Hello Friends here we come up with another write up on “SMC Gyan Series”.
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INDEX - The Measuring Barometer
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Topic is INDEX – The Measuring Barometer.
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Here, we would read that what is MCX Comdex and what are the advantages of Index.
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MCX COMDEX captures diversified sectors encompassing futures contracts drawn on metals, energy and agricultural commodities that are traded on MCX.
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It is the significant barometer for the performance of commodities market and would be an ideal investment tool in commodities market over a period of time.
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The MCX COMDEX futures give users the ability to efficiently hedge commodity and inflation exposure and lay off residual risk.
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Protection can be established regardless of overall market direction.
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MCX COMDEX, India’s first composite commodity futures index was launched on June 7, 2005.
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Advantage:
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Investors who own stocks of companies having exposure to primary commodities could use the COMDEX as a guide to hedge their risk in the commodity exchange, thereby bringing stability to the financial markets and strengthening linkages.
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Weight age (%) of Commodities in MCX COMDEX:
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On the MCX-COMDEX, Agricultural sub-group carries 20% weighting.
It includes ref. soy oil, potato, chana, crude palm oil, kapaskhali & mentha oil.
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Metals also carry 40% weighting and comprise gold, silver, copper, zinc, aluminium, nickel & lead.
The energy sub-group consists of crude oil & natural gas and carries 40% weighting.
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Weight age (%) of Commodities in MCX COMDEX
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Also Group Indices for MCX AGRI, MCX METAL & MCX ENERGY on commodity futures prices have been developed to represent different commodity segments as traded on the exchange.
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