FII share in stock market’s cash turnover drops sharply; smaller cities take the lead
Sebi data showed, the share of FPIs in BSE’s total cash market turnover fell sharply to 10.4% in December 2015 from as much as 21.50% in March 2015.
By Amit Mudgill, ET Online | Updated:
NEW DELHI: The share of foreign portfolio investors (FPIs) as a proportion of total turnover on India’s top two equity bourses, BSE and NSE, fell sharply during April-December 2015, a period marked by tepid foreign inflows amid global growth concerns.
Latest data released by Sebi showed, the share of FPIs in BSE’s total cash market turnover fell sharply to 10.4 per cent in December 2015 from as much as 21.50 per cent in March 2015.
FPI share in the cash market had climbed to 26.20 per cent in May 2015 before witnessing a gradual fall in the following months. Shares of proprietary traders and mutual funds (MFs) in BSE cash market turnover rose to 19.90 per cent (from 17.30 per cent in March 2015) and 3.10 per cent (from 2.90 per cent in March 2015), respectively, in December.
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BSE’s total turnover during April-December 2015 stood at Rs 5,57,581 crore (Rs 6,26,698 crore so far in FY16) compared with Rs 8,54,844 crore (in 243 trading sessions) in FY15.
On NSE, the share of FPIs in the total cash turnover declined to 18.90 per cent in December 2015 from 27.80 per cent in May 2015. The category's share in NSE’s cash segment stood at 23.10 per cent in March 2015.
On the other hand, at the end of December proprietary trading accounted for 19.7 per cent of NSE's cash turnover, which was less than 20.20 per cent in March 2015. MFs, meanwhile, saw a rise in the share of total turnover to 5.8 per cent in December from 4.6 per cent in March 2015.
NSE's cash market recorded total turnover of Rs 31,82,306 crore between April and December 2015, compared with Rs 43,29,655 crore in FY14-15.
Geographical data distribution suggests Mumbai accounted for 47.90 per cent of BSE's cash turnover at the end of December 2015. However, this was much lower than 56.9 per cent recorded in January 2015.
Delhi, Rajkot, Ahmedabad and Kanpur were among the top cities whose cash market turnover as a percentage of total BSE turnover fell by up to 137 basis points.
On the other hand, shares of Kolkata, Baroda and Chennai in BSE’s total cash market turnover rose up to 122 bps. The silver lining was a jump in the share of small cities in the ‘others’ category in BSE’s cash market turnover to 27.1 per cent in December 2015 from 18.1 per cent at the end of FY15, i.e. March 31, 2015.
On NSE, shares of Mumbai, Delhi and Kolkata in NSE’s total turnover fell by up to 177 bps during April-December 2015. Bangalore and Jaipur, meanwhile, witnessed up to 253 basis points jump in cash market shares.
Latest data released by Sebi showed, the share of FPIs in BSE’s total cash market turnover fell sharply to 10.4 per cent in December 2015 from as much as 21.50 per cent in March 2015.
FPI share in the cash market had climbed to 26.20 per cent in May 2015 before witnessing a gradual fall in the following months. Shares of proprietary traders and mutual funds (MFs) in BSE cash market turnover rose to 19.90 per cent (from 17.30 per cent in March 2015) and 3.10 per cent (from 2.90 per cent in March 2015), respectively, in December.
For minute-by-minute market/stock updates, follow our Twitter handle @ETMarkets
BSE’s total turnover during April-December 2015 stood at Rs 5,57,581 crore (Rs 6,26,698 crore so far in FY16) compared with Rs 8,54,844 crore (in 243 trading sessions) in FY15.
On NSE, the share of FPIs in the total cash turnover declined to 18.90 per cent in December 2015 from 27.80 per cent in May 2015. The category's share in NSE’s cash segment stood at 23.10 per cent in March 2015.
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On the other hand, at the end of December proprietary trading accounted for 19.7 per cent of NSE's cash turnover, which was less than 20.20 per cent in March 2015. MFs, meanwhile, saw a rise in the share of total turnover to 5.8 per cent in December from 4.6 per cent in March 2015.
NSE's cash market recorded total turnover of Rs 31,82,306 crore between April and December 2015, compared with Rs 43,29,655 crore in FY14-15.
Geographical data distribution suggests Mumbai accounted for 47.90 per cent of BSE's cash turnover at the end of December 2015. However, this was much lower than 56.9 per cent recorded in January 2015.
Delhi, Rajkot, Ahmedabad and Kanpur were among the top cities whose cash market turnover as a percentage of total BSE turnover fell by up to 137 basis points.
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On the other hand, shares of Kolkata, Baroda and Chennai in BSE’s total cash market turnover rose up to 122 bps. The silver lining was a jump in the share of small cities in the ‘others’ category in BSE’s cash market turnover to 27.1 per cent in December 2015 from 18.1 per cent at the end of FY15, i.e. March 31, 2015.
On NSE, shares of Mumbai, Delhi and Kolkata in NSE’s total turnover fell by up to 177 bps during April-December 2015. Bangalore and Jaipur, meanwhile, witnessed up to 253 basis points jump in cash market shares.
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