Futures trading in commodities has been banned at the drop of a hat despite numerous past committees and panels finding no direct linkage between such trading and price rise
Trading in Nifty futures is a common proxy for trading the market as a whole since the index is representative of the market.
According to data provided by NSE, futures contracts of HDFC, Bharti Airtel, HDFC Bank, TCS and RIL jumped around 10 per cent each for a few nanoseconds in early trading
The official also said rubber futures contracts will be available for compulsory delivery for investors who are keen to trade in rubber quality of ''Ribbed Smoked Sheets4'' for a minimum lot size of 1
The stakes are indeed steep because international traders in this market are often massive entities who could swamp a regulator with little experience
The move is seen as a game changer for India's bullion industry, and is expected to put India in a position to set its own price of gold
Currently, futures trading is allowed in crude oil. Petrol and diesel are, among others, the two major refinery products derived from crude oil
Agridex represents produce grown in India and is not linked to any external benchmark; it will be available initially for trading of contracts expiring in June, July, September and December
Here are the weekly stock recommendations by Religare Broking
Here are the weekly stock recommendations by Religare Broking
NCDEX already has wheat and maize futures on its platform
ICEX awaits regulator's nod; move will be an important hedging tool for petrol pumps, transporters and bulk consumers