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This is an archive article published on April 21, 1998

BSE registers higher turnover, pips NSE

Mumbai, April 20: The illiquid non-specified category of stocks has played a vital role in helping the BSE emerge as the leading stock excha...

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Mumbai, April 20: The illiquid non-specified category of stocks has played a vital role in helping the BSE emerge as the leading stock exchange of the nation with its presence in over 138 cities. Its turnvoer touched Rs 1,480.80 crore higher — a 2 per cent jump over NSE’s Rs 1,444.09 crore on Monday.

The B group of BSE has registered a sharp jump of over 40 per cent in its turnover to touch a new high of Rs 81.45 crore, which formed over 5.4 per cent of the total turnover of the exchange.

The BSE also topped the list of stocks traded at the bourse. BSE accounted for over 8 crore shares contributing to the historic turnover with the NSE registering only 6.96 crore shares.

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Interestingly, the upcountry centres linked to BOLT net have traded in over 1,800 stocks on Monday.

According to market sources, various attempts made by mutual funds along with Sebi has prompted the move in the B group stocks, coupled with the element of rumours and takeover news.

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