NSE Trading Volume Has Been Double In June Due To Covid-19

Reversing Covid trends NSE trading volume has double since last Year June 19 figures. Seems like a good run for the stock exchanges irrespective of the market going up or down.

The stock market space is emerging as a bright spot amid the economic gloom in the country. Trading turnover in the cash market segment of both National Stock Exchange (NSE) and BSE nearly doubled in June on a year-on-year (YoY) basis.

The average daily trading volume (ADTV) for June on the NSE was Rs 61,400 crore, a YoY jump of 95 per cent. The BSE’s ADTV of Rs 5,000 crore, too, was double the June 2019 figure, the data compiled by ICICI Securities showed. Equity and currency derivatives, and mutual fund (MF) trading also witnessed a jump in volumes. The buoyancy in the stock market, especially in the broader markets, coupled with the entry of new investors, has increased activity, said experts.

“The spurt in volumes in June was mainly driven by the market volatility and positive sentiment around mid-cap and small-cap stocks. Also, work-from-home is helping clients connect with the markets through digital tools. Of the total number of accounts being opened across broking houses, about 60 per cent are new investors and many of them are coming from tier- II & III cities,” said Ajay Menon, MD & CEO, Motilal Oswal Broking and Distribution.

Sandip Ginodia , Director

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We deal in over 60 unlisted companies with 15 years of experience .

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