Forty-five years old Akash Arora had stopped making any transactions through his demat account ever since the European economy saw the recession. With stock markets becoming more buoyant,he and many small-time investors like him have deactivated their once frozen accounts. Experts say that more than the new demat accounts being opened,it is the once bitten investors who are returning to the markets after the bearish run.
In more than 60 per cent of the cases,the once frozen accounts are being reactivated signifying that people have started making transactions which they had stopped during the downturn, said a broker.
In 2008,we were opening thousands of accounts in a single day as more and more first time buyers would want to jump the bandwagon and make money in the rising market. That frenzy is missing as people are more cautious with their investment decisions. The sustained upward trend of the markets are generating positive response even from the first timers, added another broker.