The practice of banning commodities trading damages more than just immediate stakeholders—it undermines the credibility and trustworthiness of Indian exchanges and markets
The service will aim to expand mutual fund access to investors, particularly in India’s tier-2 and tier-3 cities where NCDEX has a broader reach
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.