Despite a struggling economy, what is drawing people to the stock markets?

The share of non-institutional investors in trading volumes surged to 72 per cent in July; we look at the reasons behind this

Markets continue to rally on RBI policy fillip; Sensex rises 164 points

The new account openings have been underpinned by a sharp rally in the stock markets.

Samie Modak
Brokerages are witnessing a boom of sorts when it comes to opening of new investor accounts. In the past four months, more than 4 million new accounts have been opened, taking total to 44.3 million. Despite the economic slowdown, widespread job losses, and salary cuts, what's driving people to the stock markets? Samie Modak explains:

Ease of account opening and zero charges

Gone are the days when opening a trading and dematerialised account used to take 70 signatures. Now an investor can open an account sitting at home, thanks to eKYC with online brokerages. A simple Google search leads to a slew of brokerages vying for your attention with freebies and offers, such as zero-broking fees and no account opening charges. Some

First Published: Aug 17 2020 | 11:23 AM IST

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