Shares of NCDEX, India’s main bourse for trading agricultural products, are changing hands for as much as 485 rupees apiece in the unregulated market
NCDEX is raising Rs 770 crore ($87 million) by selling shares to a group of 61 investors
The exchange plans to invest an estimated Rs 400-600 crore in this expansion, according to the announcement.
A new Sebi circular paves the way for the launch of weather derivatives and people will be able to hedge against adverse weather conditions
The trading hours will be readjusted to 10 am-5 pm, and the client code modification timings have been revised to 10 am-5:15 pm.
The increase in average daily turnover value is backed by a strong growth in the monthly 'Open Interest' to Rs 3,554 crore in 2021-22, which is 32 per cent higher than Rs 2,695 crore a year ago.
The regulator’s move is against the principles of free markets and can disrupt the nascent agro-commodity market in India.
Kapil Dev, EVP & Head, Product & Business development, NCDEX
The National Commodity and Derivatives Exchange has launched India’s first commodity index “AGRIDEX” for trading on May 25 on its futures platform.
Mr. Kapil Dev, EVP & Head- Product & Business Development, NCDEX.
The biggest advantage has been the hedging option provided by the derivative market
The draft Power Market Regulations 2020 issued by the Central Electricity Regulatory Commission (CERC) has mooted a concept called 'market coupling', which means a uniform market clearing price for buyers and sellers in all exchanges operating in an area.
NCDEX will become the first exchange in the country to launch options in agriculture goods.
NCDEX has become the first exchange in the country to launch Options in Goods contracts in agri derivatives space after the permission given by the regulator Securities and Exchange Board of India (SEBI).
The two indices will only be representative in nature for rainfall in the country and will not be available for trading.
For equity market traders, the agriculture index fund is the simplest way to play the impact of the monsoon
With a base value of 1,000, Agridex will be available initially for trading of contracts expiring in June, July, September and December.
The company had approached the Securities and Exchange Board of India (Sebi) with its IPO papers in February.
Moneycontrol was first to report the agri-commodity trading leader’s listing plans on May 17, 2019.
Entering into an agreement with RCEP countries, with whom India is already bearing a large trade deficit could have compelled India to import more agriculture crops like Palm Oil from Malaysia & Indonesia.