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Commodities Briefing - Categorized | Commodities Exchanges, Performance more

MCX turnover hits five-year low on CTT, NSEL fallout

Posted on 02 December 2013

Anew tax on non-food items, a crisis in a promoter group firm, increase in margins and a trading closure of non-farm products on Saturdays have culminated in trading volumes on MCX, the country’s largest commodity exchange and the only listed one, having fallen by a whopping 70% over the past five months.
Average daily volumes during November plunged to Rs 15,369 crore from Rs 48,179 crore in June, a decline of 68.1%. This, in turn, took MCX’s turnover to a five-year low last month………………………………..Full Article: Source


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