The Indian equity market is in the midst of a technological transformation, one that is redrawing the boundaries of access, speed, and strategy for all participants. Trading data for April from the National Stock Exchange of India offers a clear view of this shift.Colocation now commands a record 38.8% share of trading turnover. Algorithmic strategies account for a staggering 57% of trades, and the once-dominant CTCL/NEAT terminal has been relegated to a mere 25.8%, or less than half its share a decade ago.