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MCX achieves record market share of 94% in FY20


Kolkata: Driven by a surge in bullion and energy turnover, Multi Commodity Exchange of India Ltd (MCX) achieved a record market share of 94.01 per cent in 2019-20. The total turnover in futures trading rose by 27.40 per cent to Rs.83.97 lakh crore in the last fiscal.

In fiscal 2019-20, the average daily turnover of futures trading on the bourse was Rs.32,423 crore, an increase from Rs.25,647 crore in 2018-19 up by 26.42 per cent.

According to data available on MCX’s website, bullion turnover increased by 92.59 per cent and energy turnover by 55.58 per cent.

The turnover in bullion contracts was pegged at Rs.29,15,532 crore in the just-concluded fiscal, an increase from Rs.15,13,817 crore in 2018-19. The exchange also recorded its highest daily bullion derivatives turnover at Rs.35,112.36 crore on March 16, 2020 after the levy of the Commodities Transaction Tax in July 2013. The newly designed one gram gold metal futures contract saw successful delivery of 8090 coins since November 2019.

The energy contracts turnover surged to Rs.38,13,027 crore in last fiscal as compared to Rs.24,50,777 crore in 2018-19. Base metals turnover slipped to Rs.15,68,294 crore, a fall from Rs.25,25,601 crore in FY19. Total quantity of 74,206 MT of base metals has been delivered through the exchange mechanism.

Agri futures turnover recorded a fall to Rs.1,00,919 crore from Rs.1,01,232 crore.

In FY2020, MCX successfully completed the physical deliveries of 24,924 MT aluminium, 18777 MT copper, 4993 MT lead, 1114 MT nickel and 24,397 MT zinc.


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