Mumbai: Premier Bourse BSE has added 1 Crore account account registered to its platform between June 6 and September 21, taking a total to more than 8 crores in the range of only 107 days.
On June 6 this year, Exchange said the registered user base has crossed a sign of 7 Crore (70 million), which is the addition of 2 registered investor accounts 2 in a little more than 12 months (from May 23, 2020).
Commenting on the achievement of crossing an investor account registered 8 crore on Tuesday, BSE MD and CEO of Ashishkumar Chauuhan said equity investment, both directly and through mutual funds, getting land for one and a half the last half for various reasons.
Globally, and the domestic market also follows the trend of this world.
The oldest exchanges in Asia also suggested investors to be careful when entering the market, saying it is important for every investor to be careful and understanding in detail the company, processes and instruments where they plan to invest or trade.
Given the main milestone, he said in February 2008, the exchange only had 1 Crore investor account, which rose to 2 crores in July 2011.
The BSE took another time to take this to 3 crores in January 2014, and then surpassed level 4 -Crore in August 2018.
Passing the 5-Crore sign on May 2020, 6-crore level on January 19, 2021, and a historical milestone June 7 on June 6, 2021.
Crossing the 8-crore level on September 21 2021, making this the fastest addition – only 107 day.
However, BSE does not determine how many investor accounts are active or only for mutual fund investments, because most trading volumes are on the NSE rival exchange.
Bene Sensex benchmark has also been on the song in the past few weeks.
After the bloodshed induced pandemic in March 2020, the index has strengthened more than 110 percent and is a trend of over 59,000 points.
Sensex has moved from 57,000 to 58,000 in three sessions from August 31 to September 3 and crossed 59,000 marks in eight days on September 16.
Sensex only offered 50,000 marks in January this year.
With this, India is now the sixth largest stock market in the world, overtaking France for the first time in market capitalization, with benchmark Sensex jumped more than 23.85 percent or 11,389.83 points so far.
On September 16, the market capitalization of companies registered in BSE jumped to $ 3.54 trillion, or RS 260.78 Lakh Crore.
Mandiri and only online brokers such as Zerodha, Upstoxx, Angel Broking and Sharekhan, and institutional players such as ICICI Securities, HDFC Securities and Securities boxes have also seen a massive leap in their investor accounts.
The most valued market is the US ($ 51 trillion), China ($ 12 trillion), Japan ($ 7.5 trillion), Hong Kong ($ 6.5 trillion) and England ($ 3.51 trillion).