Markets▼ Negative
Stockbrokers brace for slower revenue growth amid weaker trading activity
NSE moved lower.
· LiveMint Markets
The average daily premium turnover (ADPT) in index options on the National Stock Exchange of India (NSE) fell 27% sequentially in the September quarter, according to exchange data. Average daily turnover in the cash segment declined 19% over the same period.
The analysis
NSE reported movement of 27% and 19%. Those are the figures as filed — what moves the price is how they sit against what the market already expected, not their absolute size.
Why it matters
- With NSE involved, this carries a regulatory dimension that can outlast the immediate market reaction.
Market context
- The immediate tone of coverage reads negative.