National News
MCX launches monthly options contracts on MCX BULLDEX
MCX, the biggest exchange in India for trading in derivative contracts on bullion and base metals, is launching monthly options contracts on Bulldex, the bourse’s bullion index, on Monday. Initially contracts expiring in Nov, Dec and Jan of next year will be available for trading. The MCX BULLDEX® Index is a balanced mix of Gold and Silver Futures, the two most traded precious metals on the MCX. The Options contracts on the index are expected to give market participants more flexibility in managing portfolio exposure and provide an expanded range of hedging instruments in the Indian commodities market.
The launch of options contracts on bullion index on MCX, based on gold and silver, comes at a time when the country saw one of most frenzied buying phases for gold and silver in history. The new offering aligns with MCX’s commitment to deepen India’s commodity markets through product innovation and transparency. Incidentally, India is the world’s top country in terms of number of options contracts traded, data from Futures Industry Association.
Shares of Multi Commodity Exchange of India Ltd (MCX) gained 2.52 per cent in Monday’s trade, reaching a high of Rs 9,244.90 on BSE. The stock advanced after the exchange announced the launch of monthly options contracts on its bullion index
Tanishq, India’s largest jewellery retail brand from the house of Tata, celebrates the Indian women’s cricket teanm’s historic ICC Women’s Cricket World Cup victory. The team has carried the hopes of a nation, displaying unwavering skill, determination, and courage. Their win is more than a trophy, it reflects resilience, teamwork, and the limitless potential of women across India. By breaking barriers and inspiring young girls everywhere, they have become a true symbol of national pride, sparking admiration and joy across the country.
For decades, Tanishq has reflected the stories and milestones of women across India. Since its inception, the brand has stood to empower and support every woman’s journey. In that spirit, the brand’s tribute to the Indian women’s cricket team takes shape through rings crafted from gold exchanged by families nationwide, gifted to each player to mark their remarkable win. It’s a meaningful gesture that connects Indian households with the women who made the country proud, a piece of India recrafted for its champions.
Celebrating this milestone, Ajoy Chawla, CEO Jewellery Division, Titan Company Limited, said, “The Indian women’s cricket team has given the country a moment that will be remembered for generations. Their grit, determination, and the way they carried the hopes of 1.4 billion people is truly extraordinary. These rings from Tanishq are our way of honouring their spirit, commitment, and achievement — crafted from the recycled gold that lakhs of customers have exchanged with us. Each ring carries a piece of the country, just as the team carries the pride of the nation.”
The program has transformed how the country values its gold, and this moment is made possible by the 32 lakh Indians whose trust and participation lie at the heart of this journey.
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National News44 minutes agoIndia’s World Cup victory celebrated with India’s own gold through Tanishq exchange
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