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Informist, Monday, Dec. 2, 2024

 

MUMBAI – Turnover of commodity derivatives across Indian exchanges fell 14% from a month ago to INR 46.32 trillion in October, the Securities and Exchange Board of India said in its monthly bulletin. The turnover in October fell on three exchanges, while it was up on one, the report showed.

 

The turnover on the Multi Commodity Exchange of India fell 14.6% on month to INR 45.34 trillion and that on the BSE plunged to INR 800 million from INR 1.71 billion the previous month. The commodity derivatives turnover on the National Commodity and Derivatives Exchange fell 6% to INR 133.23 billion. The turnover on the National Stock Exchange was up 24% from the previous month at INR 852.39 billion.    

 

The Multi Commodity Exchange of India accounted for 97.9% of the turnover, followed by the National Stock Exchange at 1.8%, and the National Commodity and Derivatives Exchange at 0.3%. 

 

At MCX, the turnover of the agri segment declined by 5% while the increase in the non-agri was of 2.9% from the previous month, according to the report. 

 

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 declined 5% on month to INR 124.06 billion in October and that of the non-agri segment fell over 14.1% to INR 46.20 trillion. 

 

The share of futures and options contracts in the overall turnover was 14% and 86%, respectively. The overall turnover of futures rose 2.7% on month to INR 6.39 trillion in October, while that of options fell nearly 16.2% to INR 39.93 trillion.

 

At 1331 IST, shares of MCX were trading 1.7% higher at INR 6,294.70 and those of BSE were down 0.6% at INR 4,648.0 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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