| Before that the exchange had surpassed the psychological barrier of Rs 10,000 crore and touched the height of Rs 11626.33 core (single side) on March 30, thus, breaking its previous record of Rs 8,587.55 crore on January 20. The exchange had surpassed the record of Rs 8,000 crore in December 2005 with a record single side turnover of Rs 8,232.84 crore. |
| Meanwhile, the MCX has raised no margin on wheat despite huge volatility. Wheat for April contract settled at Rs 825.60 per quintal. |
| May contract wheat witnessed a gain of 10 per cent in this month so far and closed at Rs 879.5 per quintal. Volume remained strong at 10490 tonne as compared to 5810 tonne April 1. |
| In contrast, gaining momentum in wheat forced the National Commodity & Derivatives Exchange (NCDEX) to levy a special margin of 3 per cent from the existing 2 per cent presently. The special margin is applicable for April contract also. |
| Margins are levied by the exchanges in order to curb offloading by traders at higher prices. |
| Wheat for May contract closed on Wednesday at Rs 874.60 per quintal as compared to Rs 783.60 per quintal, which the exchange sources say as routine rise. |
| "Any exceptional volatility in a commodity attracts special margin and therefore, the current margin has been levied," said an NCDEX source. |
| The exchange had levied a margin of 2 per cent on wheat earlier. |
| As the April, May, September, October, November and December future prices of wheat has risen by 2 per cent as compared to previous day's daily settlement price (DSP), there will be a special margin of 3 per cent on all long positions of April, May, September, October, November and December contracts as per the contract specification, the source added. |
| Some bit of liquidation of long positions on the above contracts is possible at higher levels and one should look at booking profits on these counters. |
| The same has not been notified for June, July and August as of now. |
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