Cash-market volumes have slipped to pre-pandemic levels this month, even as equity derivative volumes hover close to record highs. The average daily turnover (ADTV) for the cash segment was around Rs 48,011 crore until June 22, the lowest since February 2020, when it was below Rs 40,000 crore.
This represents a 22 per cent month-on-month decline, and a 35 per cent fall when compared with April. Meanwhile, the ADTV for the equity derivatives segment this month is around Rs 106 trillion (notional figure).
Industry players said the spike in volatility seen in the market this month had taken a toll on retail