The Indian stock market experienced a phenomenal 77% growth in total turnover in 2024, with the top 10 traded securities accounting for 13% of the total volume. While their turnover grew by 39%, some stocks stood out with triple-digit gains, reflecting heightened investor interest.
Top Traded Securities: Hindustan Aeronautics (NSE:HIAE) & Zomato (NSE:ZOMT) Steal the Show
Among the most actively traded stocks, Hindustan Aeronautics Limited (HAL) and Zomato emerged as the biggest winners, each recording over 100% turnover growth. Tata Motors (NSE:TAMO) followed closely, posting an 80% surge in trading activity. The rest of the top 10 securities saw turnover growth between 17% and 46%, solidifying their market dominance. Despite shifting volumes, HDFC Bank (NSE:HDBK), Reliance Industries (NSE:RELI), and ICICI Bank (NSE:ICBK) held their ranks from 2023, maintaining their influence in the market.
Stock Futures Turnover Surges 71%: HAL, Tata Motors, and HDFC Bank Shine
In stock futures trading, the top 10 most traded stocks contributed 23% of total turnover, growing at 71% YoY. HAL stood out with an explosive 183% turnover growth, while Tata Motors (92%) and HDFC Bank (80%) followed. Reliance Industries (54%) retained its strong position, while Axis Bank (NSE:AXBK), Kotak Mahindra Bank (NSE:KTKM), and Bajaj Finance (NSE:BJFN) each posted turnover growth between 45% and 50%.
Stock Options Trading: Major Reshuffle in Rankings
The stock options market saw a 55% increase in turnover within the top 10 traded securities, slightly lagging behind the overall market's 77% surge. Reliance Industries led the pack with a 57% rise, while HDFC Bank jumped from 5th place in 2023 to 2nd in 2024 with over 100% growth. However, Adani Enterprises (NSE:ADEL) witnessed a sharp 46% decline, dropping from 1st to 5th place.
A major highlight was the entry of Power Finance Corporation (NSE:PWFC), REC (NSE:RECM) Limited, and Dixon Technologies into the top 10, with triple-digit growth of 113%, 116%, and 180%, respectively, showcasing a shift in investor preference.
Takeaway: Market Liquidity and Institutional Activity on the Rise
With turnover surging across cash, futures, and options markets, stocks like HAL, Tata Motors, and HDFC Bank continue to dominate trading floors, while newcomers like Dixon Technologies make a strong impact.
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