ICICI Securities: Indian Exchanges’ Volume Growth Continues Across Segments In November
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ICICI Securities Report
In November 2020, cash volume was robust for National Stock Exchange and Bombay Stock Exchange, average daily turnover volume grew 60% and 30%, respectively.
NSE derivatives ADTV grew by a robust two times YoY in November 2020 lead by 115% YoY growth in options ADTV.
Multi Commodity Exchange of India Ltd.’s commodity ADTV ex-crude was up 63% YoY. Overall MCX ADTV was up 2% YoY in November 2020.
Crude futures saw a month-on-month increase of 17%.
Currency derivatives ADTV rose 14% YoY in November 2020 (NSE up 45% YoY and BSE down 28% YoY).
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