Equity markets lost sheen in Q3; MCX posts 42.6% gain in total income

Power trading platform Indian Energy Exchange recorded a 17.7% gain in profit to Rs 42.62 crore

Equities may not be the most exciting market to be in, even if you are a stock exchange.

The two equity bourses in India saw significant slowdown in total income and profit, in the December quarter (Q3). A combination of fewer listings and falling ‘average daily traded value’ contributed to the drag in Q3. Non-equity bourses have shown sharper gains over the same period, according to an analysis of quarterly numbers.  

The equity-focused National Stock Exchange and the BSE posted a combined increase of 11.9 per cent in total income, on a year-on-year (YoY) basis. Total expenses grew slightly faster, at 12.5