India’s total demat accounts reached 179 million as of October 31, 2024. So far in FY25, average monthly additions have been 3.9 million, showed a report by Motilal Oswal.
Notably, India’s largest public issue to date, Hyundai Motors’ ₹28,870-crore offering, was launched in October.
But, after having breached 26,000 toward the end of September, the Nifty shed more than 5% through October that coincided with per sistent withdrawal by overseas funds.
The Sensex declined nearly 6% in October, with the BSE Midcap and Smallcap indices falling over 7% and 4%, respectively. These were the first monthly loss for these indices in, respectively, seven and five months.
January 2024 recorded a record 4.6 million addition in demat accounts, but the pace retreated to 3.6 million in May this year.
The number of active clients on the NSE rose 2.1% month-on-month to 48.9 million in October 2024.
Lowest Demat A/c Additions
Total average daily turnover (ADTO) declined 3.5% month-on-month to ₹519.8 trillion, driven by a 12.4% decline in cash ADTO and a 3.5% dip in F&O ADTO.
The average daily turnover fell 16% month-on-month on the BSE, while the NSE saw a 1.2% month-on-month increase, supported by a rise in options volumes.
According to the Motilal Oswal report, Zerodha’s client count increased 1.2% month-on-month to 8.1 million, with a 15 basis-point dip in market share to 16.5%.
Groww’s client count grew 2.8% month-on-month to 12.6 million, raising its market share by 20 basis points to 25.8%.
Angel One’s client count rose 2.4% month-on-month to 7.5 million, with a stable market share of 15.4%. Upstox’s client count grew 1.4% month-on-month to 2.9 million, with a 5 basis-point decrease in market share to 5.8%.
