New record on BSE: Turnover hits new record at Rs 192 Lakh Crore

In a historic feat, the Bombay Stock Exchange (BSE) has set a new record with over 29 crore contracts traded, reaching a peak Open Interest (OI) of 65.7, and boasting a remarkable notional turnover exceeding ₹192 lakh crore. The achievement marks a significant milestone in the exchange’s history and underscores the robust participation and confidence of market participants.

The staggering volume of 29.2 crore contracts traded reflects the heightened activity and engagement on the exchange, showcasing the trust investors and traders place in the BSE as a reliable platform for financial transactions. The peak Open Interest of 65.7 highlights the sustained interest and commitment of market participants to maintain and carry forward their positions, contributing to the overall market depth. However, the real standout figure is the notional turnover, which soared to ₹192.6 lakh crore.

Srivastava also said that, it’s crucial to understand that the stock market is just one facet of the economy and doesn’t necessarily encapsulate the broader economic challenges such as income inequality or employment rates. Moreover, stock markets are inherently volatile, and while a record high is a moment of celebration, it requires a balanced view considering the potential for future fluctuations.

The BSE remains optimistic about the future and is committed to further enhancing the trading experience for investors. As financial markets continue to evolve, the BSE’s record-breaking accomplishment sets a positive tone for the industry, reinforcing India’s position as a key player in the global financial arena.

“We are increasingly moving towards a trend of enhanced participation of domestic investors in the capital markets. This trend amplifies in economies moving from a $3tn to $5tn. We have also achieved the GDP of $4tn yesterday. Achieving a new record in Sensex enhances investor confidence and participation. We are seeing strong GDP numbers and domestic macros. While the markets have seen DII support over the last few months, we believe that India will attract significant FII and FDI capital over the coming quarters as interest rates settle,” said Divam Sharma, Founder and Fund Manager at Green Portfolio.

Market analysts attribute this record-breaking performance to the increasing vibrancy and resilience of the Indian financial markets, with a diverse range of participants contributing to the remarkable surge in trading activity. The BSE has expressed gratitude to all market participants for their pivotal role in this achievement.