The National Stock Exchange (NSE), the largest bourse in India, has witnessed a 25 per cent increase in active investors with the Western region recording the highest growth of 32 per cent in cash market participation.
Participation of retail investors from Maharashtra, who are actively trading in the equity market, has increased 38 per cent in the last one year, the NSE said in a statement. All states, except two, have reported hefty rise in equity market activities by such investors in the last one year, it said.
There are around 2.5 crore registered clients across the exchanges, it said.
Preliminary data suggests that Maharashtra has recorded the highest increase in active retail clients. Total number of retail clients traded last year surged 38 per cent on the NSE. In value terms, however, Gujarat topped the chart and witnessed the highest jump of over 50 per cent, it said.
Not only in the number of people participating, in value terms also, Maharashtra remains the highest volume contributor in the cash segment, the average turnover of which rose to a new high of Rs 18,000 crore a day. Other traditional major cities like Kolkata, Delhi, among others, also continued to grow, NSE said.
Nifty has returned over 25 per cent to investors since the Modi government assumed office last May. The index even reached a peak level 9,119.2 during the period.
The retail growth in the cash market was also fuelled by the fact that 12 IPOs were launched during the period. Several offer-for-sale from companies like Coal India, REC and SAIL have also seen good responses from retail segment. Retail interests were also seen growing in the stock associated with the mid-cap segment. On an average, the CNX Midcap has outperformed the Nifty.
Leading the pack
* Preliminary data suggests that Maharashtra has recorded the highest increase in active retail clients.
* Nifty has returned over 25 per cent to investors since the Narendra Modi government assumed office last May.