NSE - Traders have left the building
November 20th, 2008
Cash segment turnover at the NSE was 7794 crore. F&O turnvoer was 37984 crore. This is at a time when the Nifty is hugely oversold and getting more so, and November F&O expiry is only a week away. Where have all the investors / traders gone? The last time we saw average turnover of Rs 8k-10k crore in the CM was August 2007.
This sucks. Impact costs have risen significantly, whipsaws more common and the trend in trading volumes remains down.
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