A flurry of block deals has helped cash trading volume on Indian bourses recover from their two-year lows. The 30-day average cash market turnover had dropped to $5.9 billionmid-July — the lowest in at least two years.
With promoters and private equity (PE) shareholders offloading shares, the 30-day average turnover has improved to $7.3 billion — a near-three-month high.
The NSE Nifty50 Index jumped about 17 per cent from a mid-June low through the end of last week, although equity prices have fallen in India and globally this week.
The rebound coincided with optimism that the US Federal Reserve