States not known for a strong equity culture like Assam, Uttar Pradesh, Rajasthan, Karnataka, Madhya Pradesh, and Telangana have shown a big jump in stock market investors compared to the last quarter.
Maharashtra and Gujarat are the quintessential stock market culture states but with the stock markets booming in India over the last year and more investors entering the market due to lack of employment in corona times, other states are also joining the party.
The biggest jump in percentage terms in BSE registered investors are coming from the North-East states and the star is Assam. Compared to the last quarter, Assam has seen 56.76 percent followed by Manipur at 23.84 percent.
Uttarakhand has shown a growth of 17.96 percent in the number of BSE registered investors, Uttar Pradesh has shown a 15.45 percent growth, Telangana at 22.40 percent, Rajasthan at 16.11 percent, Odisha at 18.06 percent, Madhya Pradesh at 19.5 percent, and Himachal Pradesh at 21.66 percent.
The growth in equity investors is even more spectacular compared to last year when Covid hit India. Andhra Pradesh has grown 39.72 percent, Assam has a blistering pace at 152.53 percent, Telangana at 94.6 percent, Kerala at 34.75 percent, Jharkhand at 46.32 percent, Jammu and Kashmir at 50.23 percent.
The total number of BSE registered investors is at 7.11 crore.
