NCDEX NEWS
Is the stock market open for Eid-Ul-Fitr (Ramzan Id) tomorrow?
Equity markets BSE and NSE will remain closed for trading on Thursday on the account of Eid-Ul-Fitr (Ramzan Id). India's largest agri commodity exchange NCDEX will also be shut tomorrow, while MCX will be closed for the first session between 9 am and 5 pm and resume trading after 5 pm.
Budget 2024: Industry calls for govt revisit on agri commodity futures trade ban
The continued linked the prosperity of the market on the agility of policies, adherence to principles of fairness, and timely adaptations to meet the evolving needs of both the market and its investors
Amid uptick in prices govt cuts stock limit for wheat traders, wholesalers to 2,000 tonnes
The Indian government has decided to reduce the stock limit on wheat traders, wholesalers, and big chain retailers from 3,000 tonnes to 2,000 tonnes due to an increase in prices. The government had previously restricted these players to a stock limit of 3,000 tonnes until March 2024. The decision to further reduce the limit was made following a 4% increase in wheat prices on the NCDEX to Rs 2,550 per quintal in the past month.
NCDEX launches isabgol seed futures
Although the Indian Isabgol industry is yet to get organized, market sources assume India is the largest exporter of the Isabgol husk with a contribution of more than 85% of global consumption. However, despite having near monopoly in this medicinal agricultural produce, Indian growers as well as exporters are often exposed to volatility in prices due to various internal and external factors, raising the need for a tool that may provide opportunities in price risk management in the commodity.
Gold Price Today: Yellow metal shines on dollar weakness; buy futures for this target
"Over the weekend, the Fed rolled out emergency measures to make borrowing easier for embattled banks. The White House also assured Silicon Valley Bank depositors that it would cover all withdrawals. Comex Gold is heading towards $1900, which may act as a strong resistance for prices. Support is seen around the $1840 level,"
NCDEX launches Refined Castor Oil futures
The exchange already has a successful contract in Castor Seed and the launch of Refined Castor Oil will enhance the castor complex in the futures segment of NCDEX.
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Mustard seed trades 25% above MSP; farmers make an extra buck
Traders said higher prices of edible oils in the international market are boosting mustard oil rates with limited possibility of cooling off going forward.
Drooling over LIC IPO? If you cash, plenty of options ahead
Shares of some of the IPO aspirants are already performing decently in unlisted market, as the secondary market benchmarks almost doubled from their March lows.
1000 more APMCs will join eNAM platform, FM says in subtle message to farmer groups that mandis will co-exist with private players
Sections of political as well as farmer leaders had been skeptical that the BJP-ruled states were trying to weaken APMCs by throwing agriculture markets open for private participants, triggering protests from farmers.
Uptick expected in guar futures; may not be sustained, says industry
“As the area sown under guar has reduced, we expect that production may fall from 9 million bags of 100 kilograms each in the previous year to about 7.5 million bags this year,” said Dilip Sarda, a guar gum manufacturer from Rajasthan.
NCDEX to publish two rainfall-based indices on Wednesday
The two indices will only be representative indices of rainfall in the country and won’t be available for trading.
NCDEX gets Sebi go-ahead for Rs 500 crore IPO
The offering comprises a fresh issue aggregating up to Rs 100 crore and an offer for sale of up to 1.44 crore shares.
Trade body demands Sebi action to curb speculation in castor seed futures
The NCDEX castor seed futures has been hitting upper circuit since last two days on very thin volumes.
MFs, PMS may take part in commodities derivatives market
SEBI may also discuss the proposal on allowing MFs to segregate distressed debt securities in their portfolios
Sebi to soon frame guidelines to allow mutual funds in commodity derivatives
Sebi said it will soon finalise the guidelines to allow mutual funds to invest in commodity derivatives segment.
Any bad news on monsoon front to boost guarseed prices
As reports of early arrival of Monsoon set in, the entire agri market rates crashed with major fall seen for Guar.
Blackstone exits MCX, sells 4.8% to Swiss Fin Corp for Rs 300 crore
Blackstone, through its Mauritius subsidiary, Blackstone GPV Capital Partners, held 4.79% stake in the commodity exchange as on September 30, 2016.
RBI to mind food inflation, prices likely to stay high till supplies ease
Economists see food inflation staying firm in the next few months and traders too feel prices of pulses, tomatoes and potatoes are not likely to cool off immediately.
Soaring sugar prices may not be all good news, can harm trade
Sugar prices have risen by more than 8% in last 4 days to Rs 35 per kg at mill gates, according to traders and analysts, who say this could harm trade.
External auditor to probe brokers, clients’ role in castor trade fiasco
The announcement of an investigation comes close on the heels of Sebi having asked the bourse for an explanation on the circumstances leading to an overnight ban on castor futures last Wednesday.
Fifteen stocks in focus on Thusday morning trade
Wall Street lost ground mainly because of economic reports portraying US factory growth as tepid and China in its worst manufacturing contraction since the global financial crisis.
Talk of stock limits for warehouses spooks commodity futures market
So far stock limits did not apply to WDRA accredited warehouses. Futures market warehouses are mandatorily registered with WDRA.
NCDEX launches mobile app for investors
The online commodity exchange has partnered with Trakinvest, a Singapore based financial technology firm, to develop this app.
NCDEX launches new app to access market information
The app users will have instant access to prices, news, updates, market data and analysis for commodity of their choice.
Traders betting on lower rates of edible oils, pulses and spices as rains gather speed
Rainfall in the first half of the key crop-planting month has been 13 per cent higher than average, significantly better than expectations.
NCDEX ties up with DD Kisan to provide agri-price information
NCDEX said that apart from news stories, it would also provide expert views, analysis and feature stories on economic turnaround from hinterlands and rural India.
NCDEX hopeful of relaunch of guar futures in one month
Commodity bourse NCDEX said it has applied for relaunch of guar futures contracts and is hopeful of getting regulator FMC's nod within a month.
Oil at 4-month high before US Federal Reserve policy statement
The volume of all futures traded was 35% below the 100-day average. Oil has gained 6.6% this month.
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