Maharashtra has long reigned as the king of India’s equity markets, with the state that birthed Asia’s first stock exchange in Mumbai routinely signing up the maximum number of new investors every month. Now, there is a challenger.
Uttar Pradesh (UP), India’s most populous state, has ousted Maharashtra to become the leader in new investor registrations for stock market investments, shows data from National Stock Exchange of India Ltd (NSE), India’s largest stock exchange. The northern state displaced Maharashtra from the top spot for three straight months through April. New investor registrations in UP stood at 126,000 in April, ahead of Maharashtra’s 118,000, followed by Rajasthan, West Bengal, and Madhya Pradesh.
The spread of business programming, promotions, and investor education in Hindi on television (TV) and trading apps, at a time equities as an asset class are gaining popularity among the youth, is the main driver for this trend, officials of India’s leading broking companies said.
Diese Geschichte stammt aus der June 14, 2023-Ausgabe von Mint Mumbai.
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