The domestic equity market is a crowded place though the reopened Shops, malls, hotels, restaurants, and cinema halls are largely empty. Data showed nearly 18 lakh new accounts were opened with the Central Depository Services (India) in March, April, and May against a combined 8.41 lakh opened during January-February.
Chances are high that some of these new entrants are among the happiest lot, as the benchmark BSE Sensex has advanced around 35 percent from the 52-week low hit on March 24. Data showed over 85 percent of stocks have managed to deliver positive returns to investors for this period.
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