The top 50 broker-members of leading stock exchanges NSE and BSE account for more than half of the cash market turnover at these bourses and their market shares have reached record levels in about two decades.
As per the data released by Sebi in its latest 'Handbook of Statistics on Indian Securities Market', the top-50 members of the BSE commanded a cash segment market share of 57.5% during the last fiscal till December 2011. This was their highest market share since 1994-95, from when the data is available.At the NSE, the cash segment market share of the top-50 members was even higher at 64.3% -- which is also the highest since the fiscal 1994-95.
The top-25 members alone commanded a market share of 48.3% at the NSE during the first nine months of the last fiscal, while the same was 42.5% in the case of BSE. These are also the record high figures since 1994-95.
The top-five members, however, commanded a higher market share of 17.5% at the BSE, as against 16.7% at the NSE.
The top 10 members of BSE had 26.5% share of cash segment, as against 27.6% in case of the NSE, while the top-100 members of the BSE and NSE had market shares of 73.7% and 78.8% respectively.
The market share of top brokers has risen sharply from the previous year (2009-10) levels -- rising from 51.9% to 57.5% for BSE's top-50 members, and from 42.9% to 48.3% for NSE's.
In terms of the securities also, the top-traded stocks command very high market share, but were below their record-high levels during the last fiscal till December 2011.
The top-five securities commanded a 19.6% share of total cash segment turnover at BSE, up from 10.2% in the previous year but way below a record 50% in 2000-01.
At the NSE also, the share of top-five securities stood at 21.6% -- up from 15.3% in 2009-10, but much below a high of 83% in 1995-96.
The top-100 securities at the NSE commanded 83% cash segment market share last fiscal till December 2011, up from 68.9% in previous year. It was, however, far off a high of 98.2% in 1996-97.
At the BSE, the top-100 securities commanded a market share of 75.5% last fiscal, up from 51.5% in 2009-10. It had touched a high of 97.5% in 2000-01.
As per the data released by Sebi in its latest 'Handbook of Statistics on Indian Securities Market', the top-50 members of the BSE commanded a cash segment market share of 57.5% during the last fiscal till December 2011. This was their highest market share since 1994-95, from when the data is available.At the NSE, the cash segment market share of the top-50 members was even higher at 64.3% -- which is also the highest since the fiscal 1994-95.
The top-25 members alone commanded a market share of 48.3% at the NSE during the first nine months of the last fiscal, while the same was 42.5% in the case of BSE. These are also the record high figures since 1994-95.
The top-five members, however, commanded a higher market share of 17.5% at the BSE, as against 16.7% at the NSE.
The top 10 members of BSE had 26.5% share of cash segment, as against 27.6% in case of the NSE, while the top-100 members of the BSE and NSE had market shares of 73.7% and 78.8% respectively.
The market share of top brokers has risen sharply from the previous year (2009-10) levels -- rising from 51.9% to 57.5% for BSE's top-50 members, and from 42.9% to 48.3% for NSE's.
In terms of the securities also, the top-traded stocks command very high market share, but were below their record-high levels during the last fiscal till December 2011.
The top-five securities commanded a 19.6% share of total cash segment turnover at BSE, up from 10.2% in the previous year but way below a record 50% in 2000-01.
At the NSE also, the share of top-five securities stood at 21.6% -- up from 15.3% in 2009-10, but much below a high of 83% in 1995-96.
The top-100 securities at the NSE commanded 83% cash segment market share last fiscal till December 2011, up from 68.9% in previous year. It was, however, far off a high of 98.2% in 1996-97.
At the BSE, the top-100 securities commanded a market share of 75.5% last fiscal, up from 51.5% in 2009-10. It had touched a high of 97.5% in 2000-01.
