Indian Exchanges - Derivatives Continue To Lead Growth In Sep; Commodities Remain Laggard: ICICI Securities

Indian Exchanges - Derivatives Continue To Lead Growth In Sep; Commodities Remain Laggard: ICICI Securities

Stock brokers trade at a brokerage firm in Mumbai, India. (Photographer Kuni Takahashi/Bloomberg)

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

ICICI Securities Report

Exchange volumes in September 2021 improved sequentially in all segments.

Cash average daily turnover for NSE / BSE Ltd. grew 9% / 18% month-on-month respectively.

NSE equity derivatives’ ADTV was up 20% month-on-month driven by both futures and options’ notional turnover while BSE ADTV halved in Sep-21.

Mutual fund transactions grew 7.6% / 6.8% month-on-month for BSE / NSE.

In currency derivatives, NSE / BSE reported growth of 32% / 6% month-on-month.

Multi Commodity Exchange of India Ltd.'s ADTV stood at Rs 256 billion in Sep-21 versus Rs 250 billion in August 2021.

National Commodity and Derivatives Exchange Ltd. reported ADTV of Rs 18 billion, down 25% month-on-month, in Sep-21.

Click on the attachment to read the full report:

ICICI Securities Exchanges Tracker September.pdf
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