Commodity derivatives turnover down 11.8% on mo in June, says SEBI
This story was originally published at 16:31 IST on 30 July 2024
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MUMBAI – Commodity derivatives turnover across Indian exchanges fell 11.8% from a month ago to 37.3 trln rupees in June, the Securities and Exchange Board of India said in its monthly bulletin. The turnover in June fell in all the exchanges, the report showed.
The turnover of the Multi Commodity Exchange of India declined 10.7% on month to 36.6 trln rupees and that of the National Commodity and Derivatives Exchange fell 16.3% to 110.2 bln rupees. The commodity derivatives turnover on the BSE and the National Stock Exchange fell 8.9% and 49.5%, respectively. The BSE's turnover fell to 30 mln rupees and that of NSE fell to 574.7 bln rupees.
On the MCX, the turnover of the farm segment fell 37.6% in June due to a decline in turnover of futures contracts of cotton candy by 61.6%, the report said. "The turnover of non-agri contracts registered a fall of 11.3% over the previous month, mainly due to a decrease in turnover of futures contracts of gold by 34% and options contracts of crude oil by 10.2%," it said.
Similarly, the turnover on NCDEX was down due to a fall in turnover of contracts of jeera, guar seed, and guargum, by 95.5%, 69.1%, and 68.4%, respectively.
The Multi Commodity Exchange of India accounted for 98.2% of the turnover, followed by the National Stock Exchange at 1.5%, 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 share of futures and options contracts in the overall turnover was 14.2% and 85.8%, respectively.
The overall turnover of the agri segment fell 17% on month to 112.8 bln rupees in June and that of the non-agri segment declined 11.7% to 37.2 trln rupees.
At 1529 IST, shares of MCX were 0.1% lower at 4200.15 rupees on the National Stock Exchange and those of BSE were 1.2% lower at 2,411.85 rupees. End
IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT
Reported by J. Navya Sruthi
Edited by Saji George Titus
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