Cash turnover up 17% in Nov: In buoyant mkt, trading volume sees recovery

After dropping to multi-month lows in October, stock trading volumes rose last month as the secondary market continued to be buoyant. The average daily trading volume (ADTV) for the cash segment rose to Rs 61,562 (National Stock Exchange, or NSE, and BSE combined) — a gain of 17 per cent month-on-month (MoM) and reverting to the previous 10-month average.

The ADTV for the futures and options segment (both NSE and BSE combined) stood at Rs 147.5 trillion — a gain of 2 per cent MoM.

Trading volumes tend to jump whenever markets rally. Hopes that the US Federal Reserve might