India’s commodity futures turnover during a fortnight topped the Rs 5-lakh-crore mark for the first time since revival of futures trade in 2003.
According to an official with Forward Markets Commission, total turnover of the four national and 17 regional exchanges rose 63 per cent on year in July 16-31 to Rs 5.01 lakh crore. The cumulative turnover for April-July rose 58.80 per cent on year to Rs 33.72 lakh crore, the official said.
MCX, National Commodity and Derivatives Exchange, National Multi-Commodity Exchange of India, and Indian Commodity Exchange are the national exchanges.
Exchange-wise turnover
MCX, the country’s top exchange in terms of turnover, posted a turnover of Rs 4.06 lakh crore in July 16-31 period, up 60 per cent on year. The turnover is also the highest-ever fortnightly number for the exchange, the official said.
However, the exchange’s share in total turnover slipped to 81 per cent, from around 85 per cent in the past few months, he said. NCDEX registered a sharp rise in turnover to Rs 67,834 crore in July 16-31 fortnight, up 62 per cent on year, the official said. ICEX registered a turnover of Rs 17,793 crore during July 16-31, he said.