Angel One narrows gap with Zerodha as broking rivalry intensifies

The Indian stock market’s active user base, which had been declining for the past two months, saw a marginal rebound in August 2025, rising 0.5% to 46.19 million clients from 45.96 million in July.

Groww continues to lead the stock broking space with 12.07 million active clients and a 26.26% market share, despite a 2.26% month-on-month decline from 12.35 million in July.

Zerodha retained its second position in August with 7.26 million clients and a 15.8% market share, despite a 2.3% m-o-m decline. Angel One, with a 15.33% share after a 2.1% decline,…