Business

13 lakh new retail investors added in stock market in past one month

Mumbai: More than 13.21 lakh new retail investors were added in the Bombay stock exchange’s registered investors’ list in the past one-month period. Maharashtra (2,77,588), Rajasthan (1,03,145), Gujarat (1,01,190), Uttar Pradesh (1,01,076), Andhra Pradesh (87,633) and Telangana (82,441) were states where the highest number of new unique client codes were added in the past one month period.

Among the large states, Telangana registered the highest percentage increase in new client additions to the capital market at 6.70 per cent while Andhra Pradesh clocked a 3.17 per cent rise.

Smaller states of North East are seeing the highest percentage increase due to smaller base-Manipur (8.84 per cent/2579 new investors).

Nation’s Capital Delhi showed far lower interest in stock market investing with 1.64 per cent as it added 50,265 new investors.

“Over 35.97 lakh new retail investors were added since last quarter taking total registered investors number to over 5.42 crore,” as per latest BSE data as on September 13.

Another evidence of large number retail investors investing in stocks has emerged from national depository Central Depository Services (CDSL) adding 50 lakh investors since January 2020.

“The net number of active demat accounts opened with CDSL, has crossed a new milestone of 2.5 crore (25 Million),” CDSL informed at the beginning of September.

CDSL crossed the 2-crore mark in January, 2020 and crossed the 2.5 crore mark as on August 31, 2020.

Speaking on the milestone achieved, CDSL MD & CEO, Nehal Vora said, “The growth of investors, especially in the current unprecedented times, is a representation that the Investor is now moving to a self-sufficient environment with opening and operating demat accounts from the comfort of their homes.”

Source:

www.deccanchronicle.com

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