Winter of content- New demat accounts scale new highs in Dec
时间:2024-09-29 03:56:44 阅读(143)
With the benchmark indices scaling fresh peaks,demat account openings touched a record high of 4.18 millionin December. The demat account additions were at 2.78 million inNovember.
According to data fromthe National Securities Depository (NSDL) and the Central Depository Services (CDSL), the total number of demat accounts stood at 139.3 million as of December end.
In comparison, December 2022 had seen a monthly addition of 2.1 million accounts.
The previous highest monthly addition was recorded almost two years ago in January 2022, when 3.4 million accounts were added in a single month.
According to market players, the record rally in the markets, especially the strong momentum in small-caps and mid-caps, triggered the growth.
“This is a momentum-driven rally rather than a value-driven one. The valuations are no doubt high, but investors seem to keep raising their bets. This is a retail-driven market,” market analyst Ambareesh Baliga had recently toldFE.
Key benchmarks Sensex and Nifty gained close to 20% each in 2023, while the BSE’s broader MidCap and SmallCap indices also surged over 45% each. While some analysts have called the rally ‘euphoric’ with no justification and anticipate a correction, others say this momentum is likely to continue in the near term.
Besides the rally in the broader indices, factors such as encouraging economic indicators, strong response to IPOs and good listing day gains, as well as the recent state Assembly election results, have given a fillip to the sentiment, with investors seeking to cash in on the momentum.
Analysts say the state election results indicate a favourable mandate for the Centre in 2024, which will ensure continuity in policymaking and the capex and manufacturing push.
Bankers have also said the liquidity in the markets is adding to the interest in IPOs, especially mid-sized ones.
上一篇:Empowering India- Transformative strategies for grassroots financial inclusion through technology
猜你喜欢
- Investor wealth tumbles over Rs 9
- Global Markets- Markets mixed as tech boosts US stock futures, Europe dips
- Economy hangs in the balance- As Sheikh Hasina hangs on to power, state capacity to deal with crises reduces further
- Earth Hour 2023- When lights turned off – See Photos
- Investor exuberance propelling broking industry performance with 20% growth in the net operating income, says ICRA
- Enhancing financial security with waiver of premium in child investment plans
- Gold Price Today, 19 Dec 2022- Prices rise mildly on tepid dollar; gold to remain volatile
- IREDA IPO to be completed by March next year
- F&O expiry outlook 11 Nov- Nifty may face strong resistance around 18000, charts suggest turbulence ahead