Delivery-based volumes hit over eight - year low

Banking, refineries, information technology, telecommunications, pharmaceuticals and mining have seen a substantial fall in the average monthly delivery volumes from their March 2017 level

Average monthly stock delivery volumes on the BSE and NSE have dipped to 35.6 per cent in April, the lowest since November 2009. In April 2018, a little over one-third of the total traded quantity was converted into delivery, as compared to over half of the traded shares converted into delivery in March 2017.

According to the month-wise data compiled by Business Standard Research Bureau, the delivery ratio---the percentage of shares actually changing hands in relation to the total traded quantity — was about 35.6 per cent in April, the lowest in nearly eight years. 

In March 2017, however, this