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Monday, September 17, 2007

Commodity trading route towards to sucess

Trading at various domestic commodity exchanges totalled a staggering Rs 36,76,000 crore in 2006-07 , which was over 28 times of the volume recorded three years ago in FY03-04 at just about Rs 1,29,000 crore. In 2004-05 alone, trading volume grew five times to about Rs 5,71,000 crore. Commodities market is opening fresh avenues not only to investors but also to other participants at all levels. In the current fiscal, total business has touched about Rs 15,00,000 crore in first five months itself till August. Globally, the commodity business is ten times higher than the stock market volumes , while the ratio is relatively much smaller in India, an industry expert said, indicating toward the growth potential of the market.

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