The growing FOMO (fear of missing out) syndrome and buoyant primary and secondary markets have pushed the number of new demat accounts opened last month to a 10-month high.

The number of demat accounts opened in October was up 22 per cent to over 30 lakh, compared with 24.6 lakh in September, according to NSDL and CDSL data.

The overall live demat accounts in both depositories increased to a record high of 21 crore last month, up from 20.7 crore registered a month earlier.

Busy season

It was one of the busiest IPO markets in October with a total of 33 corporates raising a whopping ₹39,140 crore last month, both on the main board and the SME platform.

The fundraising was largely led by LG Electronics and Tata Capital, which mopped up ₹11,600 crore and ₹15,511 crore last month. The oth

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