Bombay Stock Exchange (BSE) has crossed the milestone of seven crore registered users based on Unique Client Code (UCC) amid the coronavirus pandemic. The journey from 6 crore to 7 crore users took just 139 days, as compared to 241, 652, and 939 days needed for the previous milestones of 6 crore, 5 crore, and 4 crore, respectively.
Of the 7 crore users, 38 percent fall in the 30-40 age bracket, followed by 24 percent in 20-30 and 13 percent in the 40-50 age bracket. The growth has been fuelled by tech-savvy young users, with an age profile of 20-40, who contributed 82 lakh of the 1 crore user additions from 6 crore to 7 crore.
BSE provides an efficient and transparent market for trading in equity, debt instruments, derivatives, mutual funds. It also has a platform for trading in equities of small-and-medium enterprises (SME).
