Kolkata, March 22 (IANS) Backed by a steep rise in online share trading among young investors, India’s online stock trading industry is growing by a whopping 150 percent year-on-year, according to an Assocham survey.
In the countrywide survey, conducted by the Associated Chambers of Commerce and Industry of India (Assocham), it was revealed that the value of all trades executed through internet had grown more than ten times in two years.
The survey, which was published Friday, revealed that “young generation is very analytical, quick and responsive to the every changing market scenario”.
“Online share trading has become a major fascination by large number of young energetic and intelligent population mostly professionals or unprofessional and employed or unemployed,” said Assocham secretary general D.S. Rawat.
In the survey it was found that majority of young investors (64 percent) like to trade in futures and options, a release said here.
“The emerging scenario makes it necessary for the broking companies to identify investor’s perception of level service quality, which strongly influences the investor’s behavioural intentions,” Rawat added.