Gujarat’s stock market investors are withdrawing themselves frenetically as market volatility has eroded their confidence. According to a business portal, in January 2025, Gujarat investors recorded a turnover of Rs 1.6 lakh crore, down 11.5% from December. According to an (NSE) report, it’s the sharpest drop among all states.
The portal has highlighted that the number of traders who placed at least one trade in January nosedived by 24.6% in Gujarat.
Experts have attributed this trend to bearish sentiment among retail investors.
“The post-Covid boom brought a wave of young, first-time investors into the market, but they had never witnessed a major downturn,” Nrupesh Shah, a market expert, was quoted as saying. “With mid-cap and small-cap stocks crashing up to 60% in six months, many investors are now stuck. However, India’s long-term growth story remains intact, and investors should focus on quality large caps and mid-caps with a long-term horizon.”
Maharashtra and Gujarat continued to do the heavy lifting in individual investor turnover on the NSE’s Cash Market segment in January, generating Rs 2.7 lakh crore and Rs 1.6 lakh crore, respectively. Bar Karnataka, all top 10 states reported a month-on month decline in investor turnover. Gujarat and Rajasthan witnessed the contractions of 11.5% and 11.4%, respectively, the sharpest, according to the portal.
With respective shares of 18.9% and 10.8%, Maharashtra and Gujarat together accounted for 30% of the total gross turnover by individual investors. Karnataka and Delhi contributed 6.7% and 6.6%, respectively, while Uttar Pradesh came in second with a 7.6% share.
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