5 cities account for more than 75% of cash volumes
Cash volumes are said to be representative of a more long-term market view than the short-term horizon of derivative trades
)
Click on graphic
Census data show at least 53 cities in India with a population of a million and puts the number of towns at 7,935. The top five cities, including Mumbai, Delhi and Kolkata, account for about three-quarters of cash turnover on the two major exchanges, the data show.
Cash volumes are said to be representative of a more long-term market view than the short-term horizon of derivative trades, experts say. Interestingly, the financial capital continues to account for more than half the overall cash volumes.
Cash volumes are said to be representative of a more long-term market view than the short-term horizon of derivative trades, experts say. Interestingly, the financial capital continues to account for more than half the overall cash volumes.
Don't miss the most important news and views of the day. Get them on our Telegram channel
First Published: Dec 01 2014 | 12:03 AM IST