September Demat account additions show retail investors’ trading frenzy unperturbed by global noises

September Demat account additions show retail investors’ trading frenzy unperturbed by global noises
By , ETMarkets.com
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Synopsis

Headline indices in India declined about 4% in September, but this was far lesser than the steeper cuts seen by its developed and emerging market peers. Thanks to the continued inflows from domestic institutional and retail investors, Indian equities managed to be an outlier. DIIs net bought Indian equities worth more than Rs 15 crores in September.

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The retail investor community remains unperturbed by the geopolitical tensions and slowdown concerns in developed economies, clearly reflected by the steady increase in the number of dematerialised accounts in India.

The first half of September saw equities running high, with several stocks hitting 52-week highs. However, the US Federal Reserve’s hawkish guidance on interest rate hikes on September 21 dampened the euphoria and saw equities go downhill.

Headline indices in India declined about 4% in September, but this was far lesser than the steeper cuts seen by its developed and emerging market peers. Thanks to the continued inflows from domestic institutional and retail investors, Indian equities managed to be an outlier. DIIs net bought Indian equities worth more than Rs 15 crores in September.

Retail investors have poured in Rs 1 lakh crore into Indian equities between January-August this year.

After a brief lull, the primary market is also back in action, driving investor interest. The line-up of several mid-sized and large public issues suggests that investor frenzy is here to stay.

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