India's cash market segment for equities reached a historic average daily turnover (ADTV) of over Rs. 1 lakh crore in December.
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Record combined turnover
The combined ADTV for NSE and BSE hit a record high of Rs. 1.15 lakh crore, a 45.85% increase from the previous month.
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Factors behind surge
Factors contributing to the surge included IPO listings, block deals, cooling inflation, and expectations of US Fed officials cutting interest rates.
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New F&O highs
The combined future and option average daily turnover for both exchanges also reached a new all-time high of Rs. 448.94 lakh crore in December.
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Bullish 2024 predictions
As we enter 2024, analysts predict an increase in bullish momentum in global markets, with India seeing record domestic SIPs and declining bond yields attracting significant FII flows.