MCX-SX turnover climbs to Rs 30.9 cr in March

MCX-SX, the latest entrant in the capital markets, has recorded a turnover of Rs 30.9 crore in March this year -- a massive jump from its dismal Rs 2.5 crore in the preceding month.

"The monthly turnover at MCX-SX...Increased many times to Rs 30.9 crore in cash segment in March 2013 from Rs 2.5 crore registered in its debutant month," Securities and Exchange Board of India (Sebi) said in its latest monthly report.

However, the bourse which commenced live trading in equities on February 11, this year, lags way behind the turnover recorded by its rivals National Stock Exchange (NSE) and BSE.

The monthly turnover of NSE stood at Rs 2.12 lakh crore, while that of BSE was Rs 39,745 crore.

Meanwhile, the total market capitalisation of companies permitted to trade on MCX-SX platform declined 2.5% to Rs 61.96 lakh crore in the cash segment as on March 28, 2013.

"The market capitalisation of MCX-SX...Decreased by 2.5% to Rs 61,96,199 crore as on March 28, 2013 from Rs 63,57,476 crore on February 28, 2013," the regulator said.

The bourse's market value is just a shade behind that of NSE and BSE.

For March, market cap of NSE and BSE stood at Rs 62.39 lakh crore and Rs 63.88 lakh crore, respectively.

In the derivative segment, MCX-SX turnover rose to Rs 7,897 crore in March 2013 as compared to Rs 160 crore in February. Of these, stock futures registered highest turnover of Rs 7,855 crore.

City-wise, financial capital Mumbai represented the maximum share (57.3%) in MCX-SX's turnover in cash segment. Mumbai was followed by Kolkata (13.5%) and Baroda (4%) share in turnover.

The bourse recently announced trading in futures and options (F&O) on its index SX40 from May 15, 2013.

Besides, the stock exchange has started its listing services with three companies, including FMCG major Dabur India to have listed their securities on the capital market segment of the exchange.