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Futures turnover up 30%

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Newswire18 Mumbai
Last Updated : Jan 20 2013 | 1:37 AM IST

The turnover of the five national and 16 regional exchanges in the country during December 1-15 rose 29.69 per cent on year to Rs 5.76 lakh crore, according to an official of the Forward Markets Commission.

During April 1-December 15, the turnover cumulatively rose 51.37 per cent on year to Rs 78.32 lakh crore, the official said.

MCX, National Commodity and Derivatives Exchange, National Multi-Commodity Exchange of India, Indian Commodity Exchange, and ACE Derivatives and Commodity Exchange are the national exchanges.MCX recorded a turnover of Rs 4.72 lakh crore during December 1-15, up 35 per cent on year, accounting for nearly 82 per cent of the total market turnover during the period under review.

NCDEX posted a 31 per cent year-on-year rise in turnover at Rs 74,028 crore during the fortnight under review. ICEX’s turnover declined 16 per cent on year to Rs 17,983 crore in the period under review.

The slide in the turnover of NMCE since for the past seven months continued this quarter as well. The exchange registered a turnover of Rs 5,693 crore, which was down 55 per cent on year.

ACE, which launched operations on October 27, registered a turnover of Rs 2,708 crore during the fortnight. Among regional exchanges, the Indore-based National Board of Trade maintained its top position in terms of turnover. NBOT’s turnover rose 12 per cent on year to Rs 2,731 crore compared with Rs 2,438 crore a year ago.

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First Published: Dec 23 2010 | 12:12 AM IST

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