Posts Tagged ‘National Multi Commodity Exchange of India’

Vegetable Prices to Ease by January : Planning Commission

Hello Friends here we come up with the Latest Major Agri-Commodities updates from various parts of the country.

Vegetable Prices to Ease by January : Planning Commission

Vegetable Prices to Ease by January : Planning Commission

Planning Commission Deputy Chairperson Montek Singh Ahluwalia Sunday said he expected vegetable prices to ease by January.

“At the end of a bad monsoon, the big pressure is on vegetables.

The annual inflation rate for food articles was sharply higher at 13.39 percent for the week under review.

Similarly, the annual rise in the index for pulses was 23.44 percent and that for cereals was 11.15 percent.

He also said that “By December-January, you will see at least something (fall in prices) for vegetables, there will be a different position,” Ahluwalia added.

“It (vegetable) is not something you can import, but in general, certainly in management of public distribution system, we are in a strong position as far as stocks are concerned,” he contended.

“There is more than enough food stock in the country. We do not have to worry on that score.”

The Reserve Bank of India and the government have both warned that India’s annual rate of inflation based on wholesale price index for all commodities would rise to 6-6.5 percent by March, while the Prime Minister’s Economic Advisory Council has pegged it at 6 percent.

🙂

In Other major Commodities Updates we can see that NMCE has kick started trading in gold guinea contract. 🙂

NMCE kicks starts trading in gold guinea contract:

National Multi Commodity Exchange of India (NMCE), the first commodity exchange of the country, has started trading in gold guinea contract to reach to the masses.

The commex has tied-up with Muthoot Group to set up multiple delivery centres.

The guinea would be a Muthoot branded BIS certified serially numbered,available in a tamper proof packing.

The purchase/delivery of the gold guinea will be made available through the Muthoot Finance’s 22 centers across the country, which include Ahmedabad, Kolkata, Jaipur, Mumbai, Indore, Delhi, Rajkot, Kanpur, Lucknow in the North and Trivandrum, Kollam, Kottayam, Calicut, Chennai, Coimbatore, Madurai, Truichi, Bangalore, Mangalore, Hyderabad, Trichur.

🙂

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IDFC, KRIBHCO Buy 5% Stake Each in ICE :)

IDFC-KRIBHCO-buy-5%-stake

IDFC and Krishak Bharati Cooperative Limited (KRIBHCO)have purchased a stake of  5% each in Indian Commodity Exchange, which jointly promoted by Indiabulls Financial Services and MMTC.

🙂

According to sources, the bourse will apply to Forwards Markets Commission, the regulator, after the completion of the formalities of the shareholding agreement.

🙂

With the latest divestment, the current holding of Indiabulls stood at 40% while MMTC has 26%. The other shareholders include HDFC Bank, Yes Bank and Indian Potash.

🙂

FMC guidelines stipulate a maximum shareholding of 40% in a commodity exchange by an anchor investor.
This has to be reduced to 26% within a period of two years starting with the fourth year from the date of exchange’s recognition.

🙂

Earlier, FMC (Forward Markets Commission) rejected United Stock Exchange’s proposal to pick up 10% stake in Indian Commodity Exchange since it was yet to receive full recognition from capital markets regulator SEBI.

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The bourse is the latest entrant into the commodity futures space and will vie with the predominantly metals and energy bourse MCX and agri bourses NCDEX and NMCE.

🙂

In August, FMC had directed the exchange, which had received recognition from the Ministry of Commerce over a year ago, to offer 10 per cent equity of USE to other competent partners and re-submit the application by September-end.

🙂

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SMC Trading Platform offers online equity & derivative trading facilities for investors who are looking for the ease and convenience and hassle free trading experience.

SMC provides ODIN Application, which is a high -end, integrated trading application for fast, efficient and reliable execution of trades.

One can now trade in the NSE and BSE simultaneously from any destination at their convenience. They can access a multitude of resources like live quotes, charts, research, advice, and online assistance helps them to take informed decisions.

One can also trade through SMC’s branch network by registering with SMC as their client.

One can also trade through SMC on phone by calling SMC’s designated representatives in the branches where he/she is registered as a client.

Clearing Services

SMC is a clearing member in NSE (F&O), BSE(F&O),MCX, NCDEX,and DGCX. SMC is clearing massive volumes of trades of its trading members in this segment.

Commodity Trading

SMC is a member of 3 major national level commodity exchanges, i.e

National Commodity and Derivative Exchange(NCDEX),

Multi Commodity Exchange (MCX) and

National Multi Commodity Exchange of India(NMCE) and offers one a trading platform of NCDEX, MCX and NMCE.

One can get Real-Time streaming quotes, place orders and watch the confirmation, all on a single screen. SMC uses technology using ODIN application to provide clients with live Trading Terminals. In this segment, SMC has spread its wings globally by acquiring Membership of Dubai Gold and Commodities Exchange. SMC provides trading platform to trade in DGCX and also clear trades of trading members being a clearing member.

Distribution of Mutual Funds & IPOs

SMC offers distribution and collection services of various schemes of all Major Fund houses and IPOs through its mammoth network of branches across India .

