A similar trend was noticed in the futures market as well, with the average daily futures turnover (ADFTO) declining to around ₹1.58 lakh crore in May from ₹1.85 lakh crore in March, a drop of around 15%.
Both NSE and BSE had four expiry days during the month of May as there were only two trading holidays.Within the options premium turnover segment, NSE’s market share rose to 69% in May from 66% in April, while that of BSE fell to 31% from 34% earlier.
In the options notional turnover, NSE had a 52.6% market share in May, higher than 44.5% in April, while BSE’s share declined to 47.4% from 55.5%NSE also accounted for 99.8% of the industry futures turnover in May, while BSE had a 0.2% share, a trend broadly unchanged from April.
According to brokerage firm Jefferies, options contracts traded across brokers declined by 5% month-on-month in May, but were still 42% higher than last year. Cash market activity was largely unchanged.
Jefferies also noted that higher trading clients saw a 30% increase in premium turnover and an 18% rise in participation compared with FY26 averages.
Among fund houses, Nippon India AMC, HDFC AMC and Aditya Birla Sun Life AMC saw an acceleration in net flow additions. Nippon India AMC had 4 schemes among the top 15 equity funds attracting inflows.
Jefferies’ preferred plays within the capital markets space remain Groww, ICICI Prudential AMC, and Kfin Technologies.
