Exchange volumes improve in September, commodities decline

In the month, the cash average daily traded value (ADTV) of NSE was ₹68500 cr vs average ₹68900 crores during April-August. BSE September Cash ADTV was up 18% month-on-month ₹6100 crores.

On a year-on-year basis, the ADTVs of NSE and BSE were up 23% and 93% respectively. NSE’s cash segment market share stood at 91.8% in September.

In the month, the ADTV of NSE equity derivatives was up 20% above the notional turnover of both futures and options, while the BSE ADTV halved. NSE’s total equity derivatives ADTV in September was ₹69 trillion against ₹57 trillion in the last month. NSE options and futures ADTV up 20% and 13% sequentially ₹67 trillion and ₹1.2 lakh respectively. BSE Options ADTV down 46% ₹1.6 trillion, ICICI Securities said.

Mutual fund transactions for BSE and NSE grew 7.6% and 6.8%, respectively.

CDSL and NSDL added 2.4 million and 0.46 million demat accounts in terms of incremental market share during September, with CDSL at 86% in FY22.

Despite higher price support from some key commodities such as natural gas and crude oil, ADTV remains in ₹ICICI Securities said in a range of Rs 25000-26000 crore excluding the spike seen in May from March 2021.

“On MOM basis, the 2% increase in ADTV was purely on account of higher natural gas prices and increase in gold trading volume. Crude ADTV has remained low in the Futures segment, while it has remained consistently high in the Options segment. The sharp decline of 25 per cent in ADTV on a year-on-year basis is largely due to bullion.

The ADTVs of Gold and Silver have registered a decline of 50% on a year-on-year basis.

MCX Commodity Options ADTV’s growth continues at a strong pace, which has led to a strong pick-up in crude and gold options volumes in September. MCX Option ADTV for the month came ₹7640 crores.