The Metropolitan Stock Exchange of India (MSEI) restarted its equity trading operations in early 2026 after a period of limited activity. Since the relaunch, trading volumes have gradually increased, though overall liquidity remains modest compared to larger Indian exchanges.
Equity Trading Activity — Current Status
Live Trading Restart (2026)
After regulatory approvals and system upgrades, MSEI resumed live trading in its equity cash and derivatives segments in January 2026. On January 27, 2026, initial trading activity was recorded with 14 trades and approximately 286 shares traded, marking the beginning of liquidity rebuilding.
The exchange also operated normally on February 1, 2026, during the Union Budget session, following standard market hours.
Live Market Snapshot (as of 13 February 2026)
Market data as of February 13, 2026, shows:
- Equity segment volume: 6,218 shares
- Value traded: ₹94.37 lakh
- Market breadth: 15 advancing stocks versus 111 declining stocks out of 126 traded
Although trade counts have improved, overall equity participation remains limited.
Historical and Structural Context
Annual Data (FY 2022–23)
- Equity Cash Volume: 2,429,955 shares
- Total value traded: ₹44.48 crore
- Only 12 securities traded during the fiscal year
Market Structure (FY 2023–24)
- Around 2,112 companies available for trading
- Total capital market value traded: ₹29.34 crore (decline from ₹44.48 crore in the previous year)
These figures reflect historically low cash segment activity.
Market Share and Competitive Position
MSEI operates in a market largely dominated by:
- National Stock Exchange of India (NSE), holding approximately 90–92 percent market share in cash equities
- Bombay Stock Exchange (BSE), accounting for most of the remaining share
This competitive structure significantly limits liquidity and investor participation on MSEI.
Regulatory Environment
Recent regulatory measures require exchanges to build sufficient liquidity in the cash segment before expanding into equity derivatives. This has influenced MSEI’s strategic focus toward strengthening its core equity segment.
MSEI Daily Equity Trading Activity (Jan 27 – Feb 16, 2026)
Trading activity progressed from single-digit trades in late January to several thousand trades per session by mid-February. Daily traded value ranged between ₹22 lakh and ₹112 lakh during active sessions.
Key observations:
- Early sessions recorded very low volumes.
- Participation gradually increased in early February.
- A noticeable surge in trade counts occurred between February 10 and February 16.
Conclusion
Since its relaunch in January 2026, MSEI has shown gradual improvement in equity trading activity. While daily trade counts have increased significantly, overall volumes and turnover remain modest compared to NSE and BSE. Sustained liquidity growth will be essential for strengthening its competitive position in India’s equity market.