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Nifty Tips
Indian commodity exchanges witnessed modest surge in turnover in which bullion, metals and agri commodities were marked as top traded till September 15 in this fiscal. According to latest data released by the country’s commodity regulator FMC, the turnover of 23 commodity exchanges surged sharply by 54% up to 15 September to 47.13 lakh crore as compared to 30.65 lakh crore in the same period last year. The turnover from bullion trade was increased by 81% to Rs 20.49 lakh crore till September 15 of FY’11 from Rs 11.35 lakh crore in the same period last fiscal. Business from metals such as copper rose 72% to Rs 11.83 lakh crore from Rs 6.89 lakh crore, while the turnover from energy products like crude oil increased by 25% to Rs 9.32 lakh crore from Rs 7.47 lakh crore. Turnover from agricultural commodities like soybean and guarseed rose 12% to Rs 5.47 lakh crore till September 15 of the current financial year from Rs 4.89 lakh crore in the year-ago period, the FMC said.
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