Rating agency ICRA has revised the Indian brokerage industry’s outlook to ‘stable’ from ‘negative’ on the back of improved equity cash volumes and broader based retail participation showing signs of revival among other reasons.
“Equity cash volumes have shown signs of improvement in third quarter of FY12-13 and beyond. Broader based retail participation is showing early signs of returning to the markets. The cash volumes recorded for the month of January 2013 were the highest since February 2012.“Equity options, largely understood to be the forte of the more savvy institutional investors are attracting a steady trickle of the higher end retail investors,” said the report.

Source - http://www.thehindubusinessline.com