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New Delhi: The Indian stock markets witnessed a remarkable ascent this year, with the benchmark NSE Nifty 50 reaching significant milestones of 20,000 on September 11 and 21,000 on December 8. This bullish trend propelled the total number of stock market investors in India past the 8-crore mark, marking a 22.4% growth, according to National Stock Exchange (NSE) data.
Significant growth was observed in Bihar, Uttar Pradesh, and Madhya Pradesh, with Bihar leading the charge with an astonishing 36.6% increase in registered investors. Uttar Pradesh surpassed Gujarat to claim the second position in the list of states with the highest number of investors, boasting 89.5 lakh active participants by December 25, compared to Gujarat’s 76.5 lakh.
Maharashtra remains the frontrunner, with a 16.9% growth, amassing a whopping 1.48 crore registered investors as of December 25. The nation’s collective investor count stands at 8.49 crore, fueled by increased accessibility of online trading platforms and growing awareness, particularly beyond metropolitan areas. Moreover, India’s market capitalization surged past $4 trillion in 2023, solidifying its position as the fourth-largest market globally, trailing only behind the US, China, and Japan.
