In the ranking of states with the most investors, Uttar Pradesh surpasses Gujarat. First is…
New Delhi: This year has seen a boom in the Indian stock markets, with the benchmark NSE Nifty 50 reaching milestones of 20,000 on September 11 and 21,000 on December 8. The number of stock market investors increased significantly as a consequence of this quick expansion, and it has already surpassed the 8-crore threshold. The National Stock Exchange (NSE) said that this year saw a 22.4% increase in the number of Indians investing in the stock market.
The states with the greatest increase were Madhya Pradesh, Uttar Pradesh, and Bihar. Aside from the stock market boom, the convenience of internet trading and the increase in awareness were the two main contributors to the growth.
Bihar had an amazing 36.6% increase in the number of registered investors, although beginning from a comparatively lower basis. This indicates that the state’s interest in financial markets is growing. Uttar Pradesh and Madhya Pradesh, with growth rates of 33.8 percent and 28.9 percent, respectively, trailed closely behind Bihar.
These states are gradually establishing themselves as major participants in the Indian investment scene, following Maharashtra, the financial leader. As of December 25, Maharashtra has the biggest investor pool in India, with over 1.48 crore registered investors, up 16.9% from the previous year.
In the ranking of states with the most investment, Uttar Pradesh has surpassed Gujarat to take the second spot. Gujarat has 76.5 lakh active investors as of December 25, compared to 89.5 lakh in Uttar Pradesh.
As of December 25, there were over 8.49 crore registered investors in India, a 22.4% increase over the previous year. The increased use of Internet trading platforms outside of the major metro areas has been the main driver of the rise. An explosion of business and financial content on social media platforms such as YouTube has also raised awareness about investing in the stock market.
The nation is now ranked fourth in the world, after the US, China, and Japan, with a market capitalization that exceeded $4 trillion in 2023.
