Stock market turnover slides 43% in Jan-April this year

The country's stock exchanges saw their overall cash market turnover tumbling over 43% to Rs 15.95 lakh crore during the first four months of 2016 over the same period last year.

The equity market turnover on nation's three bourses - NSE, BSE and MSEI - stood at Rs 28.02 lakh crore during January-April period of 2015.

The National Stock Exchange (NSE) and BSE accounted for 99.9% of the cash turnover of all recognised bourses during the period under review while MSEI (formerly MCX-SX) recorded a marginal turnover of Rs 57 crore, according to the latest data compiled from stock exchanges.

Going by the data, the turnover at NSE and BSE fell by 12% and 22.5% respectively, during the period under review.

During January-April 2016, NSE's cash value stood at Rs 13.64 lakh crore while that of BSE touched Rs 2.3 lakh crore.

Of the total turnover, NSE took 85.4% share in cash market segment whereas BSE accounted for 14.5%.

Apart from BSE and NSE, MSEI reported a cash market value of Rs 57.01 crore, during the first four months of the the current year - significantly more than Rs 95 lakh witnessed in the same period year-ago.

In April, equity market turnover on NSE declined over 18% to Rs 3.57 lakh crore over the same month in 2015. The segment plunged nearly 13% month-on-month.

On the BSE, the equity value dropped 27% to Rs 49,174 crore, during April compared to the same period year-ago, while it dipped 20% compared to March 2016.

MSEI has witnessed slow down in its cash segment turnover since the crisis broke out at another Financial Technologies (India) Ltd (FTIL) group-promoted firm National Spot Exchange Limited (NSEL) few years ago.