NCDEX to have more commodities for trading by the end of the year, says MD Arun Raste
The National Commodity & Derivatives Exchange Limited (NCDEX), one of the leading online commodity exchanges in India, is planning to launch at least 15 more commodities including daily household commodities like milk powder, eggs and timber for trading by year-end.
Arun Raste, MD & CEO of NCDEX, told FE, “ The Commodity Derivatives Advisory Committee (CDAC) under SEBI has sent a written proposal to the Ministry of Finance seeking approval for 15 more commodities on the platform.
After the inclusion, trading in those commodities can be done on the commodity exchange which will, in turn, help the market with increased stakeholder participation and transparent price discovery.” It should be mentioned that CDAC is a SEBI-constituted expert committee that…
Read moreMarket stages recovery from intra-day lows, Nifty closes above 20,900; top gainers on December 13 include NTPC, Adani Ports, Hero MotoCorp whereas IT stocks among key losers
The benchmark equity indices ended Wednesday’s trading session in the positive territory. The NSE Nifty 50 gained 19.95 points or 0.10% to settle at 20,926.35, while the BSE Sensex jumped 33.57 points or 0.05% to 69,584.60. Bank Nifty index ended flat slight lower by 5.30 points or 0.01% to settle at 47,092.25.
The broader indices ended in positive territory, with gain led by Midcap and Smallcap stocks. Healthcare and Pharma stocks outperformed among the other sectoral indices while IT and Oil & Gas stocks shed.
NTPC, Adani Ports and SEZ, Hero MotoCorp, Power Grid Cooperation, and Eicher Motors were the top gainers on the NSE Nifty 50, while the laggards include TCS, Infosys, HDFC Life Insurance, Axis Bank, and Ultra Tech Cement.
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