ICICI Securities, a major player in India's stock market, has announced its exit from the institutional brokerage business. This move signals a significant change in the landscape of the Indian stock market.
With this decision, ICICI Securities will focus more on its retail brokerage operations. The company aims to realign its strategies to adapt to evolving market dynamics and enhance its retail customer services. This departure could potentially reshape competition dynamics among institutional brokers in the Indian stock market.