People walk past the Bombay Stock Exchange (BSE) building, in Mumbai (Photo: PTI)
Cash volumes dropped 16 per cent month-on-month in May as a sharp spike in volatility weighed on investor participation. The combined average daily turnover (ADTV) in the equity cash segment of the NSE and BSE stood at Rs 61,710 crore, compared with Rs 73,245 crore in April. The ADTV for May was the lowest since December.
Experts said wild swings in stock prices seen last month deterred investors from mounting aggressive bets in the market.
“Volumes increase in a bull market, and when markets become volatile, the participation of retail investors reduces. Because we had most of the stocks coming down from their 52-week highs, [there was] a reduction in volume on the retail side. Retail investors, unlike HNIs (high networth individuals),
First Published: Jun 02 2022 | 5:41 PM IST