Explain spurt in trade volume: NSE to BSE

Narayanamurthy S | | Updated on: Jul 10, 2017

The NSE has sought an explanation from rival BSE for the sudden spurt in its share volumes. The BSE’s share price rose 9 per cent on heavy volumes as the NSE struggled to resume trading after a system break-down. “Significant increase in volume has been observed in BSE Limited. The Exchange, in order to ensure that investors have latest relevant information about the company and to inform the marketplace so that the interest of the investors is safeguarded, has written to the company. The response from the company is awaited,” said an NSE missive to the BSE.

Whencontacted, the BSE said it couldnot attribute a reason for the spike in share volumes. BSE’s cash market volumes doubled to ₹9,000 crore when NSE was shut for trading.

Published on January 11, 2018

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