Bourses' cash market turnover growth slows

THE GROWTH IN cash market turnover of the exchanges slowed to 38.3% year-on-year to ₹300 lakh crore for the fiscal ended March 31, 2025, data from the Sebi annual report showed on Tuesday.

- ANANYA GROVER

In FY24, the segment turnover stood at ₹217 lakh crore, up 51.6% from FY23 when the turnover had fallen nearly 20%.

Mrugank M Paranjape, chairperson of the IMC task force on capital markets and managing partner of McQube, said 38% is good, but not great. India should aspire for more growth as underlying stock prices are also growing. Raising capital is the primary function of the secondary markets, he said.