Zerodha CEO and Co-founder Nithin Kamath said they are facing business degrowth for the first time in 15 years. He said that the number of traders and overall trading volumes have dropped significantly by more than 30 per cent. The decline in trading activity could impact government revenue from Securities Transaction Tax (STT) If the trend continues, STT collections in FY 2025-26 may fall below Rs 40,000 crore, which would be at least 50 per cent lower than the government’s estimated Rs 80,000crore. The stock market tumbled as US President Donald Trump created a stir in the global markets with the announcement of trade tariffs. The Sensex tanked nearly 1,430 points, or 1.9 per cent, to around 73,200. During an intra-day low, the Sensex was down 1.4 per cent to 73,000. The Nifty 50 index was down 0.7 per cent on Friday to 6,816.
