started selling, retailers have been buying.”

This has helped keep Indian prices up. The Nifty 50 index of India’s largest companies has risen 25 percent so far, while Sensex of Mumbai has gained 23 percent immediately.

But with the downturn in the indices, Sehgal warned that retailers could weaken the market: “If the stock market crashes and sellers start selling, who will buy?”

Nithin Kamath, founder and CEO of Zerodha, India’s largest exporter and consumer, warned that trading was “circular, every cattle market thinks the trend has changed, but it does not. In fact, people are driven by greed.”

Zerodha’s customers have risen sharply in the last 18 to 20 months, from 2m customers to about 8m today. Kamath estimates that with 10m to 15m orders per day, Zerodha accounts for 10 to 15 percent of India’s sales.

But Kamath said the biggest change is that three-quarters of new customers are under 30 years of age. [can’t] Consider the history of the 20- to 30-year-olds who entered the major markets. . . “Traditionally, people only think of investing in the market unless they are married and have some money,” he said.

Technology has established a democracy that was once a “closed club” on trade, said Rajamani Venkataraman, chief executive officer of financial firm IIFL.

According to the Bombay Stock Exchange data, 19 percent of sales were made on mobile phones in November, compared with 3 percent five years ago.

Mobile devices have also made it possible for people living in many parts of India to gain access to markets. The NSE said in October that more than half of the new traders came from outside the 50 most populous cities in India.

While many investors are making their bets on Indian companies, some require professionals to perform them for them.

There are now about 19m Indians invested in professionally managed funds, according to Pankaj Chaudhary, the chief finance minister.

He said that by the end of October, the number of supervised supervisors had increased by 68 per cent annually.

For those who do not exercise, the risks are many. Many try to make a quick buck at low-cost but low-cost stocks, such as IT Equippp Social Impact Technologies or the telecommunications company Tata Teleservices, while others make bets that allow them to win – or lose – more money.

“Most people can’t stand it and when it goes down, it goes very wrong,” Kamath said, explaining why Zerodha does not give up.

Some show that they are careful businessmen. “There are very fast courses that seem to be happening,” said Ram Srinivasan, a bank founder who founded Chennai. It took me 10 to 15 years to learn, some of these guys are studying in a couple of years.

Khamkar, a store owner in Mumbai, has raised Rs20,000 ($ 264) which he invested in early 2020 to Rs530,000. This is the smallest amount of money in a country where Credit Suisse calculates the average person’s wealth at $ 14,000.

Khamkar said markets were down but he was not disappointed. “When the markets go down, people get scared and sell,” he said wisely. “That’s where you have to buy it.”


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