Mumbai: Turnover on the commodity exchanges took a severe beating on Monday after the Finance Minister, P. Chidambaram’s statement that the Government is weighing the option to suspend futures trading in some more products.
The Finance Minister made the statement in an interview to a television channel in Madrid.
Turnover on MCX plunged 55 per cent to Rs 1,938 crore till 5 pm on Monday, while on NCDEX it fell 6 per cent to Rs 1,471 crore. On Saturday, MCX recorded just Rs 421 crore turnover up to 2 pm.
The Finance Minister made the statement in an interview to a television channel in Madrid.
Turnover on MCX plunged 55 per cent to Rs 1,938 crore till 5 pm on Monday, while on NCDEX it fell 6 per cent to Rs 1,471 crore. On Saturday, MCX recorded just Rs 421 crore turnover up to 2 pm.
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