Table of Contents
- 1 What is NCDEX and how it works?
- 2 Which broker is best for NCDEX?
- 3 Which three categories of expiry cycles does commodity futures contracts at NCDEX have?
- 4 Is NCDEX regulated by SEBI?
- 5 Can I trade in NCDEX?
- 6 Where can I open a NCDEX account?
- 7 What is NCDEX in share?
- 8 How many agricultural commodities are available for future contracts in Ncdex?
What is NCDEX and how it works?
The exchange assists Indian farmers in the price discovery process. The NCDEX enables them to price their goods more accurately even if they are not active in the futures market. The introduction of online commodity exchanges like NCDEX reduces the cost of price data for farmers by cutting out the middlemen.
Which broker is best for NCDEX?
Top NCDEX Brokers
- Zerodha.
- Angel broking.
- Sharekhan.
- Edelweiss.
- Upstox.
How activate NCDEX on Zerodha?
How do I apply for the NCDEX IPO? You can apply for the NCDEX IPO on Console using any supported UPI app. Once you have entered your bid on Console, you will receive a mandate collect request on your UPI app. On acceptance of the mandate, the bid amount will get blocked in your bank account.
Which three categories of expiry cycles does commodity futures contracts at NCDEX have?
NCDEX trades commodity futures contracts having one month, two month and three month expiry cycles. All contracts expire on the 20th of the expiry month.
Is NCDEX regulated by SEBI?
NCDEX is regulated by Securities and Exchange Board of India (SEBI).
What is the difference between MCX and NCDEX?
NCDEX is predominantly an exchange with leadership in the agri commodity segments, while MCX has leadership in the area of gold, metals and oil. In a way, NCDEX and MCX operate like the stock exchanges; the only difference being that they deal in commodities rather than in stocks and equity indices.
Can I trade in NCDEX?
While one can trade in commodities on both the NCDEX and the MCX, it is the NCDEX that has a leadership position in agri-commodities trading. In India, there are two principal commodity exchanges, viz. the Multi Commodity Exchange (MCX) and the National Commodity and Derivatives Exchange (NCDEX).
Where can I open a NCDEX account?
How to Open NCDEX Trading Account?
- Select a Stockbroker. As we have discussed above, there are two types of stockbrokers and there are many stockbrokers available in the market.
- Filling the online Application form: The second step to open an NCDEX trading account is online form fill-up.
- Verification.
- Deposit margin money.
Is NCDEX IPO good?
NCDEX has recorded its offer document with business sector controller SEBI for an IPO to raise about Rs 500 crore. The Price band issue was fixed at Rs….The Price band issue was fixed at Rs. 250 – 300per Equity Share.
| Face Value | Rs.10 per Equity Share |
| Maximum Bid amount for Retail | Rs. 2 Lakhs |
| QIB | 50\% of the issue size |
National Commodity & Derivatives Exchange Limited (NCDEX) is a nation-level, technology driven on-line recognised stock exchange with an independent Board of Directors and professional management.
How many agricultural commodities are available for future contracts in Ncdex?
As of September 30, 2019, NCDEX offered future contracts for 21 agricultural commodities and options contracts for five agricultural commodities, on the Exchange platform.