BSE Beats NSE In F&O Market Share In April For The First Time: What Drove The Turnaround

The Bombay Stock Exchange (BSE) has, for the first time, recorded higher derivatives trading volumes than the National Stock Exchange (NSE) in April, ending the latter’s long-standing dominance in the segment.

BSE’s total notional turnover surged from Rs 4,274.76 lakh crore in March to Rs 5,377.73 lakh crore in April, registering 25.80 per cent month-on-month (m-o-m) growth. On the other hand, NSE's total notional turnover came down 21.65 per cent from Rs 5,536.94 lakh crore in March to Rs 4,338.20 lakh crore in April.

As a result, BSE's share of notional turnover increased to 55.35 per cent from 43.56 per cent in March, while NSE’s share contracted from 56.43 per cent to 44.65 per cent.

BSE’s average daily turnover (ADT) in equity derivatives grew by nearly 20 per cent in April to Rs 268.88 lakh crore on a month-on-month basis, whereas NSE’s notional ADT declined by about 26 per cent to Rs 216.90 lakh crore.

This is a developing story...