India has scrapped the futures trading in the electricity derivatives on account of dismal performance from the traders for the contract, which was traded on the only exchange, Multi-Commodity Exchange (MCX). Read More
Palm oil futures advanced for the second day after rival soybean oil climbed and demand climbed from Asian nations including India and China as the countries celebrate festivals. The November-delivery contract added 0.5 percent to end at 2,542 ringgit ($806) a metric ton on the Malaysia Derivatives Exchange. Futures lost 6.4 percent last week, the [...]
Rating agency Crisil, which holds a 12% stake in commodity exchange NCDEX, is planning to sell 5% in the bourse to JM Financial Trustee Company, trustee to a private equity fund sponsored by JM Financial. The trustee company has made an application to Foreign Investment Promotion Board (FIPB) for acquiring up to 5% stake.
MUMBAI: India’s wheat futures were steady on Monday afternoon as pressure from a bumper crop and ample stocks outweighed hopes of exports to Asian markets after a drought forced Russia to temporarily halt shipments, analysts said. September wheat on the National Commodity and Derivatives Exchange (NCDEX) was trading at 1,257.20 rupees per 100 kg, down [...]
MUMBAI (Commodity Online): Chana futures added some modest gains in the early trading on the NCDEX counter due to the fresh buying activity driven by short supply in the spot market Wednesday. NCDEX chana August contract advanced Rs six at Rs 2,318 a quintal and so far fluctuated between Rs 2,322- 2,309 a quintal. September [...]
