Derivatives turnover hits 12-month high

DESPITE many a measure that capital markets regulator Sebi has introduced since last November, the average daily turnover (ADTV) in the derivatives market rose to a 12-month high in October at $506 lakh crore — up nearly 46% since June, when it had plunged to the lowest since last November— as volatility picked up and concerns over further regulatory tightening eased.

- BENN KOCHUVEEDAN @ Mumbai

The October turnover is just 5.6% lower than the peak of %516 lakh crore it had scaled in September 2024— when it became the world’s largest derivatives market with close to 75% of the global ADTV, of which 95% was on the NSE alone.

Derivatives activity had slumped earlier this year after the Securities and Exchange Board had capped weekly ex-