Retail investor activity declined across India’s top trading hubs in January 2025, though Mumbai (Rs 1.7 lakh crore, 11.4% share) and Delhi (Rs 1.5 lakh crore, 10.1% share) led in turnover. Bengaluru and Ahmedabad followed with Rs 0.6 lakh crore (3.8%) and Rs 0.5 lakh crore (3.5%), respectively. Every major city saw a decline, with Jaipur (-19.4%) and Ahmedabad (-12.3%) hit the hardest.
Retail Investor Activity Drops in January 2025; Mumbai & Delhi Lead Despite Slowdown


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