Did BSE really overtake NSE in F&O turnover? Here's why the math may be misleading

Recent reports indicated BSE overtook NSE in derivatives trading. However, a closer look reveals this was a technical shift. Notional turnover, a misleading metric, inflated BSE's figures. NSE continues to lead in premium turnover, the true measure of trading activity. Holiday distortions affected NSE's volumes, not BSE's. The overall market saw a decline, not a structural change.