Volumes spurt in Bank Nifty on news flow; average daily turnover rises 27%

The Bank Nifty fell a little more than 10 per cent during the two months

Traders are making the most of the hectic news flow in the banking sector. The daily average volume for the Bank Nifty index in March rose 27 per cent over the previous month and was 41 per cent more than the January turnover, according to the National Stock Exchange (NSE) data.

In March, the average daily turnover (ADT) of the Bank Nifty index in the futures and options (F&O) segment stood at Rs 5.3 trillion. In comparison, the ADT for the index, a gauge for the performance of banking stocks, in February stood at Rs 4.2 trillion and was Rs 3.7