Demat account additions in August have crossed 3 million-mark for the first time since January 2022 as investors capitalised on the rally in equity markets, especially small and mid cap stocks.
About 3.1 million demat accounts were added in August, compared with 2.98 million added in the preceding month of July, according to a report by ICICI Securities.
Demat additions have grown for four months in a row now. This should lead to strong H1FY24 results for capital market players, the brokerage said.
About 3.1 million demat accounts were added in August, compared with 2.98 million added in the preceding month of July, according to a report by ICICI Securities.
Demat additions have grown for four months in a row now. This should lead to strong H1FY24 results for capital market players, the brokerage said.
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