BSE sees 34% jump in new retail traders in FY15
A massive rally in stocks coupled with regular investor awareness campaigns by BSE pushed up the number of retail investors on the exchange by nearly 34 <g data-gr-id="12">per cent</g> to 26.74 lakh last fiscal.
In the previous financial year, 2013-14, the number of retail investors who traded on BSE was nearly 20 lakh, according to the data provided by the bourse. The total number of 'new client codes' registered with the oldest bourse in Asia is 46.7 lakh for the last two <g data-gr-id="15">fiscal</g>.
Between September 2013 when Narendra Modi was named the BJP's prime ministerial candidate and March this year, the market had rallied over 60 per cent. BSE has attributed the rise in its retail investor base to several government initiatives such as financial inclusion and fall in inflation.
The exchange had recorded trading worth Rs 8.55 trillion (Rs 8.55 lakh crore) in equities during 2014-15 -- an increase of about 64 <g data-gr-id="14">per cent</g> over the preceding fiscal.