scorecardresearch
Follow Us:
Friday, January 21, 2022

Sebi bars launch of new derivative contracts for wheat, few other commodities

Launch of new contracts for the paddy (non-basmati), wheat, soya bean and its derivatives (its complex), crude palm oil and moong have been barred till further orders by the regulator.

By: PTI | New Delhi |
December 20, 2021 10:46:14 am
sebi, sebi news, sebi alert, sebi orderThe logo of the Securities and Exchange Board of India (SEBI) is pictured on the premises of its headquarters in Mumbai, India, March 1, 2017. (REUTERS/File Photo)

Markets regulator Sebi on Monday directed stock exchanges not to launch new derivative contracts in wheat, crude palm oil, moong and few other commodities till further orders.

The latest directive will come into force with immediate effect, according to a release.

Launch of new contracts for the paddy (non-basmati), wheat, soya bean and its derivatives (its complex), crude palm oil and moong have been barred till further orders by the regulator.

The list includes chana, and mustard seeds and its derivatives (its complex). The derivative contracts in these commodities were suspended earlier this year, the release said.

In respect of running contracts, no new position will be allowed to be taken and only squaring up of position will be allowed.

The directions will be applicable for a period of one year, it added.

📣 The Indian Express is now on Telegram. Click here to join our channel (@indianexpress) and stay updated with the latest headlines

For all the latest Business News, download Indian Express App.

  • Newsguard
  • The Indian Express website has been rated GREEN for its credibility and trustworthiness by Newsguard, a global service that rates news sources for their journalistic standards.
  • Newsguard
Advertisement
Advertisement
Advertisement
Advertisement