Trade turnover climbs to new record highs in June, data shows

Average daily turnover (ADTV) for both the cash and derivatives segments touched new all-time highs in June as election-related volatility created opportunities for both trades and investors. The ADTV for the cash segment rose 38 percent month-on-month (MoM) to Rs 1.65 trillion, surpassing the previous record of Rs 1.28 in February. After three months of decline, the ADTV for the futures and options (F&O) segment rose 18 percent MoM to Rs 494.7 trillion, surpassing the previous record of Rs 483.2 trillion in February. The benchmark Nifty rose nearly 7 percent in June, its biggest monthly increase in six months. The broader market Nifty Midcap 100 and Nifty Smallcap 100 rose 7.8 percent and 9.7 percent, respectively. The gains come amid positive flows from both foreign and domestic institutional investors. Experts said the market’s sustained gains from the election day lows boosted trading activity. Both the Sensex and the Nifty closed at fresh record highs in 10 of the 18 trading sessions last month.