Financial Markets Soared in June 2024: A Closer Look at the Latest Developments

Summary:

1. Demat Account Surge: Demat accounts surpassed 16.2 crore, with 42 lakh new additions, representing a 4.24% monthly increase and 34.66% annual growth.

2. Growing Investor Confidence: Increased Demat accounts demonstrate growing investor confidence as a result of favourable rules and market reforms.

3. NSE Clients: Motilal Oswal reported a 3.1% rise in active NSE clients, totaling 4.42 crore. The top five discount brokers now account for 64.4% of NSE clients, up from 58.2% in June 2022.

4. Derivatives Trading: BSE's F&O daily turnover grew 15% month-over-month (MoM), adding to a 9% total rise. NSE's turnover also jumped 17.1% MoM.

5. Commodity Exchange: MCX saw total volumes drop by 10.7% MoM to US$ 438.27 billion in June 2024. OPTFUT volumes declined by 9.7% to US$ 376 billion. Overall ADTO increased by 2.7% to US$ 21.55 billion, driven by higher Options trading in Crude Oil, Natural Gas, and Silver.

Source: IBEF

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