An all-time record of the past 18 months Demat account opening counts reached 12.35 crore in a retail spree. From January 2022 to July 2023, the total deposits in CDSL (Central Depository Services Limited) and NSDL (National Securities Depository Limited) became 30 lakh high, which is around 50 percent higher than the average of the previous year of 20 lakh.
There are many sufficient reasons for the earmark price, one of them due to the booming popularity of the Nifty and Sensex market outperformed by small and large capex. Also, the Foreign Institutional Investments and IPOs triggered many new investors in the market.
Experts also suggest that corrections in the Indian market of private capital index and real estate, the development will carry on triggering many to come to the industry.
Analysts are very bullish about the index performing well this year leading to healthy market conditions. “Moreover, the earnings growth is expected to remain very strong for the next few years.” – Parminder Varma, Chief Business Officer of Sharekhan by BNP Paribas said there is an optimistic potential boost in the financial sector this year.
Overall, the optimism will stay among investors to open new accounts until the market index performs great this year. With the valuation of trades reaching all-time high, it is significant that people will be excited to meet the increased load of market with fair pricing in the following years.