'Most hated all-time high?': Zerodha founder's take on retail investors' activity in current stock market rally1 min read . Updated: 03 Dec 2022, 10:49 AM IST
- The monthly new demat account openings are down ~40% even though stock markets are back to highs, said Zerodha's Nithin Kamath
Surging to record high levels this week, the benchmark BSE Sensex had jumped 2,139 points or 3.49% in the past eight days whereas the NSE Nifty 50 rose 3.6% over the last eight sessions, boosted by expectations of smaller rate hikes by the Fed from its December policy meeting. The Nifty Midcap 100 outperformed its larger peers, climbing 4.5% in the last eight days.
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