The Average Daily Turnover (ADTV) for the cash market segment, NSE, and BSE combined stood at Rs 66,914 crore in September, up at 4.3% MoM and 41% from June. ADTV for the cash segment is still 8% below the April data of Rs 73,245 crore. The derivatives segment recorded new trading volume all-time highs supported by the options segment. The ADTV for the futures and options (F&O) segment was Rs 15.3 trillion in September, up 12% MoM and 37% from June.

Industry officials said that retail traders got active again following the sharp market rebound from the June lows. In August, the country’s Demat account peaked at 100 million for the first time, with over 2.2 million new accounts. In September, 2.11 million were added, taking the total count to 102.61 million.

“Despite the volatility, millions of new investors came in September, taking positions aggressively in the small and mid-cap space. Oil and commodity prices are enabling, and inflation is likely to decrease. Despite all the downgrades, India will post a 7% GDP growth rate, outperforming its global peers,” said G. Chokkalingam, founder of Equinomics. The Nifty50 index fell 3.74%, the Nifty Midcap 100 declined 2.6%, and the Nifty Smallcap 100 index fell 1.9%. Foreign Portfolio Investor (FPI) flows turned negative for the first time in three months. They sold shares worth Rs 13,000 crore in September.

The fall in the domestic market was less severe than experienced by its global peers. For instance, the Dow Jones index of the US dropped 9% last month. The US sentiment change is also expected to support domestic equities and trading volumes.