Higher prices do not necessarily mean higher value. Transaction charges depend on the price of the commodity and trading volume. Take the case of equities. The NSE average daily turnover fell to ₹94,400 crore in December, from ₹104,000 crore in the year-ago period. Over the same period, the broader-based Nifty 500 index has gained 6.7%. As a result, the price increased, but volume declined, leading to lower turnover in value terms.
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