NSE debut boosts BSE's cash market turnover
Mumbai, Sept. 24 -- National Stock Exchange Ltd (NSE), which made its much-awaited stock-market debut on Thursday, contributed well over two-fifths of rival BSE's cash turnover, indicating a Day 1 trading frenzy in the scrip on Asia's oldest equity bourse.
The NSE stock notched up a turnover of Rs.9,483.28 crore, which was 46% of BSE's total equity cash turnover of Rs.20,672.36 crore, showed exchange data. It was the top traded stock by turnover.
The BSE's overall turnover on Thursday was more than twice its average daily cash turnover of Rs.10,117 crore so far this fiscal year, thanks to the NSE listing.
This will help BSE marginally increase its cash market turnover share from about 7% currently, according to market analysts. Indian ...
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