Ncdex's Re-launch Of Chana Contracts
Sebi asks NCDEX not to launch Chana contract till further orders
Markets regulator Sebi on Monday directed the National Commodity and Derivatives Exchange Limited (NCDEX) not to launch new Chana contract till further orders
 "Sebi asks NCDEX not to launch Chana contract till further orders")
NCDEX's chana contracts do Rs 91-cr turnover in day 1 of re-launch
The National Commodity and Derivatives Exchange Ltd. (NCDEX), India's leading commodity exchange, received an overwhelming response from value-chain participants on the first day of re-launch of chana contracts. The contracts registered Rs 91 crore of turnover with trading volume of 17,380 tonnes, its open Interest stood at 6990 tonnes on Friday. "We are encouraged by the enthusiastic participation from the market. It has been our constant endeavour to provide a strong and perfect hedging tool to market and we are happy to offer a market based price discovery and risk mitigation mechanism to the millions of pulse farmers in the country," said Samir Shah, Managing Director and Chief Executive Officer, NCDEX.In a bumper crop year when farmers across the country have been battered by volatile prices across commodities, farmers' groups are using futures contracts to hedge against price dips during the harvest season. So far, over 43,000 farmers, belonging to 47 farmers produce ...
 "NCDEX's chana contracts do Rs 91-cr turnover in day 1 of re-launch")
