Comexes' turnover rises over 40 pc to Rs 20,84,442 cr
The turnover of commodity exchanges in India has surged 40.53 per cent to Rs 20,84,442 crore in the first five months of the current fiscal.
By PTI |
NEW DELHI: The turnover of commodity exchanges in India has surged 40.53 per cent to Rs 20,84,442 crore in the first five months of the current fiscal, Forward Markets Commission (FMC) on Friday said.
The turnover of all the commodity bourses was Rs 14,83,273 crore during April-August period last year.
Releasing the fortnightly data, the commodity market regulator FMC said the comexes led by MCX have registered a business of Rs 2,03,078 crore in the second fortnight of August, up nearly 29 per cent.
MCX has registered a turnover of Rs 1,75,909.80 crore, followed by NCDEX with Rs 25,046 crore and NMCE about Rs 988 crore during the August 16-30 period.
The main reason for high growth in the commodity market is a significant rise in the futures trading in bullion, experts said.
FMC said bullion trading has more than doubled to Rs 10,62,343 crore in April-August this year from Rs 4,79,857 crore in the corresponding period last year.
The turnover of all the commodity bourses was Rs 14,83,273 crore during April-August period last year.
Releasing the fortnightly data, the commodity market regulator FMC said the comexes led by MCX have registered a business of Rs 2,03,078 crore in the second fortnight of August, up nearly 29 per cent.
MCX has registered a turnover of Rs 1,75,909.80 crore, followed by NCDEX with Rs 25,046 crore and NMCE about Rs 988 crore during the August 16-30 period.
The main reason for high growth in the commodity market is a significant rise in the futures trading in bullion, experts said.
FMC said bullion trading has more than doubled to Rs 10,62,343 crore in April-August this year from Rs 4,79,857 crore in the corresponding period last year.
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