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Uttar Pradesh Secures 2nd Rank In States With Most Investors

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In the past year, India’s stock markets soared, with the NSE Nifty 50 hitting milestones of 20,000 in September and 21,000 in December. This surge attracted a significant influx of investors, crossing the 8-crore mark, marking a 22.4% increase in investors according to NSE data.

Bihar, Uttar Pradesh, and Madhya Pradesh experienced remarkable growth rates in investor numbers, largely attributed to increased awareness and the convenience of online trading. Bihar led with an impressive 36.6% rise, followed closely by Uttar Pradesh and Madhya Pradesh at 33.8% and 28.9% respectively.

These states, notably Uttar Pradesh, are emerging as substantial players in India’s investment landscape. Maharashtra remains the leader with the largest investor pool, boasting over 1.48 crore registered investors as of December 25, showing a 16.9% increase.

Uttar Pradesh surpassed Gujarat to claim the second spot in the list of states with the highest number of investors, standing at 89.5 lakh active investors as of December 25, while Gujarat had 76.5 lakh.

India’s total registered investors reached 8.49 crores by December 25, marking a 22.4% surge from the previous year. The expansion owes itself to the increased accessibility of online trading platforms beyond major cities and a surge in financial information dissemination on platforms like YouTube.

India’s market capitalization surged past $4 trillion in 2023, securing the fourth rank globally, trailing behind the US, China, and Japan.

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