New Delhi, Nov. 26 -- Cash delivery volumes on India's largest stock exchange surged more than 50% to a record in the current fiscal year, driven by unprecedented retail flows. Market experts predict the trend will only accelerate as more household savings flood into Indian equities.

The average delivery to traded volumes on the National Stock Exchange (NSE) rose to 31% in the April to October period of FY26, according to its data. That surpassed the yearly average of 20% in the past five fiscals from FY21 to FY25. NSE had a 92.2% share in the equities cash market as of the end of October, with rival BSE accounting for the remainder.

Simply put, if 100 shares have been traded so far this fiscal year, 31 have changed hands, while partici...