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Commodity Participant Association of India (CPAI) has urged capital markets regulator Sebi to facilitate uninterrupted hedging and trading in cotton futures contracts to market participants. This comes after Sebi in August suspended trading in all cotton futures contracts on commodity exchange MCX for one month to align the contract specifications with that of the market. Later, MCX informed that it is in process of modifying the cotton contract specification and no fresh position would be permitted in cotton January 2023 contracts and the subsequent expiry contracts till such time the revised contract specification gets finalised. In its letter to Sebi on Monday, CPAI said the current contract will expire on December 30, 2022, and will move into the delivery period five days before the expiry. The market participants and hedgers need to roll over the position into January 2023 onwards contract. The market participants are awaiting the notification for the modified contract ...
Excluding the volatile food and energy components, core CPI increased to 6.3% from 5.9% in July, putting further pressure on the Fed to continue on its rate-hiking spree
European stocks took a dip while US futures is saw red on Wednesday. Asian stocks gathered strong ground following US-based stock dip. Market sentiment too, was volatile leading to lower indexes
At 06:22 a.m. ET, Dow e-minis were down 407 points, or 1.29%, S&P 500 e-minis were down 53 points, or 1.35%, and Nasdaq 100 e-minis were down 169 points, or 1.42%
The Supreme Court on Wednesday ordered resumption of arbitral proceedings before the SIAC tribunal over Future Retail's merger deal to the tune of Rs 24,500 crore with Reliance Retail Ltd. A bench comprising Chief Justice N V Ramana and Justices Krishna Murari and Hima Kohli took note of the consent of US e-commerce major Amazon and Future group over the resumption of arbitral proceedings before the Singapore International Arbitration Centre (SIAC). The bench said the SIAC tribunal would pass an appropriate order on a plea of FRL filed under a provision of the Arbitration and Conciliation Act which provides for passing an order if the arbitral tribunal finds that the continuation of the proceedings has for any other reason become unnecessary or impossible. Earlier, the apex court had asked the Future Group and Amazon to jointly urge the Delhi High Court to first hear the enforcement petitions of Amazon which also relate to the preservation of assets of FRL. Amazon had moved the top
The ban on access to futures contracts may fuel volatility in domestic markets
Benchmark iron ore futures on China's Dalian Commodity Exchange recovered from four consecutive sessions of losses on Tuesday
The futures contract was designed jointly with SUFI keeping in mind the industry participants needs and participation, the exchange said in a statement
The contract will facilitate the soybean oils processing and allied industries in India and overseas, a perfect hedging tool for managing their price
Estimates suggest such funds account for over half of stock futures segment
President Xi Jinping is seeking to cushion the world's No. 2 economy against the steepest slowdown since the early 1990s
Market regulator aligning margins in commodity derivatives in line with equity derivatives