NEW DELHI : At a time when traditional brokers are struggling to continue their services due to nationwide lockdown to curb the spread of coronavirus pandemic, online brokerages, including Upstox, 5paisa.com and Angel Broking, have seen a spurt in business.
The current crisis seems to be a blessing in disguise for these brokerages, as their number of clients as well as orders increased in March.
Moreover, there has been a significant increase in trading volumes and demand for opening new accounts as well. "Currently our entire operations is being carried out smoothly without any hindrance.
As 99.9 per cent of our turnover happens online there is hardly any impact on our business. Actually with markets being volatile client activity has