In the last one year, NSE has received increasing participation from almost all states in India. Except only two states, rest all has reported hefty increase in equity market activities. The western part of India which comprises Maharashtra, Goa and Gujarat, have together witnessed 32% spurt in number of people actively trading in the last one year. India has around 2.5 cr registered clients across exchanges.
Preliminary data suggests that Maharashtra has recorded the highest increase in retail clients trading. Total no of people traded in the last one year has surged by 38% on the NSE platform while Gujarat has witnessed the highest jump of more than 50% in value terms.
Not only in numbers of people participating, in value terms also, – primarily because India’s financial capital Mumbai – Maharashtra has remained the highest volume contributor in have India’s equity cash marketed segment. Other traditional major cities like Kolkata, Delhi etc also continuing to grow. Cash market is the segment where people buy and sell shares primarily with a long term vision on listed companies.
During the period the equity market overall has remained bullish. Nifty which is the benchmark index for the nation has given more than 25% return to investors, – since the time the current government started at the centre. The benchmark index even reached a pick level 9119.2 during the period. Overall at the nationwide level NSE has seen close to 25% growth in active investors’ number.
This has taken the Cash market turnover to a new high of about Rs 18000 cr a day.
The retail growth in the cash market was also fuelled by the fact that 12 IPOs were launched during the period. Several offer for sell from companies like Coal India, REC & SAIL have seen good responses from the retail segment.
The retail interests were also seen growing in the stock associated with the midcap segment. On an average the CNX Midcap which tracks performance of midcap companies has outperformed the main index – NIFTY. Among the sectorial indices CNX Pharma performed the best followed by the Auto Index. However indices covering sectors like energy, metal and realty are in red.
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