homemarket NewsUttar Pradesh outpaces Gujarat in registered investor numbers: NSE CEO Ashish Chauhan
Uttar Pradesh outpaces Gujarat in registered investor numbers: NSE CEO Ashish Chauhan
Ashish Chauhan commented on the changing dynamics, saying, "We are now in the fourth-largest market in terms of market capitalisation in the world, with a market cap of around $4.5 trillion, following the US, China, and Japan. In fact, just to give you another interesting set of six, now UP has become larger in terms of the number of investors compared to Gujarat."
Uttar Pradesh has taken the lead over Gujarat in terms of the number of registered investors, marking a significant shift in India's equity landscape. Ashish Chauhan, the managing director and CEO of NSE, shared these insights as Indian equity markets continue to make record highs, bringing attention to some remarkable statistics.
Ashish Chauhan commented on the changing dynamics, saying, "We are now in the fourth-largest market in terms of market capitalisation in the world, with a market cap of around $4.5 trillion, following the US, China, and Japan. In fact, just to give you another interesting set of six, now UP has become larger in terms of the number of investors compared to Gujarat."
Reflecting on the evolving demographics in the stock markets, Chauhan added, "I was just checking out the number of investors coming from there, and it is the same proportion as the average Indian proportion in the stock markets."
Key Highlights:
Indian market cap crosses $4 trillion, 4th largest in the world: The Indian equity market has reached a historic milestone, with the market capitalisation crossing the $4 trillion mark, making it the fourth-largest in the world.
India’s market capitalisation to GDP (%) up 10% in CY23: The market capitalisation of India in relation to its GDP has witnessed a notable 10% increase in the current calendar year, indicating the robust growth of the country's financial markets.
India has 74% global share in equity derivatives and 61% gobal share in derivatives across asset class: India continues to dominate the global derivatives market, with a staggering 74% share in equity derivatives and a 61% share across various asset classes.
Top 3 states having highest registered investors: The states with the highest number of registered investors are 1. Maharashtra, 2. Uttar Pradesh, and 3. Gujarat.
In a separate development, SBI Chairman, Khara, addressed the issue of spinning off YONO (You Only Need One), stating, "YONO is a part of the distribution channel; we can't spin it off. YONO will remain a part of SBI, and we will ensure that it stays ahead of the curve.
(Edited by : Anand Singha)
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