Indian Stock Market Booms: Over 8 Crore Investors Recorded Amidst Market Milestones

Indian Stock Market Booms: Over 8 Crore Investors Recorded Amidst Market Milestones

VoM News Desk | December 29, 2023 | 04:17 PM IST | Breaking News | Follow on Google News

Indian Stock Market Booms: Over 8 Crore Investors Recorded Amidst Market Milestone/NDTV

Indian Stock Market Booms: Over 8 Crore Investors Recorded Amidst Market Milestones

The Indian stock markets witnessed remarkable milestones this year, with the NSE Nifty 50 hitting the 20,000 and 21,000 marks on September 11 and December 8, respectively. This soaring growth spurred a substantial surge in stock market investors, surpassing the 8-crore mark. Data from the National Stock Exchange (NSE) indicates a 22.4% surge in the number of investors across the country.

Bihar, Uttar Pradesh, and Madhya Pradesh experienced the most significant upsurge in investors. Bihar, albeit starting from a relatively lower base, showcased an impressive 36.6% surge in registered investors, underscoring a burgeoning interest in financial markets within the state. Uttar Pradesh and Madhya Pradesh followed closely, recording growth rates of 33.8% and 28.9%, respectively, highlighting their rising prominence in the Indian investment landscape.

Beyond Maharashtra, the financial leader, these states are steadily emerging as influential players in India’s investment sphere. Maharashtra boasts the largest pool of investors, with a 16.9% increase, totaling over 1.48 crore registered investors by December 25. Uttar Pradesh, surpassing Gujarat, secured the second position in the list of states with the most investors, with 89.5 lakh active investors, while Gujarat recorded 76.5 lakh investors as of December 25.

India’s investor count exceeded 8.49 crore by December 25, showcasing a 22.4% growth from the previous year. The upsurge was facilitated by increased access to online trading platforms outside major cities. Additionally, social media platforms, particularly YouTube, disseminated financial and business information, contributing to greater awareness about stock market investments.

The country’s market capitalization surged past $4 trillion in 2023, elevating India to the fourth position globally, trailing behind the US, China, and Japan, underlining the nation’s burgeoning prominence in the global financial landscape.

VoM News Desk

VoM News is an online web portal in jammu Kashmir offers regional, National & global news.