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    Total Comex Turnover up by 41% but NMCE drops by 62%

    Published on October 14, 2010

    The total turnover of 23 commodity bourses in the country shot up by 41.13 per cent to Rs 8,95,613 crore in September this year says an official release from the market regulator, Forward Markets Commission (FMC).

    The turnover of all the commodity bourses put together stood at Rs 6,34,596 crore in the corresponding period last year,  the statement said.

    According to FMC the maximum turnover was seen in energy trade followed by bullion, metals and agricultural commodities.

    The business at Multi Commodity Exchange and National Commodity Derivatives Exchange, the country’s top two national commodity bourses in turnover terms, rose by 39 per cent and 57 per cent, respectively, last month.

    The turnover of MCX increased to Rs 7.62 lakh crore in September this year from Rs 5.48 lakh crore in year-ago period.

    Similarly the turnover of NCDEX, which largely offers futures trading in agri-commodities, jumped to Rs 93,026 crore from Rs 59,427 crore in the review period.

    However, the turnover of NMCE, the country’s third biggest national bourse, plummeted 62 per cent to Rs 7,339 crore in September this year from Rs 19,345 crore a year-ago.

    New entrant Indian Commodity Exchange Ltd made a business of Rs 26,761 crore last month, FMC data showed.

    According to FMC, the turnover from energy products like crude oil rose 54 per cent to Rs 2.11 lakh crore in September, from Rs 1.37 lakh crore same period last year