Debate on Margin Trading's Role in Market Volatility

There's a big discussion about whether margin trading (where you borrow money to invest) is causing recent stock market ups and downs.

Ashish Nanda from Kotak Securities says no, because the data shows that margin trading actually increased a little during the market drop, and the total amount of margin trading is very small compared to the whole market.

He also says that the rules and controls in place make it less risky.

But Nithin Kamath from Zerodha thinks it's a problem because margin trading has grown a lot in the last few years, and there aren't good systems to manage the risks.

He worries that if the market drops a lot, people might have to sell their investments quickly, which could make the market even more unstable.