SMC is registered with AMFI as an approved distributor of Mutual Funds. SMC assures one a hassle free and pleasant transaction experience when they invest in mutual funds and IPOs through us. They are registered with all major Fund Houses including Fidelity, Franklyn Templeton etc.

SMC has a distinction of being leading distributors of IPOs. Shortly SMC will be providing the facility of online investment in Mutual Funds and IPOs.

Online back office support

To provide robust back office support backed by excellent accounting standards to its branches SMC has ensured connectivity through FTP and Dotnet based Application. To ensure easy accessibility to back office accounting reports to its clients, SMC has offered facilities to view various user freindly, easily comprehendible back office reports using the link My SMC Account.

SMC Depository

SMC is DP for shares and commodities. It is one of the leading DP and enjoy the trust of more than 5.5 lacs investors. SMC offers a quick, secure and hassle free alternative to holding the securities and commodities in physical form. SMC is one of the few Depository Participants offering depository facilities for commodities. SMC is empaneled with both NCDEX & MCX.

SMC Research Based Advisory Services

SMC’s massive R&D facility caters to the need of Investors, who are continuously in need of opportunities for striking rich rewards on their investment. SMC has one of the most advanced, hitech inhouse R&D wing with some of the best people, process and technology resources providing complete research solutions on Equity, Commodities, IPOs and Mutual Funds. SMC offers proactive and timely world class research based advice and guidance to its clients so that they can take informed decisions.

SMC Investor Awareness Forum

SMC’s dedicated team of professionals is conducting investor meet/seminars across India . SMC believes that a well-informed investor is an empowered investor. SMC also seeks its client’s feedback on its services in these Investor meets.

SMC Global Securities : Money Wise Be Wise !

Every Investor is Unique,Every Solution is Unique.

SMC

Product & Services
Product & Services

Product and Services from SMC Global !

SMC Global Securities : Money Wise Be Wise !

Equity & Derivative Trading

SMC Trading Platform offers online equity & derivative trading facilities for investors who are looking for the ease and convenience and hassle free trading experience.

SMC provides ODIN Application, which is a high -end, integrated trading application for fast, efficient and reliable execution of trades.

One can now trade in the NSE and BSE simultaneously from any destination at their convenience. They can access a multitude of resources like live quotes, charts, research, advice, and online assistance helps them to take informed decisions.

One can also trade through SMC’s branch network by registering with SMC as their client.

One can also trade through SMC on phone by calling SMC’s designated representatives in the branches where he/she is registered as a client.

Clearing Services

SMC is a clearing member in NSE (F&O), BSE(F&O),MCX, NCDEX,and DGCX. SMC is clearing massive volumes of trades of its trading members in this segment.

Commodity Trading

SMC is a member of 3 major national level commodity exchanges, i.e

National Commodity and Derivative Exchange(NCDEX),

Multi Commodity Exchange (MCX) and

National Multi Commodity Exchange of India(NMCE) and offers one a trading platform of NCDEX, MCX and NMCE.

One can get Real-Time streaming quotes, place orders and watch the confirmation, all on a single screen. SMC uses technology using ODIN application to provide clients with live Trading Terminals. In this segment, SMC has spread its wings globally by acquiring Membership of Dubai Gold and Commodities Exchange. SMC provides trading platform to trade in DGCX and also clear trades of trading members being a clearing member.

Distribution of Mutual Funds & IPOs

SMC offers distribution and collection services of various schemes of all Major Fund houses and IPOs through its mammoth network of branches across India .

SMC is registered with AMFI as an approved distributor of Mutual Funds. SMC assures one a hassle free and pleasant transaction experience when they invest in mutual funds and IPOs through us. They are registered with all major Fund Houses including Fidelity, Franklyn Templeton etc.

SMC has a distinction of being leading distributors of IPOs. Shortly SMC will be providing the facility of online investment in Mutual Funds and IPOs.

Online back office support

To provide robust back office support backed by excellent accounting standards to its branches SMC has ensured connectivity through FTP and Dotnet based Application. To ensure easy accessibility to back office accounting reports to its clients, SMC has offered facilities to view various user freindly, easily comprehendible back office reports using the link My SMC Account.

SMC Depository

SMC is DP for shares and commodities. It is one of the leading DP and enjoy the trust of more than 5.5 lacs investors. SMC offers a quick, secure and hassle free alternative to holding the securities and commodities in physical form. SMC is one of the few Depository Participants offering depository facilities for commodities. SMC is empaneled with both NCDEX & MCX.

SMC Research Based Advisory Services

SMC’s massive R&D facility caters to the need of Investors, who are continuously in need of opportunities for striking rich rewards on their investment. SMC has one of the most advanced, hitech inhouse R&D wing with some of the best people, process and technology resources providing complete research solutions on Equity, Commodities, IPOs and Mutual Funds. SMC offers proactive and timely world class research based advice and guidance to its clients so that they can take informed decisions.

SMC Investor Awareness Forum

SMC’s dedicated team of professionals is conducting investor meet/seminars across India . SMC believes that a well-informed investor is an empowered investor. SMC also seeks its client’s feedback on its services in these Investor meets.

SMC Global Securities : Money Wise Be Wise !