Amid market weakness, delivery-based trades hit an 11-month high in March

Among sectors, stocks of banks, cement, chemicals, engineering, agro chemicals, automobiles, fast moving consumer goods (FMCG), sugar, aviation have seen increase in delivery-based trades.

Investors have been lapping up stocks at lower levels, which has not only pushed the indices higher from their recent bottom, but has also seen a steady rise in delivery-based trades. In March, delivery-based volume rose to 11-month high as investors became aggressive and more confident in taking delivery positions after stocks fell like ninepins over past one-and-half months.

The benchmark indices reported their worst performance in more than one decade as coronavirus (Covid-19) – led lockdown across major countries across the globe triggered fears of a recession. The S&P BSE Sensex had tanked 23 per cent in March, its