Indian bourses performed better than many global peers in 2012
31 Dec 2012
In the turbulent times for stock markets across the world, the equity turnover on Indian bourses was down in 2012 though not as sharply as in other parts of the world, according to PTI. The agency reported that the fall was only 1.57 per cent when compared to the global average.
According to the agency, globally the equity turnover was down sharply by 14.7 per cent while it was around 8 per cent for the bourses in Asia Pacific region.
However, the collective equity trading volume of two Indian bourses, NSE and BSE, was down 1.57 per cent at 1,617,4 million 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 stood at 9,070 million for the same period. Further improvement in the tally is expected in Indian markets in 2013, with a new bourse MCX-SX set to begin operations as a full-fledged stock exchange.
In the Asia Pacific markets, trading was down nearly 8 per cent at around 5,334 million in the January-November period of 2012. The global data for December is still awaited with one last trading session expected today.
According to experts, 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 the main reasons for fall in equity trading in India and rest of the world.
