The National Commodity and Derivatives Exchange (NCDEX) on Monday launched the futures contract on NCDEX GUAREX, India’s first sectoral index in agri-commodities basket.
NCDEX Guarex is a price-based index tracking the price movement in the futures contracts of underlying guar seed and guar gum refined splits on a real-time basis.
The weightage of guar seed and guar gum refined splits in the index will be 63.43% and 36.57%, respectively, a statement issued by NCDEX said. The Exchange had launched the indicative or spot contracts for NCDEX GUAREX on July 5, 2021, disseminating the real-time values on its website.