- By Aditya Pratap Singh
- Sat, 30 Dec 2023 12:24 AM (IST)
- Source:JND
Indian stock market has been on a bull run backed by huge investments from domestic and foreign investors. The Indices of exchanges Sensex and Nifty have achieved all-time high values multiple times.
Domestic retail investors have a major contribution to the historic bullish trend in 2023. Earlier, citizens of Maharashtra and Gujarat were major contributors to the Indian stock market. But, the stats have been changing a lot since 2020. As per the latest data issued by the National Stock Exchange (NSE), Uttar Pradesh has left Gujarat behind in terms of the number of registered investors investing in the stock market. Most new investors in 2023 also belong to Uttar Pradesh.
Uttar Pradesh has the most new registration
As per Data issued by NSE, Uttar Pradesh is also at the forefront in terms of registration of new investors. out of 10.7 million new registered investors in 2023-24, 1.6 million belongs to Uttar Pradesh. In the ongoing financial year, 14.8 per cent of the total newly registered investors come from Uttar Pradesh.
Maharashtra is at second place with the number of new registered investors at 1.4 million. Gujarat is at third place with 7.45 lakh and Rajasthan is at fourth place with 6.78 lakh.
UP beats Gujarat in total number of investor's registration
According to the data, there were a total of 83.5 million registered investors by the end of November 2023, out of which the highest number of investors come from Maharashtra, whose number is 14.6 million (1.46 crore) followed by Uttar Pradesh with a total of 8.7 million (87.35 lakh) registered investors. Gujarat comes in third place with 7.5 million (75 lakh) investors. Whereas, Karnataka managed to share be at fourth place with 4.7 million (47 lakh) investors.
