NSE Logs 47% Growth In Investor Registrations In Dec, West India Sees 69% Hike

Regarding the regional share, North India’s share of new investor registrations increased marginally to 42 per cent in December, against 41.2 per cent a month earlier

The National Stock Exchange (NSE) logged a growth in investor registrations in December with 21.1 lakh fresh entrants, it revealed in its monthly Market Pulse report. The registrations climbed 47 per cent against the 14.3 lakh investors registered with the exchange a month earlier in November.

“This has been the highest monthly registrations in the period of analysis since May 2019. A part of this is attributed to strong returns generated by the Indian equity market in the month gone by,” the exchange said, reported Moneycontrol. The overall registered investors touched 8.5 crore, as of December 2023 end. 

The growth in the registrations was visible across all regions, displaying a broad-based trend. In terms of investor registrations, West India dominated the trend with a significant 69 per cent jump on a month-on-month basis. The region saw registrations climb to 6.6 lakh in the reviewing period, against 3.9 lakh a month earlier.

Following the region was North India, which logged an increase of 50 per cent and touched 8.9 lakh in the reviewing period, against 5.9 lakh seen a month earlier. East India saw a climb of 31 per cent to 2.5 lakh, against 1.9 lakh sequentially, while South India witnessed a gain of 21 per cent to 3.2 lakh, compared to 2.7 lakh on a month-on-month basis. 

Regarding the regional share, North India’s share of new investor registrations increased marginally to 42 per cent in December, against 41.2 per cent a month earlier. West India saw its share log a major rise, from 27.1 per cent in November to 31 per cent in December. This surge, however, came at the cost of a slip in South India’s share, from 18.5 per cent to 15.3 per cent, and East India, which dipped from 13.2 per cent to 11.7 per cent. 

Statewise, Maharashtra remained at the top of investor registrations. “After having been overtaken by Uttar Pradesh in terms of new investor registrations in February 2023, Maharashtra reclaimed the top spot in December with 3 lakh registrations,” the NSE said. Uttar Pradesh secured the second spot with 2.9 lakh new registrations in December. 

Gujarat also logged a major surge in new investor registrations, rising over double with a 119 per cent hike on a month-on-month basis from 1.1 lakh to 2.4 lakh registrations. Rajasthan also witnessed 1.5 lakh new registrations in the reviewing period, while Haryana added 84,000 new investor registrations. Combined, the top five states accounted for 48.6 per cent of all new registrations seen in the first three quarters of the ongoing fiscal year, the NSE noted.