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Major trading apps Zerodha, Groww face glitch after market hits all-time high

Internet

Internet · 1y ago

Major trading apps Zerodha, Groww face glitch after market hits all-time high

Major trading apps like Zerodha and Groww experienced glitches after the stock market hit record highs following exit polls indicating a likely third term for the BJP-led NDA. The Sensex surged over 2,000 points to 76,738.89, and the Nifty reached 23,338.70. The high trading volume also caused the CDSL website to go down.

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Groww once again faces technical glitch; users unable to see balance

IndianStartupNews

IndianStartupNews · 1y ago

Groww once again faces technical glitch; users unable to see balance

Groww, a rival of Zerodha, faced a technical glitch that prevented users from viewing their wallet balances. Many users took to Twitter to express their frustration, prompting Groww to issue an apology and announce that the issue had been resolved. This is not the first time Groww has experienced such problems, as users had previously reported issues with logging in for intraday trading.

Top trading apps for market execution in 2025

Economic Times

Economic Times · 1m ago

Top trading apps for market execution in 2025

The article highlights top trading apps for 2025, focusing on features like fast execution, real-time data, and user-friendly interfaces, aimed at empowering retail investors. Notable apps mentioned include Groww, Zerodha Kite, Upstox, Angel One, ICICI Direct, Fyers, Paytm Money, and 5paisa, each catering to different investor needs from beginners to technical analysts. Key aspects considered include brokerage charges, unique features, and ideal user profiles, helping investors choose the app best suited to their trading preferences.

'Pay for our losses': Why Indian traders are angry with Groww

IndianStartupNews

IndianStartupNews · 1y ago

'Pay for our losses': Why Indian traders are angry with Groww

Groww, a trading app and rival of Zerodha, faced backlash as users reported technical glitches during intraday trading. This comes after similar issues were experienced by Zerodha users in the past. Angry traders took to social media to express frustration and even suggested legal action against Groww. The company acknowledged the problem and assured users that their team was working to resolve it. Additionally, Groww warned users about a fake support handle on Twitter and advised them to only contact the official account.

Zerodha, Groww users miss out on gains from June 4 market plunge due to technical glitches

YourStory

YourStory · 1y ago

Zerodha, Groww users miss out on gains from June 4 market plunge due to technical glitches

Customers of Zerodha and Groww were disappointed as technical issues caused delays in their mutual fund investments during the market turmoil on June 4. Retail investors who had placed orders before the same-day settlement cutoff time claimed their orders were only fulfilled the next day when prices had already risen. Some users reported receiving order confirmations days after placing them. Both Zerodha and Groww acknowledged the issues, with Zerodha blaming a problem with its payment aggregator Razorpay. This incident highlights the recurring problem of technical glitches causing inconvenience and notional losses for investors using brokerage apps.

New-age stock brokers feel pinch of marketing costs

Economic Times

Economic Times · 6m ago

New-age stock brokers feel pinch of marketing costs

New-age stockbrokers face increased customer acquisition costs due to rising Google keyword prices, driven by heightened interest in IPOs. Brokers bid on terms like "open demat account" to secure ad visibility, significantly inflating costs. Regulatory crackdowns on affiliate marketing have intensified competition, prompting a focus on app downloads. Major platforms like Zerodha and Groww now invest heavily in search engine optimization and educational content to attract users, amidst stagnant growth in the Indian stock trading market.

Zomato Hits Fresh All-Time High At INR 298.05 Amid Broader Market Rally

Inc42 · 9m ago

Zomato Hits Fresh All-Time High At INR 298.05 Amid Broader Market Rally

Shares of foodtech major Zomato rose over 2% in early trading today, reaching a new all-time high of INR 298.05 on the BSE. This surge came alongside a broader market rally, with Sensex and Nifty 50 also reaching record intraday highs. Zomato's shares have gained nearly 140% year-to-date due to the company's improved profitability.

Is Groww really bigger than Zerodha?

Business Today

Business Today · 1y ago

Is Groww really bigger than Zerodha?

Indian fintech company Groww has surpassed Zerodha to become India's largest brokerage in terms of number of active investors, as per data released by the National Stock Exchange (NSE). While Groww has a larger user base, Zerodha still outperforms in terms of revenue. Zerodha recorded a 39% growth in revenue at Rs 6,875 crore compared to Groww's revenue of Rs 1,294 crore in FY23. The difference in revenue is due to Zerodha's dominance in Futures and Options (F&O) trading, while Groww focuses on attracting new customers and long-term investment products.

Zomato shares hit all-time high after allotting 4.07 crore ESOPs

Inc42 · 1y ago

Zomato shares hit all-time high after allotting 4.07 crore ESOPs

Shares of Zomato hit a fresh all-time high of ₹221.30 apiece during the intraday trading on Friday (July 12) after the foodtech major announced the allotment of more than 4.07 crore stock options to its employees. The stock opened today at ₹218.60 per share, marking a 0.6% increase from the previous close.

Active user base of major stockbrokers drops by a million this year amid regulatory tightening - The Economic Times

Economic Times

Economic Times · 5d ago

Active user base of major stockbrokers drops by a million this year amid regulatory tightening - The Economic Times

The active user base of major Indian stockbroking platforms, including Groww, Zerodha, and Angel One, fell by 1 million to 29.5 million between February and June 2023. This decline is attributed to regulatory tightening around trading instruments like futures and options, as well as market volatility, which dampened retail investor participation. Despite this, the platforms recorded year-on-year growth in user bases, and Groww has filed for an IPO, aiming to raise up to $1 billion.

Bitcoin hits record high, surpasses $75,000 as Trump leads in US exit polls

Economic Times

Economic Times · 8m ago

Bitcoin hits record high, surpasses $75,000 as Trump leads in US exit polls

Bitcoin reached a new all-time high of over $75,000 after early US presidential election exit polls indicated a slight lead for Republican candidate Donald Trump. This surpassed its previous high of $73,750 and reflected a positive response from the market. Trump won eight states while Harris secured three states and Washington, D.C., with the election remaining tight. Bitcoin was trading at $75,060, up 8.4%, while Ether also experienced gains, rising 7.2% to $2,576. Trump's perceived support for cryptocurrencies may have contributed to the market's optimism. The dollar index increased 1.25% to 104.72.

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