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Oct 10, 2008, 03.36 PM | Source: Moneycontrol.com

USD/ INR currency futures trade goes live on MCX-SX

USD / INR Currency futures trade goes live on MCX-SX. On the first day, 59,952 contracts each valuing $ 1,000 were traded. The total value of the contracts valued at Rs. 287.49 crores.

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USD/ INR currency futures trade goes live on MCX-SX

USD / INR Currency futures trade goes live on MCX-SX. On the first day, 59,952 contracts each valuing $ 1,000 were traded. The total value of the contracts valued at Rs. 287.49 crores.

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After inauguration of India’s newest exchange for currency derivatives, MCX Stock Exchange (MCX-SX) went LIVE today. On the first day, 59,952 contracts each valuing $ 1,000 were traded. The total value of the contracts valued at Rs. 287.49 crores. The open interest was 17,296 contracts. Banks and hedgers participated on the exchange in a big way both in terms of turnover and also in terms of open interest. MCX – SX was launched yesterday at the hands of Chief Guest Shri C. B. Bhave, Chairman, SEBI. Smt. Shyamala Gopinath, Deputy Governor, RBI was Guest of Honour at the event. MCX – SX has received 870+ membership including 22 banks from private sector, public sector and foreign banks.

The first trade was done by Jaypee Capitals Services Ltd. and East India Securities Ltd. Amongst the bankers HDFC bank did the first trade. Union Bank of India , SBI , Indus Ind and other banks also participated.

 

MCX – SX spokesperson said, “We are happy looking at the trade response from the stakeholders. The participation was seen across India. The currency market, also known as “Foreign Exchange” (FOREX) market, will facilitate wider group of constituents to participate in the newly launched structured futures platform. The strong, dynamic and transparent price signals from the exchange will encourage market participants to use this mechanism to minimize their risk.”

 

The launch of MCX–SX opens a new opportunity and provides a timely tool to the market participants who have direct and indirect exposure to currency risks.  

Sourced From: Adfactors Public Relations Pvt Ltd

HDFC Bank stock price

On February 12, 2016, HDFC Bank closed at Rs 973.35, down Rs 2.7, or 0.28 percent. The 52-week high of the share was Rs 1127.90 and the 52-week low was Rs 944.70.


The company's trailing 12-month (TTM) EPS was at Rs 46.43 per share as per the quarter ended December 2015. The stock's price-to-earnings (P/E) ratio was 20.96. The latest book value of the company is Rs 245.49 per share. At current value, the price-to-book value of the company is 3.96.

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