NCDEX launches GUAREX, a price-based index

By: |
Updated: August 17, 2021 8:44 AM

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.

NCDEXNCDEX 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. (Photo source: Website)

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.

Get live Stock Prices from BSE, NSE, US Market and latest NAV, portfolio of Mutual Funds, Check out latest IPO News, Best Performing IPOs, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and follow us on Twitter.

Financial Express is now on Telegram. Click here to join our channel and stay updated with the latest Biz news and updates.

Next Stories
1Reduction in GST, subsidy on conversion kits to push Auto LPG growth
2UK Royal Mint’s first Goddess Lakshmi gold bar goes on sale for Diwali
3Gold Price Today, 28 September 2021: Gold falls on stronger US dollar; likely to trade in Rs 45500-46500 zone