Markets regulator Sebi today said commodity exchanges and their functionaries cannot sponsor or participate in discussions including on televisions channels and social media about trading in commodity derivatives.
The decision came after MCX-SX shareholders met at an EGM conveyed under the directions of Sebi. MCX-SX has 18 banks and financial institutions as shareholders who together hold 87.42 percent stake in the exchange.
Five defaulters out of the 19 defaulters in the NSEL crisis have promised to pay Rs 1,330 crore via collaterals. Meanwhile, civil and criminal proceedings have also been initiated against them.
It is the first big ticket IPO of 2012 and today, India's leading commodity exchange – the MCX will list its shares expectedly at a premium on the bourses.
For multi-commodity exchange MCX-SX, this is a tough waiting period. Its future depends on how Sebi responds to the two options given by the Bombay High Court. Ashwin Mohan of CNBC-TV18 finds out what legal options could influence Sebi's decision.
Ashok Mittal of Vertex Securities, in an interview with CNBC-TV18’s Mitali Mukherjee and Udayan Mukherjee, spoke about some commodity strategies and how are they expected to react going forward.