Capital Market Tracker - Retail ADTO Sees A Strong Comeback In November: Motilal Oswal

Motilal Oswal Report

After a volatile October 2023, the Nifty50 in November 2023 closed above 20,000, up 6% gain month-on-month.

Overall average daily turnover volume increased 3% month-on-month to Rs 341 trillion, with F&O ADTO increasing 3% month-on-month and cash ADTO surging 10% month-on-month.

Overall retail ADTO jumped 9% month-on-month to Rs 127 trillion, with retail F&O ADTO increasing 9% month-on-month and retail cash ADTO rising 12% month-on-month to Rs 325 billion.

Demat account additions stood at 2.8 million in Nov-23 versus average monthly additions of 2.1 million in FY23.

Further, the number of active users on NSE increased for the fifth consecutive month to 34.9 million in Nov-23 from 33.9 million in Oct-23. Angel One Ltd., which relies heavily on income from the F&O segment, has witnessed a marginal increase in the number of daily orders placed.

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