MCX-SX matches NSE, BSE on M-cap; lags way behind in turnover

MCX-SX may have just a fraction of the turnover recorded by the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE), but it is only a shade below the two larger rivals in terms of total market value of the companies whose shares can be traded on its platform.

MCX-SX is the latest entrant to commence live trading in the cash and derivative segments in the capital market.

According to the latest data published by the Securities and Exchange Board of India (Sebi), the total market capitalisation of 1,118 firms permitted to trade on MCX-SX platform stood at Rs 63.57 lakh crore in the cash segment as on February 28, 2013.

At the same time, market value of the companies listed on the other two stock exchanges, NSE and BSE, stood at Rs 63.85 lakh crore and Rs 65.38 lakh crore, respectively.

MCX-SX began cash market trading on February 11 and according to Sebi's latest monthly bulletin, the market capitalisation of companies permitted to trade on the bourse stood at Rs 63,57,476 crore at the end of February 2013.

However, the month saw trading in shares of only 71 companies on MCX-SX during February, of the total 1,118 securities allowed to be traded on its platform.

In terms of total turnover also, MCX-SX recorded a dismal performance with total turnover of Rs 2.5 crore in February. In comparison, BSE and NSE recorded monthly turnover of Rs 42,138 crore and Rs 2,26,642 crore, respectively.

City-wise, New Delhi represented the maximum share (45.2 per cent) in MCX-SX's turnover in the cash segment. The nationl capital was followed by Mumbai (23.4 per cent) and Kolkata (12.8 per cent)share in turnover.

In the derivative segment, MCX-SX registered a monthly turnover of Rs 153 crore in the stock futures segment.

With inputs from PTI