Three districts from Gujarat – Ahmedabad, Surat, and Rajkot – have ranked among the top 10 districts in terms of active investors in India in April 2024.
According to data from the National Stock Exchange (NSE), Rajkot registered the highest growth of 17% among the top 10 Indian districts.
The NSE report highlighted that Ahmedabad led in stock turnover with Rs 63,000 crore, securing the third position nationally, while Surat ranked ninth with Rs 28,000 crore.
Stock market participation
These figures highlight the significant stock market participation from Gujarat nationally. In April 2024, Ahmedabad registered 4.1 lakh unique investors who traded at least once in a month while Surat and Rajkot saw 2.96 lakh and 1.6 lakh investors respectively in this category, according to NSE.
The number of individual investors who traded at least once in the last month registered an increase in all major Indian districts, the report stated. The total rise was 4.6% month-on-month (MoM) to 40.4 lakh in April 2024. Mumbai remained the leader with a 2.5% rise in such investors taking the total number to 10.5 lakh investors.
While Delhi maintained its second position with 9.9 lakh, Ahmedabad recorded a strong increase of 13.1% MoM in April 2024 to 4.1 lakh investors. The average rise in the top 10 districts was recorded at 6.2% in the month of April.
Experts said that April saw high volatility in the market with elections. The BSE sensex traded in the range of 72,350 to 75,000 in April and a higher number of investors from Gujarat traded in the market due to volatility.
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