Indian bourses perform better than global peers in tough year
Amid turbulent times for the stock markets across the world, the equity turnover fell on Indian bourses as well in 2012, but the fall was meagre at 1.57 per cent when compared to the global average.
Globally, the equity turnover fell sharply by 14.7 per cent, while the fall was nearly 8 per cent for the bourses in Asia Pacific region as well.
On the other hand, the collective equity trade volume of two Indian bourses, NSE and BSE, fell by 1.57 per cent to 161.74 crore during January-November period of 2012, as per data from the World Federation of Exchanges (WFE).
The total number of equity trades on the exchanges across the world was 907 crore for the same period. Indian markets are expected to further improve their tally in 2013, as a new bourse MCX-SX is expected to begin operations as a full-fledged stock exchange.
The Asia pacific region registered a decline of nearly 8 per cent to 533.4 crore trades in January-November period of 2012. The global data for December is still awaited as one last trading session would take place tomorrow.
Experts said economic uncertainty across the globe, political deadlock in Europe, fiscal cliff debate in the US, policy logjam in India and lack of trading opportunities were main reasons for fall in equity trading in India and rest of the world.
Individually, National Stock Exchange (NSE) recorded 129 crore equity trades, showing a marginal improvement of one per cent compared to 2011, and grabbing the mantle as the top bourse among
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