Packing batteries with more punch
Indian researchers are working on cells that can store more energy, last longer
Vijay Kumar, Managing Director, Ncdex - BUSINESS LINE
The National Commodity and Derivatives Exchange (NCDEX) has launched futures trading on NCDEX Agridex, an agriculture index that seeks to provide a holistic view on various commodities traded on the exchange.
Four contracts expiring in June, July, September and December will be available for trading from May 26.
The return-based index comprises 10 liquid commodities traded on NCDEX. It has commodity-wise and sector-wise floors and caps, with no single commodity or sector dominating the index. Agridex has low correlation with other asset classes and indices. To ensure diversification, no group of related commodities may constitute over 40 per cent of the total weightage in the index.
The rollover in futures contract will be done on the initial three days of the expiry month and the index will be rebalanced annually on the first business day of April.
A floor and a cap are enforced upon the weights of each commodity; besides, sector-specific capping is also done based on the aggregated weight of each sector.
NCDEX has partnered with NSE Indices, an index service provider, to maintain and disseminate real-time NCDEX Agridex values.
Vijay Kumar, Managing Director, NCDEX, said the Agridex futures contracts will provide investors with another tool for trading and risk management at a composite level.
Kapil Dev, Head-Business, NCDEX, said Agridex will be the first tradeable commodity index based on domestic prices.
Since Agridex Futures Contracts provide a diversified cash settled instrument, it will help in widening participation on the exchange from both institutional and retail investors, he added.
Indian researchers are working on cells that can store more energy, last longer
To fix a broken bone, doctors often harvest another bone from the patient’s body or from someone else. It ...
Superconductors from IIScScientists at IISc Bangalore have invented a device with a nanocrystal structure ...
Engineering and construction giant L&T has won a licence from the Council of Scientific & Industrial ...
Will a stock continue its current trend or will it reverse? We tell you how you can read chart patterns to ...
Sensex and Nifty 50 saw selling interest on Friday and slumped; selling pressure could continue
Investors with a long-term horizon can consider this offer
Most AMCs have been sending out cryptic e-mails. We tell you how to read between the lines
In these isolated times when people yearn for a slice of the familiar, amateur and professional chefs are ...
With strokes of quirky humour, Partha Pratim Deb uses pulp, terracotta, glass and discarded cloth to create ...
Given the events in Washington DC on January 6, this week’s quiz is all about buildings that house or housed ...
While good writing wars against the cliché, television gives it a natural home
Digital is becoming dominant media, but are companies and their ad agencies transforming fast enough to make a ...
Slow Network, promoted by journalist-lyricist Neelesh Misra, pushes rural products and experiences
How marketers can use the traditional exchange of festive wishes meaningfully
For Fortune, a brand celebrating its 20th anniversary, it was a rude shock to become the butt of social media ...
Three years after its inception, compliance with GST procedures remains a headache for exporters, job workers ...
Corporate social responsibility (CSR) initiatives of companies are altering the prospects for wooden toys of ...
Aequs Aerospace to create space for large-scale manufacture of toys at Koppal
And it has every reason to smile. Covid-19 has triggered a consumer shift towards branded products as ...
Please Email the Editor