Commodity exchange launches NCDEX Nidhi with six AMCs and plans to diversify into the equity cash segment by January, subject to Sebi approval
Six weeks into India's first rainfall derivative, the numbers have more to say than the launch-day press release did
Mumbai's heavy rains are lifting India's first weather derivative. The RainMumbai contract has surged 30% since launch as strong monsoon activity fuels gains
A look at the challenges and benefits
Skymet Weather Services plans legal action against NCDEX over its rainfall futures launch, objecting to the exchange's partnership with IMD for the product
National Commodity and Derivatives Exchange launched India's first rainfall-based weather derivatives contract to help businesses hedge monsoon-related risks
Stock market holiday: Trading and settlement activities across the equity, equity derivatives, and Securities Lending and Borrowing (SLB) segments will be suspended on both exchanges
Following the Holi holiday, the month of March features two additional market holidays: Ram Navami on March 26 and Mahavir Jayanti on March 31
Late last year, the NCDEX and the MSE separately sought approval from the Sebi to launch and develop equity cash and derivative products, according to exchange disclosures
ICICI Prudential AMC's mega initial public offering (IPO) was subscribed around two times on second day of bidding
Move strengthens India-Sri Lanka financial ties and regional commodity trade presence
The exchange, which dominates agricultural commodity trading in India, received in-principle approval from the markets regulator in July to launch equity and equity derivatives trading
NCDEX has raised over Rs 500 crore with Citadel, Tower Research, Groww and JM Financial among investors as the exchange prepares to enter the equities market
Stock Market Holiday: Indian equity markets will remain closed for trading today on account of Ganesh Chaturthi
With a strong rural connect, cutting-edge risk management systems, and a clear growth vision, the exchange sees vast untapped potential beyond India's metros, says Arun Raste
This would help NCDEX develop statistically validated weather indices that form the foundation of weather-linked futures contracts
Stock market holiday 2025: Are stock and commodity markets closed on Friday, April 18, 2025? Check details
The tie-ups at present are mostly pro-bono arrangements, but the exchange wishes to monetise them in the future as and when it gets adequate experience and expertise
The agreement will enable knowledge transfer between the two exchanges where they will share expertise in product designing and development, trading systems and regulatory framework, sources said
Reliance Securities has also received approvals from the NSE, BSE, MCX, and NCDEX for transferring shares owned by existing promoter Reliance Capital to Hinduja-led Aasia Enterprises