GalaTime

December 1, 2008

Turn-over turning over

Filed under: statistics — Kaushik @ 5:32 pm

Today’s turnover statistics at the NSE:

  • Cash segment: Rs 8392 cr
  • F&O segment: Rs 32155 cr (Single stock futures at 7363 cr!)

This is abysmal. This on a day when the Nifty had a 150-point (5.5%) intraday range. What happens when the volatility dies down? I’ve written before about how this isn’t good for traders or brokers.

Take a look at some of these 2003-2004 articles:

These talk about the plights of small & mid sized brokers, especially with the advent of online trading. And remember that this is 2003; the big drop in the markets happened in 2000 & 2001. Can’t imagine a pleasant 2009/2010 for the (thousands of) brokers / sub-brokers in India.

PS: FIIs net purchases were 28 cr. DIIs net purchases were 49 cr. WTF?

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DISCLAIMER: The author is not a registered stockbroker nor a registered advisor and does not give investment advice. His comments are an expression of opinion only and should not be construed in any manner whatsoever as recommendations to buy or sell a stock, option, future, bond, commodity, index or any other financial instrument at any time. While he believes his statements to be true, they always depend on the reliability of his own credible sources. The author recommends that you consult with a qualified investment advisor, one licensed by appropriate regulatory agencies in your legal jurisdiction, before making any investment decisions, and that you confirm the facts on your own before making important investment commitments.