NSE witnesses record number of trades as investors get busy

Leading stock exchange NSE today said it witnessed a record volume of trades at 1.18 crore in cash segment on a day Narendra Modi stormed to power at Centre giving BJP its highest-ever tally in the Lok Sabha elections.

Besides, the bourse today also recorded its highest-ever trades in equity derivative segment at 52.41 lakh.

The NSE recorded trades worth Rs 52,135.17 crore in the index futures and Rs 3.14 lakh crore in index options, the maximum recorded in a day so far, data shows.

The total turnover from equity derivatives stood at a record of about Rs 4.37 lakh crore today.
 

These were the highest levels recorded on the stock exchange for a day, it said.

Investors use equity derivatives to hedge the risk associated with taking a position in stock by setting limits to the losses incurred by either a short or long position in a company's shares.

Meanwhile, BSE today saw a total of 2.37 lakh contracts traded on its equity derivative segment amounting to a turnover of Rs 7,749.44 crore.

On the cash segment, the BSE recorded a turnover of Rs 6,808.44 crore.