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After Sebi nod, NCDEX to re-launch chana futures on Friday

In June 2016, Sebi had directed NCDEX to discontinue chana futures to prevent further price hike

BS Reporter  |  Mumbai 

After Sebi's nod, NCDEX to re-launch chana futures on Friday

Paving way for the re-launch, the Securities and Exchange Board (Sebi), the regulator,  has granted approval for re-introduction of chickpea (chana) contracts to the National Commodity & Derivatives Exchange (NCDEX).

Informed sources said that the exchange would re-launch contracts with almost same contract specifications on Friday.

A precautionary measure, the regulator in June 2016 had directed to discontinue futures from the exchange platform to prevent its further price spike. Following Sebi's direction, the exchange had put all futures contract on the square off mode and deferred all new contracts to be launched then.

The re-launch of contracts assumes significance as the commodity was one of the top contributors to the exchange turnover.

An email sent to did not elicit any response.

First Published: Wed, July 12 2017. 18:38 IST
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