- Wealth PMS
Economic Times: Internet-based trading turnover of NSE falls.
Turnover from internet-based trading at the National Stock Exchange (NSE) plunged to a daily average of Rs 1,648 crore between February 1 and February 8, compared with Rs 3,450 crore in January, Rs 3,587 crore in December and Rs 4,417 crore in November in the exchange’s cash market segment.
It now accounts for just 12% of NSE’s total cash turnover, compared with a high of 24% in November last year. Stock brokers providing internet trading facility agree that the turnover has taken a big hit in the past few weeks. They, however, hope the situation will improve after the market gained some ground last week.
Pretty lousy, huh?