India's leading agriculture commodity exchange, the National Commodity & Derivatives Exchange (NCDEX), has decided to acquire around a 20 per cent stake in a new commodities and financial derivatives exchange being set up in Sri Lanka, subject to regulatory and governmental approvals. The move aims to deepen NCDEX's footprint in the financial ecosystem of its neighbouring country.
'Market momentum and investor interest are at unprecedented levels, making this the opportune moment.'
In a significant development, India's National Commodity & Derivatives Exchange Limited on Thursday launched its futures contract for Certified Emission Reduction. Forward Markets Commission, chairman, B. C. Khatua inaugurated the launch at NCDEX Exchange Platform. The CER contract of NCDEX will be traded in multiples of one lot of 500 CERs each.
The Community PCs' will keep farmers informed about the prices of various commodities in wholesale markets.
Mustard seed and soybean prices at NCDEX counter opened on a negative note following the news of stock limit on edible oils and food grains. Besides the domestic development, sluggish global market also affected Indian futures prices, an analyst at Hyderabad-based Karvy Comtrade told PTI.
Commodity futures market's dream run came to a halt in 2013 as a Rs 5,600 crore scam in Jignesh Shah-led spot exchange NSEL and imposition of transaction tax on non-farm items hampered the growth of business, with turnover estimated to dip by 30 per cent to Rs 125 lakh crore.
Stay orders keep law out of citizen access even years after CIC rulings on opening market institutions to scrutiny
Brokers have only kept guarantees for which they have open positions.
A dedicated physical gold exchange could lead to standard gold pricing in India.
The concept of gold as an asset capable of getting anytime money is evaporating.
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