India’s commodity futures turnover from four national exchanges and 17 regional exchanges during the Apr-May period jumped 60.78% year-on-year to Rs 15.87 lakh crore, according to fortnightly data published by the Forward Markets Commission (FMC).
Metals, other than bullion, remained the key drivers of turnover, with a 142 per cent rise to Rs 4.35 lakh crore during the first two months of the current financial year, FMC said. Even bullion turnover during the period rose 62 per cent to Rs seven lakh crore.
From May 16-31, the total turnover rose 71.95 per cent to Rs 4.03 lakh crore, with bullion and base metals accounting for Rs 2.95 lakh crore.
The Multi Commodity Exchange of India (MCX), The National Commodity and Derivatives Exchange (NCDEX), The National Multi-Commodity Exchange of India (NMCE), and The Indian Commodity Exchange (ICEX) are the four national exchanges in the country. MCX—the country’s top exchange in terms of turnover—posted a turnover of Rs 3.39 lakh crore from May 16-31, up 71 per cent. The exchange accounted for nearly 85 per cent of the total turnover during the fortnight, FMC said.
NCDEX registered a 15 per cent rise in turnover to Rs 28,732 crore during the fortnight under review. ICEX registered a turnover of Rs 23,835 crore from May 16-31, while the same of NMCE was Rs 10,289 crore, up 35 per cent.
Among regional exchanges, Indore-based National Board of Trade (NBOT) maintained leadership in terms of turnover. But in absolute terms, the turnover of NBOT was sharply down to Rs 878 crore from Rs 2,759 crore a year ago.
