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17% households invest in stocks, i-bankers should get good cos to mkts: NSE
National Stock Exchange's managing director and chief executive officer Ashish Chauhan on Monday said 17 per cent of Indian households are invested in stocks, and urged investment bankers to get quality companies to the market.
Speaking at an event organised by the Association of Investment Bankers of India here, Chauhan said people who are seemingly poor are investing in entrepreneurs because of the trust factor and the number of investors are growing.
There are 8 crore unique investors from 5 crore households who are invested, which means 17 per cent of the overall households of the country are directly invested in the stock markets, Chauhan said, adding that initial public offerings (IPOs) by companies are the preferred route for entering the markets.
"So let us pray and of course work hard to ensure that only good companies come to the markets," Chauhan said in his address to the investment bankers.
He said if the country's largest bourse NSE was a country, it would be 20th ...