Futures turnover at commodity bourses in India Market, the world's biggest buyer of bullion and second largest wheat grower, jumped 51.3% to Rs 182,26,000 crore in the last fiscal year, spurred by MCX gold and agricultural commodities. More Information about indian stock market visit the site stock-market-expert-tips.blogspot.com
Volumes in agricultural commodities jumped 50.74% to Rs 21,94,000 core in the fiscal year that ended in March, while bullion futures volumes jumped 85.33% to Rs 101,81,998 crore, data from the regulator showed.
The commodity indian stock market regulator has taken a series of steps from limiting position limits to imposition of margins to check excessive speculation in agricultural commodities, after banning trade in guar gum and seed in late March.
India, which allowed futures trading in commodities in 2003, has 24 commodity bourses, including six operating at the national level.