MCX-SX cash segment turnover up 8 per cent, still lags behind BSE and NSE

MCX-SX, India's newest bourse, has reported a 8 per cent rise to Rs 33.4 crore in its turnover in the cash segment in April, compared to the previous month.

In March, the bourse had recorded a turnover of Rs 30.9 crore in the segment.

According to data available with the Securities and Exchange Board of India (Sebi), turnover at MCX-SX' equity derivative segment declined 16.3 per cent to Rs 6,607 crore in April.

The number of derivative contracts on the bourse came down to 2.49 lakh in April from 2.69 lakh in March.

According to the city-wise data, Mumbai represented the maximum share (40.9 per cent) of MCX-SX's turnover in cash segment. It was followed by Kolkata (20 per cent), Baroda (6.8 per cent) and Delhi (5.5 per cent) in terms of percentage of share in turnover.

MCX-SX, which had begun live trading in equities earlier this year, is significantly trailing behind its rivals - National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) - both in terms of turnover in cash segment and the derivative category.

The monthly turnover of NSE in the cash segment stood at Rs 2.10 lakh crore, while its turnover from derivative trading amounted to Rs 30.10 lakh crore.

BSE's monthly turnover in cash and derivative segment stood at Rs 40,980 crore and Rs 3.14 lakh crore, respectively.

Meanwhile, the market capitalisation of firms permitted to trade on MCX-SX platform rose 4.2 per cent to Rs 64.58 lakh crore in April, nearly same as the market cap of BSE and NSE.

For April, the valuation of NSE and BSE stood at Rs 64.90 lakh crore and Rs 66.45 lakh crore respectively.

With inputs from PTI