Indian market turnover soars to record high
Friday, 27 June 2014
MUMBAI, June 26 (PTI): The Indian capital markets' turnover today rose to a record high level of more than Rs 7 trillion, as leading bourse NSE witnessed a sharp surge in its trade volumes while BSE also recorded huge volumes.
Both the exchanges recorded huge volumes of futures and option (F&O) trades today on the day of expiry of current month derivative contracts.
The total F&O turnover at BSE rose to Rs 2313.91 billion, up from about Rs 1.71 trillion yesterday. Earlier on Tuesday, BSE had witnessed a sudden surge in its F&O volumes and had also overtaken its larger rival NSE which traditionally commands over 80 per cent share in derivatives market.
With a sudden spike in trade volume of three Sensex option contracts, BSE on June 24 had recorded Futures & Options (F&O) turnover of Rs 3.36 trillion - higher than that of its bigger rival NSE (Rs 3.29 trillion) on that day.
At the end of today's trading, the total F&O turnover on NSE stood at Rs 4.29 trillion -- as against BSE's Rs 2.31 trillion.
The NSE also recorded equity market turnover of over Rs 200 billion, as against about Rs 33 billion of BSE in this segment