GROWW

New Reserve Bank of India rules, demanding higher collateral and significant cash for proprietary trading, are set to shake up the brokerage sector. With proprietary trading making up about 40% of F&O volumes, the impact is substantial. While larger brokers might weather the storm, the broader F&O volumes could shrink by 15-20% after April 1, 2026. This signals a tougher environment for exchanges and many broking firms, suggesting a cautious outlook for the sector as a whole.