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Huge interest from investors was seen in October. More than 30 lakh new demat accounts were opened across the country, which is the highest figure in 10 months. Experts believe that the flood of IPOs and market recovery have increased investor confidence.
New Delhi. A tremendous jump has been seen in the number of demat accounts in October. According to depositories data, more than 30 lakh new demat accounts were opened last month, whereas in September this number was 24.6 lakh. With this increase, the total number of demat accounts in the country has crossed 21 crore. This growth reflects the increasing confidence of investors in the Indian capital market.
Speed increased due to wave of IPO
Experts say that the main reason for the increase in new demat accounts is the many big IPOs that came in October. During this period, 10 record IPOs were opened, which together raised about Rs 44,930 crore. These public issues attracted everyone from small investors to big fund houses. This not only increased liquidity in the market but also accelerated the entry of new investors.
Foreign investment and market performance
In October, Sensex and Nifty gave returns of about 3 percent, while midcap and smallcap indices also gained 3–4 percent. At the same time, foreign investors, who were selling in the last months, have now become buyers again. He invested approximately $1.6 billion in Indian equities. Experts believe that this is a sign that India is still seen as the strongest economy among the emerging markets.
Bullish sentiment for the future
Global investment bank Goldman Sachs has shown a positive attitude towards India. It has rated the Indian stock market ‘overweight’ and has set a target of 29,000 for Nifty by the end of 2026, which is about 14 percent more than the current level. According to the report, India’s economic growth, stable policies and rising corporate earnings can further strengthen the market in the coming months.
