NEW DELHI: A recent report by the National Stock Exchange (NSE) has revealed that states like Uttar Pradesh, Rajasthan, and West Bengal are now actively participating in the Indian stock markets, which have been reaching new heights.
These states are now leading in terms of the number of active investors, following Maharashtra and Gujarat, the traditional investor bases in the country.
According to the National Stock Exchange, Maharashtra remains the top state in terms of registered stock market investors, with 1.7 crore investors, accounting for 16.8 per cent of the total investor base.
Uttar Pradesh is in the second position, surpassing 1 crore investors in April and reaching 1.1 crore by August, representing 11.1 per cent of the total investors.
Gujarat holds the third spot with 88.5 lakh investors (8.7 per cent), followed by West Bengal with 59 lakh (5.8 per cent) and Rajasthan with 57.8 lakh (5.7 per cent).
In its report, the NSE stated: “It is also interesting to note that the top five states of Maharashtra, Uttar Pradesh, Gujarat, Rajasthan and West Bengal now comprise nearly half (48 pc) of all investors in the country.”
This data emphasises the significant influence these states have on the overall stock market landscape in India.
The report also highlighted an emerging trend, with the North and East India regions showing the highest growth in new investor registrations over the past year, further expanding the investor base across the country.
Notably, the report mentioned that states outside the top 10 now account for 27 per cent of investors, an increase from 23 per cent in FY20.
In August, the Indian stock markets reached a significant milestone as the total number of registered investors in the country surpassed the 10 crore mark, testifying to growing interest and participation of the Indian population in the equity markets, signifying a significant shift in the financial landscape.