BSE crosses 8 cr registered users, Investor’s wealth grow by over Rs 67 lakh cr in 2021; Maharashtra, Gujarat, Uttar Pradesh top contributors

BSE on Tuesday added 10 million investors in the past three months to cross the milestone of 8 crore or 80 million registered users, based on Unique Client Code (UCC).

The journey from 7 crore to 8 crore users took 107 days to record its fastest addition in the history, the data from BSE showed.

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Investor’s wealth grew by over Rs 67 lakh cr so far in 2021. The average market capitalization of the BSE-listed companies rose from Rs 188 lakh cr as on December 31 to Rs 255 lakh cr on September 21, 2021. The market capitalization touched Rs 260.78 lak cr on September 16 when Sensex surpassed 59000.

Ashishkumar Chauhan, MD&CEO, BSE, advises investors to remain cautious while investing in companies. 

“Equity investments whether directly or through Mutual funds is gaining ground over the last 1.5 years due to variety of reasons across the world. India is also following the trend,” he said.

Chauhan further added that it is important for every investor to be careful and understand in detail the companies, processes, and instruments in which they plan to invest or trade.

The data on BSE highlighted that on a year-on-year basis, Maharashtra, Gujarat, Uttar Pradesh, Rajasthan, Karnataka, Madhya Pradesh top the list.

In terms of registered users, Maharashtra has about Rs 1.7 cr, followed by Gujarat with 94 lakh, Uttar Pradesh has about 62 lakh and Tamil Nadu with client base of about 47 lakh. Delhi comes at 8th place with active user base of 41 lakh, BSE data showed.