Trading activity also lost momentum. Over the last decade, notional turnover in the equity derivatives segment rose from ₹692 trillion in FY16 to ₹110,418 trillion in FY26. Growth was strongest between FY21 and FY24 but has since moderated. After expanding 20.4% in FY25, notional turnover grew just 4.2% in FY26, well below the exceptionally high rates seen in earlier years, the report highlighted.
