Nifty 50 rose 1.2% in April, additions in demat accounts number remain flat

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₹446 trillion. This decline was primarily driven by a 3% MoM decrease in the ADTO of Futures and Options (F&O), while the ADTO of cash transactions increased by approximately 6% MoM. Retail cash ADTO surged by 8% MoM to ₹445 billion.

Besides, the total number of demat accounts surged to 154 million in April, according to a report by Motilal Oswal Financial Services, a domestic brokerage house. Despite this substantial increase, new account additions remained stable at 3.1 million, consistent with the average monthly additions observed throughout the fiscal year. According to domestic brokerage house Motilal Oswal Financial Services, the total number of demat accounts jumped to 151 million in March 2024, with new account additions surging to 31 lakhs in February. According to the brokerage's report, in April, CDSL continued to strengthen its market position, both in terms of the total number of demat accounts and its market share, showing a month-on-month (MoM) increase.

However, on a year-on-year (YoY) basis, NSDL experienced a decline, losing 400 basis points (bp) in total demat accounts market share and 470 basis points (bp) in incremental demat accounts market share. During April 2024, the number of active clients at NSE saw a notable uptick, rising by 2.6% month-on-month to reach 41.8 million. Presently, the top five discount brokers collectively represent 63.9% of the total NSE active clients, indicating a slight increase from 60.1% recorded in April 2023.