NSE Report: 3.5 million new investors joined stock market in November despite ups and downs
New Delhi| According to a report by the National Stock Exchange (NSE), amid ongoing volatility in the stock markets, more than 3.5 million new investors have joined the stock markets in November. The surge has pushed the total number of investors to 10.85 crore at the end of November, compared to 10.5 crore in October.
“The figures have increased due to increased interest of people in markets”, the report said. The number of unique investors (Unique Investors) has increased to nine crore in February, 10 crore in August and currently 10.85 crore. The number of accounts through the trading (UCC) of these investors is about 21 crore”
Last month, the NSE reported that the total number of registered investors crossed the 10 crore mark in August and has grown to 10.5 crore as of October 2024. The total number of registered investors was 10.5 crore in October 2024 after crossing the 10 crore (100 million) mark in August.
Maharashtra remains the top in the country in terms of investors in the stock market with the highest number of registered investors. There are about 1.8 crore investors in the state. However, if we talk about total investor base, Maharashtra’s share has decreased from around 20 percent in FY 2015 to 16.5 percent in November 2024.
Uttar Pradesh remains at the second position with a significant increase in its investor base. The state crossed the one crore investors mark in April and reached 1.2 crore investors by the end of November, accounting for 11.3 per cent of the total investor base, up from 6.9 per cent in FY2015.
Gujarat is in second place with 94.9 lakh investors, while West Bengal and Rajasthan have 62.5 lakh and 61.4 lakh investors respectively. These five states account for 48.3 percent of total registered investors. Interestingly, apart from the top 10, the report also mentions the increasing contribution of other states. These states now account for 27 percent of the total investor base, up from 23 percent in FY2020. Bihar and Assam have contributed significantly to this growth, reflecting the growing interest in the market in small areas.
