For a handful of equity and shine, investors open 4.3 m Demat a/cs

Mumbai: Nearly 4.3 million demat accounts were opened in June, the highest in four months, as the Indian equity benchmarks soared to record highs and several promoters and private equity firms sold shares almost every alternate day, demonstrating the enthusiasm among Indian retail investors.

The total number of demat accounts in India surged past 160 million for the first time in June.

The Sensex rallied 3% in June, while the BSE Midcap and Smallcap indices gained 4% and 8%, respectively. Seven companies raised ₹3,629 crores from public issues.

In the past, the number of new demat accounts has crossed the 4 million monthly mark only three times. In February, around 4.3 million demat accounts were opened, while December 2023 and January 2024 saw 4.2 million and 4.6 million new accounts, respectively.