Retail turnover from smaller cities jump 92% in Q1 FY15

Daily average retail turnover from smaller cities on the NSE stood at Rs 1,360 crore during the April-June quarter of 2013-14

Indicating broadening of the nation's capital markets, the daily average turnover on the NSE from retail investors in smaller cities surged by 92.6% to Rs 2,620 crore in the first quarter of 2014-15 over the same period of the preceding fiscal.

The daily average retail turnover from smaller cities (beyond top 100 cities) on the National Stock Exchange (NSE) stood at Rs 1,360 crore during the April-June quarter of 2013-14, latest data compiled by the bourse showed.

Besides, the number of investors trading from cities beyond the top 100 on the leading bourse increased by 30% to 6.06 lakh clients in April-June quarter of the current fiscal over the same period a year ago.

About 4.7 lakh clients were trading from these cities and towns in the first quarter of 2013-14.

"Trading activity of retail investors from cities beyond top 100 cities in the first quarter of current financial year equals to about 6% of GDP," the NSE said.

Overall, as many as 3.05 lakh new investors got registered on NSE platform during the first quarter of the current fiscal, taking the total investor base on the exchange to over 1.7 crore.

Meanwhile, the daily average turnover from non- institutional trades in NIFTY-based scrips jumped 56% to Rs 6,460 crore during the first three months of the current financial year.

NSE data also showed that the daily average volume for Exchange Trade Funds (ETFs) in April-June of 2014-15 stood at 132 crore, an increase of 66% from the last quarter of the previous financial year.

Daily average turnover of equity based ETF's was Rs 42 crore, "which is almost 5 times the daily average turnover in the first quarter of the previous financial year," NSE said.