Mumbai: There has been a significant decline in the average daily business in both cash and derivative segments in the current month due to excessive instability in the Indian stock market due to global uncertainty.
According to BSE and NSE data, the average daily business in cash on both exchanges has gone below Rs 1 lakh crore in the current month, which is the first time since November 2023.
Not only this, in February, there has been a decline in business in the eighth consecutive month.
The figure was Rs 1.10 lakh crore in January.
The average business in futures and options has fallen to Rs 185.39 lakh crore, which is the lowest since December 2022, ie at a two -year low.
The figure was Rs 298 trillion in January and in December 2024 it will be Rs 280 trillion.
Since December, SEBI has applied weekly termination and high extreme loss margin standard for each exchange. In addition, the Intrade Monitoring of Position Rules are also applying from 1 April, which is likely to decline in the trading volume.
Apart from benchmark indices from October last year, there is a rapid decline in midcap, smallcap and sectoral indices, which has reduced investors’ enthusiasm.
So far, Sensex and Nifty have fallen by 3 per cent in February, while BSE midcap has fallen by 6 per cent and smallcap index by 8 per cent.
An analyst stated that investors are not only avoiding taking risk due to geopolitical stress, but also due to the recent increase in deposits by banks in deposits.
Last week, the Reserve Bank data showed that due to the fluctuations in the stock market, the share of the fixed deposit in the financial system has increased again.
