News

Sebi temporarily forbids NCDEX from launching new mustard seed contracts

Mumbai: The Securities and Exchange Board of India(Sebi) on Friday barred the National Commodity & Derivatives Exchange Limited (NCDEX) from launching any new mustard seed contract till further orders.

The regulator has asked the agricultural commodity exchange not to allow any new position in respect of the running contracts but only squaring up of position.

Sebi said these directions would come into effect immediately.

In August, the regulator had imposed a similar ban on the commodity exchange from launching new futures contracts in Chana.

Articles You May Like

Talking with Eva Kaili, VP of the European Parliament, on MiCA regulation
Bitcoin price targets 8-week highs as Ethereum reaches $1.8K
Huawei’s second quarter revenue rises slightly from a year ago
Swiss Franc Rises in Very Quiet Markets Euro and Sterling on the Soft Side
EURUSD leak to the downside continues as stocks trade to new lows/yields higher

Leave a Reply

Your email address will not be published.