The combined turnover of the derivatives segment on the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE) stood at Rs 40,961 crore in 2001.
The NSE wrested the initiative from the BSE, capturing the lion's share of 95.5 per cent. The NSE's volume in options and futures trading aggregated at Rs 39,006 crore while the BSE reported a turnover of Rs 1,955 crore.
Index futures and options aggregated a turnover of Rs 19,412 crore while individual stock options and futures reported a turnover of Rs 21,550 crore during the year.
Index and stock futures, which were introduced during 2001, were the most preferred derivative instruments in the stock markets. Futures volume accounted for 65.5 per cent of the total derivatives turnover at Rs 26,804 crore, while options aggregated a turnover of Rs 14,157crore.
The NSE was well ahead of the BSE with share of 93.1 per cent in index and stock futures (Rs 24,944 crore) and a share of 99.3 per cent in options (Rs 14,061 crore). The BSE's share in the options turnover was a paltry Rs 96 crore.
Satyam Computer Services was the most preferred stock on which derivatives were traded, accounting for 14.92 per cent of the total notional value of options and futures. The company aggregated a turnover of Rs 6,110 crore -- with Rs 3,014 in futures segment and 3,096 crore in stock options.
Infosys Technologies clocked a turnover of Rs 3,271 crore, with Rs 1,787 crore in futures and Rs 1,483 crore in options. Digital Global at Rs 1,926 crore, Reliance Industries at Rs 1,606 crore and Larsen & Toubro at Rs 1,421 crore were other most valuable contracts in the options and futures segments.
