Delivery volumes at 10-yr low even as benchmark indices hit new highs

Investors wary of taking long-term positions to avoid large losses

Delivery-based volumes have continued to slide this year, even as the benchmark indices touched new highs. According to experts, investors have taken to squaring up a large portion of their trades intra-day, to avoid bearing large losses on their trade or to book small profits, rather than carry over their position to the next day. Market players added that falling delivery-based volumes were a sign of a bearish undercurrent in the market.

Delivery-based trades have been declining since April 2019. For November, they stood at  33.2  per cent, even as the average daily cash market turnover for the month surged