While chaos around the closing auction session briefly dampened sentiment for capital market stocks, Macquarie issued a bullish note on the industry and sees a powerful multiyear growth backdrop for market infrastructure firms as capital shifts into financial assets.
Indians save $500 billion annually in financial assets and almost 50% of that is in cash and deposits, the international brokerage said in its report. It added that this cash pool is ready for market-linked products which will drive a 16% CAGR in India’s combined investment and wealth and exchanges revenue pool over FY26-30. Brokers and exchanges should benefit from a larger investor base, rising engagement and broader monetisation across investment products, it added.
