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Trading turnover on the National Stock Exchange and BSE on Tuesday witnessed a sharp decline as most traders stayed away ahead of the holidays. The Indian market will remain shut from Thursday till Monday on account of holidays and will re-open on Tuesday.
The cash market turnover on NSE and BSE combined stood at Rs 15,573 crore, down 26 per cent compared to the average daily turnover in September. The derivatives turnover at Rs 109,834 crore was nearly 60 per cent lower compared to the average daily turnover last month.
Brokers said that most participants refrained from taking large positions on account of the holidays amid rising global risk.
