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F&O segment dominates turnover sweepstakes

MARKETS IN THE FIRST-HALF OF 2005-06

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B G Shirsat Mumbai
Last Updated : Jan 28 2013 | 5:12 PM IST
National Stock Exchange corners 88.63% of total turnover.
 
The financial markets clocked a turnover of Rs 31,541,89 crore during the first half ended September 2005, up 29.9 per cent over last year's turnover of Rs 24, 27,768 crore for the same period.
 
The financial markets include equity, derivatives and wholesale debt markets.
 
The derivatives segment dominated the turnover growth, with its share in the total market turnover increasing from 45.5 per cent in April-September 2004 to 55.7 per cent in April-September 2005. The turnover in derivatives increased 59 per cent from Rs 11,04,317 crore to Rs 17,55,825 crore.
 
The cash markets segment improved its share in the total turnover from 32.9 per cent to 33.4 per cent as its turnover increased by 31.84 per cent from Rs 798,667 crore to Rs 10,529,76 crore.
 
The debt markets, however, registered a fall with the share in the total turnover dipping from 21.6 per cent to 10.9 per cent. Also, the debt markets turnover declined by 34.2 per cent from Rs 524,784 crore to Rs 345,388 crore.
 
The National Stock Exchange (NSE) dominated the show in all three segments of the financial markets acquiring 88.63 per cent (89.86 per cent) of the total turnover.
 
The only consolation for BSE was that its share in the total volume improved marginally from 10.14 per cent in April-September 2004 to 11.37 per cent in April-September 2005.
 
The NSE aggregated a turnover of Rs 27, 95,513 crore in all the three financial markets, up 29.92 per cent over the turnover of Rs 21,81,600 crore achieved during the corresponding first half of the fiscal 2004-05.
 
BSE's aggregated turnover of Rs 358,676 crore, up 45.70 per cent over the turnover of Rs 246,167 crore. For the BSE, cash markets accounted for almost 100 per cent turnover.
 
The top 10 stocks in each of three financial markets dominated the show with aggregate share of over 50 per cent in April-September 2005.
 
However, the share in the total turnover declined from the high of 62.2 per cent in April-September 2004 to 53.3 per cent in April-September 2005.
 
The equity markets saw the emergence of non-A group stocks in the turnover sweepstakes. The share of A group stocks in the total turnover declined steeply from 89.07 per cent in April-September 2004 to 63.11 per cent in April-September 2005.
 
The non-A group stocks which accounted for a miniscule share of 10.93 per cent last year forged ahead to grab 36.89 per cent share in total turnover.
 
The Top 10 stocks in the derivatives segment accounted for 65.73 per cent share with the Nifty contract cornering a 35.14 per cent share.
 
In the derivatives segment too, the top 10 contracts lost its share largely on account of increase of derivatives instrument from 52 in April-September 2004 to 122 in April-September 2005.
 

THE BIG PICTURE

H1 turnover in Rs crore

H1 of 2005

H1 of 2006

Cash

798667.35

1052975.70

Derivatives

1104316.77

1755825.19

WDM in NSE

524783.94

345388.17

H1 Turnover toppers - scripwise

In Rs crore (NSE + BSE)

H1 of 2005

H1 of 2006

Reliance Ind

58053.36

69859.10

Reliance Capital

3380.97

43917.30

Infosys Technologies

38543.65

33256.14

Satyam Computer Services

37425.44

30379.07

SBI

41658.03

30083.80

Tata Steel

53192.16

28188.67

SRF

94.90

18230.04

H1 Turnover toppers - sectoral in Rs crore (NSE + BSE)

Information technology

129253.99

159040.28

Banks

104289.65

92225.27

Diversified

67526.84

85985.02

NBFC

8533.16

72643.20

Pharmaceutical

39883.25

44858.53

Steel/composite/alloys

75717.38

44854.53

Telecommunication

18522.34

43855.94

 

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First Published: Oct 13 2005 | 12:00 AM IST

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