MCX-SX cash segment turnover rises 39% in June

Continuing with a strong and steady performance, country's latest stock exchange MCX-SX' turnover in the cash segment surged 39.2% to Rs 2,972 crore in June, according to latest data by market regulator Sebi.

 

"...The monthly turnover (in cash segment) at MCX-SX increased by 39.2% from Rs 2,135.3 crore in May 2013 to Rs 2,972.3 crore in June 2013," Securities and Exchange Board of India (Sebi) said in its latest monthly report.

 

MCX-SX's also recorded a strong growth in the equity derivative segment in June with a turnover of Rs 15,484 crore, an increase of 40% from the preceding month.

 

The number of derivative contracts on the exchange grew to 5.65 lakh in June from 3.97 lakh in May, this year.

 

While Sebi's monthly report has cited data till June-end only, the exchange data shows that the MCX-SX's benchmark index SX40 reached a record derivative contract turnover of Rs 1,925.74 crore, last week.

 

Besides, SX40 average daily volumes in futures and options (F&O) segment has doubled to about Rs 1,000 crore in July from Rs 500 crore in June.

 

However, MCX-SX which had begun live trading in equities in February this year, continues to lag behind its larger and older rivals -- NSE and BSE -- in terms of cash and derivative market turnovers.

 

For June, the monthly turnover of NSE in the cash segment stood at about Rs 2 lakh crore, while its turnover from derivative trading amounted to nearly Rs 32 lakh crore.

 

BSE's monthy turnover in cash and derivative segment stood at Rs 36,377 crore and Rs 6.73 lakh crore, respectively.

 

Meanwhile, MCX-SX market value dropped 4.2% to Rs 62.14 lakh crore as on June 28, according Sebi data.

 

The market capitalisation of MCX-SX is not far behind NSE and BSE.

 

While NSE market cap stood at Rs 62.48 lakh crore, BSE recorded Rs 64.05 lakh crore valuation in June.

 

City-wise data revealed that national capital, Delhi, represented the maximum share (36.1%) in MCX-SX's turnover in cash segment. Delhi was closely followed by Mumbai with a share of 31.2%.