Not Mumbai or Gujarat but Uttar Pradesh has seen more new investors join the stock market in 2023. According to NSE data, 16 million new investors were added across the country and states like Uttar Pradesh and Bihar had the biggest contributions to the number of new investors. UP added 2.3 million new investors while Bihar saw a 36% growth in several investors compared to 2022. And with the Indian market reaching new highs with each passing day, stock market investing is becoming more and more appealing.
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