Afternoon D & C Dedicated To Mumbai
Home > Business > ICEX total traded value for 1 CT diamond contract is Rs 327cr

ICEX total traded value for 1 CT diamond contract is Rs 327cr

Thursday, February 08, 2018

Sebi-regulated Indian Commodity Exchange (ICEX) yesterday said that the total traded value of its 1-carat (CT) diamond futures contract launched in November has clocked Rs 327 cr till date.

The 0.50 CT diamond contract clocked a total traded value of Rs 20.18 cr in the same period. "The total traded quantity in February 2018 expiry of 1CT diamond since launch was 10,24,783 cents valued at Rs 327.35 cr and in 0.50CT diamond total traded quantity was 1,36,632 cents valued at Rs 20.18 cr," ICEX said in a statement.

The exchange also said that it has successfully completed both 1 CT diamond and .50 CT diamond futures contracts settlements on February 5. In the February month expiry, 5,315 cents of 1CT diamond and 2,777 cents of 0.50CT diamond were delivered.

Commenting on the settlement cycle, Sanjit Prasad, managing director and CEO, ICEX, said,  "During the February 2018 expiry, we have seen a convergence of spot and futures price, one of the important features of derivatives market. All the open interest positions towards contract expiry resulted into delivery."

"We have witnessed wide spread retail buying interest from across the country whereas manufacturers from Mumbai and Surat primarily participated in the delivery," he added.
 

COMMENTS
No Comments Posted
POST YOUR COMMENTS
Name:  
 
Email:    
Comments:
 
 
City news
...as state government brings MMRDA under MRPS Ac
Bid to dislodge fishermen from Colaba, Koliwada:
The Shiv Sena said yesterday the BJP's attempt ...
I am 17-year-old junior college girl. I wish to k
Dr. Rajan B. Bhonsle, M.D. (Bom)
Consulting Sex Therapist & Counsellor
Dr. (Mrs.) Minnu R. Bhonsle, Ph.D.
Consulting Psychotherapist & Counsellor
Astrology
Select Sun sign:
 
Aries (Mar 21 - Apr 20)
Aries (Mar 21 - Apr 20)Today, you will focus your lens on the one you've taken a fancy to! You are high on energy, but low on commitment to work. It won't be surprising if your bosses are miffed. But still, says Ganesha, it's a day of flowers and love notes.
- Advertising -
The prolonged rise in mercury sees a surge in hea
A diet plan and regular exercise are essential ev
It’s time to get rid of the love handles you acqu
Read More