Margin Norms Had Moderate Impact On Exchanges' Turnover In December: ICICI Securities
Traders work at a securities exchange in Mumbai, India (Photographer: Adeel Halim/Bloomberg)

Margin Norms Had Moderate Impact On Exchanges' Turnover In December: ICICI Securities

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

With effect from December 2020, Securities and Exchange Board of India mandated collection of upfront margin from clients equal to the higher of peak margin or end of the day (EOD) margin in intraday as well as delivery.

From the said date, brokers moved away from the EOD position to intraday peak margin for calculating the margin requirement.

In December, National Stock Exchange retail/overall cash average daily trading volume declined 2.5%/10% month-month-month while NSE retail/overall derivative turnover changed down 6.5%/up 3% month-on-month.

Multi Commodity Exchange of India Ltd. ADTV came in at Rs 300 billion in December. (down 9% month-on-month).

Click on the attachment to read the full report:

ICICI Securities Exchanges Sector.pdf


This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.

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