Mumbai, May 21 (IANS) Agricultural commodity exchange NCDEX has launched RAINMUMBAI, India’s first SEBI-approved, exchange-traded weather derivatives contract, which will be introduced on May 29.The contract is designed to convert monsoon variability from an unpredictable challenge into a measurable, manageable and tradable financial risk within a regulated framework, the exchange said.Weather derivatives are financial instruments that help users manage risks arising from adverse or unexpected…
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Mumbai, April 14 (IANS) Indian stock market exchanges remained closed on Tuesday on account of Dr B.R. Ambedkar Jayanti — the second trading holiday in the current financial year (FY27) and in April.Both the bourses, NSE and BSE, suspended trading across equity, equity derivatives and currency segments for the day.In the commodities segment, the Multi Commodity Exchange of India (MCX) also remained shut in the morning session. However, it will resume trading in the evening session between 5 pm …
Mumbai, March 31 (IANS) Domestic stock exchanges BSE and NSE will remain closed on Tuesday on account of Shri Mahavir Jayanti.In addition, the bourses will have 11 more days of official holidays this year, except Saturdays and Sundays.In commodities, the Multi Commodity Exchange of India (MCX) will remain closed during the morning session — 9 am to 5 pm — on Tuesday due to the festival.However, trading will resume in the evening session from 5 pm to 11:30 pm, according to the exchange. Meanwhi…