Indian market turnover soars to record high of over Rs 7 L cr

Total F&O turnover at BSE rose to Rs 2,31,391 crore

The Indian capital markets' turnover today rose to a record high level of more than Rs 7 lakh crore, as leading bourse NSE witnessed a sharp surge in its trade volumes while BSE also recorded huge volumes.

Both the exchanges recorded huge volumes of futures and option (F&O) trades today on the day of expiry of current month derivative contracts.

The total F&O turnover at BSE rose to Rs 2,31,391 crore, up from about Rs 1.71 lakh crore yesterday. Earlier on Tuesday, BSE had witnessed a sudden surge in its F&O volumes and had also overtaken its larger rival NSE which traditionally commands over 80 per cent share in derivatives market.

With a sudden spike in trade volume of three Sensex option contracts, BSE on Jun 24 had recorded Futures & Options (F&O) turnover of Rs 3.36 lakh crore - higher than that of its bigger rival NSE (Rs 3.29 lakh crore) on that day.

At the end of today's trading, the total F&O turnover on NSE stood at Rs 4.29 lakh crore -- as against BSE's Rs 2.31 lakh crore.

The NSE also recorded equity market turnover of over Rs 20,000 crore, as against about Rs 3,300 crore of BSE in this segment.

Along with other market segments, BSE recorded total daily turnover of over Rs 2.40 lakh crore, while that of NSE exceeded Rs 4.60 lakh crore -- taking the combined total for the entire Indian capital markets to over Rs 7 lakh crore.

In the equity market, the BSE benchmark Sensex as well as NSE's Nifty closed with fall of about one per cent each.