MCX turnover rises 27% to ₹84 lakh crore in FY’20

Our Bureau Mumbai | Updated on April 07, 2020 Published on April 07, 2020

Bullion turnover increased by 93 per cent to ₹29.15 lakh crore   -  BUSINESS LINE

Aided by a sharp jump in bullion and energy prices, the Multi Commodity Exchange (MCX) logged a record market share of 94.01 per cent in the fiscal ended March 2020.

The total turnover in futures trading rose 27 per cent to ₹83.97 lakh crore in the last fiscal with an average daily turnover increasing 26 per cent to ₹32,423 crore (₹25,647 crore).

Bullion turnover increased by 93 per cent to ₹29.15 lakh crore (₹15.13 lakh crore) while that of energy was up 60 per cent to ₹38.13 lakh crore (₹24.50 lakh crore).

The exchange also recorded the highest daily bullion turnover of ₹35,112 crore last month for the first time after the levy of the Commodities Transaction Tax in July 2013. The newly-designed one gram gold metal futures contract saw delivery of 8,090 coins since last November.

Base metals turnover slipped to ₹15.68 lakh crore (₹25.25 crore). Total quantity of 74,206 tonnes of base metals was delivered on the exchange platform, including 24,924 tonnes of aluminium, 18,777 tonnes of copper, 4,993 tonnes of lead, 1,114 tonnes of nickel and 24,397 tonnes of zinc.

Agriculture futures turnover on MCX fell to ₹1 lakh crore (₹1.01 lakh crore) largely due to drop in agriculture commodity prices.

Published on April 07, 2020

A letter from the Editor

Dear Readers,

The coronavirus crisis has changed the world completely in the last few months. All of us have been locked into our homes, economic activity has come to a near standstill. Everyone has been impacted.

Including your favourite business and financial newspaper. Our printing and distribution chains have been severely disrupted across the country, leaving readers without access to newspapers. Newspaper delivery agents have also been unable to service their customers because of multiple restrictions.

In these difficult times, we, at BusinessLine have been working continuously every day so that you are informed about all the developments – whether on the pandemic, on policy responses, or the impact on the world of business and finance. Our team has been working round the clock to keep track of developments so that you – the reader – gets accurate information and actionable insights so that you can protect your jobs, businesses, finances and investments.

We are trying our best to ensure the newspaper reaches your hands every day. We have also ensured that even if your paper is not delivered, you can access BusinessLine in the e-paper format – just as it appears in print. Our website and apps too, are updated every minute, so that you can access the information you want anywhere, anytime.

But all this comes at a heavy cost. As you are aware, the lockdowns have wiped out almost all our entire revenue stream. Sustaining our quality journalism has become extremely challenging. That we have managed so far is thanks to your support. I thank all our subscribers – print and digital – for your support.

I appeal to all or readers to help us navigate these challenging times and help sustain one of the truly independent and credible voices in the world of Indian journalism. Doing so is easy. You can help us enormously simply by subscribing to our digital or e-paper editions. We offer several affordable subscription plans for our website, which includes Portfolio, our investment advisory section that offers rich investment advice from our highly qualified, in-house Research Bureau, the only such team in the Indian newspaper industry.

A little help from you can make a huge difference to the cause of quality journalism!

Support Quality Journalism
This article is closed for comments.
Please Email the Editor
You have read 1 out of 3 free articles for this week. For full access, please subscribe and get unlimited access to all sections.