NSE’s investor base grows to 8.5 crore in 2023
- January 1, 2024
- Posted by: OptimizeIAS Team
- Category: DPN Topics
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NSE’s investor base grows to 8.5 crore in 2023
Subject: Economy
Section: Capital Market
Context: The investor base of the National Stock Exchange (NSE) increased by 22 percent from 7 crore in 2022 to 8.54 crore in 2023.
More on News:
- India’s market capitalisation crossed $4 trillion in December 2023.
- The benchmark Nifty index touched 21,000 on December 8, 2023.
- 99.85 percent of India’s postal PIN codes are covered in terms of investor registrations.
- NSE EMERGE: Market capitalization of NSE EMERGE listed companies (SMEs) has crossed Rs 1,00,000 crore mark for the first time since 2012.
State wise registered investors:
- Maharashtra is at the top position with 1.49 crore investors.
- Uttar Pradesh is at the second position with 90 lakh investors
- Gujarat is at third position with 77 lakh investors followed by West Bengal with 48 lakh investors.
About National Stock Exchange(NSE):
- NSE is the largest stock exchange in India and is one of the largest stock exchanges of the world.
- NSE was incorporated in 1992 and recognised as a stock exchange by SEBI in April 1993. However it commenced its operations in 1994.
- Headquarters: Mumbai
- NSE is India’s first digitized stock exchange.
- NIFTY 50 is a benchmark Indian stock market index, representing the weighted average of 50 largest Indian companies listed on the National Stock Exchange.
- EMERGE Platform:
- EMERGE is a credible , efficient market place aimed at the convergence of investors and emerging corporates in the country.
- It offers opportunities to informed investors to invest in emerging businesses with exciting growth plans
- It helps SMEs and startups to connect with investors for funding.
About Bombay Stock Exchange(BSE):
- BSE is Asia’s first & the Fastest Stock Exchange in the world with the speed of 6 microseconds.
- It was established in 1875 as ‘The Native Share & Stock Brokers’ Association’.
- On 31 August 1957, BSE became the first stock exchange in India to get recognition from the Government of India under the Securities Contracts (Regulation) Act, 1956 (SCRA).
- Headquaters: Dalal Street, Mumbai
- In 2017 BSE became the 1st listed stock exchange of India.