BSE may get license for commodity exchange
is likely to receive a license for commodity exchange by December, according to a leading news daily.
The bourse had applied with the market regulator Securities and Exchange Board of India (SEBI) for launching commodity exchange. BSE has already set up required infrastructure for a commodity exchange. SEBI likely to soon allow exchanges to operate in other segment also.
The shares of BSE Ltd were trading down by 1.17% at Rs 1,003 per share on BSE at 1127 hours. The stock opened at Rs 1,006 per share. The stock touched its intraday high and low at Rs 1,013 and Rs 1,000 per share, respectively. Shares of India’s largest listed commodity bourse Multi Commodity Exchange of India (MCX) were trading 0.9% down at Rs 1077.90
Currently, there are two major exchanges for commodity derivatives, MCX and NCDEX. The Anil Ambani-led Reliance Group is also betting on this segment and is in process of relaunching the Indian Commodity Exchange (ICEX).