Millennium Post

Stock market turnover tumbles by 25 per cent

Stock exchanges saw their overall cash market turnover tumbling by over 25 per cent to Rs 34.84 lakh crore in the last fiscal, reflecting broader fall in equity prices.

National Stock Exchange [NSE] and BSE -- alone accounted for 99.8 per cent of the cash turnover of all recognised bourses in the last fiscal, according to data compiled by market regulator Sebi. ‘The turnover of all stock exchanges in the cash segment declined by 25.6 per cent from Rs 46,85,034 crore to Rs 34,84,381 crore in 2011-12,’ Sebi said.

The regulator noted that the decline in trading volumes and turnover was ‘in consonance with the declining trend in equity prices’. Tthe turnover at NSE and BSE fell by 21.4 per cent and 39.6 per cent, respectively, in 2011-12 compared to the previous fiscal.    

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