Commodity Market Getting Back On Its Feet

With Sebi in charge of the commodity market, investors are getting their confidence back as the turnover of commodity exchanges grew 9 percent to Rs 67 lakh crore in 2015-16.

 

This is being seen as one of the best years for the segment in recent times.

 

Commodity futures turnover on the two major bourses - NCDEX and MCX - stood at nearly Rs 60.9 lakh crore in 2014-15, latest data showed.

In volume terms, the number of such contracts traded rose 56.5 percent to 27.5 crore in 2015-16, from about 17.6 crore in the year-ago period.

Individually, MCX saw a trading value of Rs 56.3 lakh crore in 2015-16 as against Rs 51.8 lakh crore in 2014-15.

There was trading in 23.4 crore contracts for the period under review, up nearly 58 per cent.

NCDEX reported a 13 percent jump in turnover at Rs 10.2 lakh crore while volumes rose 50 percent to 4.1 crore during the last fiscal.and contact this no.9827808090


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