The investor base of the National Stock Exchange (NSE) increased by 22 per cent from 7 crore to 8.54 crore during the calendar year 2023, underscoring the growing retail investor participation in the stock market.
While Maharashtra is in the top position with 1.49 crore investors, Uttar Pradesh is at the second position in terms of total registered investors with 90 lakh investors as on December 29, 2023, NSE said in a study. They are followed by Gujarat with 77 lakh investors and West Bengal 48 lakh investors. According to the NSE, 99.85 per cent of India’s postal PIN codes were covered in terms of investor registrations. As many as 161.4 lakh new investors were added in 2023.
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