Comexes’ turnover jumps 32%
Spurred by bullion trade, the turnover of commodity exchanges in the country soared by 31.6% to Rs 4,160,260 crore in current financial year till January, against Rs 3,161,092 crore in the same period last year.
By Agencies |
NEW DELHI: Spurred by bullion trade, the turnover of commodity exchanges in the country soared by 31.6% to Rs 4,160,260 crore in current financial year till January, against Rs 3,161,092 crore in the same period last year.
Maximum business was seen in bullion at Rs 2,304,151 crore followed by agricultural commodities at Rs 5,00,207 crore during the period under review, the commodity market regulator Forward Markets Commission (FMC) said in a statement. Bullion trade surged by 81% in the fist 10 months of FY09, it said.
FMC said futures trading in three national level commodity exchanges and 19 regional bourses stood at Rs 240,415 crore during the second fortnight of January, up 2.8% compared to the year-ago period. During January 16-31, the turnover of the MCX stood at Rs 208,077 crore, while the NCDEX recorded a business of Rs 25,310 crore.
Other national-level exchange like Ahmedabad-based NMCE registered a turnover of Rs 3,119 crore. Among the regional bourses, the Indore-based National Board of Trade, which basically deal in soya oil showed an turnover of Rs 2,814 crore in the second fortnight of January.
Maximum business was seen in bullion at Rs 2,304,151 crore followed by agricultural commodities at Rs 5,00,207 crore during the period under review, the commodity market regulator Forward Markets Commission (FMC) said in a statement. Bullion trade surged by 81% in the fist 10 months of FY09, it said.
FMC said futures trading in three national level commodity exchanges and 19 regional bourses stood at Rs 240,415 crore during the second fortnight of January, up 2.8% compared to the year-ago period. During January 16-31, the turnover of the MCX stood at Rs 208,077 crore, while the NCDEX recorded a business of Rs 25,310 crore.
Other national-level exchange like Ahmedabad-based NMCE registered a turnover of Rs 3,119 crore. Among the regional bourses, the Indore-based National Board of Trade, which basically deal in soya oil showed an turnover of Rs 2,814 crore in the second fortnight of January.
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