Market started well, Nifty again crosses 17,800
A day earlier on Thursday, both the indices had closed in a big fall Nifty again crosses 17,800. After the close of trading, the Sensex fell 621.31 points (1.03 per cent) to 59,601.84 and the Nifty was down 179.35 points (1 per cent) to close at 17,745.90. With this fall, the domestic market’s four consecutive days of growth had stopped. This was also the first decline of the year 2022.
In the last session of the week, the domestic market started trading on a positive note on Friday. After the big fall a day ago, the domestic market is getting support from the Asian markets. On this basis, NSE Nifty has again managed to cross the 17,800 mark.
Both BSE Sensex and NSE Nifty remained in the lead from the pre-open session itself. Within minutes of the market opening, the Sensex climbed more than 150 points and was trading near 59,800. NSE Nifty was trading around 17,850 points, up 0.44 percent. Today the market is showing signs of continuation.
A day earlier on Thursday, both the indices had closed in a big fall. After the close of trading, the Sensex fell 621.31 points (1.03 per cent) to 59,601.84 and the Nifty was down 179.35 points (1 per cent) to close at 17,745.90. With this fall, the domestic market’s four consecutive days of growth had stopped. This was also the first decline of the year 2022.
The domestic market is getting support from the Asian market. Japan’s Nikkei fell later but Hong Kong’s Hang Seng, China’s Shanghai Composite and South Korea’s Kospi are leading. On the domestic front, companies like Titan, ICICI Bank, SBI, Reliance Industries are supporting the market. A day earlier, banking and financial stocks were in decline. Today a good trend is being seen in them.
Increase inside the variability of retail investors, the amount of demat accounts over doubled once March 2019
Mumbai. Ajay Tyagi, chairman of the country’s market regulator Securities and Exchange Board of Republic of Asian nation (SEBI), same on weekday that the things that the market and brokerage corporations had achieved inside the last twenty years have presently been achieved in barely a pair of years. Is. this could be evident from the amount of demat accounts that, as of Gregorian calendar month 2021, have reached seven.7 crores. the amount of demat accounts in March 2019 was 3.6 crore.
Millions of youth have entered the market as investors, with the start of labor from home due to the corona virus epidemic and conjointly the ‘lockdown’ obligatory for its interference. Brokerage corporations have opened relating to 10 hundred thousand demat accounts since that time. In this, seventy 5 or 6 of the investors unit of measurement below thirty years older.
Nifty: Four hundred thousand new demat accounts opened every month
Tyagi said, “In line with world trends, we’ve put together seen a giant increase inside the variability of individual investors coming back into the capital market. On a median, four hundred thousand new demat accounts were opened every month from the year 2019-20. It tripled to twenty lakhs per month in 2021 and increased to around twenty 9 lakhs per month in Gregorian calendar month, 2021. this could be over seven times over the pre-Covid level inside the year 2019-20.
In fact, the amount of accumulative demat accounts increased to seven.7 integer in Gregorian calendar month, 2021 from thirty six million in March, 2019, he said. In fact, what was achieved in extra than twenty years was achieved in relating to a pair of and a zero.5 years.
On the occasion of completion of twenty 5 years of nice index and twenty years of futures commerce inside the country, NSE chief operational officer Vikram Limaye same that nice fifty index was launched on April twenty 2, 1996. The index represents fifty large and heavily listed indexes from 13 sectors. it’s increased by fifteen times in twenty 5 years. it’s given eleven.2 % come back annually.