ICICI Securities: Indian Exchanges Monthly Tracker – Turnovers Continue To Build Robust Momentum 
Brokers speak on the telephone during trading hours inside a dealing room in Mumbai, India. (Photographer Abhijit Bhatlekar/Bloomberg)

ICICI Securities: Indian Exchanges Monthly Tracker – Turnovers Continue To Build Robust Momentum 

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

ICICI Securities Report

In July 2020, cash volume continued momentum (National Stock Exchange and Bombay Stock Exchange’s average daily trading value grew 89% and 66% YoY), NSE derivatives ADTV grew 54% YoY and Multi Commodity Exchange of India commodity ADTV ex-crude was up 72% YoY.

Overall MCX ADTV also grew 18% YoY in July 2020 and most segments showed volume as well as value growth month-on-month.

In July 2020, NSE’s ADTV came in at Rs 586 billion, up 89.2% YoY, clocking seventh consecutive month of healthy growth. Number of trades grew 54% YoY in July 2020 (positive for Central Depository Services India Ltd.).

BSE’s July 2020 cash ADTV was Rs 34.8 billion, up 66% YoY. BSE’s exclusive segment came in at Rs 651 million, up 102% YoY.

On month-on-month basis, NSE cash ADTV declined by modest 5% in July compared to 30% in case of BSE. Number of trades were down 8% month-on-month in July 2020 for both NSE as well as BSE.

NSE’s market share stood at 94.4% in July 2020. FY21-TD, NSE’s market share in equity cash segment stands at 94% versus 93% in FY20 and 91% in FY19.

Click on the attachment to read the full report:

ICICI Securities India Exchanges Tracker_Aug20.pdf

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