A sharp stock market recovery in March 2025 has revived trading activity on Indian exchanges. The average daily trading volume (ADTV) in the cash segment rose 12 per cent month-on-month (M-o-M) to ₹1.04 trillion, while the derivatives segment jumped 23 per cent to ₹352 trillion (notional turnover for options).
This pickup follows a tough stretch: cash market turnover fell M-o-M in seven of the eight months from July 2024 to February 2025, reaching a 15-month low, while derivatives ADTV slid over the previous five months due to regulatory tightening and market weakness.
The rebound coincides with strong market gains. The

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