Equity Cash Turnover Reaches 16-Month High of Rs 23.9 Lakh Crore in February

Market Pulse Report: February 2026 Edition

Key Highlights

• Rs 23.9 lakh crore: Equity cash turnover in NSE rose to a 16-month high in January 2026, despite fewer trading days.
• 1.2 lakh crore: Average daily turnover (ADT) in the cash segment rose 27% month-on-month (MoM) and 24% year-on-year (YoY).
• 67%: Mainboard equities contributed to the rise in ADT and accounted for 89% of total cash market turnover.

Market Performance

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• Mainboard equities: Turnover grew 19% MoM, while exchange-traded funds (ETFs) recorded a 174% MoM jump in turnover.
• Sovereign Gold Bonds: Turnover rose 95% MoM, linked to renewed investor interest in gold amid global uncertainty and domestic price volatility.
• NSE Emerge equities: Declined 19% MoM, while InvITs and REITs fell 50% and 49%, respectively.

Trade Activity Concentration

• Top 10 traded securities: Combined turnover rose to Rs 4.39 lakh crore in January, up 91.6% MoM.
• 18.4%: Their share in total market turnover increased from 11.0%, a rise of 7.35 percentage points.

Individual Stock Performance

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• ITC: Turnover surged 327% MoM, while Nippon India ETF Gold BeES rose 236.8% and Nippon India Silver ETF gained 178.9%.
• Eternal: Turnover more than doubled, rising 106% MoM.
• Banking majors: HDFC Bank and ICICI Bank saw strong participation, with turnover rising 71.8% and 65.4%, respectively.

Derivatives Performance

• Equity futures ADT: Rose 29% MoM to Rs 1.5 lakh crore, a 15-month high.
• Index futures ADT: Increased 22% MoM to Rs 29,120 crore.
• Equity options ADT: Climbed 35% MoM, with NIFTY 50 options capturing 91% of index options ADT.