BSE cash market trades on mobiles up 11x on wider access, cheap data

The proportion of the cash market turnover attributable to mobile phones is up almost 11x in the past five years. The rise has come on the back of higher smartphone penetration, lower data charges, and booming equity markets.

The share of cash market trades carried out on mobile phones was 1.5 per cent in January 2016 on the BSE. It rose to 16.6 per cent in December last year. 

On the National Stock Exchange (NSE), it rose from 2.7 per cent to 23.09 per cent, an 8.5 times rise during the same period.

Market participants said the biggest factor that contributed to the