Create markets-are-correcting.md

Author: Shruthi1204

content/blog/markets-are-correcting.md

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+---
+date: '2025-02-28'
+title: Markets are correcting 
+tags: [markets,trading]
+author: nithin
+link: https://x.com/Nithin0dha/status/1895399305646575701
+post_type: tweet
+description: I've no idea where the markets go from...
+
+---
+
+The markets are finally correcting. Given that markets swing between extremes, they can fall more just like they rose to the peak.
+
+I've no idea where the markets go from here, but I can tell you about the broking industry. We are seeing a massive drop in terms of both the number of traders and volumes.
+
+Here is the trading volume chart. Across brokers, there's a more than 30% drop in activity. Combined with the true-to-market circular, we are seeing degrowth in the business for the first time since we started 15 years ago. 
+
+This drying up of volumes shows how shallow the Indian markets still are. The activity is more or less among those 1-2 crore Indians.
+
+By the way, if this continues, the government will not make even Rs 40000 cr from STT in FY 25/26, at least 50% below the Rs 80,000 cr estimate.