Chhota Sensex prevails over mini-Nifty for second day

Chhota Sensex attracted more turnover than National Stock Exchange's Mini-Nifty for the second day running, as the mini-contracts based on the two popular indices attract interest from traders and retail investors alike.

While the mini-Nifty attracted transactions worth Rs 191.67 crore, the Chhota-Sensex of rival Bombay Stock Exchange clocked a turnover of Rs 200.01 crore on Wednesday.

However, in terms of traded quantity, the mini-Nifty outsmarted the mini-contracts of Sensex by a big margin - 312,540 versus 98,185 for the Chhota-Sensex.

Capital markets regulator Sebi had last week permitted both BSE and NSE to launch derivatives trading in mini-contracts based on their respective indices. The move was aimed at attracting more retail investors towards derivatives trading.

The lot size for Chhota-Sensex is 5, while it is 20 for mini-Nifty.

Despite the rising turnover in Chhota Sensex, NSE has a near monopoly in the derivatives segment. For instance, on Wednesday, the total turnover on NSE's derivatives segment was Rs 74,186 crore compared with BSE's Rs 1,155 crore.

The volume in the standard Nifty contracts stood at Rs 19,687 crore, compared with Sensex's Rs 955.17 crore.