‘Pray that stocks don’t fall’: Nithin Kamath warns Rs 1.1 lakh crore margin trading boom has worrying risks by ET Markets | January 21, 2026 4:05 pm | Indian Stocks, Market, News Zerodha CEO Nithin Kamath has warned that the rapid rise in margin trading facilities to over Rs 1.1 lakh crore poses structural risks to Indian equities, cautioning that leveraged positions could worsen market stress during a sharp correction.