Cash market turnover hits eight-month high

Average daily turnover in the cash market surged to an eight-month high in May, led by the recent rally in Indian equities. So far this month, the combined average daily turnover of the BSE and NSE cash segments has touched Rs 1.16 lakh crore – the highest since September 2024 - representing an 8% rise from a month ago. After a bottoming out of a 15-month low in February, the combined turnover has recovered by over 20% so far.