The move is important because it will bring to light the utility, hedging and other key aspects of all contracts
Sebi has classified non-material modifications as symbol, description, tick size, strikes, margins etc
The index will have 10 Sebi-approved agri commodities. Once open for trading, the NCDEX index for agri and MCX index for non-agri commodities will theoretically complete a basket
Soybean at the benchmark Indore markets are trading at Rs 3,671 per quintal
New fee structure would hurt traders with long-term positions; Mandis across Gujarat and Rajasthan had halted spot commodity trading in protest, leaving thousands of farmers stranded
ICEX started steel futures nearly a month ago while diamond futures were launched on this platform about a year ago