 "1.77 million new Demat accounts added in Oct, second-lowest this year")
About 1.77 million new dematerialised accounts were added in October — 28 per cent below the previous nine-month average of 2.5 million. The drop in pace comes even as the markets jumped 5.4 per cent last month amid positive foreign portfolio investor (FPI) flows.
Not just the demat account tally fell in October, trading activity too softened. The average daily trading volume (ADTV) for the cash segment fell to ~54,532 crore (NSE and BSE combined), a fall of nearly 20 per cent month-on-month (MoM). The ADTV for the futures and options (F&O) segment (both NSE and BSE combined) stood at ~147.4 trillion (notional turnover), declining 4 per cent MoM.
Broking industry officials said the fall in demat account additions in October was on account of holidays due to the festive season and also due to lack of initial public offerings (IPOs). The total number demat accounts at the country’s two
depositories— CDSL and NSDL — stood at 104.4 million as on October 31, 2022.
One subscription. Two world-class reads.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%