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| Commodity futures turnover up 34% |
| Newswire18 / Mumbai Nov 11, 2009, 00:59 IST |
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India’s total commodity futures turnover from three national exchanges and 18 regional exchanges during April-October period stood at Rs 40.05 lakh crore, up 34.09 per cent from a year ago, according to an official at Forward Markets Commission (FMC).
The total turnover during the October 16-31 fortnight rose 79.82 per cent on year to Rs 3.45 lakh crore, compared with Rs 1.92 lakh crore during the same period last year, the official said.
MCX, National Commodity and Derivatives Exchange, and National Multi-Commodity Exchange are the three national bourses in the country.
During October 16-31, turnover of MCX, the country’s top exchange in terms of turnover, was Rs 2.86 lakh crore, up 66 per cent on year, the FMC official said.
NCDEX’s turnover during the same period increased by 171 per cent to Rs 45,713 crore, compared with Rs 16,860 crore registered a year ago, he said.
However, NMCE registered the highest percentage rise in turnover, though on a low base, the official said. NMCE’s turnover during October 16-31 period was Rs 10,031 crore, up 536 per cent from Rs 1,578 crore a year ago, he said.
Complex-wise turnover
Turnover in farm futures during the fortnight under review rose 244.55 per cent on year to Rs 60,000 crore , while the same was Rs 6.31 lakh crore during April-October period, up 71 per cent from last year, the official said.
By contrast, bullion turnover in April-October declined 7 per cent on year to Rs 15.04 lakh crore, he said. On a fortnightly basis, however, bullion turnover rose 5.61 per cent to Rs 1.24 lakh crore, the official said.
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