Commodity Derivatives
Turnover of commodity derivatives rises 17% on month in Sept, says SEBI
This story was originally published at 15:47 IST on 30 October 2024
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MUMBAI – Turnover of commodity derivatives across Indian exchanges rose 17% from a month ago to INR 53.9 trillion in September, the Securities and Exchange Board of India said in its monthly bulletin. The turnover in September rose on three exchanges, while it was down on one, the report showed.
The turnover of the Multi Commodity Exchange of India was the highest and rose 17.4% on month to INR 53.1 trillion and that of the BSE surged to INR 1.7 billion from INR 160 million the previous month. The commodity derivatives turnover on the National Commodity and Derivatives Exchange rose 7% to INR 141.8 billion. The turnover on the National Stock Exchange was down 1.5% from the previous month at INR 687.2 million.
The increase in NCDEX's turnover in September was mainly due to a rise in turnover of castor seed, kapas, guar seed, and jeera. On the MCX, the turnover of the farm segment rose 83.6% in September while the increase in non-agri was 10% from the previous month.
The Multi Commodity Exchange of India accounted for 98.5% of the turnover, followed by the National Stock Exchange at 1.3%, and the National Commodity and Derivatives Exchange at 0.2%.
The share of farm commodities in the overall turnover was 0.2% and that of non-agricultural commodities was 99.8%, the regulator said. The overall turnover of the agri segment rose 1.6% on month to INR 130.6 billion in September and that of the non-agri segment increased over 17% to INR 53.8 trillion.
The share of futures and options contracts in the overall turnover was 11.6% and 88.4%, respectively. The overall turnover of futures rose 6.8% on month to INR 6.2 trillion in September and that of options increased nearly 18.6% to INR 47 trillion.
At 1331 IST, shares of MCX were trading 6.9% lower at INR 6,354 and those of BSE were up 1.6% at INR 4,350 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 Vidhi Verma
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