Dealer-led trading in India's equity cash market has seen a marked decline, dropping from over 60% in FY15 to about 25.1% by FY26, according to data from the National Stock Exchange (NSE). This shift indicates a growing preference for automated trading systems and mobile applications, which offer advantages such as real-time alerts and cost efficiency. Nilesh Sharma, executive director at Samco Securities, noted that the use of traditional dealer-operated systems has diminished, with clients now favoring mobile platforms for trading. While younger investors lean towards technology-driven solutions, an older demographic still values personal interaction with dealers, particularly for managing larger portfolios. Despite the overall decline in dealer-led turnover, certain segments, like commodity derivatives, continue to rely heavily on dealer intermediation, with 80.3% of turnover attributed to dealer systems in FY26. This evolving landscape highlights the ongoing transformation within the Indian broking industry as it adapts to technological advancements.