NCDEX is committed to provide a world-class commodity exchange platform for market participants to trade in a wide spectrum of commodity derivatives driven by best global practices, technology, professionalism and transparency.
What Does National Commodities And Derivatives Exchange - NCDEX Mean?
India's largest and most recognized commodities exchange, which was established in 2003. The exchange was founded by some of India's leading financial institutions such as ICICI Bank Limited, the National Stock Exchange of India and the National Bank for Agricultural and Rural Development, among others.
Currently NCDEX offers contracts in 23 commodities. The contracts being traded are in gold, silver, sona, chandi, soybean, refined s o y b e a n o i l , s o y b e a n me a l , r a p e s e e d -mustardseed, expeller rapeseed-mustardseed oil, RBD palmolein, crude palm oil, medium (J-34) and long (S-6) staple cotton, rubber, jute, pepper, guar seed, wheat, chana, castor seed, sugar, turmeric, guar gum, raw jute, urad and yellow peas. Efforts are underway to add another 20 to 25 commodities including base metals like steel, aluminium, copper, zinc, nickel; energy products like natural gas, coal and electricity.
The Exchange operates between 10 a.m. and 11.15 p.m., with 30 minutes gap between 5 - 5.30 p.m. from Mondays to Fridays and between 10 a.m. and 2.00 p.m. on Saturdays.
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