Market turnover hits high of Rs 2.82L cr

The turnover in the futures and options (F&O) segment of National Stock Exchange was about Rs 2.43 lakh crore today.

Analysts said that volume was high,mainly due to heavy transaction on the last date for settlement in F&O contracts.

“The turnover crossed all time high surging past the Rs 2.82 lakh crore. It was possible mainly on the account of fresh positions taken by the investors,” SMC Global Securities Head of Research Jagannadham Thunuguntla said.

Interestingly,the previous record was also made on the settlement (F&O) day last month.

The BSE benchmark Sensex today slipped below the magical 20,000 level and ended 64 points lower at 19,941.04.

It was an absolute bear attack in the last half an hour of the day. Selling was so severe in the last half and hour,it was whipsaw,markets just crashed and it was in huge volumes,brokers said.

“The selling was so severe; it wiped out nearly 60 points from Nifty index within two minutes not giving any opportunity for the traders to square-off their positions,” IIFL’s head of research Amar Ambani said.