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NSE News Update: The Indian stock market has been successful in touching the all-time high in the year 2024. Heavy fluctuations have also been seen in the market in October. Despite this, due to the competition for trading in the stock market, the National Stock Exchange has created history. In October 2024, the total number of client accounts of NSE has crossed 20 crores. There were 16.9 crore accounts on NSE 8 months ago, that is, there has been a strong increase in the number of new accounts in the last 8 months.
National Stock Exchange said that looking at the representation of states, Maharashtra stands first in total accounts. There are a total of 3.6 crore accounts from Maharashtra. Uttar Pradesh is in second place with 2.2 crore accounts. Gujarat comes in third place with 1.8 crore accounts followed by Rajasthan and West Bengal both with 1.2 crore accounts. Just include these states, the share of these states in the total client accounts is close to 50 percent. Whereas three-fourth of the total accounts are from the top 10 states of the country.
National Stock Exchange said that the unique registered investors base has reached 10.5 crores and on August 8, it had crossed the figure of 10 crore unique registered investors. On this achievement, NSE Chief Business Development Officer Shriram Krishnan said, we have achieved a major milestone in our investor base and from 17 crore accounts in February 2024, there has been an increase of 3 crore accounts on the exchange in just 8 months.
He said, this impressive growth reflects the strong confidence of investors in India’s growth story due to digital transformation and technological innovation. Due to increased acceptance of mobile trading applications and government’s efforts to increase investor awareness and increase digitalization, market access has increased and investors in Tier 2, 3 and 4 cities have benefited the most.
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