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The cash equity segment on MCX SX saw trading worth measly Rs 50 lakh. Equity trading on MCX SX has been a slow starter with negligible volumes generated since February 12.
Over 15,000 contracts of single equity futures were traded on MCX SX today. Rival's of the Financial Technologies promoted bourse, the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE) are big on options trading.
MCX SX is likely to trade its benchmark equity index SX-40 from next month, market sources said. On an average, the NSE and BSE generate a turnover of around Rs 1.5 lakh crore daily.
Under its incentive scheme, MCX SX is paying market participants for trading in both equity cash and derivative segment. A recent cut in the securities transaction tax is likely to boost equity futures volumes.
