Top 50 Rules to Investing
Rule : 33
Very Few People Have Had Great Success Short Selling, Even in Bear Markets.
Majority of States Have Very Few Stock Market Investors
Stock market movements make headlines every day. How many people invest in stock markets in India? Which state has most stock market investors in India? Mint has analyzed statistics from the Bombay Stock Exchange (BSE) to answer some of these questions.
The BSE data used unique client codes to identify the number of stock market investors in each state and union territory. It identified 3.23 crore registered stock market investors in total. All investor accounts are linked to a demat account, though there maybe duplication, for example with one demat account connected to investor accounts with more than one brokerage. A total of 98.7% of these had clear state/union-territory wise data. It was not defined for 4.29 lakh investors. This works out to less than 7% of India’s 48.18 crore-strong workforce. The exchange updates the data daily. The analysis used numbers from 20 February 2017.
Maharashtra alone accounts for more than one-fifth of India’s stock market investors. Gujarat, Tamil Nadu, West Bengal and Uttar Pradesh are the other top five states in terms of percentage share in total stock market investors. These five states account for a little less than 60% of India’s stock market investors. Most of India’s states and union territories have a smaller share in total number of stock market investors than their share in population.
Courtesy : See More @ http://bit.ly/2l9VQnL
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