Commexes turnover up 75% till Oct 15

Their turnover stood at Rs 56,70,236 crore in the corresponding period last year.

Buoyed by bullion trade,the turnover of the 23 commodity exchanges in the country has risen by 75 per cent to Rs 99,18,052 crore as of October 15 this fiscal,the Forward Markets Commission (FMC) has said.

Their turnover stood at Rs 56,70,236 crore in the corresponding period last year,the commodities market regulator said on its website.

Much of the business came from futures trading in gold,silver and agri-items such as guar seed and chana.

Story continues below this ad

According to data from the FMC,the turnover from bullion rose more than two-fold to Rs 60,36,690 crore during the period under review from Rs 24,83,380 crore in the corresponding year-ago period.

What is more,the turnover from agricultural items rose by 55 per cent to Rs 10,09,773 crore from Rs 6,51,609 crore.

In a similar fashion,business from energy items increased by 28.24 per cent to Rs 14,61,234 crore in the review period from Rs 11,39,451 crore in the April 1-October 15 period of FY2012.

Futhermore,the turnover from metals like copper has risen marginally to Rs 14,10,353 crore from Rs 13,95,768 crore in the corresponding year-ago period.

Story continues below this ad

There are five national-level and 18 regional commodity exchanges in the country. The commodity futures market did business worth Rs 119.48 lakh crore in 2010-11.

Cracks in BJP-AIADMK alliance again as Delhi ‘hand’ seen in bids to rock EPS

Political Pulse1 hr ago

The AIADMK-BJP alliance is under pressure as the AIADMK accuses BJP of meddling in EPS's leadership. Calls for leaving NDA are increasing and OPS may form a new party. BJP's efforts to gain control in Tamil Nadu are being resisted by AIADMK leaders. Despite challenges, EPS maintains a strong grip on the party. BJP's attempts to unite AIADMK have failed, potentially bolstering EPS's leadership.

View all shorts

Live Blog