The state of Maharashtra tops the list  with the  highest number of registered investors  with  1.48 crore. Uttar Pradesh  rose  to  second position, surpassing Gujarat, with 89.47 lakh investors. The state recorded a  33.8%  growth  in the number  of  new investors.  

 The number of  investors in the  stock market  in India has  crossed  the 8 crore  mark,  registering a remarkable growth of 22.4%  compared to  the figure recorded on December 31, 2022,  according to  data from the  Exchange.  National Stock Exchange (NSE). 

  The total  number of investors  as  on  December 25,  2023  stood at 8.49 crore  as against  6.94 crore  as  on December 31, 2022.  Data shows that the investor  base  has grown  from 7 crore to 8 crore in eight  months.  

 The state of Maharashtra tops the list  with the  highest number of registered investors  with  1.48 crore. Uttar Pradesh  rose  to  second position, surpassing Gujarat, with 89.47 lakh investors. The state recorded a  33.8%  growth  in the number  of  new investors. 

  Gujarat  stood at  third position with 76.68 lakh registered investors, recording a growth of  17.2 per cent  in the number of registered investors.  Several other states  have seen significant increases  in investor participation in the stock market. West Bengal, Karnataka, Tamil  Nadu  and Rajasthan  emerged  as the  top  states, each with an investor base of  over  47 lakh registered individuals. 

  The  notable increase in investor participation can be attributed to the recent market  recovery, which has led to increased  interest  in  equity  investing.  

 The Indian stock market has seen  decent growth in  2023,  with both  benchmark indices hitting consecutive record highs on the back of  strong  domestic economic growth and optimism  around reduce  global interest rates  next  year.  

 The frontline  Nifty 50  index  has  gained  nearly 20%, while  the  BSE Sensex  has gained over  18% in 2023 so far. The bullish momentum was seen in  the  broader markets  and  they  significantly  outperformed the  leading stocks.  The Nifty Smallcap 100 index  has gained  over 54% and the Nifty Midcap 100  has gained  over 45% this year. 

  India’s  market  capitalization has  crossed the $4 trillion mark and India  ranks  fourth in the world in terms of market  capitalization.  

  At the same time,  the market capitalization-to-GDP  ratio increased by 10 percentage points to 115  on  December 25, 2023, from 105 on December 31, 2022. 

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