- Hindi News
- Business
- Share Market Investors 2024 Statistics Update; Bihar MP UP Maharashtra | Demat Account Data
New Delhi14 minutes ago
- copy link
Vinod Nair, Head of Research, Geojit Financial Services
The dominance of domestic investors is increasing in the stock market. Apart from big cities like Delhi-Mumbai, cities like Jaipur, Indore, Rajkot, Pune, Hyderabad are becoming new hotspots for domestic investors. According to the data of BSE and NSE, the maximum number of retail investors increased in Bihar, Uttar Pradesh, West Bengal, Madhya Pradesh and Rajasthan on an annual basis.
Bihar has now entered the top-10 in this case. After Maharashtra, UP is at the second position in the list with 1.96 crore investors. Meanwhile, between May 2019 and July 24, the number of demat accounts in the country increased from 3.6 crores to 15.1 crores. SIP investments have increased two and a half times from Rs 8,183 crores to Rs 20,904 crores.
Investors increased by 47% in Uttar Pradesh, 38% in Rajasthan
| State | Investors | Growth (annual) |
| Maharashtra | 3.34 crores | 25.7% |
| Uttar Pradesh | 1.96 crores | 47.8% |
| Gujarat | 1.67 crores | 26.6% |
| Rajasthan | 1.07 crore | 37.6% |
| W. Bengal | 1.01 crore | 39.1% |
| Karnataka | 96.2 lakhs | 28.9% |
| Madhya Pradesh | 94.0 lakhs | 37.7% |
| Tamil Nadu | 86.6 lakhs | 25.6% |
| Bihar | 71.9 lakhs | 49.4% |
Brokerage firms are adding clients by going to small cities, new investors should avoid option trading
New investors were not increasing rapidly in major urban areas. In such a situation, brokerage firms are going to small cities and adding new clients. With the joining of these investors, investment will increase rapidly. Most new investors are investing in Futures and Options (F&O). Trading in this is risky because the valuation has become very high.
There are two big events this month. Budget and the June quarter season of companies are about to start. If the results of companies remain weak as per the expectations, then a decline (correction) in the market is possible. Investors should reduce their positions at the current level. That is, profit booking at high valuations should be done and money should be invested in good stocks with low prices.
Bloomberg Survey: Investors expect Indian stocks to give higher returns than US in the second half
- India will give better returns than Japan in Asia: Two-thirds of the investors surveyed believe that the Asian market will give a return of around 10 percent by the end of this year. One-third of the people believe that India will give more returns than Japan and China in the Asian market.
- India will be safe from China-US tension: Indian markets will be most protected from the effects of US-China tension and US presidential election. Asian equities will outperform US stocks due to Fed rate cuts and cheap prices.
- Expectations from rising corporate profits and budget: According to a Bloomberg survey, the rally in the country’s equities will continue till the end of the year, as investors expect corporate profits to rise and the budget will contain measures to boost consumption. This will increase foreign investment further.
Source link
[ad_3]
