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.