look news india
Mumbai: The average daily volume of cash and derivatives in the country's equity market declined significantly in the month ended March due to volatility in the equity market.
The average daily turnover of equity cash on the country's two stock exchanges BSE and NSE declined by 13.33 percent to Rs 1.12 lakh crore in February. In February this figure was Rs 1.27 lakh crore. This is the biggest fall after October 2023.
In this way, the average daily turnover in derivatives has declined by 8.76 percent to Rs 373.44 lakh crore. Stock market sources said that this is the biggest fall after April 2021.
February's turnover was Rs 409.27 lakh crore.
The average daily turnover in the cash segment has declined due to the sharp decline in the market since the second week of March. Last month, a huge decline was seen in midcap and smallcap.
An analyst said that since it was the last month of the financial year 2023-24, apart from profit-booking for adjustment, there was selling in March and trading activity remained slow.
The Securities and Exchange Board of India (SEBI) has expressed concern over the valuations of midcaps and smallcaps, which has also shaken the minds of players.
Last month, Sensex and Nifty50 rose by 1.60 per cent, while BSE Smallcap and BSE Midcap fell by 0.60 per cent and 4.50 per cent respectively. Foreign institutional investors were net buyers of Indian equities worth Rs 32,927.18 crore in March, according to SEBI data.