Millions of young Indians are dabbling in stocks for the first time as they remain stuck at home, with many of them trying their hands at trading shares to boost income amid pay cuts and job losses. Sebi data showed that investors opened a record 2.4 million demat accounts in the three months after lockdown in March or 5.6% of the total number of such accounts, reflecting the growing retail participation in stock markets. In the six months ended June, 3.9 million accounts were added, totalling 43.2 million. To talk about this growing phenomenon in stock markets, I am in conversation with Vinay Agrawal, CEO, Angel Broking.
Millions of young Indians are dabbling in stocks for the first time as they remain stuck at home, with many of them trying their hands at trading shares to boost income amid pay cuts and job losses. Sebi data showed that investors opened a record 2.4 million demat accounts in the three months after lockdown in March or 5.6% of the total number of such accounts, reflecting the growing retail participation in stock markets. In the six months ended June, 3.9 million accounts were added, totalling 43.2 million. To talk about this growing phenomenon in stock markets, I am in conversation with Vinay Agrawal, CEO, Angel Broking.