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Did BSE overtake NSE in F O turnover Notional math made it look so
Economy
Published on 6 May 2026
The metric in headlines inflates BSE numbers
Reports said BSE has overtaken NSE in derivatives F O turnover, but the apparent shift may be more accounting than behavior. Analysts point to notional turnover as a misleading metric that can inflate BSE’s totals, while premium turnover—seen as a truer activity gauge—still keeps NSE in the lead. Holiday effects also distorted volumes. Overall market activity declined, not structurally shifted.
- Notional turnover can overstate apparent F O leadership
- Premium turnover suggests NSE remains the true activity leader
- Holiday timing distorted NSE volumes, not a lasting BSE change
- Market-wide decline, not a structural swap between exchanges
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times