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Over 50% of retail clients from Tier-I, Tier-II cities: NSE

NSE's turnover for FY13 stood at Rs. 27 trillion, one of country's premiere bourse said

September 26, 2013 3:00 IST | India Infoline News Service
Over 50% of the total number of retail clients trading on the National Stock Exchange's cash market platform for fiscal 2012-13 come from the cities other than the Tier I and II categories, according to the NSE data.

In addition, 43.7% of the total turnover of trades carried out by retail investors in the cash segment during FY13 came from cities other than the Tier I and II categories, NSE data added.

Tier 1 includes major metro cities like Bangalore, Chennai, Delhi, Hyderabad, Mumbai and Kolkata, whereas Tier 2 cities include Ahmedabad, Jaipur, Kanpur, Lucknow, Nagpur, Pune and Surat.

NSE's turnover for FY13 stood at Rs. 27 trillion, one of country's premiere bourse said.

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