UP, Rajasthan & West Bengal jointly contribute 25% of the stock market investors

New information on stock exchange movements that is released by the NSE draws attention to a noticeable trend that has surfaced on the Indian stock exchange. The member-states like Uttar Pradesh, Rajasthan, and West Bengal are moving toward stock market growth. This would build the way for the further progress of the market that has reached great heights.

National Stock Exchange of India says that the top five states of the nation: Maharashtra, Uttar Pradesh, Gujarat, Rajasthan, and West Bengal are now contributing for about 48% of the total number of investors across the country. This means that with increasing stock movements, these states are adapting the verystrong foundation of the national stock market.

In terms of the number of recorded stock market investors is being 1.7 crore. Accounting count is 16.8% of the total; Maharashtra still holds its first position. Uttar Pradesh has now come in secondwith more than 1 crore investors in April and crossing 1.1 crore by Augustwhich is 11.1% of the total investor base. Following as per records Gujarat, with 88.5 lakh investors 8.7%, then West Bengal and Rajasthan with investors numbering 59 lakh 5.8% and 57.8 lakh 5.7% respectively.An interesting pattern found in the report that in North and East India new investor are signing during the last year. This growth reflects a huge interest in stock market participation. More recently, states outside the top 10 now constitute 27% of investors, up from 23% in FY20, suggesting that the statistical data of investors are becoming distributed.

In August, the registered investor base in India crossed 10 crore, signifying a model shift in the thinking, as well as expanding interest of the familiarity with equity markets. It signals a new age of participation in the stock market that creates opportunities beyond conventional territories to embrace various forms of investors.