AHMEDABAD: The
Indian stock markets
' recent winning streak has attracted more investors to capitalize on the
positive momentum
by actively participating in
trading
and investment opportunities.
In Dec, Gujarat stood out by contributing a whopping 13.9% to the total number of active investors in the country. A record-breaking 18.17 lakh investors from Gujarat took part in at least one trade in Dec, marking the highest level of participation in recent years, revealed data from the National Stock Exchange (NSE).
Nationally, 1.30 crore investors were active in Dec, with Maharashtra leading the pack with around 25 lakh active investors. As of Dec 2023, the country had 8.54 crore registered investors, according to the NSE. The term 'active investors' refers to those who made at least one trade in the given month.
In Dec 2022, 91.90 lakh investors traded in the country, and Gujarat accounted for 12.4% of this number. Fast forward to Dec 2023, and we see a significant surge in these numbers. Gujarat boasts around 77 lakh unique investors (identified by PAN cards, not demat accounts).
Performance of PSUs increases confidence
Gujarat boasts around 77 lakh unique investors (identified by PAN cards, not demat accounts), of whom 18.17 lakh got involved in market activities in Dec 2023. Experts credit this surge to the bullish trend.
According to Gunjan Choksi, director of a stockbroking firm, 2023 was a rewarding year for stock market investors due to a substantial
bull run
in the market.
He said, "Except for the initial three months, benchmark indices consistently delivered positive returns throughout the year. Nifty stood out by providing above 20% annual returns, outperforming its counterparts in the market.
Additionally, Nifty mid-cap and Nifty small-cap indices demonstrated impressive returns of 42% and 50%, respectively, indicating a widespread rally in the market that attracted a lot of new investors.
Vanesh Panchal, director of another stockbroking firm, said, "There was a rise in the number of main board IPOs as well as SME IPOs entering the market for fundraising in 2023. These IPOs, with their bumper listing gains, boosted retail investors' confidence in the equity market."
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