NSE turnover to cross $400bn
Mumbai: While the turnover of the Bombay Stock Exchange has crossed 200 billion dollar milestone, the National Stock Exchange in FY 2007 is set to record an annual turnover of well above 400 billion dollars for the first time in its history. NSE is also set for a new record in terms of annual turnover, which is estimated to rise to about Rs19,50,000 crore (about 430 billion dollars) this financial year.

NSE has already conducted business worth close to Rs19,13,000 crore in the current fiscal and the last four days could add another Rs32,000 crore worth transactions based on an average turnover of Rs8,000 crore.

Transactions worth about Rs9,40,000 crore have already been conducted at the BSE in the current fiscal, and are expected to rise to Rs9,55,000 crore (about 212 billion dollars) by the end of the current with an average daily turnover of about Rs3,700 crore this month.

The annual turnover has nearly doubled from 110 billion dollars in FY04, although the number of listed scrips has seen a rise of only five per cent in the same period.

The annual turnover has also recorded a significant growth of about 10 per cent over the previous fiscal.
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