look news india
There has been a tremendous increase in the number of demat account holders in the country. According to depository data, more than 40 lakh new demat accounts were added in August. The total number of demat accounts in India is increasing continuously. Data from National Securities Depository Limited (NSDL) and Central Depository Services Limited (CDSL) showed that the total number of demat accounts in the country increased by more than four million to 171.1 million (17.11 crore) in August. According to IANS news, the number of demat transactions has increased due to record IPOs in August.
An average of 4 million demat accounts were added every month
Last month, 10 companies raised about Rs 17,000 crore through IPOs. An average of four million demat accounts have been added every month since 2024. About 3.2 crore demat accounts have been opened in the first eight months of this year. A large number of demat accounts have also been opened in this calendar year due to new IPOs. From the beginning of the year 2024 till August 31, more than 50 companies have raised Rs 53,419 crore through IPOs.
Opening a demat account to participate in IPO
A study conducted by the Securities and Exchange Board of India (SEBI) has revealed that a large number of investors are opening demat accounts just to participate in IPOs. The study states that almost half of the demat accounts used for IPO applications from April 2021 to December 2023 were opened after the pandemic. The stock market has given great returns to investors in the year 2024.
stock market this year
If we look at the trend of the stock market, the Nifty has gained about 15 percent since the beginning of this year and 27 percent in the last one year. The Sensex has gained 13 percent since the beginning of this year and 24 percent in the last one year. The reason for the rise in the Indian stock market is the strength of the economy. India's GDP growth rate is estimated to be 8.2 percent in the financial year 2023-24, which is estimated to be 7.2 percent in the financial year 2024-25.
