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NCDEX sees 17 pc jump in turnover in April

PTI

Mumbai

The futures segment of the National Commodity and Derivatives Exchange (NCDEX) has registered a 17 per cent growth in turnover at Rs 70,848.06 crore in April 2016.

Total turnover for April 2016, reached Rs 70,848.06 crore registering an increase of more than 17 per cent as compared to Rs 60,416.65 crore in March this year, NCDEX said in a statement.

Open Interest in futures segment as of April 29, 2016, was Rs 5,392.10 crore, whereas the average open interest for the month stood at Rs 5,173 crore as compared to Rs 4,863 crore for the month of March 2016 which is an increase of around 6.5 per cent, it said.

The top three traded commodities were refined soy oil (Rs 14,944.34 crore) with over 25 per cent rise m-o-m, rapeseed mustard seed (Rs 11,949.25 crore) with over 36 per cet rise m-o-m, and soybean (Rs 9,371.83 crore) with over 26 per cent rise m-o-m.

The Exchange facilitated delivery of 29,293 tonnes of goods for the April 2016 expiry contracts, the release said.

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Debt-heavy GMR sells power stake to Malaysian utility

Agencies
Published May 10, 2016, 12:00 AM IST
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Kuala LampurMalaysian utility Tenaga Nasional, backed by sovereign wealth fund Khazanah Nasional, will buy a 30 percent stake in the energy unit of indebted Indian infrastructure group GMR for $300 million in cash, the companies said Monday.The deal comes as most Indian power companies are struggling with softer-than-expected demand and heavy debt brought on by years of aggressive expansion, inviting pressure from lenders to divest assets to repay loans.But the entry of a…

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