The Covid-19 pandemic, in a sense, marked a watershed moment in the equity markets in India. After the pandemic Indians took to equity investing as ducks take to water. In April 2020, the Sensex was at 27,600 levels and rose to 80,000 points on July 3, 2024 – a rise of more than 52,000 points in 3 years. In the last six months the market rose more than 8,000 points or more than 11%.
This stupendous rise would not have been possible without the participation of a large number of domestic investors. Latest data from the NSE reveal where most of the new investors in the last month came from.
Delhi-NCR on top
These districts were Delhi-NCR, Mumbai, Bangalore, Pune, Surat, Ahmedabad, Jaipur, North 24 Parganas, Nagpur and Kolkata. Apart from North 24 Parganas which is a district in West Bengal, all other districts coincide with a city of the country.
Incidentally, North 24 Parganas is an adjoining district of Kolkata that includes large urban agglomerations such as Salt Lake and Rajarhat New Town.
In May, the highest number of new equity investors originated from Delhi-NCR. The number was 109,600. The numbers notched up by other districts were Mumbai (71,500), Bangalore (25,800), Pune (25,500), Surat (22,800), Ahmedabad (21,700), Jaipur (19,900), North 24 Parganas (19,000), Nagpur (14,100) and Kolkata (12,500).
Between December 2023 and May 2024
If we extend the count to the six-month period between December 2023 and May 2024, the ranking changes. In this time period Delhi-NCR accounted for a total of 7.307 lakh new equity investors and stood on top.
In second place was Mumbai. It contributed 4.95 lakh equity investors in these six months.
But Pune (171,600), Ahmedabad (161,600) and Surat (158,100) overtake Bangalore (156,400). These cities occupy the third, fourth, and sixth positions respectively.
The other regions are Jaipur (127,300), North 24 Parganas (109,800), Nagpur (78,200) and Kolkata (71,700).
Since December last year the city to register the largest number of fresh investors in the equity markets in a single month was Delhi-NCR. It had 150,900 new investors in January alone. No other city came anywhere close to that mark.
The city to add the lowest number of new investors in any month was Kolkata. It added 10,100 investors in March this year.
An equity cult is sweeping India with a liquidity-driven rally taking the market in its grip. Latest data from NSE reveals which are the country’s top districts in terms of new investors. Business Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
