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Mumbai's share in the cash segment on the NSE and BSE rose for the second consecutive year.
Mumbai clocked 59.5 per cent (58.6 per cent) of NSE's turnover and 38.3 per cent (38.3 per cent) of BSE turnover in the cash segment in FY12.
However, total turnover on both the bourses has shrunk by 37 per cent in the last two years.
The second largest contributor, Delhi lost share from 10.8 in FY11 to 8.6 in FY12 on the NSE. On the BSE, Delhi lost 2.6 percentage points from 12.8 in FY11 to 10.2 per cent in FY12.
“Cities like Mumbai have a large ecosystem of trading. For most people there, trading in the market is a livelihood. They have to do it. In cities like Delhi, trading is an ancillary subject, not a daily subject. So, to that extent, the moment the market goes down, trading volume also goes down. Delhi can still do without trading, but Mumbai cannot,” said Mr Jagannadham Thunuguntla, Strategist and Head of Research, SMC Global Securities.
Ahmedabad had 6.2 per cent (6.2 per cent) share of NSE's volume and 8.9 per cent (9.4 per cent) share of BSE's volume. Kolkata had nine per cent (7.5 per cent) share of NSE and 6.6 per cent (two per cent) of BSE.
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