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FMC levies penalty on members for not collecting margin money

Last Updated: Wednesday, March 19, 2014, 15:36

Commodity markets regulator FMC has decided to levy up to 5 percent penalty - of the shortfall in the required margin money - on members of the national commodity bourses from April 1 for failing to collect the required amount from clients.

Commodity, stock markets closed for 'Holi'

Last Updated: Saturday, March 15, 2014, 15:34

The BSE, National Stock Exchange, Forex and commodity futures will also remain closed for the festival, and reopen for regular trading on Tuesday.

CBI questions Jignesh Shah

Last Updated: Friday, March 14, 2014, 22:55

CBI on Friday resumed questioning of NSEL promoter Jignesh Shah in connection with a case registered against him for allegedly cheating and causing a loss of over Rs 120 crore to public sector undertaking PEC.

Gold still vulnerable to FED tapering

Last Updated: Tuesday, January 14, 2014, 20:04

Markets have, however, discounted the beginnings of a policy shift on the part of the Fed, but we have to see the reaction when actual impact will be seen.

2014 Outlook: Global economic recovery to cheer commodity market

Last Updated: Thursday, January 02, 2014, 19:59

Better global economy growth may lift demand of metals & crude oil.

NSEL scam derailed commodity market in 2013

Last Updated: Wednesday, December 25, 2013, 12:32

Commodity futures market's dream run came to a halt in 2013 as a Rs 5,600 crore scam in Jignesh Shah-led spot exchange NSEL and imposition of transaction tax on non-farm items hampered the growth of business, with turnover estimated to dip by 30 percent to Rs 125 lakh crore.

FMC removes additional 5% margin on gold trading

Last Updated: Tuesday, November 05, 2013, 18:58

Commodity market regulator FMC Tuesday removed an additional 5 percent margin on the future contracts of gold and silver due to less volatility in prices of these commodities.

FMC slaps additional 5% margin on base metals; may hit traders

Last Updated: Sunday, September 08, 2013, 17:50

Commodity market regulator FMC has imposed an additional margin of five percent on base metals trading in futures, to tackle volatility in the market.

Markets to remain closed today for Independence Day

Last Updated: Thursday, August 15, 2013, 10:47

All wholesale commodity markets, including bullion and metals here will remain closed on Thursday on account of Independence Day.

NSEL's e-series contracts banned; trading comes to halt

Last Updated: Tuesday, August 06, 2013, 12:51

usiness came to a halt at the crisis-ridden National Spot Exchange Ltd (NSEL) Tuesday after the government banned trade of its e-series contracts of commodities such as gold and silver to ensure that the exchange first settles Rs 5,600 crore in dues to investors.

NSEL forms panel; to prepare payment plan by Aug 14

Last Updated: Monday, August 05, 2013, 15:13

The National Spot Exchange Ltd (NSEL), which faces a risk of default after suspending trade, on Monday, said it has formed an independent committee to advise and monitor settlement of trade amounting to about Rs 5,500 crore.

Govt will take all measures to protect investors: FMC

Last Updated: Friday, August 02, 2013, 15:52

Besides FMC, Sebi has also started a separate probe amid a crash in the shares of two listed group companies -- Financial Technologies India Ltd (FTIL) and MCX.