In a year where the stock market reached all-time highs, Bihar, Uttar Pradesh, and Madhya Pradesh saw the biggest increases in the number of new investors among the larger states. Data supplied by the National Stock Exchange shows that Bihar has recorded a 36.6% increase in the number of registered investors, though on a low basis. UP and MP have reported the highest percentage increases, at 33.8% and 28.9%, respectively. With over 1.48 crore registered investors as of December 25, Maharashtra is the largest investor pool in India, up 16.9% over the previous year.
West Bengal, UP, Gujarat, Karnataka, Tamil Nadu, and TN are the other states having the most investors registered with the exchange. The northeastern states have also recorded a noteworthy increase in the number of new investors, albeit from a low basis. While Mizoram has grown by 54.9%, Nagaland has grown by 54%, and Tripura has grown by 41.3%. By December 25, over 8.49 crore investors were registered in India, a 22.4% increase from the previous year. Greater ubiquity of online trading platforms outside of the major metro areas has propelled the rise.
An explosion of business and financial content on social media platforms such as YouTube has also raised awareness regarding investing in the stock market. The nation is currently ranked fourth in the world, behind the United States, China, and Japan, with a market capitalization that exceeded $4 trillion in 2023. On September 11 and December 8, respectively, the benchmark NSE Nifty 50 reached milestones of 20,000 and 21,000 points.
