look news india
Gujarati Investors in Share Market: No one can reach Gujaratis in investment and enterprise, this is the reason why Gujaratis dominate the country. Gujarati industrialists are at the forefront in the country today. Gujarati people are called businessmen. You will not believe but Gujaratis have doubled their investment in the stock market. Gujarati people will now get Rs 10 per day with a turnover of Rs 23,200 crore. This turnover figure has increased by 128 percent in just one year. In terms of investing in this, Ahmedabad residents are at the top in the state.
Ahmedabad residents top in investing in the market:
According to SEBI data, Ahmedabad's share in BSE's total turnover has increased from 22.2% to 25.40%. Similarly, Rajkot's share increased from 0.60% to 1.40% while Vadodara's share decreased from 0.40% to 0.30%. According to data provided by the National Stock Exchange, the number of active equity investors in Gujarat will double to 31 lakh in FY 2023. The state had only 15 lakh active investors in FY 2020.
The stock market is constantly touching new heights. The market turnover is also gradually increasing. The Securities and Exchange Board of India (SEBI) has released the turnover figures of BSE and NSE for the first quarter of the financial year 2024-25 on July 29. This data has proved that Gujaratis have invested heavily in the stock market. Investment in the stock market has increased in one year.
Gujaratis buy and sell goods worth thousands of crores every day:
Shares worth more than Rs 23,200 crore are traded daily. The turnover in the same period of 2023-24 was Rs 10,165 crore. That is, the daily trading turnover in Gujarat has increased by 128% compared to last year. The markets have performed well after the Covid-19 pandemic and the indices have reached new record highs. With higher returns and increasing awareness, more young investors started coming to the market. The number of demat accounts has also seen a surge since March 2020.
Gujaratis ahead in investing in IPOs:
Gujaratis are ahead in investing in IPOs. People are investing heavily in mid-cap and small-cap stocks as they are still available at reasonable prices. This has increased Gujarat's share in market turnover. People's income has increased and at the same time retail investors have matured. The major indices of the Indian stock market opened in the green with a bullish trend on Monday.
The BSE Sensex opened at 81,679, up 347 points from its previous close of 81,332. On the other hand, the NSE Nifty opened at 24,943, up 109 points from its previous close of 24,834. The market has registered a sudden surge in early trade on Monday. The major indexes BSE Sensex and NSE Nifty reached their highest level ever. The BSE Sensex reached an all-time high of 81,749.34 points. At the same time, the NSE Nifty also recorded an all-time high of 24,980.45 points. In such a situation, there is no possibility that Gujaratis will be left behind in taking advantage of the boom in the stock market.
