Stock mkt turnover slides 25% to Rs 34.84 lakh cr last fiscal
New Delhi: Stock exchanges saw their overall cash market turnover tumbling by over 25 percent to Rs 34.84 lakh crore in the last fiscal, reflecting broader fall in equity prices.
National Stock Exchange (NSE) and BSE -- alone accounted for 99.8 percent of the cash turnover of all recognised bourses in the last fiscal, according to data compiled by market regulator Sebi.
"The turnover of all stock exchanges in the cash segment declined by 25.6 percent from Rs 46,85,034 crore to Rs 34,84,381 crore in 2011-12," Sebi said.
The regulator, in its annual report, noted that the decline in trading volumes and turnover was "in consonance with the declining trend in equity prices".
Going by the data, the turnover at NSE and BSE fell by 21.4 percent and 39.6 percent, respectively, in 2011-12 compared to the previous fiscal.
In the last financial year, NSE's cash turnover was Rs 28.10 lakh crore while that of BSE touched Rs 6.67 lakh crore.
"BSE and NSE together contributed 99.8 percent of the turnover, of which NSE accounted for 80.7 percent in the total turnover in cash market whereas BSE accounted for 19.2 percent of the total," Sebi said.
Apart from NSE and BSE, Calcutta Stock Exchange also recorded cash turnover in the last financial year.
"There was hardly any transaction on other stock exchanges," the report noted.
Market capitalisation of NSE fell 9 percent to Rs 60.96 lakh crore in 2011-12 compared to the previous fiscal.
At BSE too, market capitalisation dropped by 9.1 percent to Rs 62.14 lakh crore in the last financial year compared to the same period a year ago.
The market valuation of BSE's benchmark 30-share index -- Sensex -- fell 6.2 percent in 2011-12 period.
Among the top 20 cities in terms of highest turnover in the cash segment, financial hub "Mumbai/Thane" was on top on both the NSE and the BSE.
The report showed that last fiscal, Mumbai/Thane made up for 60.4 percent with Rs 16.98 lakh crore turnover on the NSE, while on the BSE, this area Mumbai/Thane accounted for 39.4 percent at Rs 2.63 lakh crore.
In terms of cash turnover, "Calcutta/Howrah" came second on the NSE. Whereas on the BSE, the second spot was garnered by "Delhi/Ghaziabad".
The turnover trends also reflected the broadening and widening of the geographical reach of the capital market, Sebi said.