Commodities market News

Taking charge of regulating the commodities derivatives market, Sebi Chairman U K Sinha on Monday said it would look at allowing foreign portfolio investors and banks in this market in next few months.

Setting September 28 as the date for merger of Forward Markets Commission (FMC) with itself, SEBI Monday announced new norms for commodities derivatives market under which exchanges and brokers in this segment will need to comply with rules applicable to their stock market peers.

Ready to regulate commodity trading, SEBI has cautioned small investors against coming for quick gains through speculation in this market, which is "risky" and requires a lot of technical expertise.

Once the ICEX board approves the revival plan, than the same would be sent to FMC.