IEX trades 9165 MUs in OctoberIEX - 160 Change: 1.00 (0.63 %)
News: IEX reported 35.93% YoY growth in October but MoM it marginally increased 1.86% compared to September volumes and declined 3.9% compared to August, Total volumes in October were at 9165 MUs. Day ahead market traded 6568 MUs at an average monthly price of 8. It is an increase of 2.34% when compared to volumes of September and declined 1.2% compared to volumes of August. Real time market continued its exceptional momentum with 145.5% YoY and 8.46% MoM increase in volumes at 1999 MUs. The term ahead market comprising intra-day, contingency, daily & weekly contracts traded 225 MUs and recorded 16.58% QoQ and 2.74% YoY growth. In the first trade, the Exchange accomplished trade of 43,409 ESCerts.
Views: Buoyancy in volumes should continue led by resolution of Sebi – CERC, new product launches and shift from other sub segments of short term market to exchanges. We expect strong volume growth in FY22 & F23 led by commencement of long duration contracts, Green Day ahead market and resumption of REC trading.