Maharashtra tops in NSE’s equity retail participation

Participation of retail investors from Maharashtra, who are actively trading in the equity market, has increased 38 per cent in the last one year, the National Stock Exchange (NSE) said.
All states, except two, have reported hefty rise in equity market activities by such investors in the last one year, it said. The western states — Maharashtra, Goa and Gujarat– have together witnessed 32 per cent spurt in the number of people actively trading in last one year, NSE said in a statement.

Preliminary data suggests that Maharashtra has recorded the highest increase in active retail clients. Total number of retail clients traded last year surged 38 per cent on the NSE. In value terms, however, Gujarat topped the chart and witnessed the highest jump of over 50 per cent, it said.

Not only in the number of people participating, in value terms also, Maharashtra remains the highest volume contributor in the cash segment, the average turnover of which rose to a new high of Rs 18,000 crore a day. Other traditional major cities like Kolkata, Delhi, among others, also continued to grow, NSE said.

There are around 2.5 crore registered clients across exchanges. Nifty has returned over 25 per cent to investors since the Modi government assumed office last May. The index even reached a peak level 9,119.2 during the period.

At the nationwide level, the NSE has seen close to 25 per cent growth in active investors’ number. The retail growth in the cash market was also fuelled by the fact that 12 IPOs were launched during the period. Several offer-for-sale from companies like Coal India, REC and SAIL have also seen good responses from retail segment.

Retail interests were also seen growing in the stock associated with the mid-cap segment. On an average, the CNX Midcap has outperformed Nifty. Among the sectoral indices, pharma performed the best, followed by auto. However, indices covering sectors like energy, metal and realty are in the red, the NSE added.

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