Indian brokers' active users fall 0.5% to 4.59 crore in October
In short
Indian stockbrokers had 4.59 crore active users in October, down 0.5% from 4.61 crore.
Angel One moved up to second place and added 2.4 lakh new users.
What the reporting says
Indian stockbrokers' combined active user base fell 0.5% to 4.59 crore in October, down from 4.61 crore. Angel One climbed to the second spot and added 2.4 lakh new users, according to the headline data. The shift shows a slightly smaller overall brokerage user base even as one platform gained momentum in the month.
Why it matters
Indian stockbrokers' combined active user base shrank 0.5% to 4.59 crore in October from 4.61 crore, while Angel One moved to second place and added 2.4 lakh new users. The figures matter for brokerage competition, customer acquisition, and trading platforms in India. The source only establishes the monthly user counts and ranking shift, not the broader reasons behind the change.