Stock spurt fails to lift cash-market volumes in July, shows data

FPIs bought shares worth Rs 4,989 crore in July after being net-sellers since October

Trading volumes for the equities cash segment remained soft, even as the benchmark indices rallied nearly 9 per cent in July. Meanwhile, volumes in the futures and options (F&O) market dipped marginally, but continued to hover at record levels.

In July, the average daily turnover (ADTV) for the cash segment was Rs 46,602 crore, up 4.5 per cent month-on-month (MoM), but 26 per cent lower than the preceding 12-month average.

In June, ADTV at Rs 44,608 crore had dropped to its lowest level since March 2020.

The sharp spike in volatility has impacted retail investor sentiment, prompting it to restrict its trading activity.

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