Volumes sustain in September despite new margin, share pledge norms

Cash market average daily turnover value stood at Rs 58,700 cr last month

The cash market turnover remained strong in September despite the introduction of norms on new margin collection and share-pledging by the Securities and Exchange Board of India (Sebi). 

The average daily turnover value (ADTV) in the month stood at Rs 58,697 crore, down 10 per cent month-on-month (MoM) but up a sharp 47 per cent year-on-year (YoY). 

Many market participants had feared the new upfront margin collection norms, coupled with the disruption caused by new margin pledge and re-pledge norms, would make a dent in trading volumes. Market players said after some teething issues, the new system stabilised within days, which helped