Over 3 million demat accounts opened in Sept for second consecutive month

In September, over 3 million dematerialised (demat) accounts were opened for the second consecutive month, underscoring the continued allure of the domestic equity market for direct investors.

During this period, both the S&P BSE Sensex and the National Stock Exchange (NSE) Nifty surpassed their all-time highs set in December 2022, and a record number of initial public offerings (IPOs) were launched. These factors bolstered growth in demat accounts, essential for holding shares, bonds, and other securities in electronic format.

The country’s two depository firms, Central Depository Services and the National Securities Depository, added about 3.1 million new accounts. While the