NSE Sees Record Number of Trades on Election Results Day
National Stock Exchange (NSE) on Friday said it witnessed a record volume of trades at 1.18 crore in cash segment on a day Narendra Modi stormed to power at Centre giving the Bhartiya Janata Party (BJP) its highest-ever tally in the Lok Sabha elections.
Besides, the bourse also recorded its highest-ever trades in equity derivative segment at 52.41 lakh.
NSE recorded trades worth Rs 52,135.17 crore in the index futures and Rs 3.14 lakh crore in index options, the maximum recorded in a day so far, according to data.
Total turnover from equity derivatives stood at a record of about Rs 4.37 lakh crore on Friday.
These were the highest levels recorded on the stock exchange for a day, the exchange said.
Investors use equity derivatives to hedge the risk associated with taking a position in stock by setting limits to the losses incurred by either a short or long position in a company's shares.
Meanwhile, BSE on this day saw a total of 2.37 lakh contracts traded on its equity derivative segment amounting to a turnover of Rs 7,749.44 crore.
On the cash segment, BSE recorded a turnover of Rs 6,808.44 crore.
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