Marking a decline for the first time in the current fiscal, equity derivative turnover on premiere bourse National Stock Exchange (NSE) fell by nearly 9 percent to about Rs 32 lakh crore in June.
“The monthly turnover in equity derivative market at NSE decreased by 8.9 percent from Rs 35,03,801 crore in May 2013 to Rs 31,90,887 crore in June 2013,” Securities and Exchange Board of India (Sebi) said in its latest monthly report. The exchange had recorded a derivative turnover of about Rs 30 lakh crore in April 2013.
In terms of volumes, equity derivative contracts traded on NSE platform declined by 4.16 per cent to 11 crore compared to the previous month. In comparison, BSE which is generally a lesser preferred bourse for derivative trading compared to NSE, continued its uphill movement with Rs 6.73 lakh crore monthly turnover in equity derivative market in June -- a rise of 7.5 per cent compared to the preceding month.
BSE's monthly turnover in derivative market had nearly doubled to Rs 6.26 lakh crore in May -- marking the strongest recovery for the bourse in three months.