About 1.8 million new accounts needed for holding shares in an electronic format were opened with two depositories, Central Depository Services (CDSL) and National Securities Depository, taking the total tally past 106 million in November.
The new additions were slightly more than 1.77 million added in the preceding month, but over 20 per cent lower than the 2.3 million monthly average for calendar 2022.
This goes to show that investors are not flocking to stocks as they did last year, notwithstanding the extended run in the markets as benchmark indices and key stocks climbed to record highs.
The benchmark Nifty gained 4 per cent in November, extending its twomonth run to 10 per cent.
This story is from the December 09, 2022 edition of Business Standard.
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This story is from the December 09, 2022 edition of Business Standard.
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