Last Friday NSE Equity market turnover is on record volumes trades at more than Rs 43,621 crore. Previous high in equity market segment was Rs 41,113 crore hit on April 21 this year. Nifty Index and Bank Nifty Index made a big comeback on last trading day with bigger gain and made a weekly returns of -0.3% and 1.48% respectively.
The Singapore Exchange, which is started trading in Nifty options in December 2011, may very well see a significant portion of volumes moving overseas.Lower transaction costs due to lower taxation will likely result in Singapore emerging as the destination of choice for trading in Nifty options, suggest some experts
Currently SGX Nifty is down more than 250points from yesterdays levels and the global cues are strongly unsupportive. Nifty EOD Supports are near the zone 5000-5020 levels breaking this on EOD basis could result in more weakness in the system. Investors can wait and go for buy if nifty holds 5000-5020 zone on EOD basis.