 "sensex, bse")
The Bombay Stock Exchange is planning several new contracts whose launch is scheduled for the December quarter, after consolidating its position in the commodity derivatives segment. The new contracts it plans to introduce in October-December quarter include Brent crude oil, soya bean, kapas and a first-of-its-kind almond contract in India, all subject to regulatory approval.
India’s crude price is benchmarked to Brent Oil while the most successful crude oil contract on MCX is based on the light sweet variety from US, known as West Texas Intermediates (WTI). BSE plans to launch Brent to provide a better hedging alternative.
Sameer Patil,
