Nithin Kamath has been stress-eating. “I’ve put on five kilos,” admits Kamath, the CEO and co-founder of Zerodha, India’s largest stockbroker in terms of the sheer number of broking accounts.
It’s not hard to see why he’s so wound up. While the Covid-19 pandemic has brought the world to an unprecedented standstill, it has wreaked havoc on the trading space. On 20 April, for instance, the contract price of West Texas Intermediate (WTI) oil futures for May fell to -$37 a barrel.
“It was probably the craziest day of my 25 years of being in the capital markets.