The cash market turnover on the Bombay Stock Exchange (BSE) on Tuesday surpassed that of the National Stock Exchange (NSE), which corners a lion's share of equity trading in the country. This is for the first time in nearly eight years that BSE has topped the turnover chart in the cash segment of the equity market.
BSE recorded a cash market turnover of Rs 12,832 crore against NSE's turnover of Rs 10,813 crore on Tuesday. The turnover was 18 per cent higher on BSE and it rose on the back of the mega-crore block deal in the Cairn India counter.
BSE is fighting NSE's monopoly in the cash and derivative segments of equity trading. On average, cash equity worth nearly Rs 15 crore is traded in domestic markets, of which 21-23 per cent turnover is recorded on BSE and the rest on NSE.
Interestingly, BSE's derivative segment too has witnessed activity. In the past three months, it has witnessed trades of over Rs 192 crore in the equity derivative segment from nil turnover. NSE sees over Rs 1 lakh crore of average daily trades in the segment.
