BUSINESS

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BUSINESS

NSE's active users hit 3.4cr in November

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NSE user growth

The National Stock Exchange (NSE) saw a fifth consecutive month of growth in active users, reaching 3.49 crore in November. It was 3.39 crore in October.

2

Equity market rally

This increase is attributed to the ongoing equity market rally, with Sensex and Nifty50 indices rising around 20% each since April.

3

Contributing factors

Factors contributing to the growth include strong GDP numbers, increased foreign investor activity, and expectations of potential US Federal Reserve rate cuts.

4

Record demat accounts

In November, 27.80 lakh new demat accounts were opened, bringing the total to a record high of 13.51 crore.

5

Strong fundamentals attract

Devarsh Vakil of HDFC Securities stated that Indian macroeconomic fundamentals are strong and attracting both domestic and foreign investors.