Winter of content- New demat accounts scale new highs in Dec
时间:2024-06-26 19:53:51 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:Natural gas consumption down 6%- Energy mission 2030 running out of gas
下一篇:Xiaomi banks on integrated smartphones for next growth phase
猜你喜欢
- Sensex rallies for second day straight, Nifty trend positive, next resistance at 17450-17500
- Buy these two shares for gains while bulls attempt a comeback, resistance at 17650
- Nandan Nilekani-backed Divgi TorqTransfer Systems IPO opens for subscription, GMP rises; should you apply-
- Nifty in a short term uptrend; Galaxy Surfactants, Balaji Telefilms among stocks to buy
- Nifty could top 17900 above 17750, Bank Nifty may hit 41000 if it closes above 39500; here’s what analysts say
- Nifty close below 18700 to trigger a sell-off; outright collapse unlikely
- Chinese Premier visits quake-affected areas; ensures safety of distressed people
- Sensex zooms past 60000; Nifty ends near 17950, next target seen at 18175, here’s what analysts say
- Cipla Rating- buy; Cipla’s US outlook remains intact