The overall derivatives turnover on the exchanges this month touched a record high amid a surge in volatility and greater institutional participation, especially from overseas investors.
The daily average turnover in the F&O (futures & options) segment for December stood at Rs 31.44 trillion, a 2.6 per cent gain over the previous month and 58 per cent higher than the average turnover clocked for the entire year, the exchange data showed.
The month was characterised by wild swings, with gains of 8 per cent for the benchmark indices. Easy liquidity led foreign portfolio investors (FPIs) to purchase stocks worth Rs 51,120 crore,