Commodity Derivatives
Turnover of commodity derivatives up 23% on month in July, says SEBI
This story was originally published at 12:49 IST on 2 September 2024
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MUMBAI – Turnover of commodity derivatives across Indian exchanges rose nearly 23% from a month ago to 45.8 trln rupees in July, the Securities and Exchange Board of India said in its monthly bulletin. The turnover in July rose in three exchanges, while it was down in one, the report showed.
The turnover of the Multi Commodity Exchange of India rose nearly 23% on month to 44.9 trln rupees and that of the National Commodity and Derivatives Exchange was up 24% to 136.8 bln rupees. The commodity derivatives turnover on the National Stock Exchange rose 39% to 797.8 bln rupees. The turnover on the BSE was down 7.7% from the previous month at 30 mln rupees.
On the MCX, the turnover of the farm segment rose 84% in July while the increase in non-agri was 10% from the previous month. Similarly, the turnover on NCDEX was up due to "the remarkable increase in turnover of castor seed, guar seed, kapas, guargum, and cotton seed oil cake by 105.9%, 47%, 32.7%, 30.4%, and 21.9%, respectively.
The Multi Commodity Exchange of India accounted for 98% of the turnover, followed by the National Stock Exchange at 1.7%, and the National Commodity and Derivatives Exchange at 0.3%.
The share of farm commodities in the overall turnover was 0.3% and that of non-agricultural commodities was 99.7%, the regulator said. The overall turnover of the agri segment rose 22% on month to 137.6 bln rupees in July and that of the non-agri segment increased nearly 23% to 45.7 trln rupees.
The share of futures and options contracts in the overall turnover was 13% and 87%, respectively. The overall turnover of futures rose 10% on month to 5.8 trln rupees in July and that of options increased nearly 25% to 40 trln rupees.
At 1111 IST, shares of MCX were trading 0.2% lower at 5,170.55 rupees and those of BSE were down 1.9% at 2,778 rupees on the National Stock Exchange. End
IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT
Reported by J. Navya Sruthi
Edited by Deepshikha Bhardwaj
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