India's NSE expands commodity derivatives segment with 13 new contracts

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India's NSE expands commodity derivatives segment with 13 new contracts
Credit: © Reuters.

India's largest stock exchange, the National Stock Exchange of India Limited (NSE), has broadened its Commodity Derivatives Segment with the addition of thirteen new contracts. The expansion, which was announced on Monday, has increased the total number of products in the segment to 28.

The new offerings include 'Options on Futures' for Gold (1kg and mini), Silver Mini, Copper , Zinc along with futures for Gold Guinea (8 grams), Aluminium (standard and mini), Lead (standard and mini), Nickel, Zinc (standard and mini), and Brent Crude Oil Futures. This recent development follows the introduction of six derivatives, including WTI Crude Oil – Mini Futures.

Sriram Krishnan, NSE's Chief Business Development Officer, highlighted that these additions are instrumental in facilitating efficient risk management across commodities. The expanded scope of the exchange has garnered interest from diverse market players like domestic mutual funds and foreign portfolio investors (FPIs), contributing to the vibrancy of its Commodity Derivatives Segment.

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