Benchmark indices rebound after three days of decline
The BSE Sensex closed 218.14 points higher to 81,224.75 on October 18 while NSE Nifty rose 104.20 points to 24,854.05.
Marking a new milestone, the National Stock Exchange (NSE) recorded a 47% surge in investor registrations in December, with 21.1 lakh fresh entrants as against 14.3 lakh registered with the bourse in November.
Total registered investors stood at 8.5 crore as of end December 2023.
“This has been the highest monthly registrations in the period of analysis since May 2019. A part of this is attributed to strong returns generated by the Indian equity market in the month gone by,” the NSE said in its monthly Market Pulse report.
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The Nifty 50 surged almost 8%, Nifty Midcap 100 gained 7.6% and the Nifty Smallcap 100 gained 6.8%.
The report highlighted that the spike in new registrations was widespread across all regions.
However, the West India led the way with a substantial 69% month-over-month jump, increasing from 3.9 lakh to 6.6 lakh registrations.
West India’s share climbed from 27.1% in November to 31% in December. This increase came at the expense of a decline in the share of South India from 18.5% to 15.3% and East India from 13.2% to 11.7%.
North India closely followed with a 50% increase, from 5.9 lakh to 8.9 lakh, while East India experienced a 31% rise from 1.9 lakh to 2.5 lakh, and South India saw a 21% uptick from 2.7 lakh to 3.2 lakh.
In terms of regional share, North India’s portion of new investor registrations increased marginally to 42% in December, up from 41.2% a month back.
“After having been overtaken by Uttar Pradesh in terms of new investor registrations in February 2023, Maharashtra reclaimed the top spot in December with 3 lakh registrations,” the NSE noted.
Uttar Pradesh took the second place with 2.9 lakh new investor registrations in December.
Gujarat saw a significant surge in new investor registrations, more than doubling with a 119% month-over-month rise from 1.1 lakh to 2.4 lakh.
Rajasthan with 1.5 lakh and Haryana with 84,000 also saw notable increases in new registrations. The top five states together contributed 48.6% of all new registrations in the first three quarters of FY24, said the NSE.
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