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

Market Pulse Report: January 2026

Key Highlights

• Rs 23.9 lakh crore, the highest equity cash turnover in 16 months, was recorded in January 2026, according to the February edition of Market Pulse.
• Average daily turnover (ADT) in the cash segment rose to Rs 1.2 lakh crore, a 27% month-on-month (MoM) and 24% year-on-year (YoY) increase.
• Mainboard equities led the rise, contributing 67% of incremental ADT and accounting for 89% of total cash market turnover.

Sectoral Performance

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• Exchange-traded funds (ETFs) recorded a 174% MoM jump in turnover, extending cumulative growth since January 2025 to 699%.
• Sovereign Gold Bonds 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.

Top Traded Securities

• The combined turnover of the top 10 traded securities in the cash market rose to Rs 4.39 lakh crore in January, up 91.6% MoM from Rs 2.29 lakh crore in December 2025.
• Their share in total market turnover increased to 18.4% from 11.0%, a rise of 7.35 percentage points.

Individual Stock Performance

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• ITC recorded the strongest growth, with turnover surging 327% MoM.
• Nippon India ETF Gold BeES rose 236.8%, while Nippon India Silver ETF gained 178.9%.

Derivatives Market

• 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.