Cash Market Turnover Hits 19-Month High in March Amid Volatility Surge

• Cash market turnover reached a 19-month high in March, averaging ₹1.31 lakh crore daily on BSE and NSE.
• The surge is attributed to heightened market participation driven by the West Asia crisis and global risk-off sentiment.
• India VIX climbed to around 27 in March, similar to June 2024 levels, indicating elevated fear and uncertainty.
• Foreign portfolio investors (FPIs) offloaded nearly $11 billion in March after a brief inflow in February.
• Investors lost approximately ₹26 lakh crore, with BSE-listed firms' market capitalization falling to ₹431.02 lakh crore.