NSE, IGX explore launch of India's natural gas futures contract

NSE is in talks with IGX to launch an Indian natural gas futures contract, aiming to deepen gas markets and improve price discovery and hedging

The National Stock Exchange of India (NSE) is in talks with the Indian Gas Exchange (IGX) to jointly develop an Indian natural gas futures contract, a move that could add depth to the country’s gas trading and risk management landscape.

 

The proposed contract is expected to benefit gas producers, city distribution companies, power generators, fertiliser manufacturers, industrial consumers and financial participants by providing hedging opportunities against price volatility.

 

“Natural gas is emerging as a critical transition fuel for India’s energy mix, and a domestic futures contract will enhance price transparency, improve risk management capabilities, and support the development of a credible gas price benchmark aligned with Indian market fundamentals,” Sriram Krishnan, chief business development officer, NSE. 

BSE urges brokers to curb ‘unrealistic prices’ 

 

BSE on Thursday called for caution and controls in placing orders as there have been instances of orders at unrealistic prices. The exchange said that it has noticed instances where orders were placed at prices significantly away from the last-traded price or reference price. “Such orders may distort orderbook and disrupt market equilibrium, thereby impacting market integrity,” said BSE, urging stock brokers to refrain from placing orders at unrealistic prices These controls are also to be placed for algorithmic orders, and other orders placed in their own account or on the behalf of their clients.