NSE futures volumes take a hit on rising peak margins
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Synopsis
The so-called peak margin for intraday trades rose to 75% of the minimum margin on stock and index futures from June 1 and will stay that way through August end, after which it will increase to100% of the minimum margin for trading a futures lot on Nifty, Bank Nifty or stock futures.
Mumbai: Impacted by higher margins on intraday index and stock futures trades, speculators have begun shifting their trades to the relatively cheaper options counters amid a raging bull market, which has driven the Nifty to a record high past 15,700.